GREATER SPRINGFIELD RESIDENCES INC

🔒

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

1996

Legal Domicile

Principal Officer

LAUREN C SOLOTAR

Phone

7814400400

Tax Period

2024-07-01 to 2025-06-30

GREATER SPRINGFIELD RESIDENCES INC, founded in 1996, is a micro nonprofit in the Housing & Shelter sector that reported $83K in total revenue in fiscal year 2024. Expenses of $109K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE RESIDENCES FOR INDIVIDUALS AND FAMILIES WITH DISABILITIES DURING REHABILITATION.

Program Service Accomplishments

Program 1

Expenses: $100,088 Revenue: $82,848

THE ORGANIZATION PROVIDES HOUSING FOR INDIVIDUALS AND FAMILIES WITH DISABILITIES DURING REHABILITATION MEETING U.S. HUD INCOME CRITERIA.

🔒

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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $82,848

Investment Income $203

Other Revenue $0

TOTAL REVENUE $83,051

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,263

Fundraising Expenses $0

Program Expenses $100,088

Other Expenses $93,681

TOTAL EXPENSES $108,944

Year-over-Year Comparison

	2024	2023	Change
Revenue	$83,051	$83,170	0.0%
Expenses	$108,944	$100,181	+0.1%
Net Income	$-25,893	$-17,011	+0.5%

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

N/A

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

$926,329

Total Directors

$698,235

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAUREN C SOLOTAR	CLERK, DIRECTOR	1.00	Officer Director	$0	$137,579	$698,235
NEAL TODRYS	TREASURER, DIRECTOR	1.00	Officer Director	$0	$0	$0
RICHARD WICHMANN	PRESIDENT, DIRECTOR	1.00	Officer Director	$0	$0	$0
HEATHER BOMBARD	ASSISTANT CLERK	1.00	Officer	$0	$17,644	$99,512
NATASA VUCETIC	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$985	$128,582

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
2025	$83,051	$108,944	$419,576	$-25,893
2024	$83,170	$100,181	$424,863	$-17,011
2023	$76,297	$94,798	$447,905	$-18,501
2022	$72,786	$108,730	$467,067	$-35,944
2021	$72,796	$103,092	$492,822	$-30,296
2020	$73,705	$81,819	$497,626	$-8,114
2019	$56,158	$110,587	$509,361	$-54,429
2018	$59,970	$101,609	$529,320	$-41,639