ST JOSEPH RESIDENCE - THE WASHINGTON CENTER INC (EIN 200349479) - 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

2003

Legal Domicile

Principal Officer

SUSIE STEINGRABER

Phone

9209825354

Tax Period

2024-01-01 to 2024-12-31

ST JOSEPH RESIDENCE - THE WASHINGTON CENTER INC, founded in 2003, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Revenue decreased 6% compared to the prior year. Expenses of $1.3M left a modest 4% surplus.

Mission

TO PROVIDE SENIOR LIVING APARTMENTS AND ASSISTED LIVING SERVICES TO THE SENIORS IN THE NEW LONDON AND SURROUNDING COMMUNITIES.

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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 $55,393

Program Service Revenue $1,302,589

Investment Income $12,263

Other Revenue $0

TOTAL REVENUE $1,370,245

Expense Breakdown

Grants Paid $0

Salaries & Benefits $671,677

Fundraising Expenses $0

Program Expenses $1,312,744

Other Expenses $647,303

TOTAL EXPENSES $1,318,980

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,370,245	$1,453,794	-0.1%
Expenses	$1,318,980	$1,308,501	+0.0%
Net Income	$51,265	$145,293	-0.6%

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

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

$130,528

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSIE STEINGRABER	PRESIDENT	0.25	Officer Director	$0	$0	$0
JENNIFER LEOPOLD	SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
MIKE CAMPBELL	VICE PRESIDENT	0.25	Officer Director	$0	$0	$0
MARK GROSSMAN	BOARD MEMBER	0.25	Director	$0	$0	$0
SARA REYBROCK	BOARD MEMBER	0.25	Director	$0	$0	$0
JODI TUCHSCHERER	BOARD MEMBER	0.25	Director	$0	$0	$0
GIDGET BLANK	CEO/EXECUTIVE DIRECTOR	8.00	Officer	$0	$7,891	$130,528

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	$1,370,245	$1,318,980	$2,358,118	$51,265
2023	$1,453,794	$1,308,501	$2,355,958	$145,293
2022	$1,352,959	$1,227,250	$2,486,824	$125,709
2021	$916,931	$1,077,492	$2,192,538	$-160,561
2020	$1,379,243	$1,067,452	$2,432,713	$311,791
2019	$1,439,229	$1,022,017	$2,438,110	$417,212
2018	$1,057,287	$958,145	$2,054,584	$99,142

ST JOSEPH RESIDENCE - THE WASHINGTON CENTER INC