SPECTRUM HUMAN SERVICES FOUNDATION INC

EIN: 222832638 501(c)(3) Human Services

ORCHARD PARK, NY

Total Revenue
$737,631
Total Expenses
$349,289
Total Assets
$5,229,002
Net Assets
$4,242,737
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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
NY
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 HUMAN SERVICES, A NON PROFIT MENTAL HEALTH COUNSELING SERVICE CENTER

Program Service Accomplishments

Program 1
Expenses: $325,224

TO PROVIDE SUPPORT AND ASSISTANCE TO SPECTRUM HUMAN SERVICES, A NON PROFIT MENTAL HEALTH COUNSELING SERVICE CENTER. IN 2015, SPECTRUM HUMAN SERVICES FOUNDATION ACQUIRED THE BUILDING IN WHICH SPECTRUM...

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TO PROVIDE SUPPORT AND ASSISTANCE TO SPECTRUM HUMAN SERVICES, A NON PROFIT MENTAL HEALTH COUNSELING SERVICE CENTER. IN 2015, SPECTRUM HUMAN SERVICES FOUNDATION ACQUIRED THE BUILDING IN WHICH SPECTRUM HUMAN SERVICES OPERATES CERTAIN PROGRAMMING. SPECTRUM HUMAN SERVICES FOUNDATION LEASES THIS PROPERTY TO SPECTRUM HUMAN SERVICES, AND UNRELATED PARTIES.

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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%)

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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

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Governance

Voting Members
9
Independent Members
2
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
2
$455,777
Total Directors
2
$0
Key Employees
0
$0
Highest Compensated
0
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
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