THE STEERE HOUSE FOUNDATION (EIN 050518885) - 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

2001

Legal Domicile

Principal Officer

JOSHUA SEGAL

Phone

4014547970

Tax Period

2023-01-01 to 2023-12-31

THE STEERE HOUSE FOUNDATION, founded in 2001, is a small nonprofit that reported $161K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 1402% operating deficit.

Mission

THE MISSION OF THE STEERE HOUSE FOUNDATION IS TO SERVE THE RESTORATIVE AND LONG-TERM CARE NEEDS OF ADULTS THROUGH STEERE HOUSE NURSING & REHABILITATION CENTER BY ENCOURAGING AND FACILITATING PHILANTHROPIC GENEROSITY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $48,545

Program Service Revenue $0

Investment Income $124,305

Other Revenue $-11,640

TOTAL REVENUE $161,210

Expense Breakdown

Grants Paid $2,318,332

Salaries & Benefits $0

Fundraising Expenses $65,869

Program Expenses $2,342,257

Other Expenses $42,922

TOTAL EXPENSES $2,421,204

Year-over-Year Comparison

	2023	2022	Change
Revenue	$161,210	$260,482	-0.4%
Expenses	$2,421,204	$276,213	+7.8%
Net Income	$-2,259,994	$-15,731	+142.7%

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

$302,054

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA CANNISTRA	BOARD PRESIDENT	0.50	Officer Director	$0	$0	$0
PAUL ASTPHAN	BOARD VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
NORMA OWENS	BOARD TREASURER	0.50	Officer Director	$0	$0	$0
DIANE STEERE NOBLES	BOARD SECRETARY	0.50	Officer Director	$0	$0	$0
CAROL MCMAHON	BOARD MEMBER	0.50	Director	$0	$0	$0
CHELSIE HIGGINS	DIRECTOR OF FINANCE THRU 11/27/23	0.50	Officer	$0	$9,302	$105,117
JOSHUA SEGAL	EXECUTIVE DIRECTOR	0.50	Officer	$0	$12,917	$196,937

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
2023	$161,210	$2,421,204	No data	$-2,259,994
2022	$260,482	$276,213	$2,495,813	$-15,731
2021	$449,682	$519,949	$3,363,778	$-70,267
2020	$87,218	$282,261	$3,298,754	$-195,043
2019	$271,380	$365,287	$3,064,580	$-93,907
2018	$433,000	$365,424	$2,799,242	$67,576

THE STEERE HOUSE FOUNDATION