OLD SAYBROOK SENIOR HOUSING 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

1979

Legal Domicile

Principal Officer

LAUREN BLAHA

Phone

8603555915

Tax Period

2023-07-01 to 2024-06-30

OLD SAYBROOK SENIOR HOUSING INC, founded in 1979, is a small nonprofit that reported $664K in total revenue in fiscal year 2023.

Mission

THE CORPORATION OWNS AND OPERATES 36 UNITS OF LOW INCOME ELDERLY HOUSING.

Program Service Accomplishments

Program 1

Expenses: $588,051 Revenue: $663,566

THE CORPORATION OWNS AND OPERATES 36 UNITS OF LOW INCOME ELDERLY HOUSING.

Program 2

BOARD OPERATIONS

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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 $0

Program Service Revenue $663,566

Investment Income $494

Other Revenue $0

TOTAL REVENUE $664,060

Expense Breakdown

Grants Paid $0

Salaries & Benefits $156,609

Fundraising Expenses $0

Program Expenses $588,051

Other Expenses $541,047

TOTAL EXPENSES $697,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$664,060	$642,713	+0.0%
Expenses	$697,656	$669,860	+0.0%
Net Income	$-33,596	$-27,147	+0.2%

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
LORRAINE SAMELA	DIRECTOR	N/A	Director	$0	$0	$0
LAUREN BLAHA	TREASURER	N/A	Director	$0	$0	$0
ELIZABETH STEFFEN	PRESIDENT	N/A	Officer Director	$0	$0	$0
KARIE HANSEN-BLAHA	SECRETARY	N/A	Officer Director	$0	$0	$0
DEVIN CARNEY	DIRECTOR	N/A	Officer Director	$0	$0	$0
CHARLES HAMILL	VP	N/A	Officer Director	$0	$0	$0
ARCANGELA CLAFFEY	DIRECTOR	N/A	Director	$0	$0	$0
LESLEY MARA	DIRECTOR	N/A	Director	$0	$0	$0
CAROL RZASA	DIRECTOR	N/A	Director	$0	$0	$0
VIVIAN PARTRIDGE	DIRECTOR	N/A	Director	$0	$0	$0
MARIE LAPOINTE	DIRECTOR	N/A	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
2025	No data	No data	No data	No data
2024	$664,060	$697,656	$2,215,941	$-33,596
2023	$642,713	$669,860	$2,253,953	$-27,147
2022	$627,474	$666,703	$2,320,769	$-39,229
2021	$629,548	$680,079	$2,414,129	$-50,531
2020	$591,584	$663,309	$2,441,083	$-71,725
2019	$601,886	$640,799	$2,554,108	$-38,913
2018	$560,961	$655,952	$2,646,654	$-94,991