NEW SAMARITAN CORPORATION (EIN 060866405) - 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

1970

Legal Domicile

Principal Officer

KELLY MCDERMOTT

Phone

2032034809

Tax Period

2023-10-01 to 2024-09-30

NEW SAMARITAN CORPORATION, founded in 1970, is a community nonprofit in the Housing & Shelter sector that reported $9.0M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $11.1M exceeded revenue, resulting in a 23% operating deficit.

Mission

TO PROVIDE QUALITY HOUSING AND HEALTH CARE FACILITIES FOR ALL PERSONS

🔒

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 $5,800

Program Service Revenue $10,054,375

Investment Income $-1,100,686

Other Revenue $58,923

TOTAL REVENUE $9,018,412

Expense Breakdown

Grants Paid $500

Salaries & Benefits $5,757,776

Fundraising Expenses $0

Program Expenses $8,583,935

Other Expenses $5,349,422

TOTAL EXPENSES $11,107,698

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,018,412	$8,177,032	+0.1%
Expenses	$11,107,698	$10,176,662	+0.1%
Net Income	$-2,089,286	$-1,999,630	+0.0%

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

113

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

$341,573

Total Directors

Key Employees

$183,505

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MORROW	DIRECTOR (FROM 1/24)	2.00	Director	$0	$0	$0
ANTHONY MACLEOD	DIRECTOR (FROM 1/24)	2.00	Director	$0	$0	$0
JOSEPH TOBIN	DIRECTOR	2.00	Director	$0	$0	$0
JENNIFER YOUNG GAUDET	BOARD PRESIDENT	2.00	Officer Director	$0	$0	$0
C MICHAEL TUCKER	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
JEFFREY A ASHER	TREASURER	2.00	Officer Director	$0	$0	$0
ROBERT A BIDDLEMAN	DIRECTOR	2.00	Director	$0	$0	$0
REV BARBARA J LIBBY	SECRETARY	2.00	Officer Director	$0	$0	$0
MARIA BORGES CORREIA	DIRECTOR	2.00	Director	$0	$0	$0
MABEL J PETERSON	ASST. SECRETARY	2.00	Officer Director	$0	$0	$0
MELANIE J HOWLETT	ASST. TREASURER	2.00	Officer Director	$0	$0	$0
KELLY MCDERMOTT	CEO	5.00	Officer	$0	$8,872	$156,488
SABINE COX	DIRECTOR OF FINANCE/COMPTROLLER	5.00	Officer	$0	$19,280	$143,465
MARIE LAPOINTE	COMPTROLLER (TILL 10/23/23)	20.00	Officer	$0	$0	$41,620
JAMES FIDANZA	ADMINISTRATOR	40.00	Key Emp	$172,239	$11,266	$183,505
KAREN E MULLET	NURSING SUPERVISOR	40.00	Highest	$193,499	$12,042	$205,541
MICHELLE LAVALLEE	DIRECTOR OF NURSING	40.00	Highest	$140,233	$5,652	$145,885
WENDY COLEMAN	PHYSICAL THERAPIST	40.00	Highest	$107,781	$9,150	$116,931
KAMLA HOSEIN	REGISTERED NURSE	40.00	Highest	$100,675	$8,824	$109,499
ELAINE J SMITH	REGISTERED NURSE	40.00	Highest	$100,447	$6,143	$106,590

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	$9,018,412	$11,107,698	$3,880,097	$-2,089,286
2023	$8,177,032	$10,176,662	$7,037,380	$-1,999,630
2022	$9,622,611	$9,903,950	$9,212,753	$-281,339
2021	$7,624,848	$9,700,810	$12,270,724	$-2,075,962
2020	$11,654,468	$11,491,713	$11,998,706	$162,755
2019	$11,022,602	$11,218,415	$11,945,749	$-195,813
2018	$11,331,091	$10,729,914	$12,382,726	$601,177

NEW SAMARITAN CORPORATION