SOUTH SHORE ASSOCIATION FOR INDEPENDENT LIVING INC

EIN: 112603787 501(c)(3) Human Services

BALDWIN, NY

Total Revenue
$21,397,747
Total Expenses
$20,914,723
Total Assets
$26,306,310
Net Assets
$6,314,955
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
NY
Principal Officer
CHRISTOPHER TURK
Phone
5168551800
Tax Period
2024-01-01 to 2024-12-31

SOUTH SHORE ASSOCIATION FOR INDEPENDENT LIVING INC, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $21.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

OPERATE RESIDENCES IN THE COMMUNITY THAT PROVIDE REHABILITATION, CLINICAL TREATMENT AND SUPPORT SERVICES FOR MENTALLY ILL ADULTS AND THEIR FAMILIES.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,898,559
Program Service Revenue $13,414,984
Investment Income $83,804
Other Revenue $400
TOTAL REVENUE $21,397,747

Expense Breakdown

Grants Paid $0
Salaries & Benefits $12,064,507
Fundraising Expenses $0
Program Expenses $18,552,402
Other Expenses $8,850,216
TOTAL EXPENSES $20,914,723

Year-over-Year Comparison

2024 2023 Change
Revenue $21,397,747 $19,615,663 +0.1%
Expenses $20,914,723 $19,234,896 +0.1%
Net Income $483,024 $380,767 +0.3%
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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Governance

Voting Members
6
Independent Members
6
Employees
176
Volunteers
6

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
6
$646,350
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN FRIEDMAN PRESIDENT 5.00
Officer Director
$0 $0 $0
PEGGY GROSMAN VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
CHRISTOPHER TURK TREASURER 5.00
Officer Director
$0 $0 $0
MURIELLE BEDARD SECRETARY 5.00
Officer Director
$0 $0 $0
MICHAEL DASH MEMBER 5.00
Director
$0 $0 $0
DIANE RUBIN MEMBER 5.00
Director
$0 $0 $0
BRIAN COHEN CEO 37.50
Officer
$273,166 $70,145 $343,311
NOELLE PALAZZO CFO 37.50
Officer
$238,533 $64,506 $303,039
DR ROSARIO INCIONG PSYCHIATRIST 25.00
Highest
$227,955 $46,010 $273,965
RICKY DEMIRAKOS COO 37.50
Highest
$211,343 $42,739 $254,082
CHRIS KINSELLA VP OF FINANCE 37.50
Highest
$166,939 $63,802 $230,741
JUDITH DORIA CCO 37.50
Highest
$150,568 $46,850 $197,418
CYNTHIA OWENS CPO 37.50
Highest
$160,853 $33,475 $194,328
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 $21,397,747 $20,914,723 $26,306,310 $483,024
2023 $19,615,663 $19,234,896 $22,496,329 $380,767
2022 $18,423,879 $17,841,115 $20,661,012 $582,764
2021 $16,812,940 $16,659,833 $15,533,435 $153,107
2020 $16,159,656 $16,141,065 $14,462,849 $18,591
2019 $16,478,643 $15,761,078 $14,618,102 $717,565
2018 $15,268,208 $14,861,970 $13,782,207 $406,238
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