WHITNEY CENTER INC (EIN 060924891) - 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

1977

Legal Domicile

Principal Officer

MICHAEL RAMBAROSE

Phone

2032816745

Tax Period

2023-01-01 to 2023-12-31

WHITNEY CENTER INC, founded in 1977, is a mid-sized nonprofit in the Human Services sector that reported $36.3M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

LIFE PLAN COMMUNITY SEEKING EXCELLENCE IN SENIOR LIVING.

🔒

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 $281,670

Program Service Revenue $35,203,894

Investment Income $830,161

Other Revenue $26,781

TOTAL REVENUE $36,342,506

Expense Breakdown

Grants Paid $45,832

Salaries & Benefits $18,310,023

Fundraising Expenses $287,697

Program Expenses $33,875,202

Other Expenses $20,838,785

TOTAL EXPENSES $39,194,640

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,342,506	$30,252,227	+0.2%
Expenses	$39,194,640	$32,522,540	+0.2%
Net Income	$-2,852,134	$-2,270,313	+0.3%

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

462

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

$675,753

Total Directors

$445,833

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL RAMBAROSE	PRESIDENT & CEO	40.00	Officer Director	$373,087	$72,746	$445,833
KENETH SANDBERG	COO	40.00	Highest	$167,755	$69,599	$237,354
MARGARET JOYCE	ADMINISTRATOR	40.00	Highest	$175,395	$59,677	$235,072
JEFF DEVANEY	CFO	40.00	Officer	$177,921	$51,999	$229,920
SEAN O'CONNOR	VP, MARKETING	40.00	Highest	$193,328	$32,235	$225,563
MICHELLE PANDOLFI	VP, ENRICHMENT	40.00	Highest	$165,334	$39,688	$205,022
RAFAEL AVILA	VP, TECHNOLOGY	40.00	Highest	$147,240	$22,958	$170,198
DAVID VOGEL	CHAIR AS OF 9/28/23	1.00	Officer Director	$0	$0	$0
SANDRA BULMER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANTHONY SANTORE	TREASURER THRU 9/28/23 / DIR.	1.00	Officer Director	$0	$0	$0
STACEY CURRAN	TREASURER AS OF 9/28/23	1.00	Officer Director	$0	$0	$0
NYLE DAVEY	SECRETARY THRU 9/28/23	1.00	Officer Director	$0	$0	$0
KAREN KMETZO	DIR./SECRETARY AS OF 9/28/23	1.00	Officer Director	$0	$0	$0
ROBERT SIMIONE	IMMEDIATE PAST CHAIR AS OF 9/28/23	1.00	Officer Director	$0	$0	$0
PERRY AYCOCK	DIRECTOR	1.00	Director	$0	$0	$0
LYNNE HAWKINKS	PRESIDENT, RESIDENTS' COUNCIL	1.00	Director	$0	$0	$0
JANET HENRICH	DIRECTOR	1.00	Director	$0	$0	$0
JANE JERVIS	DIRECTOR	1.00	Director	$0	$0	$0
DALE KROOP	DIRECTOR	1.00	Director	$0	$0	$0
CAROL ROBBINS	DIRECTOR	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$36,342,506	$39,194,640	$122,659,856	$-2,852,134
2022	$30,252,227	$32,522,540	$124,590,859	$-2,270,313
2021	$31,737,893	$31,224,509	$108,082,028	$513,384
2020	$29,852,994	$30,134,606	$108,926,322	$-281,612
2019	$29,811,727	$34,188,347	$107,889,473	$-4,376,620
2018	$28,795,392	$30,553,880	$103,124,819	$-1,758,488

WHITNEY CENTER INC