SEVERAL SOURCES SHELTERS INC (EIN 222368937) - 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

1981

Legal Domicile

Principal Officer

KATHY DIFIORE

Phone

2018189033

Tax Period

2023-01-01 to 2023-12-31

SEVERAL SOURCES SHELTERS INC, founded in 1981, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year. Net assets of $9.7M represent 55 months of operating reserves.

Mission

THE ORGANIZATION OPERATES A NUMBER OF SOCIAL PROGRAMS IN THE SPIRIT OF COMPASSION AND SPIRITUAL SUPPORT INCLUDING TWO SHELTERS FOR PREGNANT WOMEN AND THEIR CHILDREN & A PREGNANCY HOTLINE.

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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 $1,860,297

Program Service Revenue $0

Investment Income $55,848

Other Revenue $199,999

TOTAL REVENUE $2,116,144

Expense Breakdown

Grants Paid $58,773

Salaries & Benefits $1,174,315

Fundraising Expenses $171,007

Program Expenses $1,831,047

Other Expenses $1,012,686

TOTAL EXPENSES $2,245,774

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,116,144	$2,575,688	-0.2%
Expenses	$2,245,774	$2,079,131	+0.1%
Net Income	$-129,630	$496,557	-1.3%

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

$118,500

Total Directors

$235,298

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHY DIFIORE	PRESIDENT	40.00	Officer	$118,500	$0	$118,500
ELLEN BROWNE	BOARD CHAIR	20.00	Director	$0	$0	$0
FR PAUL CANNARIATO	DIRECTOR	1.00	Director	$0	$0	$0
DAVE CORDERO PGK	DIRECTOR	1.00	Director	$0	$0	$0
KATHERINE G HOUGHTON	DIRECTOR	1.00	Director	$0	$0	$0
CYNTHIA PEREZ	SECRETARY	1.00	Director	$0	$0	$0
MARY ANN RUSZINKO-FERGUSON	DIRECTOR	12.00	Director	$0	$0	$0
JO ANN SIMON	DIRECTOR	1.00	Director	$0	$0	$0
RAY LILL	DIRECTOR	1.00	Director	$0	$0	$0
ELAINE LAGO	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL RILEY	DIRECTOR	1.00	Director	$0	$0	$0
KAREN SMITH	BOARD VICE C	1.00	Director	$0	$0	$0
JOAN SILO	CEO	40.00	Director	$100,298	$0	$100,298
VENETTA ELLERBE	COO	40.00	Director	$135,000	$0	$135,000
NATALIIA SKALII	TREASURER	1.00	Director	$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
2024	No data	No data	No data	No data
2023	$2,116,144	$2,245,774	$9,886,372	$-129,630
2022	$2,575,688	$2,079,131	$9,413,722	$496,557
2021	$3,438,237	$2,023,030	$10,010,764	$1,415,207
2020	$2,749,026	$2,057,495	$8,669,948	$691,531
2019	$2,199,415	$1,980,165	$7,679,775	$219,250
2018	$1,960,774	$2,058,177	$7,400,640	$-97,403

SEVERAL SOURCES SHELTERS INC