SPECTRUM HOME HEALTH AND HOSPICE CARE INC (EIN 043237982) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1994

Legal Domicile

Principal Officer

ADAM BERMAN

Phone

4135676211

Tax Period

2023-01-01 to 2023-12-31

SPECTRUM HOME HEALTH AND HOSPICE CARE INC, founded in 1994, is a community nonprofit in the Health Care sector that reported $2.2M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Expenses of $2.5M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE HOSPICE AND HEALTH CARE TO ELDERLY PEOPLE IN THEIR HOME.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,199,088

Investment Income $0

Other Revenue $0

TOTAL REVENUE $2,199,088

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,759,730

Fundraising Expenses $0

Program Expenses $1,557,739

Other Expenses $724,507

TOTAL EXPENSES $2,484,237

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,199,088	$2,684,412	-0.2%
Expenses	$2,484,237	$2,749,080	-0.1%
Net Income	$-285,149	$-64,668	+3.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$2,185,916

Total Directors

$750,987

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ADAM BERMAN	PRESIDENT AND CEO	1.00	Officer Director	$0	$21,326	$750,987
STUART ANFANG	CHAIR	1.00	Officer Director	$0	$0	$0
RUDY D'AGOSTINO	TREASURER	1.00	Officer Director	$0	$0	$0
CAROL CASARTELLO	CLERK	1.00	Officer Director	$0	$0	$0
SUSAN GOLDSMITH	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
CHRISTOPHER CARR	DIRECTOR	1.00	Director	$0	$0	$0
MICHELE FEINSTEIN	DIRECTOR	1.00	Director	$0	$0	$0
GERALD LAZARUS	DIRECTOR	1.00	Director	$0	$0	$0
JODI DITUSA	DIRECTOR	1.00	Director	$0	$0	$0
MARTHA FINKEL	DIRECTOR	1.00	Director	$0	$0	$0
PETER GREENBERG	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD HALPERN	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN DANE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ROSENTHAL	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN KLINE	DIRECTOR	1.00	Director	$0	$0	$0
JANE ALBERT	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL WEBER	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BERMAN	CEO EMERITUS-CHIEF PHILANTHROPY OFFICER	1.00	Officer	$0	$10,548	$903,917
ELIZABETH MULLEN	COO	1.00	Officer	$0	$8,407	$301,271
JENNIFER SANTERRE	CFO	1.00	Officer	$0	$20,813	$229,741

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	$2,199,088	$2,484,237	$679,379	$-285,149
2022	$2,684,412	$2,749,080	$920,991	$-64,668
2021	$2,491,795	$2,259,483	$823,258	$232,312
2020	$3,238,158	$2,942,123	$2,631,841	$296,035
2019	$3,626,515	$3,103,570	$2,320,007	$522,945
2018	$2,234,320	$2,197,838	$1,092,660	$36,482

SPECTRUM HOME HEALTH AND HOSPICE CARE INC