LOWER EASTSIDE SERVICE CENTER INC (EIN 131972876) - 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

1959

Legal Domicile

Principal Officer

VALERIE WALTERS

Phone

2125667712

Tax Period

2022-07-01 to 2023-06-30

LOWER EASTSIDE SERVICE CENTER INC, founded in 1959, is a mid-sized nonprofit in the Mental Health sector that reported $16.9M in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year.

Mission

PREVENTION, TREATMENT AND RECOVERY OF INDIVIDUALS AND FAMILIES SUFFERING FROM SUBSTANCE USE AND MENTAL DISORDERS BY PROVIDING AN ARRAY OF SERVICES SUCH AS OUTPATIENT CLINICS, RESIDENTIAL TREATMENT, PRIMARY MEDICAL CARE, SUPPORTIVE HOUSING, VOCATIONAL AND EMPLOYMENT READINESS PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,145,334

Program Service Revenue $7,704,547

Investment Income $48,403

Other Revenue $35,539

TOTAL REVENUE $16,933,823

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,761,562

Fundraising Expenses $0

Program Expenses $14,722,867

Other Expenses $6,814,767

TOTAL EXPENSES $18,576,329

Year-over-Year Comparison

	2022	2021	Change
Revenue	$16,933,823	$19,910,518	-0.1%
Expenses	$18,576,329	$18,346,071	+0.0%
Net Income	$-1,642,506	$1,564,447	-2.0%

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

228

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

$557,795

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA HOFFMAN	CHAIRPERSON	0.25	Officer Director	$0	$0	$0
HOWARD LEIFMAN	SECRETARY	0.25	Officer Director	$0	$0	$0
BLAIR PAN	BOARD MEMBER	0.25	Director	$0	$0	$0
BRUCE D TINDAL	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHAEL J GOLIA	BOARD MEMBER	0.25	Director	$0	$0	$0
ALEXIS KUERBIS	BOARD MEMBER	0.25	Director	$0	$0	$0
ELIOT LOCITZER	BOARD MEMBER	0.25	Director	$0	$0	$0
NASIR H NAQVI	BOARD MEMBER	0.25	Director	$0	$0	$0
THOMAS OGDEN	BOARD MEMBER	0.25	Director	$0	$0	$0
STANLEY ZAREFF	BOARD MEMBER	0.25	Director	$0	$0	$0
VALERIE WALTERS	PRESIDENT & CEO	37.50	Officer	$304,133	$47,915	$352,048
CARGIL BERNARD	VP, CHIEF FINANCIAL OFFICER	37.50	Officer	$153,088	$52,659	$205,747
DESPINA VOUGIOUKAS	DIRECTOR, VOCATIONAL SERVICES	52.00	Highest	$130,573	$45,492	$176,065
LOLITA SILVA-VAZQUEZ	VP, CHIEF PROGRAM OFFICER	37.50	Highest	$139,622	$47,671	$187,293
JACQUELINE VARGAS	VP, HUMAN RESOURCES	37.50	Highest	$138,311	$16,765	$155,076
ESTHER NDUKWE	NURSE PRACTITIONER	35.00	Highest	$128,722	$24,548	$153,270
MARYANNE OPALEYE	PSYCHIATRIC NURSE PRACTITIONER	15.00	Highest	$145,670	$0	$145,670

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
2024	No data	No data	No data	No data
2023	$16,933,823	$18,576,329	$17,296,967	$-1,642,506
2022	$19,910,518	$18,346,071	$18,167,467	$1,564,447
2021	$19,028,125	$18,981,928	$18,518,556	$46,197
2020	$18,668,690	$20,525,959	$15,542,673	$-1,857,269
2019	$18,179,189	$19,248,107	$16,636,384	$-1,068,918
2018	$19,044,912	$18,931,267	$17,371,471	$113,645

LOWER EASTSIDE SERVICE CENTER INC