SOLUTIONS FOR LIVING INC

EIN: 043221614 501(c)(3)

STONEHAM, MA

Total Revenue
$887,447
Total Expenses
$928,674
Total Assets
$401,809
Net Assets
$358,090
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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
1994
Legal Domicile
MA
Principal Officer
MARGARET DICORI
Phone
9788575583
Tax Period
2021-07-01 to 2022-06-30

SOLUTIONS FOR LIVING INC, founded in 1994, is a small nonprofit that reported $887K in total revenue in fiscal year 2021. Revenue decreased 14% compared to the prior year.

Mission

THE ORGANIZATION PROVIDES COUNSELING AND MEDIATION SERVICES TO CHILDREN, ADOLESCENTS, AND THEIR FAMILIES.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $887,447
Investment Income $0
Other Revenue $0
TOTAL REVENUE $887,447

Expense Breakdown

Grants Paid $0
Salaries & Benefits $724,619
Fundraising Expenses $0
Program Expenses $776,749
Other Expenses $204,055
TOTAL EXPENSES $928,674

Year-over-Year Comparison

2021 2020 Change
Revenue $887,447 $1,032,513 -0.1%
Expenses $928,674 $957,487 0.0%
Net Income $-41,227 $75,026 -1.5%
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

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Governance

Voting Members
4
Independent Members
2
Employees
16
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
2
$59,727
Total Directors
4
$162,579
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JEANNE SCHWALBACH CLINICAL DIR 39.50
Director
$96,159 $6,693 $102,852
MARGARET DICORI DIRECTOR AND 18.00
Officer Director
$59,727 $0 $59,727
MARC BEDINE PRESIDENT & 2.00
Officer Director
$0 $0 $0
ZACH BEDINE DIRECTOR 1.00
Director
$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
2022 $887,447 $928,674 $401,809 $-41,227
2021 $1,032,513 $957,487 $500,608 $75,026
2020 $1,077,987 $975,408 $425,549 $102,579
2019 $989,446 $943,819 $302,422 $45,627
2018 $1,009,118 $934,305 $296,185 $74,813
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