SPECTRUM FOR LIVING CORPORATION

EIN: 222223012 501(c)(3)

RIVER VALE, NJ

Total Revenue
$5,328,676
Total Expenses
$6,756,746
Total Assets
N/A
Net Assets
N/A
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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
1978
Legal Domicile
NJ
Principal Officer
CHRISTOPHER PERRY
Phone
2013588000
Tax Period
2020-01-01 to 2020-07-31

SPECTRUM FOR LIVING CORPORATION, founded in 1978, is a community nonprofit that reported $5.3M in total revenue in fiscal year 2020. Revenue fell 52% from the prior year — a significant decline worth monitoring. Expenses of $6.8M exceeded revenue, resulting in a 27% operating deficit.

Mission

To enable individuals who have developmental and/or physical disabilities to have the opportunity to attain their highest level of skills, purpose and independence.

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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 (2020)

Revenue Breakdown

Contributions & Grants $83,596
Program Service Revenue $5,245,070
Investment Income $10
Other Revenue $0
TOTAL REVENUE $5,328,676

Expense Breakdown

Grants Paid $587,338
Salaries & Benefits $4,084,818
Fundraising Expenses $0
Program Expenses $5,876,025
Other Expenses $2,084,590
TOTAL EXPENSES $6,756,746

Year-over-Year Comparison

2020 2019 Change
Revenue $5,328,676 $11,008,227 -0.5%
Expenses $6,756,746 $11,051,834 -0.4%
Net Income $-1,428,070 $-43,607 +31.7%
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

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Governance

Voting Members
11
Independent Members
11
Employees
N/A
Volunteers
11

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
8
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DONNA CANNILLO SECRETARY 0.2
Officer Director
$0 $0 $0
MICHAEL CARPENTER TREASURER 0.2
Officer Director
$0 $0 $0
FRANK FIORE TRUSTEE 0.2
Director
$0 $0 $0
CHRISTINE LAROCCA ESQ TRUSTEE 0.2
Director
$0 $0 $0
LORRAINE LIPOWITZ TRUSTEE 0.2
Director
$0 $0 $0
JEFFREY RUTMAN TRUSTEE 0.2
Director
$0 $0 $0
STEPHEN LEO TRUSTEE 0.2
Director
$0 $0 $0
NANCY RAPUZZI TRUSTEE 0.2
Director
$0 $0 $0
MARTIN SEMAR VICE CHAIR 0.2
Officer Director
$0 $0 $0
MAUREEN PALLATTA CHAIRPERSON 0.2
Officer Director
$0 $0 $0
VINCENT O'BRIEN TRUSTEE 0.2
Director
$0 $0 $0
CHRISTOPHER L PERRY PRESIDENT/CEO 0.2
Officer
$0 $0 $0
THOMAS DONAHUE CHIEF PROGRAM OFFICER 0.2
Officer
$0 $0 $0
WILLIAM G MUILENBURG CHIEF FINANCE OFFICER 0.2
Officer
$0 $0 $0
JESSICA PALENCIA CHIEF HUMAN RESOURCES 0.2
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 $5,328,676 $6,756,746 No data $-1,428,070
2019 $11,008,227 $11,051,834 $6,092,959 $-43,607
2018 $10,120,271 $10,183,693 $6,250,201 $-63,422
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