HOME FOR AGED WOMEN IN SALEM (EIN 042104318) - 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

1861

Legal Domicile

Principal Officer

MARTHA RYAN

Phone

9787402493

Tax Period

2024-01-01 to 2024-12-31

HOME FOR AGED WOMEN IN SALEM, founded in 1861, is a community nonprofit that reported $2.9M in total revenue in fiscal year 2024. The organization ran a surplus of $720K, a strong 25% operating margin.

Mission

TO OFFER RESIDENTIAL CARE FOR SENIOR WOMEN.

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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 $273,496

Program Service Revenue $2,377,023

Investment Income $228,921

Other Revenue $0

TOTAL REVENUE $2,879,440

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,510,316

Fundraising Expenses $0

Program Expenses $1,635,268

Other Expenses $649,517

TOTAL EXPENSES $2,159,833

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,879,440	$2,711,196	+0.1%
Expenses	$2,159,833	$1,977,402	+0.1%
Net Income	$719,607	$733,794	0.0%

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

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

$127,639

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH KANE	ADMINISTRATOR	40.00	Officer	$127,639	$0	$127,639
MARTHA RYAN	PRESIDENT	5.00	Officer Director	$0	$0	$0
MARLENE SCHAEDLE	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
KEVIN DALY	TREASURER	5.00	Officer Director	$0	$0	$0
MARJORIE WITTNER	SECRETARY	5.00	Officer Director	$0	$0	$0
TOM CRANE	DIRECTOR	5.00	Director	$0	$0	$0
BECKY PUTNAM	DIRECTOR	5.00	Director	$0	$0	$0
MARY OPIDEE	DIRECTOR	5.00	Director	$0	$0	$0
STANLEY USOVICZ	DIRECTOR	5.00	Director	$0	$0	$0
PATRICIA RUGGIERO	DIRECTOR	5.00	Director	$0	$0	$0
DR JOANNA DUBY	DIRECTOR (JOINED 8/24)	5.00	Director	$0	$0	$0

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	$2,879,440	$2,159,833	$7,947,094	$719,607
2023	$2,711,196	$1,977,402	$6,720,128	$733,794
2022	$2,439,409	$1,890,444	$5,562,737	$548,965
2021	$2,113,528	$1,704,522	$6,045,657	$409,006
2020	$1,843,167	$1,652,928	$5,497,612	$190,239
2019	$1,790,309	$1,492,587	$4,882,535	$297,722
2018	$1,709,122	$1,437,985	$4,043,984	$271,137

HOME FOR AGED WOMEN IN SALEM