SCANDINAVIAN HOME INC (EIN 050262584) - Form 990 Financial Analysis & Trantor Score

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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

1930

Legal Domicile

Principal Officer

SUZANNE CESANA

Phone

4014611433

Tax Period

2024-01-01 to 2024-12-31

SCANDINAVIAN HOME INC, founded in 1930, is a community nonprofit in the Health Care sector that reported $6.4M in total revenue in fiscal year 2024. Revenue fell 32% from the prior year — a significant decline worth monitoring. Expenses of $7.9M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE EXCELLENT COMPASSIONATE INNOVATIVE CARE, HOUSING, AND RELATED SERVICES TO THE ELDERLY IN ORDER TO ATTAIN OPTIMAL WELLNESS AND QUALITY OF LIFE.

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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 $236,036

Program Service Revenue $4,170,230

Investment Income $2,009,292

Other Revenue $18,080

TOTAL REVENUE $6,433,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,595,343

Fundraising Expenses $0

Program Expenses $6,571,748

Other Expenses $3,275,211

TOTAL EXPENSES $7,870,554

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,433,638	$9,509,216	-0.3%
Expenses	$7,870,554	$11,012,336	-0.3%
Net Income	$-1,436,916	$-1,503,120	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

131

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

$320,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOEL JOHNSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
PAUL SWANSON	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
RONALD S OHSBERG	SECRETARY	1.00	Officer Director	$0	$0	$0
WAYNE KEZIRIAN	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL CALITRI	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE 'KATE' DESIMONE	DIRECTOR	1.00	Director	$0	$0	$0
DONALD FORSTER	DIRECTOR	1.00	Director	$0	$0	$0
JULIE GOULET	DIRECTOR	1.00	Director	$0	$0	$0
PAUL JONES	DIRECTOR	1.00	Director	$0	$0	$0
SAMANTHA MCCARTHY	DIRECTOR	1.00	Director	$0	$0	$0
LEIF RESLOW	DIRECTOR	1.00	Director	$0	$0	$0
ALLEN R WATERS	DIRECTOR	1.00	Director	$0	$0	$0
CONSTANCE JAQUITH	DIRECTOR OF FINANCE	40.00	Officer	$142,291	$11,983	$154,274
COLETTE SILVERMAN	EXECUTIVE DIRECTOR (THRU 12/24)	40.00	Officer	$160,738	$5,092	$165,830
SUZANNE CESANA	ADMINISTRATOR	40.00	Highest	$138,488	$8,732	$147,220
DEBBIE CAMARA	DIRECTOR OF NURSING	40.00	Highest	$117,823	$1,865	$119,688
SUSAN INTOCCIA	RN MANAGER- INFECTION CONT	40.00	Highest	$102,968	$1,271	$104,239

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	$6,433,638	$7,870,554	$6,562,486	$-1,436,916
2023	$9,509,216	$11,012,336	$11,606,562	$-1,503,120
2022	$9,574,008	$10,745,278	$12,534,198	$-1,171,270
2021	$11,446,395	$10,231,967	$16,033,569	$1,214,428
2020	$9,195,223	$10,325,150	$16,252,030	$-1,129,927
2019	$10,509,861	$10,366,128	$15,395,247	$143,733
2018	$9,682,524	$10,476,197	$15,076,131	$-793,673

SCANDINAVIAN HOME INC