SPECTRUM HUMAN SERVICES FOUNDATION INC (EIN 222832638) - 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

1988

Legal Domicile

Principal Officer

NICHOLAS M JEROME

Phone

7166622040

Tax Period

2023-01-01 to 2023-12-31

SPECTRUM HUMAN SERVICES FOUNDATION INC, founded in 1988, is a small nonprofit in the Human Services sector that reported $738K in total revenue in fiscal year 2023. Revenue fell 79% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $388K, a strong 53% operating margin.

Mission

TO PROVIDE SUPPORT AND ASSISTANCE TO SPECTRUM SERVICES, A NON PROFIT MENTAL HEALTH COUNSELING SERVICE CENTER

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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 $0

Program Service Revenue $0

Investment Income $39,318

Other Revenue $698,313

TOTAL REVENUE $737,631

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $325,224

Other Expenses $349,289

TOTAL EXPENSES $349,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$737,631	$3,468,545	-0.8%
Expenses	$349,289	$65	+5372.7%
Net Income	$388,342	$3,468,480	-0.9%

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

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

$455,777

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT O'LEARY	CHAIRPERSON	0.50	Director	$0	$0	$0
RICHMOND HUBBARD	IMMEDIATE PAST CHAIRPERSON	0.50	Director	$0	$0	$0
CYNTHIA VOELKER	CHIEF EXECUTIVE OFFICER	5.00	Officer	$0	$30,729	$274,317
NICHOLAS M JEROME	CHIEF FINANCIAL OFFICER -	5.00	Officer	$0	$32,526	$181,460

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	$737,631	$349,289	$5,229,002	$388,342
2022	$3,468,545	$65	$5,272,768	$3,468,480
2021	$98,278	$3,962	$1,820,495	$94,316
2020	$78,475	$3,546	$1,943,674	$74,929
2019	$38,803	$3,397	$1,840,403	$35,406
2018	$113,388	$3,363	$1,958,406	$110,025

SPECTRUM HUMAN SERVICES FOUNDATION INC