P โ€” Human ServicesEIN: 580965104ยท Ruling Year: 1967

Sowega Council On Aging Inc

Albany, Georgia

B+Health Score
74B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

๐Ÿ’ฐ
$7.3M
Total Revenue
๐Ÿ“Š
$7.1M
Total Expenses
๐Ÿฆ
$9.6M
Net Assets
๐Ÿ“‹
$974K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+9.1%
Year-over-year change (2022 โ†’ 2023)
Net Margin
+2.5%
Revenue minus expenses as % of revenue
Working Capital Ratio
1.34
Net assets divided by total expenses
Liabilities-to-Assets
9.2%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$7,318,286โ†‘9%$7,135,823โ†‘6%$10,541,489โ†“2%
2022$6,707,092โ†“7%$6,706,215โ†“4%$10,730,757โ†“4%
2021$7,209,697โ†‘13%$6,987,398โ†‘21%$11,164,970โ†‘3%
2020$6,355,292โ†‘1%$5,779,745โ†“1%$10,824,389โ†‘8%
2019$6,316,229โ†“5%$5,856,928โ†“11%$10,046,982โ†‘7%
2018$6,648,038โ†‘3%$6,554,825โ†“1%$9,358,199โ†“1%
2017$6,483,091โ†‘1%$6,649,468โ†‘1%$9,488,177โ†“1%
2016$6,400,888โ†“13%$6,613,282โ†“4%$9,560,573โ†“4%
2015$7,395,626โ†‘7%$6,859,844โ†‘7%$9,936,217โ†“4%
2014$6,887,544โ†“29%$6,407,971โ†‘3%$10,392,332โ†‘33%
2013$9,635,304โ†‘39%$6,247,912โ†“5%$7,817,169โ†‘69%
2012$6,913,548โ†‘1%$6,544,383$4,623,628โ†‘5%
2011$6,864,559$6,554,714$4,387,205

Frequently Asked Questions

What does Sowega Council On Aging Inc do?โ–ผ

Sowega Council On Aging Inc is a human services nonprofit organization based in Georgia. It is classified under NTEE code P81Z and is registered as a 501(c) tax-exempt organization with the IRS.

Is Sowega Council On Aging Inc financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, Sowega Council On Aging Inc has a score of 74/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Sowega Council On Aging Inc generate?โ–ผ

Sowega Council On Aging Inc reports $7.9M in annual revenue and holds $11.5M in total assets, based on IRS filings.

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Sowega Council On Aging Inc โ€” Albany, GA | GiveScope