MY SISTERS' PLACE INC (EIN 061079879) - 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

1982

Legal Domicile

Principal Officer

KARA A CAPONE

Phone

8608082033

Tax Period

2024-07-01 to 2025-06-30

MY SISTERS' PLACE INC, founded in 1982, is a community nonprofit that reported $5.2M in total revenue in fiscal year 2024. Revenue fell 39% from the prior year — a significant decline worth monitoring. Expenses of $4.6M left a modest 12% surplus.

Mission

MY SISTERS PLACE IS COMMITTED TO ENDING HOMELESSNESS BY EMPOWERING WOMEN, FAMILIES, AND OTHERS IN GREATER HARTFORD TO ACHIEVE INDEPENDENCE AND STABILITY IN THEIR COMMUNITY BY PROVIDING HOUSING AND SUPPORTIVE SERVICES.

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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 $3,071,766

Program Service Revenue $1,945,309

Investment Income $86,846

Other Revenue $138,576

TOTAL REVENUE $5,242,497

Expense Breakdown

Grants Paid $488,957

Salaries & Benefits $1,943,501

Fundraising Expenses $167,986

Program Expenses $3,942,427

Other Expenses $2,160,447

TOTAL EXPENSES $4,592,905

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,242,497	$8,645,513	-0.4%
Expenses	$4,592,905	$3,754,884	+0.2%
Net Income	$649,592	$4,890,629	-0.9%

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

138

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

$563,646

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE BENGSTON	CHAIR	1.00	Officer Director	$0	$0	$0
LISA HOISL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW CANDILORO	TREASURER	1.00	Officer Director	$0	$0	$0
LEAH CHAPMAN	SECRETARY	1.00	Officer Director	$0	$0	$0
KEN MCAVOY	DIRECTOR	1.00	Director	$0	$0	$0
MARVA PATTERSON	DIRECTOR	1.00	Director	$0	$0	$0
MARIE SPADORCIA	DIRECTOR	1.00	Director	$0	$0	$0
NICOLE TERRY	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY TORSIELLO	DIRECTOR	1.00	Director	$0	$0	$0
MARK TUREK	DIRECTOR	1.00	Director	$0	$0	$0
COLIN WRINN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA HAMILTON	DIRECTOR	1.00	Director	$0	$0	$0
KAREN MATHESON	DIRECTOR	1.00	Director	$0	$0	$0
KARA A CAPONE	CEO	14.00	Officer	$0	$17,685	$202,005
DANIEL GURVICH	CFO	14.00	Officer	$0	$16,987	$193,839
KATHLEEN SHAW	COO	14.00	Officer	$151,068	$16,734	$167,802

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	$5,242,497	$4,592,905	$23,547,180	$649,592
2024	No data	No data	No data	No data
2023	$3,895,096	$4,034,743	$15,399,194	$-139,647
2022	$3,982,385	$4,153,124	$14,176,461	$-170,739
2021	$3,458,114	$3,745,729	$14,977,944	$-287,615
2020	$2,970,728	$3,045,797	$14,764,308	$-75,069
2019	$3,262,706	$3,214,762	$14,703,057	$47,944
2018	$3,163,539	$3,584,708	$14,609,224	$-421,169

MY SISTERS' PLACE INC