Greater Seacoast Community Health (EIN 020304203) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1971

Legal Domicile

Principal Officer

Jocelyn Caple

Phone

6037492346

Tax Period

2024-01-01 to 2024-12-31

Greater Seacoast Community Health, founded in 1971, is a mid-sized nonprofit in the Health Care sector that reported $21.2M in total revenue in fiscal year 2024.

Mission

To deliver innovative, compassionate, integrated health services and support that are accessible to all in our community, regardless of ability to pay.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,580,184

Program Service Revenue $13,073,022

Investment Income $420,864

Other Revenue $144,989

TOTAL REVENUE $21,219,059

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,267,070

Fundraising Expenses $589,024

Program Expenses $18,274,855

Other Expenses $6,336,615

TOTAL EXPENSES $21,603,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,219,059	$21,452,352	0.0%
Expenses	$21,603,685	$22,177,616	0.0%
Net Income	$-384,626	$-725,264	-0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

293

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$427,915

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jennifer Glidden	Chair	1.00	Officer Director	$0	$0	$0
Dennis Veilleux	Vice Chair	1.00	Officer Director	$0	$0	$0
Jim Sepanski	Treasurer	1.00	Officer Director	$0	$0	$0
Christine Perkins	Secretary	1.00	Officer Director	$0	$0	$0
Laura Belsky	Board Member	1.00	Director	$0	$0	$0
Andrea Borowiecki	Board Member	1.00	Director	$0	$0	$0
Jake Erricolo	Board Member	1.00	Director	$0	$0	$0
Jody Hoffer Gittell	Board Member	1.00	Director	$0	$0	$0
Salih Ileri	Board Member	1.00	Director	$0	$0	$0
Tim McNamara	Board Member	1.00	Director	$0	$0	$0
Allison Mulligan	Board Member	1.00	Director	$0	$0	$0
Marrielle Van Rossum	Board Member	1.00	Director	$0	$0	$0
Kathy Scheu	Board Member	1.00	Director	$0	$0	$0
Jeffrey Segil MD	Board Member	1.00	Director	$0	$0	$0
Erin Ross	Chief Financial Officer	43.00	Officer	$178,817	$7,332	$186,149
James Avrett	Chief Executive Officer	40.00	Officer	$225,000	$16,766	$241,766
Joann Buonomano	Chief Medical Officer	40.00	Highest	$279,224	$17,172	$296,396
Kevin Zent	Site Medical Director	40.00	Highest	$262,219	$29,455	$291,674
Kelley McLaughlin	Dentist	36.00	Highest	$212,729	$9,540	$222,269
Pamela Udomprasert	Pediatrician	40.00	Highest	$212,685	$22,514	$235,199
Michael Samaan	Physician	40.00	Highest	$212,176	$11,631	$223,807
Janet Laatsch	Former Chief Executive Officer	0.00		$110,140	$624	$110,764

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$21,219,059	$21,603,685	$23,957,112	$-384,626
2023	$21,452,352	$22,177,616	$24,312,463	$-725,264
2022	$22,503,543	$23,070,651	$25,560,052	$-567,108
2021	$25,228,207	$22,322,804	$22,270,330	$2,905,403
2020	$22,784,662	$20,419,876	$20,298,273	$2,364,786
2019	$19,874,176	$19,575,259	$15,722,262	$298,917

Greater Seacoast Community Health