SOMERVILLE, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
THE COMMUNITY CHOICES PROGRAM PROVIDED HOME CARE SUPPORT IN FY2025 FOR 1,974 ELDERS WHO ARE ELIGIBLE FOR MASS HEALTH COVERAGE AND AT RISK OF PLACEMENT IN A LONG-TERM FACILITY. THIS PROGRAM IS...
THE COMMUNITY CHOICES PROGRAM PROVIDED HOME CARE SUPPORT IN FY2025 FOR 1,974 ELDERS WHO ARE ELIGIBLE FOR MASS HEALTH COVERAGE AND AT RISK OF PLACEMENT IN A LONG-TERM FACILITY. THIS PROGRAM IS SUPPORTED PRIMARILY BY MEDICAID FUNDING.
ADULT FAMILY CARE PROVIDED COMPENSATION AND SUPPORT TO INFORMAL CAREGIVERS, ALLOWING INDIVIDUALS WITH DISABILITY TO RECEIVE CARE AT HOME. THE PROGRAM IS SUPPORTED PRIMARILY BY MEDICAID FUNDING. THE...
ADULT FAMILY CARE PROVIDED COMPENSATION AND SUPPORT TO INFORMAL CAREGIVERS, ALLOWING INDIVIDUALS WITH DISABILITY TO RECEIVE CARE AT HOME. THE PROGRAM IS SUPPORTED PRIMARILY BY MEDICAID FUNDING. THE PROGRAM PROVIDED SERVICES TO 250 INDIVIDUALS IN FY2025.
THE HOME CARE PROGRAM PROVIDED SERVICES IN FY2025 TO 13,347 OLDER RESIDENTS OF CAMBRIDGE AND SOMERVILLE WHO NEED ASSISTANCE SO THEY MAY CONTINUE TO LIVE INDEPENDENTLY AND SAFELY AT HOME. DEPENDING ON...
THE HOME CARE PROGRAM PROVIDED SERVICES IN FY2025 TO 13,347 OLDER RESIDENTS OF CAMBRIDGE AND SOMERVILLE WHO NEED ASSISTANCE SO THEY MAY CONTINUE TO LIVE INDEPENDENTLY AND SAFELY AT HOME. DEPENDING ON INCOME AND ELIGIBILITY, SERVICES MAY BE STATE-SUBSIDIZED. THE PROGRAM IS FUNDED PRIMARILY BY STATE CONTRACTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare SOMERVILLE-CAMBRIDGE ELDER SERVICES INCORPORATED with other nonprofits in Massachusetts and across the country.