SPRINGHOUSE INC

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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

1992

Legal Domicile

Principal Officer

KENNETH BROOKS

Phone

9259247100

Tax Period

2023-01-01 to 2023-12-31

SPRINGHOUSE INC, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $8.8M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

TO OPERATE A RETIREMENT COMMUNITY CONSISTING OF 52 INDEPENDENT LIVING UNITS, 61 ASSISTED LIVING, UNITS AND 22 DEMENTIA ASSISTED LIVING UNITS.

Program Service Accomplishments

Program 1

Expenses: $7,271,864 Revenue: $8,240,201

PROVIDING SERVICES TO RESIDENTS INCLUDING ASSISTED LIVING, INDEPENDENT LIVING, CLINICAL SERVICES, MEALS, SOCIAL & CULTURAL ACTIVITIES, HOUSEKEEPING, AND OTHER SERVICES, ALL OF WHICH FURTHER THEIR...

PROVIDING SERVICES TO RESIDENTS INCLUDING ASSISTED LIVING, INDEPENDENT LIVING, CLINICAL SERVICES, MEALS, SOCIAL & CULTURAL ACTIVITIES, HOUSEKEEPING, AND OTHER SERVICES, ALL OF WHICH FURTHER THEIR EXEMPT PURPOSE. LOCATED IN BOSTON, MA THE ORGANIZATION HAS 52 INDEPENDENT LIVING UNITS, 61 ASSISTED LIVING, UNITS AND 22 DEMENTIA ASSISTED LIVING UNITS.

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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 $500

Program Service Revenue $8,257,951

Investment Income $549,187

Other Revenue $0

TOTAL REVENUE $8,807,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,309,418

Fundraising Expenses $0

Program Expenses $7,271,864

Other Expenses $4,300,144

TOTAL EXPENSES $8,609,562

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,807,638	$10,693,230	-0.2%
Expenses	$8,609,562	$7,898,423	+0.1%
Net Income	$198,076	$2,794,807	-0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGIA BUCK	DIRECTOR	2.00	Director	$0	$0	$0
JULIE TABERMAN	CLERK	2.00	Officer Director	$0	$0	$0
KENNETH BROOKS	PRESIDENT	2.00	Officer Director	$0	$0	$0
MINDY SPITZ	TREASURER/VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
PAUL HOLLINGS	DIRECTOR	2.00	Director	$0	$0	$0
YAN LIN	DIRECTOR	2.00	Director	$0	$0	$0
KAREN POLLACK	SALES DIRECTOR	40.00	Highest	$120,679	$10,692	$131,371

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	$8,807,638	$8,609,562	$37,837,469	$198,076
2022	$10,693,230	$7,898,423	$35,790,682	$2,794,807
2021	$9,492,146	$7,470,878	$37,736,932	$2,021,268
2020	$8,015,522	$7,574,197	$35,511,858	$441,325
2019	$8,761,785	$7,017,490	$34,591,045	$1,744,295
2018	$8,545,462	$6,967,370	$31,386,154	$1,578,092