Martin House 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

1982

Legal Domicile

Phone

8608896150

Tax Period

2024-07-01 to 2025-06-30

Martin House Inc, founded in 1982, is a community nonprofit in the Mental Health sector that reported $1.5M in total revenue in fiscal year 2024.

Mission

The mission of Martin House, Inc. is to provide a nurturing community where individuals of limited income who have been alone, alienated, fearful, and dispossessed can develop healthy relationships, new dignity, and a renewed life. Our community will include people recovering from mental illness and addictions.This mission is accomplished by providing dignified housing, nutritious food, a safe, caring environment, and supportive services for 54 men and women who seldom experience any of these.LEASE UNCAS-ON-THAMES CAMPUS On November 16, 2012, a lease was entered into by the State of Connecticut and Martin House, Inc. for property located at 401 West Thames Street, Building 700, (also referred to as the Uncas-On-Thames Campus), Norwich, CT. The initial term of the lease was for a period of 1-5 years with annual base rent of $1.00. There is an option to extend the term of this lease from 6-10 years after the initial lease period. The initial lease period was scheduled to be terminated on

Program Service Accomplishments

Program 1

Expenses: $1,281,720 Revenue: $420,676

The Housing situation in New London County has changed since the COVID pandemic. This has limited the opportunity to create capacity and transition our current residents to affordable housing. This has meant our residents having longer placements at Martin House being that this is an affordable option. Martin House is and has been exploring other avenues to add capacity by transitioning current residents to other affordable options, through additional funding, working with the state of CT stakeholders, working on affordable housing committee's and through work with our current Board of Directors.

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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 $1,080,797

Program Service Revenue $420,676

Investment Income $7,164

Other Revenue $17,800

TOTAL REVENUE $1,526,437

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,143,561

Fundraising Expenses $26,669

Program Expenses $1,281,720

Other Expenses $458,955

TOTAL EXPENSES $1,602,516

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,526,437	$1,413,806	+0.1%
Expenses	$1,602,516	$1,432,098	+0.1%
Net Income	$-76,079	$-18,292	+3.2%

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

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

$104,548

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Maderia	Executive Dir.	40.00	Officer	$101,670	$2,878	$104,548
Sheila Coleman	President	1.00	Officer Director	$0	$0	$0
Debbie Eskra	Vice President	1.00	Officer Director	$0	$0	$0
Eric McDermott	Treasurer	1.00	Officer Director	$0	$0	$0
Robert Fusari	Director	1.00	Director	$0	$0	$0
Leanne LaRose	Director	1.00	Director	$0	$0	$0
Keith Lee	Director	1.00	Director	$0	$0	$0
Matthew Lisee	Director	1.00	Director	$0	$0	$0
Monica MacNeill	Director	1.00	Director	$0	$0	$0
Gayle O'Neill	Director	1.00	Director	$0	$0	$0
Melissa Neill	Director	1.00	Director	$0	$0	$0
William Robinson	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
2025	$1,526,437	$1,602,516	$1,093,059	$-76,079
2024	$1,413,806	$1,432,098	$1,092,913	$-18,292
2023	$1,355,939	$1,433,036	$1,066,856	$-77,097
2022	$1,349,405	$1,305,235	$1,097,747	$44,170
2021	$1,342,139	$1,319,974	$1,082,867	$22,165
2020	$1,316,391	$1,289,373	$978,198	$27,018
2019	$1,309,063	$1,269,879	$923,115	$39,184
2018	$1,276,819	$1,233,893	$876,485	$42,926