WALTHAM, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
HOME CARE - SPRINGWELL CONTRACTS WITH THE MASSACHUSETTS EXECUTIVE OFFICE OF HEALTH AND HUMAN SERVICES/ EXECUTIVE OFFICE OF AGING & INDEPENDENCE TO PROVIDE CASE MANAGEMENT AND IN-HOME CARE TO OLDER...
HOME CARE - SPRINGWELL CONTRACTS WITH THE MASSACHUSETTS EXECUTIVE OFFICE OF HEALTH AND HUMAN SERVICES/ EXECUTIVE OFFICE OF AGING & INDEPENDENCE TO PROVIDE CASE MANAGEMENT AND IN-HOME CARE TO OLDER ADULTS WHO ARE AT RISK OF NURSING HOME PLACEMENT. SPRINGWELL CARE MANAGERS AND RNS MEET WITH INDIVIDUALS IN THEIR HOMES, CONDUCT COMPREHENSIVE ASSESSMENTS, DETERMINE ELIGIBILITY FOR GOVERNMENT SUBSIDIZED PROGRAMS, AND HELP INDIVIDUALS DETERMINE WHICH IN-HOME SERVICES PROVIDE THE NECESSARY SUPPORT. IN-HOME SERVICES INCLUDE SUPPORT WITH DRESSING, TOILETING, BATHING, EATING, GROCERY SHOPPING, LAUNDRY AND HOMEMAKING. SPRINGWELL PROVIDES CASE MANAGEMENT AND IN-HOME CARE THROUGH THE MASSACHUSETTS' STATE HOME CARE PROGRAM, THE MASSACHUSETTS ENHANCED COMMUNITY OPTIONS PROGRAM AND THE MASSACHUSETTS COMMUNITY CHOICES PROGRAM.SPRINGWELL'S HOME CARE PROGRAMS SERVED 4,280 INDIVIDUALS IN FISCAL YEAR 2025.
NUTRITION AND COMMUNITY SERVICES: AS THE AREA'S DESIGNATED AREA AGENCY ON AGING (AAA) SPRINGWELL IS RESPONSIBLE FOR DEVELOPING COMPREHENSIVE, COMMUNITY-BASED SERVICES THAT MEET THE NEEDS OF OLDER...
NUTRITION AND COMMUNITY SERVICES: AS THE AREA'S DESIGNATED AREA AGENCY ON AGING (AAA) SPRINGWELL IS RESPONSIBLE FOR DEVELOPING COMPREHENSIVE, COMMUNITY-BASED SERVICES THAT MEET THE NEEDS OF OLDER ADULTS. THE GOAL OF THESE SERVICES IS TO HELP INDIVIDUALS LEAD INDEPENDENT, MEANINGFUL AND DIGNIFIED LIVES IN THEIR OWN HOMES AND COMMUNITIES FOR AS LONG AS POSSIBLE WHILE AT THE SAME TIME SAVING MONEY THAT WOULD OTHERWISE NEED TO BE SPENT ON MORE EXPENSIVE RESIDENTIAL CARE IN A FACILITY. SPRINGWELL OFFERS SERVICES SUCH AS HELP WITH APPLYING FOR PUBLIC BENEFITS, GROCERY SHOPPING ASSISTANCE, FRIENDLY VISITING, AND HOME DELIVERED MEALS.SPRINGWELL'S COMMUNITY SERVICES PROGRAMS SERVED 8,961 INDIVIDUALS IN FISCAL YEAR 2025.SPRINGWELL PROVIDES NUTRITIONAL SERVICES TO INDIVIDUALS IN THE AREA THROUGH A HOME DELIVERED MEALS PROGRAM AND AT 17 COMMUNITY DINING SITES. THESE PROGRAMS PROVIDE BOTH A NUTRITIOUS MEAL AND AN OPPORTUNITY TO SOCIALIZE WITH NEIGHBORS. SPRINGWELL'S MEAL OPTIONS INCLUDE A REGULAR MEAL, A MEDICALLY TAILORED MEAL, A SUPPER MEAL, FROZEN MEALS FOR WEEKENDS AND HOLIDAYS, AS WELL AS KOSHER AND CHINESE MEALS.SPRINGWELL'S NUTRITION PROGRAM SERVED 3,230 INDIVIDUALS IN FISCAL YEAR 2025.
PROTECTIVE SERVICES: IN ANY COMMUNITY, THERE ARE OLDER ADULTS WHO SUFFER FROM ABUSE, NEGLECT AND FINANCIAL EXPLOITATION BY A CAREGIVER. IN ADDITION, THERE ARE OLDER ADULTS WHO PUT THEMSELVES AT RISK...
PROTECTIVE SERVICES: IN ANY COMMUNITY, THERE ARE OLDER ADULTS WHO SUFFER FROM ABUSE, NEGLECT AND FINANCIAL EXPLOITATION BY A CAREGIVER. IN ADDITION, THERE ARE OLDER ADULTS WHO PUT THEMSELVES AT RISK BY NOT CARING FOR THEMSELVES IN A WAY THAT PROVIDES FOR THEIR SAFETY. SPRINGWELL IS THE DESIGNATED ELDER PROTECTIVE SERVICES AGENCY FOR 17 COMMUNITIES WEST OF BOSTON. IN THIS ROLE, SPRINGWELL PROTECTIVE SERVICES CASE WORKERS INVESTIGATE REPORTS OF ABUSE AND NEGLECT, AND OFFER COUNSELING, SAFETY PLANNING AND LEGAL INTERVENTION WHEN NECESSARY TO INCREASE THE SAFETY OF A SENIOR. SPRINGWELL'S PROTECTIVE SERVICES PROGRAM SERVED 1,658 INDIVIDUALS IN FISCAL YEAR 2025.
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 | $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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
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