MALTA HOUSE OF CARE INC (EIN 203562424) - 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

2006

Legal Domicile

Principal Officer

DIANNE AUGER

Phone

8605481593

Tax Period

2023-01-01 to 2023-12-31

MALTA HOUSE OF CARE INC, founded in 2006, is a community nonprofit in the Health Care sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 40% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVIDING FREE PRIMARY MEDICAL CARE AND PHARAMACEUTICALS TO THOSE 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 (2023)

Revenue Breakdown

Contributions & Grants $1,068,834

Program Service Revenue $0

Investment Income $30,660

Other Revenue $38,712

TOTAL REVENUE $1,138,206

Expense Breakdown

Grants Paid $0

Salaries & Benefits $634,866

Fundraising Expenses $139,757

Program Expenses $1,427,267

Other Expenses $1,013,345

TOTAL EXPENSES $1,648,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,138,206	$1,906,058	-0.4%
Expenses	$1,648,211	$1,880,276	-0.1%
Net Income	$-510,005	$25,782	-20.8%

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

$123,829

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN SHEEHAN	CHAIR	1.00	Officer Director	$0	$0	$0
BRIEN HORAN ESQ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
LUIS F DIEZ-MORALES MD	PRESIDENT	1.00	Officer Director	$0	$0	$0
JENNIFER SCHNEIDER	TREASURER	2.00	Officer Director	$0	$0	$0
LAURA SANZARI RN	SECRETARY	2.00	Director	$0	$0	$0
KIRSTEN ANDERSON MD MPH	DIRECTOR	1.00	Director	$0	$0	$0
VERY REVEREND STEVEN C BOGUSLAWSKI	DIRECTOR	1.00	Director	$0	$0	$0
TRACY BRENNAN GRAHAM MD	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL C CULHANE	DIRECTOR	1.00	Director	$0	$0	$0
ANGELO DEFAZIO RPH	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR J DOWLING ESQ	DIRECTOR	1.00	Director	$0	$0	$0
MARIA ELLIS MD	DIRECTOR	1.00	Director	$0	$0	$0
MYLES N HUBBARD	DIRECTOR	1.00	Director	$0	$0	$0
RONALD D JARVIS	DIRECTOR	1.00	Director	$0	$0	$0
PETER G KELLY ESQ	DIRECTOR	1.00	Director	$0	$0	$0
ESTELA LOPEZ PHD	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT W MURYASZ	DIRECTOR	1.00	Director	$0	$0	$0
PAULINE OLSEN MD EX OFFICIO	DIRECTOR	2.00	Director	$0	$0	$0
TIFFANY LINGENFELTER PIERCE MD	DIRECTOR	1.00	Director	$0	$0	$0
FILOMENA M SOYSTER	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE R TRUMBULL III	DIRECTOR	1.00	Director	$0	$0	$0
JEAN-PIERRE VAN ROOY EX OFFICIO	DIRECTOR	2.00	Director	$0	$0	$0
DIANNE AUGER	EXECUTIVE DIRECTOR	40.00	Officer	$58,249	$5,961	$64,210
VICTORIA VELTRI	FORMER EXECUTIVE DIRECTOR	40.00	Officer	$44,109	$15,510	$59,619

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	No data	No data	No data	No data
2023	$1,138,206	$1,648,211	$2,611,550	$-510,005
2022	$1,906,058	$1,880,276	$3,029,447	$25,782
2021	$1,578,243	$1,733,157	$2,990,125	$-154,914
2020	$1,540,015	$1,508,201	$2,901,798	$31,814
2019	$1,105,131	$1,098,344	$50,947	$6,787
2018	$875,253	$892,242	$45,530	$-16,989

MALTA HOUSE OF CARE INC