THE MARTIN AND EDITH STEIN ASSISTED LIVING RESIDENCE INC (EIN 223700189) - 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

1999

Legal Domicile

Principal Officer

ROBERT BARRY

Phone

7326493502

Tax Period

2024-01-01 to 2024-12-31

THE MARTIN AND EDITH STEIN ASSISTED LIVING RESIDENCE INC, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.1M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $9.5M left a modest 15% surplus.

Mission

OPERATION OF AN ASSISTED LIVING FACILITY FOR THE ELDERLY

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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 $5,296,508

Program Service Revenue $5,512,380

Investment Income $0

Other Revenue $309,880

TOTAL REVENUE $11,118,768

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,350,939

Fundraising Expenses $365,172

Program Expenses $8,410,947

Other Expenses $3,151,291

TOTAL EXPENSES $9,502,230

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,118,768	$8,346,151	+0.3%
Expenses	$9,502,230	$8,847,546	+0.1%
Net Income	$1,616,538	$-501,395	-4.2%

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

138

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

$463,958

Total Directors

Key Employees

$361,974

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOWARD KORANSKY	PRESIDENT	2.00	Officer Director	$0	$0	$0
LYNEE WEISS	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN GREENSTEIN	SECRETARY	2.00	Officer Director	$0	$0	$0
IVAN GREENSTEIN	TREASURER	2.00	Officer Director	$0	$0	$0
ZOLTAN KEMENY	ASSISTANT TREASURER	2.00	Officer Director	$0	$0	$0
GERRY STAFFIN	TRUSTEE	2.00	Director	$0	$0	$0
RICHARD BULLOCK	TRUSTEE	2.00	Director	$0	$0	$0
BILL DAVIDSON	TRUSTEE	2.00	Director	$0	$0	$0
MITCH FRUMKIN	TRUSTEE	2.00	Director	$0	$0	$0
DIANE MANDEL	TRUSTEE	2.00	Director	$0	$0	$0
ROY TANZMAN	TRUSTEE	2.00	Director	$0	$0	$0
HOWARD SORKIN	TRUSTEE	2.00	Director	$0	$0	$0
ADRIENNE ROGOVE	CAMPUS PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT BARRY	PRESIDENT	5.00	Officer	$0	$57,000	$382,459
KRISTI SAVELL	COMPTROLLER (FORMER)	5.00	Officer	$0	$0	$53,807
JOHN WILKENS	COMPTROLLER	5.00	Officer	$0	$0	$27,692
JEAN LEONE	VP OF CLINICAL OPERATIONS	11.00	Key Emp	$0	$44,090	$361,974
JILLIAN BENGIVENGA	RESIDENT STAFF	40.00	Highest	$145,792	$0	$145,792
ISHA YANSANEH	LICENSED PRACTICAL NURSE	40.00	Highest	$162,013	$0	$162,013
ALONA TARAWALIE	LICENSED PRACTICAL NURSE	40.00	Highest	$137,248	$0	$137,248
STACEY PORTER	SWITCHBOARD	40.00	Highest	$112,159	$0	$112,159
STELLA MWANGI	LICENSED PRACTICAL NURSE	40.00	Highest	$105,306	$0	$105,306

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	$11,118,768	$9,502,230	$8,328,494	$1,616,538
2023	$8,346,151	$8,847,546	$8,689,600	$-501,395
2022	$8,193,886	$7,845,771	$9,062,258	$348,115
2021	$7,554,039	$6,966,235	$9,023,708	$587,804
2020	$6,215,000	$7,085,231	$9,264,598	$-870,231
2019	$6,011,221	$5,962,808	$10,669,815	$48,413
2018	$6,515,027	$5,921,510	$11,119,942	$593,517

THE MARTIN AND EDITH STEIN ASSISTED LIVING RESIDENCE INC