South Shore Mental Health Center Inc (EIN 042677185) - 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

1979

Legal Domicile

Principal Officer

Susan Coakley

Phone

6178471950

Tax Period

2024-07-01 to 2025-06-30

South Shore Mental Health Center Inc, founded in 1979, is a mid-sized nonprofit in the Mental Health sector that reported $44.9M in total revenue in fiscal year 2024.

Mission

South Shore Mental Health d/b/a Aspire Health Alliance is a private, non-profit organization providing developmental and behavioral health services across the span of ages from children, teens, adults and seniors. Founded in 1926, we have nearly 550 employees providing early intervention and mental health treatment and recovery programs reaching 5,500 residents across the South Shore of Massachusetts. Our services include outpatient clinics in Braintree, Quincy and Marshfield. We also offer services along the continuum of care including day treatment, intensive wrap-around services, residential services, and crisis services. Aspire is a state designated Community Behavioral Health Center for our region. In addition, we provide child and family services in the home, school, childcare center, group residence and other community settings.

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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 $74,257

Program Service Revenue $44,475,741

Investment Income $321,519

Other Revenue $0

TOTAL REVENUE $44,871,517

Expense Breakdown

Grants Paid $0

Salaries & Benefits $35,295,005

Fundraising Expenses $0

Program Expenses $39,355,729

Other Expenses $12,217,123

TOTAL EXPENSES $47,512,128

Year-over-Year Comparison

	2024	2023	Change
Revenue	$44,871,517	$43,157,772	+0.0%
Expenses	$47,512,128	$45,344,762	+0.0%
Net Income	$-2,640,611	$-2,186,990	+0.2%

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

671

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

$359,676

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kelly K Largey	Chairperson	0.60	Officer Director	$0	$0	$0
Paul G Curtis	Past Chairperson	0.40	Officer Director	$0	$0	$0
Pamela D Whelton	Vice Chairperson	0.70	Officer Director	$0	$0	$0
Robert P Murray	Clerk	0.30	Officer Director	$0	$0	$0
Chris Fitzgerald	Director	0.20	Director	$0	$0	$0
Nadja Lopez	Director	0.20	Director	$0	$0	$0
Anna Marie McReynolds	Director (Until 10/24)	0.00	Director	$0	$0	$0
Gene O'Neill	Director	0.10	Director	$0	$0	$0
Lauren Payne	Director	0.20	Director	$0	$0	$0
William J Phelan	Director	0.20	Director	$0	$0	$0
Sandra Slavet	Director	0.20	Director	$0	$0	$0
Toiya L Taylor	Director	0.10	Director	$0	$0	$0
Susan Coakley	President/CEO (Eff. 10/24)	50.00	Officer	$72,693	$0	$72,693
Minghui Johnson	Treasurer/CFO	50.00	Officer	$268,962	$18,021	$286,983
Dr Andres Chaparro Rincon	Medical Director & Chief Psychiatrist	40.00	Highest	$350,118	$6,100	$356,218
Janice Sullivan	Interim CEO/Chief Strat & Comm Officer (Eff 10/24)	50.00	Highest	$248,254	$29,838	$278,092
Kristen Woodbury	COO & Chief of Community Programs	40.00	Highest	$239,516	$3,000	$242,516
Shawn Fernandes	Chief Info and Admin Officer	40.00	Highest	$237,033	$3,000	$240,033
Marybeth Hasenfuss	Chief Human Resource Officer	40.00	Highest	$215,376	$19,837	$235,213

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	$44,871,517	$47,512,128	$34,890,664	$-2,640,611
2024	$43,157,772	$45,344,762	$28,407,923	$-2,186,990
2023	$49,514,373	$46,205,808	$33,506,787	$3,308,565
2022	$42,228,663	$42,782,844	$16,592,400	$-554,181
2021	$46,239,209	$42,586,679	$21,935,221	$3,652,530
2020	$45,408,688	$45,379,519	$20,894,843	$29,169
2019	$43,579,152	$43,436,292	$12,323,600	$142,860
2018	$36,597,927	$36,723,618	$12,300,556	$-125,691

South Shore Mental Health Center Inc