Danvers Management Systems Inc (EIN 043080765) - 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

1990

Legal Domicile

Principal Officer

William C Jones Jr

Phone

4134472996

Tax Period

2023-01-01 to 2023-12-31

Danvers Management Systems Inc, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $12.8M in total revenue in fiscal year 2023.

Mission

Skilled nursing facility

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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 $0

Program Service Revenue $12,737,094

Investment Income $291

Other Revenue $63,976

TOTAL REVENUE $12,801,361

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,253,157

Fundraising Expenses $0

Program Expenses $12,311,259

Other Expenses $8,367,142

TOTAL EXPENSES $13,620,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,801,361	$12,664,317	+0.0%
Expenses	$13,620,299	$12,463,822	+0.1%
Net Income	$-818,938	$200,495	-5.1%

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

110

Volunteers

N/A

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

$802,812

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William C Jones Jr	President & CEO	1.75	Officer	$0	$80,787	$802,812
Sharon J Spittle	Administrator	40.00		$168,173	$12,295	$180,468
Hannah Kiaraho	LPN (blend)	52.00		$118,073	$27,538	$145,611
Loise Wangoe	LPN (blend)	58.00		$130,533	$13,629	$144,162
Gail Paradiso	LPN (unit mgr)	42.00		$123,086	$12,246	$135,332
Nicole Kotsovilis	Qlty Imp Inf Con	42.00		$127,386	$0	$127,386
Marcie Gingras	Clerk	0.00	Officer	$0	$0	$0

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	$12,801,361	$13,620,299	$6,197,412	$-818,938
2022	$12,664,317	$12,463,822	$6,053,741	$200,495
2021	$8,956,187	$10,664,641	$4,902,081	$-1,708,454
2020	$12,089,775	$12,625,356	$5,372,096	$-535,581
2019	$9,578,021	$11,079,105	$5,957,732	$-1,501,084
2018	$9,176,402	$10,612,931	$5,692,530	$-1,436,529

Danvers Management Systems Inc