SOUTHERN CONNECTICUT HEALTH SYSTEM PROPERTIES INC (EIN 061297708) - 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

1989

Legal Domicile

Principal Officer

GAIL KOSYLA

Phone

2036882603

Tax Period

2023-10-01 to 2024-09-30

SOUTHERN CONNECTICUT HEALTH SYSTEM PROPERTIES INC, founded in 1989, is a small nonprofit that reported $119K in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $174K exceeded revenue, resulting in a 46% operating deficit.

Mission

TITLE HOLDING COMPANY.

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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 $112,043

Investment Income $7,337

Other Revenue $0

TOTAL REVENUE $119,380

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $174,179

Other Expenses $174,179

TOTAL EXPENSES $174,179

Year-over-Year Comparison

	2023	2022	Change
Revenue	$119,380	$93,030	+0.3%
Expenses	$174,179	$185,005	-0.1%
Net Income	$-54,799	$-91,975	-0.4%

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

N/A

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

$1,835,588

Total Directors

$3,089,061

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNE DIAMOND	TRUSTEE	1.00	Director	$0	$370,143	$1,253,473
PAMELA SCAGLIARINI	PRESIDENT/TRUSTEE(CURRENT COMP)	1.00	Officer Director	$0	$289,619	$996,082
PAMELA SCAGLIARINI	PRESIDENT/TRUSTEE (VESTED DEFERRED)	1.00	Officer Director	$0	$0	$99,609
MICHAEL IVY	FORMER TRUSTEE	0.00		$0	$145,486	$950,796
EUGENE COLUCCI	FORMER OFFICER/TRUSTEE	0.00		$0	$49,578	$612,687
JOSEPH CARUSO	CHAIRMAN/TRUSTEE	1.00	Officer Director	$0	$54,391	$372,389
DANIEL WALSH	SECRETARY/TRUSTEE	1.00	Officer Director	$0	$55,634	$367,508

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	$119,380	$174,179	$548,633	$-54,799
2023	$93,030	$185,005	$429,253	$-91,975
2022	$125,219	$216,609	$534,415	$-91,390
2021	$90,981	$135,699	$416,152	$-44,718
2020	$-26,736	$205,034	$362,955	$-231,770
2019	$96,670	$211,877	$835,117	$-115,207
2018	$85,672	$211,358	$813,485	$-125,686

SOUTHERN CONNECTICUT HEALTH SYSTEM PROPERTIES INC