SAUGATUCKET SPRINGS 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

2002

Legal Domicile

Principal Officer

FRANK SHEA

Phone

4019415900

Tax Period

2024-07-01 to 2025-06-30

SAUGATUCKET SPRINGS INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $577K in total revenue in fiscal year 2024. Expenses of $745K exceeded revenue, resulting in a 29% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED IN THE HOPKINTON, RI AREA UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.

Program Service Accomplishments

Program 1

Expenses: $652,593 Revenue: $300,066

PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED IN THE HOPKINTON, RI AREA UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. OWNS AND OPERATES A 53 UNIT APARTMENT COMPLEX.

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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 (2024)

Revenue Breakdown

Contributions & Grants $275,392

Program Service Revenue $300,066

Investment Income $1,941

Other Revenue $0

TOTAL REVENUE $577,399

Expense Breakdown

Grants Paid $0

Salaries & Benefits $163,614

Fundraising Expenses $0

Program Expenses $652,593

Other Expenses $581,530

TOTAL EXPENSES $745,144

Year-over-Year Comparison

	2024	2023	Change
Revenue	$577,399	$566,826	+0.0%
Expenses	$745,144	$733,032	+0.0%
Net Income	$-167,745	$-166,206	+0.0%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANK SHEA	PRESIDENT	1.00	Officer	$0	$0	$0
VICKIE WALTERS	VICE PRESIDENT	0.50	Officer	$0	$0	$0
MICHELLE BROPHY	SECRETARY	0.50	Officer	$0	$0	$0
LARRY KELLAM	TREASURER	0.50	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
2025	$577,399	$745,144	$4,350,593	$-167,745
2024	$566,826	$733,032	$4,511,716	$-166,206
2023	$496,562	$689,158	$4,758,790	$-192,596
2021	$457,043	$636,912	$5,034,094	$-179,869
2020	$465,677	$640,631	$5,209,829	$-174,954
2019	$453,786	$645,386	$5,400,800	$-191,600