SPECTRUM FOR LIVING CORPORATION

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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

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 TO OPPORTUNITY TO ATTAIN THEIR HIGHEST LEVEL OF SKILLS, PURPOSE AND INDEPENDENCE WITH DIGNITY THROUGH AN ONGOING COMMITMENT TO COMPREHENSIVE QUALITY SERVICES, ADVOCACY AND FAMILY PARTNERSHIP.

Program Service Accomplishments

Program 1

Expenses: $5,876,025 Revenue: $5,245,070

Provide housing facilities and services for fifty-six (56) developmentally disabled adults specifically designed to meet their physical, social, and psychological needs and to promote their health...

Provide housing facilities and services for fifty-six (56) developmentally disabled adults specifically designed to meet their physical, social, and psychological needs and to promote their health, security, happiness and usefulness in longer living.

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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 $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

Governance

Voting Members

Independent Members

Employees

N/A

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

Total Directors

Key Employees

Highest Compensated

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