MALTA HOUSE OF CARE FOUNDATION INC

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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

2006

Legal Domicile

Phone

8605481593

Tax Period

2020-01-01 to 2020-06-30

MALTA HOUSE OF CARE FOUNDATION INC, founded in 2006, is a small nonprofit that reported $529K in total revenue in fiscal year 2020. Revenue fell 69% from the prior year — a significant decline worth monitoring. Expenses of $730K exceeded revenue, resulting in a 38% operating deficit.

Mission

Support of organization providing free primary medical care and pharmaceuticals to those individuals without health insurance residing in the Greater Hartford area.

Program Service Accomplishments

Program 1

Expenses: $586,501

SUPPORT OF ORGANIZATION PROVIDING FREE PRIMARY MEDICAL CARE AND PHARMACEUTICALS TO THOSE INDIVIDUALS WITHOUT HEALTH INSURANCE RESIDING IN THE GREATER HARTFORD AREA.

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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 (2020)

Revenue Breakdown

Contributions & Grants $513,095

Program Service Revenue $0

Investment Income $16,184

Other Revenue $0

TOTAL REVENUE $529,279

Expense Breakdown

Grants Paid $0

Salaries & Benefits $123,951

Fundraising Expenses $113,188

Program Expenses $586,501

Other Expenses $606,437

TOTAL EXPENSES $730,388

Year-over-Year Comparison

	2020	2019	Change
Revenue	$529,279	$1,690,952	-0.7%
Expenses	$730,388	$1,402,372	-0.5%
Net Income	$-201,109	$288,580	-1.7%

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

$65,000

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michelle M Murphy	Executive Dir.	40.00	Officer	$65,000	$0	$65,000
Jean-Pierre van Rooy	Director	1.00	Director	$0	$0	$0
Reverend James A Shanley	Director	1.00	Director	$0	$0	$0
Tracy Brennan Graham	Director	1.00	Director	$0	$0	$0
John F Wolter Esq	Director	1.00	Director	$0	$0	$0
Robert J O'Hara Esq	Chairman	1.00	Officer Director	$0	$0	$0
Ronald Jarvis	Director	1.00	Director	$0	$0	$0
Peter G Kelly Esq	Director	5.00	Director	$0	$0	$0
Brian Sheehan	Director	1.00	Director	$0	$0	$0
Filomena Soyster	Interim Pres.	5.00	Officer Director	$0	$0	$0
Jennifer Schneider	Treasurer	2.00	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
2020	$529,279	$730,388	No data	$-201,109
2019	$1,690,952	$1,402,372	$2,736,440	$288,580
2018	$1,199,290	$1,259,374	$2,182,933	$-60,084