SPECTRUM FOR LIVING DEVELOPMENT INC (EIN 222706159) - 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

1986

Legal Domicile

Principal Officer

DANNY ROSARIO

Phone

2013588000

Tax Period

2024-01-01 to 2024-12-31

SPECTRUM FOR LIVING DEVELOPMENT INC, founded in 1986, is a mid-sized nonprofit in the Human Services sector that reported $48.0M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,863,637

Program Service Revenue $45,851,650

Investment Income $104,444

Other Revenue $190,098

TOTAL REVENUE $48,009,829

Expense Breakdown

Grants Paid $285,305

Salaries & Benefits $38,262,932

Fundraising Expenses $226,710

Program Expenses $41,238,714

Other Expenses $8,173,456

TOTAL EXPENSES $46,721,693

Year-over-Year Comparison

	2024	2023	Change
Revenue	$48,009,829	$43,867,015	+0.1%
Expenses	$46,721,693	$44,419,833	+0.1%
Net Income	$1,288,136	$-552,818	-3.3%

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

769

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

$638,712

Total Directors

Key Employees

$201,810

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN TODD	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
DONNA CANNILLO	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
VINCENT O'BRIEN	TREASURER	0.20	Officer Director	$0	$0	$0
ROSEANNE PSOMAS	SECRETARY	0.20	Officer Director	$0	$0	$0
PAUL BLAUSTEIN	TRUSTEE	0.20	Director	$0	$0	$0
MICHAEL CARPENTER	TRUSTEE	0.20	Director	$0	$0	$0
FRANK FIORE	TRUSTEE	0.20	Director	$0	$0	$0
SUE FREMONT	TRUSTEE	0.20	Director	$0	$0	$0
ISABELLE JACOBS	TRUSTEE	0.20	Director	$0	$0	$0
CHRISTINE LAROCCA ESQ	TRUSTEE	0.20	Director	$0	$0	$0
PATRICIA MAURIZI	TRUSTEE	0.20	Director	$0	$0	$0
MAUREEN PALLATTA	TRUSTEE	0.20	Director	$0	$0	$0
NANCY RAPUZZI	TRUSTEE	0.20	Director	$0	$0	$0
MARTIN SEMAR	TRUSTEE	0.20	Director	$0	$0	$0
STANLEY WYNMAN	TRUSTEE	0.20	Director	$0	$0	$0
CHRISTOPHER L PERRY	PRESIDENT/CEO	40.00	Officer	$395,974	$54,495	$450,469
DANNY ROSARIO	CHIEF FINANCIAL OFFICER	40.00	Officer	$155,878	$32,365	$188,243
THOMAS DONAHUE	CHIEF PROGRAM OFFICER	40.00	Key Emp	$178,143	$23,667	$201,810
JOAN C GARCIA	CHIEF HUMAN RESOURCES OFFI	40.00	Highest	$151,225	$12,051	$163,276
SUSAN C MANCUSO	VP CLINICAL & LONG TERM CI	40.00	Highest	$148,977	$33,335	$182,312
MARY FELICE-PETILLO	REGISTERED NURSE	40.00	Highest	$139,150	$18,461	$157,611
MERLE D OLIVER	CHARGE REGISTER NURSE	40.00	Highest	$117,767	$23,504	$141,271
MIRIAM RODRIGUEZ	DIRECT CARE SUPERVISOR	40.00	Highest	$119,128	$11,951	$131,079

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	$48,009,829	$46,721,693	$23,030,956	$1,288,136
2023	$43,867,015	$44,419,833	$21,227,140	$-552,818
2022	$40,398,401	$43,349,533	$22,729,086	$-2,951,132
2021	$43,004,591	$37,471,689	$24,077,337	$5,532,902
2020	$35,411,186	$24,503,977	$22,286,671	$10,907,209
2019	$3,966,529	$3,446,246	$6,617,134	$520,283
2018	$3,621,262	$3,486,279	$6,139,996	$134,983

SPECTRUM FOR LIVING DEVELOPMENT INC