SPRINGWELL INC (EIN 042616064) - 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

1976

Legal Domicile

Principal Officer

PATRICIA SCHEFFLER

Phone

6179264100

Tax Period

2024-07-01 to 2025-06-30

SPRINGWELL INC, founded in 1976, is a major nonprofit in the Human Services sector that reported $119.5M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

SPRINGWELL HELPS INDIVIDUALS IMPROVE THEIR QUALITY OF LIFE AND REDUCE THEIR NEED FOR RESIDENTIAL CARE BY HELPING THEM ACCESS COMMUNITY RESOURCES. SPRINGWELL WORKS WITH INDIVIDUALS DIRECTLY AS WELL AS WITH GOVERNMENT AGENCIES, HEALTH PROVIDERS AND HOUSING ENTITIES TO IMPROVE THEIR PATIENTS AND RESIDENTS' HEALTH AND SATISFACTION, WHILE REDUCING THE COSTS ASSOCIATED WITH CARE. CARE MANAGERS AND RNS CONDUCT COMPREHENSIVE IN-HOME ASSESSMENTS, IDENTIFY SUPPORTS, ACCESS SUPPORTS AND, WHERE APPROPRIATE, COORDINATE SERVICES. IN-HOME SERVICES PROVIDED INCLUDE ASSISTANCE WITH PERSONAL CARE SUCH AS BATHING, DRESSING AND TOILETING, ASSISTANCE WITH HOMEMAKING, GROCERY SHOPPING AND LAUNDRY.

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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 $437,551

Program Service Revenue $118,135,571

Investment Income $890,876

Other Revenue $0

TOTAL REVENUE $119,463,998

Expense Breakdown

Grants Paid $94,492,629

Salaries & Benefits $18,467,897

Fundraising Expenses $131,594

Program Expenses $113,478,976

Other Expenses $3,613,912

TOTAL EXPENSES $116,574,438

Year-over-Year Comparison

	2024	2023	Change
Revenue	$119,463,998	$109,385,134	+0.1%
Expenses	$116,574,438	$104,487,186	+0.1%
Net Income	$2,889,560	$4,897,948	-0.4%

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

305

Volunteers

474

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

$958,097

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HARRIET MERKOWITZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
JEFFREY LELAND	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
JOE BISOL	TREASURER	1.00	Officer Director	$0	$0	$0
EILEEN HSU-BALZER	CLERK	1.00	Officer Director	$0	$0	$0
LAURA SHAW	DIRECTOR	1.00	Director	$0	$0	$0
NAOMI KRASNER	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN ZAFRON	DIRECTOR	1.00	Director	$0	$0	$0
ANN COSGROVE	DIRECTOR	1.00	Director	$0	$0	$0
JUDITH CHASIN	DIRECTOR	1.00	Director	$0	$0	$0
JANE SHAPIRO	DIRECTOR	1.00	Director	$0	$0	$0
LARRY GRIFFIN	DIRECTOR	1.00	Director	$0	$0	$0
ROSEMARY BALADY	DIRECTOR	1.00	Director	$0	$0	$0
JOEL BAUMAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUGLAS PECK	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA SHAW	DIRECTOR	1.00	Director	$0	$0	$0
SALLY TIPTON	DIRECTOR (UNTIL 7/2024)	1.00	Director	$0	$0	$0
GERALD O'KEEFE	DIRECTOR (UNTIL 11/2024)	1.00	Director	$0	$0	$0
PATRICIA SCHEFFLER	CEO	38.00	Officer	$203,816	$33,279	$237,095
KARA DONELLON	CFO	38.00	Officer	$169,540	$24,750	$194,290
KRISTEN LETOURNEAU-LUCE	COO	38.00	Officer	$129,417	$28,944	$158,361
LAURA OBERLANDER	CHIEF PROGRAM DEVELOPMENT OFFICER	38.00	Officer	$107,223	$18,446	$125,669
SARAH HUBBARD	CHRO	38.00	Officer	$111,521	$10,234	$121,755
BETH SCHULTZ	CHIEF COMMUNITY ENGAGEMENT OFFICER	30.00	Officer	$110,123	$10,804	$120,927
ARTHUR AVAKIAN	DIRECTOR OF IT	38.00	Highest	$123,952	$30,134	$154,086
ANDREW MOORADIAN	IT SYSTEMS MANAGER	38.00	Highest	$114,043	$18,672	$132,715
JENNIFER DARBY	ASSOC DIR OF COMMUNITY SERVICES	38.00	Highest	$100,901	$13,664	$114,565

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	$119,463,998	$116,574,438	$43,740,559	$2,889,560
2024	$109,385,134	$104,487,186	$48,500,100	$4,897,948
2023	$98,073,652	$94,603,557	$43,286,662	$3,470,095
2022	$61,604,301	$59,026,851	$26,869,035	$2,577,450
2021	$51,833,689	$49,912,348	$23,019,805	$1,921,341
2020	$49,797,029	$47,991,934	$21,002,244	$1,805,095
2019	$46,533,750	$45,429,437	$18,597,712	$1,104,313

SPRINGWELL INC