SALEM COMMUNITY CORPORATION (EIN 042696489) - 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

1974

Legal Domicile

Principal Officer

ANDREW FREILICH

Phone

5088522670

Tax Period

2023-01-01 to 2023-12-31

SALEM COMMUNITY CORPORATION, founded in 1974, is a mid-sized nonprofit in the Human Services sector that reported $25.5M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOUSING AND SUPPORT TO ITS RESIDENTS AND OTHER SENIORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,776,609

Program Service Revenue $22,195,328

Investment Income $275,816

Other Revenue $235,799

TOTAL REVENUE $25,483,552

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,481,648

Fundraising Expenses $0

Program Expenses $23,857,393

Other Expenses $17,505,705

TOTAL EXPENSES $26,987,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,483,552	$22,944,953	+0.1%
Expenses	$26,987,353	$24,201,197	+0.1%
Net Income	$-1,503,801	$-1,256,244	+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

346

Volunteers

100

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

$139,998

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN DURHAM	DIRECTOR	1.00	Director	$0	$0	$0
PETER SMITH	DIRECTOR (JOINED IN 2023)	1.00	Director	$0	$0	$0
RICHARD WHITTEN	DIRECTOR	1.00	Director	$0	$0	$0
KAREN JOHNSON	TREASUER	1.00	Officer Director	$0	$0	$0
PAUL FAVULLI	DIRECTOR	1.00	Director	$0	$0	$0
GARTH JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KARL N BJORK	DIRECTOR (RESIGNED 4/2023)	1.00	Director	$0	$0	$0
DR SARAH MCGEE	DIRECTOR	1.00	Director	$0	$0	$0
GAIL MORGAN	PRESIDENT	3.00	Officer Director	$0	$0	$0
ROBERT LONGDEN	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
EMILY STARR	DIRECTOR	1.00	Director	$0	$0	$0
LOUIS SWAN	CLERK	1.00	Officer Director	$0	$0	$0
ANITA THOMAS	DIRECTOR	1.00	Director	$0	$0	$0
PETER VILES	DIRECTOR (RESIGNED IN 2023)	1.00	Director	$0	$0	$0
STEPHEN M PITCHER	DIRECTOR (RESIGNED 4/2023)	1.00	Director	$0	$0	$0
JOSEPH WETTON	DIRECTOR	1.00	Director	$0	$0	$0
HOLLY STEVENS	CONTROLLER	40.00	Officer	$114,108	$25,890	$139,998
NATALYA LESHCHINER	CFO	1.00	Officer	$0	$0	$0
MELISSA FERGUSON	NURSING ADMINISTRATOR	40.00	Highest	$136,867	$36,741	$173,608
PATRICIA FOLEY-MARTEL	NURSING HOME ADMINISTRATOR	40.00	Highest	$131,768	$12,498	$144,266
DANIELLE RUTH	DIRECTOR OF SALES	40.00	Highest	$125,432	$2,509	$127,941
EDWARD MURPHY	ASSISTED LIVING SERVICES	40.00	Highest	$117,322	$0	$117,322
NANCY BEGIN	SALES AND MARKETING	40.00	Highest	$114,557	$5,697	$120,254

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
2024	No data	No data	No data	No data
2023	$25,483,552	$26,987,353	$73,629,717	$-1,503,801
2022	$22,944,953	$24,201,197	$72,117,974	$-1,256,244
2021	$20,062,867	$21,274,508	$69,833,808	$-1,211,641
2020	$20,357,157	$20,406,463	$70,932,425	$-49,306
2019	$17,602,159	$17,354,409	$68,098,832	$247,750
2018	$17,075,174	$16,230,847	$49,528,421	$844,327

SALEM COMMUNITY CORPORATION