Live preview — download the board-ready PDF to attach to your minutes.Download the free PDF
Email yourself a copy:
PeerBasis
Compensation Comparability Determination

Elderday Center

Executive Director / CEO

EIN 363731502
IL · NTEE P81Z
FY ending 2023-12-31
June 9, 2026

This analysis benchmarks the total compensation of Michael Cobb, Executive Director / CEO ($67,049) against every comparable organization that fit the selection criteria — 137 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 85th percentile of comparable organizationswithin the typical range

Benchmarked executive: Michael Cobb — reported title “CEO”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

137 organizations qualified on sector, size, and geography 137 within the band form the benchmarked peer set.

Distribution of comparable compensation

$380 total compensation of comparable organizations → $160,791 $67,049
$18,28410th
$32,77625th
$45,997Median
$61,55175th
$76,63590th
$67,049This org · 85th
p10$18,284
p25$32,776
p50$45,997
p75$61,551
p90$76,635
$67,049

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to IL cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
Kearsarge Area Council On Aging Inc NH$277,438 Executive Director $96,538 $88,069 2024
Faith In Action Of Bloomington Normal IL$275,613 Executive Director $54,923 $53,347 2024
Magoffin County Senior Citizens Inc KY$273,160 Exec Dir $42,830 $46,805 2023
Maury County Senior Citizens Inc TN$273,001 Chief Exec O $34,109 $34,509 2025
Mascoutah Senior Services IL$270,242 Director $26,772 $26,772 2023
Franklin County Senior Citizens Inc ID$283,097 Site Manager $27,950 $29,376 2024
Music For All Seasons Inc NJ$269,405 President $25,002 $22,706 2023
Jerome County Senior Citizens ID$283,745 Executive Director $49,520 $52,046 2024
Faribault Area Senior Citizens Inc MN$284,670 Executive Di $70,000 $68,337 2024
Vermont Aging Network Consortium Inc VT$267,660 Coo/cfo $41,026 $40,798 2024
Tipton Co Commission On Aging TN$285,980 Exec Director $34,165 $36,529 2023
Senior Citizens Of Fulton County Inc KY$265,059 Executive Direc $12,000 $13,114 2023
Cokeville Senior Citizen Center Inc WY$288,546 Site Director $29,562 $31,275 2024
Crescent Cities Charities Inc MD$289,816 President $4,550 $4,327 2023
Pillar Inc CO$262,834 Executive Director $82,457 $80,424 2023
Rapp At Home VA$291,247 Executive Director $63,667 $60,735 2024
Connellsville Area Senior PA$291,594 Executive Di $42,921 $42,289 2024
Senior Needs Committee Of Wells And Ogunquit ME$291,770 Director At Large $45,797 $45,308 2024
Fair Park Activity Center TN$293,399 Exc Director $45,000 $46,733 2024
People Program Inc LA$294,092 Executive Director $71,000 $77,242 2024
Centro Ramon Frade Inc PR$258,115 Executive Director $30,275 $34,040 2021
Martin County Senior Citizens Corporation KY$296,836 Director $35,624 $37,814 2024
Silver Horizons New Mexico Inc NM$297,096 Executive Dir. $74,380 $79,039 2024
Richland County Commission On Aging MT$255,674 Administrator $40,856 $42,390 2025
Corbin Senior Citizens Inc KY$297,677 Executive Director $40,574 $41,958 2025

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to IL cost of living and 2023 dollars. Click any organization to verify the figure on ProPublica.

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to IL cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default85th
Total compensation (D + F), as reported (no adjustments)81st
Reportable pay only (column D), adjusted85th
All sources (D + E + F), adjusted81st

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Michael Cobb) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 137 similarly situated organizations (Same NTEE sector (P81), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $67,049 is reasonable (approximately the 85th percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). Every figure traces to an original public filing — click any organization above to verify it on ProPublica. PeerBasis is a service of Prismind Analytics; its methodology is published, was commissioned for independent adversarial review, and discloses its own limitations. This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.