SOMERVILLE-CAMBRIDGE ELDER SERVICES INCORPORATED (EIN 042515020) - 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

1972

Legal Domicile

Principal Officer

MARTA R CORVELO

Phone

6176282601

Tax Period

2024-07-01 to 2025-06-30

SOMERVILLE-CAMBRIDGE ELDER SERVICES INCORPORATED, founded in 1972, is a mid-sized nonprofit that reported $44.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

SOMERVILLE-CAMBRIDGE ELDER SERVICES IS A NON-PROFIT AGENCY THAT PROVIDES INFORMATION, SERVICES, AND ADVOCACY TO HELP OLDER ADULTS LIVE INDEPENDENTLY IN THE SETTING OF THEIR CHOICE. ESTABLISHED IN 1972 AS PART OF A NATIONAL MOVEMENT TOWARD PROVIDING COMMUNITY-BASED SERVICES AND SUPPORTS FOR OLDER ADULTS, OUR MISSION IS FOCUSED ON HELPING PEOPLE AGE IN PLACE, REGARDLESS OF INCOME LEVEL. WE HELP THOUSANDS OF OLDER ADULTS, CAREGIVERS, AND PEOPLE WITH DISABILITIES IN OUR SERVICE COMMUNITIES, OFTEN WORKING WITH THEM IN THEIR HOMES TO ASSESS NEEDS AND COORDINATE ASSISTANCE.

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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 $29,408,267

Program Service Revenue $14,767,056

Investment Income $477,617

Other Revenue $22,511

TOTAL REVENUE $44,675,451

Expense Breakdown

Grants Paid $77,556

Salaries & Benefits $11,842,451

Fundraising Expenses $229,999

Program Expenses $42,213,270

Other Expenses $33,140,811

TOTAL EXPENSES $45,060,818

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,675,451	$40,342,182	+0.1%
Expenses	$45,060,818	$40,190,742	+0.1%
Net Income	$-385,367	$151,440	-3.5%

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

179

Volunteers

365

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

$464,607

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDITH ROSEN	CHAIR	2.00	Officer Director	$0	$0	$0
LISA PABORSKY	VICE CHAIR	2.00	Officer Director	$0	$0	$0
BRIAN KELLEY	TREASURER	2.00	Officer Director	$0	$0	$0
AMELIA JOSELOW	CLERK	2.00	Officer Director	$0	$0	$0
DR LESLIE HERGERT	DIRECTOR (UNTIL 4/25)	1.00	Director	$0	$0	$0
JAN HOYT MATTIMOE	DIRECTOR	1.00	Director	$0	$0	$0
HELENE QUINN	DIRECTOR	1.00	Director	$0	$0	$0
JANET LEVINSON	DIRECTOR	1.00	Director	$0	$0	$0
PEARLINE HINES	DIRECTOR (UNTIL 2/25)	1.00	Director	$0	$0	$0
SUSAN PACHECO	DIRECTOR	1.00	Director	$0	$0	$0
LOIS SIMON	DIRECTOR (UNTIL 1/25)	1.00	Director	$0	$0	$0
ELLEN ELLIS	DIRECTOR (UNTIL 7/24)	1.00	Director	$0	$0	$0
HANK DELMONICO	DIRECTOR	1.00	Director	$0	$0	$0
LEO GAYNE	DIRECTOR	1.00	Director	$0	$0	$0
ARIELLE GALINSKY	DIRECTOR	1.00	Director	$0	$0	$0
ALESANDRO VIANELLO	DIRECTOR	1.00	Director	$0	$0	$0
ASHLEY SPELOITS	DIRECTOR	1.00	Director	$0	$0	$0
MARTA CORVELO	PRESIDENT AND CEO	35.00	Officer	$229,912	$31,703	$261,615
DONNA VASKELIS	CFO (UNTIL 2/2025)	35.00	Officer	$185,550	$17,442	$202,992
MATTHEW PRESTON	CFO (AS OF 5/2025)	35.00	Officer	$0	$0	$0
ROBERT WAMBOLT	INTERIM CFO (3/2025-4/2025)	35.00	Officer	$0	$0	$0
ANNE L FOWLER	CHIEF CLINICAL INTEGRATION OFFICER	35.00	Highest	$158,311	$16,465	$174,776
ANDREW BLANCHETTE	CHIEF OF STAFF	35.00	Highest	$147,064	$19,733	$166,797
COLLEEN MORRISSEY	CHIEF EXTERNAL AFFAIRS OFFICER	35.00	Highest	$136,174	$7,186	$143,360
ELLYN M TORRES	DIRECTOR OF CULTURE & PEOPLE OPERATIONS	35.00	Highest	$126,376	$21,140	$147,516
AMARTYA SAHA	CONTROLLER	35.00	Highest	$128,253	$13,396	$141,649

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
2025	$44,675,451	$45,060,818	$28,609,498	$-385,367
2024	No data	No data	No data	No data
2023	$37,413,945	$36,793,699	$26,095,413	$620,246
2022	$36,932,292	$37,434,196	$25,439,155	$-501,904
2021	$36,599,591	$34,709,585	$26,836,621	$1,890,006
2020	$38,675,079	$38,258,746	$27,064,911	$416,333
2019	$38,344,154	$38,299,029	$25,143,648	$45,125
2018	$36,526,384	$35,783,290	$19,399,894	$743,094

SOMERVILLE-CAMBRIDGE ELDER SERVICES INCORPORATED