MEMORIAL COMMUNITY CORPORATION (EIN 061475049) - 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

1997

Legal Domicile

Principal Officer

JOSEPH ACCETTURO

Phone

4012319681

Tax Period

2017-07-01 to 2018-06-30

MEMORIAL COMMUNITY CORPORATION, founded in 1997, is a small nonprofit in the Housing & Shelter sector that reported $548K in total revenue in fiscal year 2017. Revenue decreased 5% compared to the prior year. Expenses of $716K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE LOW INCOME HOUSING TO THE ELDERLY AND DISABLED IN THE JOHNSTON, RI AREA UNDER SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT.

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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 (2017)

Revenue Breakdown

Contributions & Grants $336,103

Program Service Revenue $212,159

Investment Income $204

Other Revenue $0

TOTAL REVENUE $548,466

Expense Breakdown

Grants Paid $0

Salaries & Benefits $178,002

Fundraising Expenses $0

Program Expenses $550,088

Other Expenses $538,013

TOTAL EXPENSES $716,015

Year-over-Year Comparison

	2017	2016	Change
Revenue	$548,466	$577,547	-0.1%
Expenses	$716,015	$689,657	+0.0%
Net Income	$-167,549	$-112,110	+0.5%

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
ANTHONY ZOMPA	DIRECTOR	1.00	Director	$0	$0	$0
FRANK SACCOCCIO	DIRECTOR	1.00	Director	$0	$0	$0
LORRAINE NATALE	VICE PRESIDENT	1.00	Officer	$0	$0	$0
RICHARD CARLONE	PRESIDENT	1.00	Officer	$0	$0	$0
LOUISE LAFAZIA	SECRETARY	1.00	Officer	$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
2018	$548,466	$716,015	$3,554,319	$-167,549

MEMORIAL COMMUNITY CORPORATION