SPECTRUM HEALTH CARE INC (EIN 222512383) - 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

1984

Legal Domicile

Principal Officer

ED COX

Phone

2014512544

Tax Period

2024-07-01 to 2025-06-30

SPECTRUM HEALTH CARE INC, founded in 1984, is a community nonprofit in the Health Care sector that reported $7.2M in total revenue in fiscal year 2024.

Mission

TO PROVIDE COMPREHENSIVE OPIOID THERAPY AND AIDS TESTING TO THOSE SEEKING TREATMENT.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,758,430

Program Service Revenue $5,288,495

Investment Income $137,396

Other Revenue $0

TOTAL REVENUE $7,184,321

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,379,866

Fundraising Expenses $0

Program Expenses $5,207,578

Other Expenses $2,017,329

TOTAL EXPENSES $7,397,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$7,184,321	$7,441,498	0.0%
Expenses	$7,397,195	$5,990,374	+0.2%
Net Income	$-212,874	$1,451,124	-1.1%

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

N/A

Employees

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

$700,449

Total Directors

$551,352

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE JEFFREY	TRUSTEE	0.00	Director	$0	$0	$0
EDWARD P COX	CEO	40.00	Director	$551,352	$0	$551,352
GARY DEFILIPPO	TRUSTEE	0.00	Director	$0	$0	$0
THOMAS MURPHY	TRUSTEE	0.00	Officer	$0	$0	$0
THOMAS CAPPADONA	SECRETARY/TREAS./TRUSTEE	0.00	Officer	$0	$0	$0
SUNIL ANAND	CFO	40.00	Officer	$445,402	$0	$445,402
CHRISTIE HANVEY	COO	40.00	Officer	$255,047	$0	$255,047
ROSELYN DODSON	FACILITY MANAGER	40.00	Highest	$164,435	$0	$164,435
TASHI TSO	SENIOR ACCOUNTANT	40.00	Highest	$151,928	$0	$151,928
JAMEL PORTER	DIRECTOR OF SOCIAL SERVICE	40.00	Highest	$131,501	$0	$131,501
DEBRANNE P SEVERINO	DIRECTOR OF NURSING	40.00	Highest	$111,910	$0	$111,910

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
2025	$7,184,321	$7,397,195	$4,700,973	$-212,874
2024	$7,441,498	$5,990,374	$4,802,173	$1,451,124
2023	$6,055,338	$5,137,138	$3,521,464	$918,200
2022	$6,567,447	$4,842,908	$2,613,730	$1,724,539
2021	$3,960,422	$3,659,266	$1,547,804	$301,156
2020	$3,217,502	$3,734,623	$1,050,633	$-517,121

SPECTRUM HEALTH CARE INC