SOUTHWEST BOSTON SENIOR SERVICES I… - Form 990 Financial Data

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1972

Legal Domicile

Principal Officer

NICOLA FAVORITO

Phone

6175226700

Tax Period

2024-07-01 to 2025-06-30

SOUTHWEST BOSTON SENIOR SERVICES INC D/B/A ETHOS, founded in 1972, is a mid-sized nonprofit in the Human Services sector that reported $62.4M in total revenue in fiscal year 2024.

Mission

ETHOS IS A PRIVATE, NON-PROFIT ORGANIZATION DEDICATED TO PROMOTING INDEPENDENCE, DIGNITY, AND WELL-BEING AMONG THE ELDERLY AND DISABLED THROUGH QUALITY, AFFORDABLE, AND CULTURALLY APPROPRIATE HOME AND COMMUNITY-BASED CARE.

Program Service Accomplishments

Program 1

Expenses: $21,529,857 Revenue: $21,271,194

NUTRITION PROGRAMS - PROVIDES MEALS TO THE ELDERLY IN THEIR HOMES AND AT VARIOUS CONGREGATE SITES.

Program 2

Expenses: $15,974,988 Revenue: $17,099,432

HOME CARE - THE PURCHASED SERVICES COMPONENT PERMITS THE ORGANIZATION TO SUBCONTRACT WITH AREA PROVIDERS FOR VARIOUS HOME CARE SERVICES FOR THE ELDERLY. THE CASE MANAGEMENT COMPONENT PROVIDES FOR...

HOME CARE - THE PURCHASED SERVICES COMPONENT PERMITS THE ORGANIZATION TO SUBCONTRACT WITH AREA PROVIDERS FOR VARIOUS HOME CARE SERVICES FOR THE ELDERLY. THE CASE MANAGEMENT COMPONENT PROVIDES FOR ADMINISTRATIVE SUPPORT OF THE HOME CARE PROGRAM.

Program 3

Expenses: $4,115,603 Revenue: $5,458,114

ENHANCED SERVICES - PROVIDES SERVICES THAT TARGET FRAIL ELDERS FOR THE PURPOSE OF PREVENTING OR DELAYING NURSING HOME PLACEMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $47,098,742

Program Service Revenue $15,180,389

Investment Income $131,407

Other Revenue $0

TOTAL REVENUE $62,410,538

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,247,130

Fundraising Expenses $0

Program Expenses $58,576,763

Other Expenses $49,483,200

TOTAL EXPENSES $60,730,330

Year-over-Year Comparison

	2024	2023	Change
Revenue	$62,410,538	$59,817,910	+0.0%
Expenses	$60,730,330	$57,382,358	+0.1%
Net Income	$1,680,208	$2,435,552	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

233

Volunteers

125

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

$325,495

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LOREN SINGER	CEO FROM APR. 2025	35.00	Officer	$0	$0	$0
VALERIE K FRIAS	CEO THROUGH SEP. 2024	35.00	Officer	$171,746	$3,617	$175,363
MARGERY GANN	COO	35.00	Highest	$141,486	$3,821	$145,307
RICHARD KRUZEL	CFO	35.00	Officer	$139,762	$10,370	$150,132
LISA GIOIOSA	CHIEF HUMAN RESOURCES OFFICER	35.00	Highest	$126,547	$23,060	$149,607
KEVIN MCCARTHY	CHIEF OF STAFF	35.00	Highest	$125,159	$15,164	$140,323
RAYMOND SANTOS	CHIEF DEVELOPMENT OFFICER	35.00	Highest	$139,924	$36,671	$176,595
NICOLA FAVORITO	PRESIDENT	2.00	Officer Director	$0	$0	$0
TOM COHAN	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
CRAIG MCANAUGH	TREASURER	2.00	Officer Director	$0	$0	$0
JOHN DOBIJA	QUALITY ASSURANCE COMMITTE	2.00	Director	$0	$0	$0
MARCIA BROWN	GOVERNANCE COMMITTEE CHAIR	2.00	Director	$0	$0	$0
YAN LIN	CLERK	2.00	Officer Director	$0	$0	$0
SUSAN KURIAKOSE	MEMBER	2.00	Director	$0	$0	$0
DEBBIE NOLAN	MEMBER	2.00	Director	$0	$0	$0
EDNA PRUCE	MEMBER	2.00	Director	$0	$0	$0
TISH ALLEN	MEMBER	2.00	Director	$0	$0	$0
RONALD LAMMY	MEMBER	2.00	Director	$0	$0	$0
JULIETTE JOHNSON	MEMBER	2.00	Director	$0	$0	$0
MARIE BORGELLA	MEMBER	2.00	Director	$0	$0	$0
JIN HUI JOO	MEMBER	2.00	Director	$0	$0	$0

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	$62,410,538	$60,730,330	$26,919,557	$1,680,208
2024	$59,817,910	$57,382,358	$25,565,799	$2,435,552
2023	$55,262,972	$53,146,516	$23,099,060	$2,116,456
2022	$50,976,438	$48,480,505	$18,738,837	$2,495,933
2021	$47,164,504	$45,136,819	$15,993,287	$2,027,685
2020	$45,082,787	$43,247,253	$13,966,946	$1,835,534
2019	$38,050,809	$37,433,211	$12,092,982	$617,598

SOUTHWEST BOSTON SENIOR SERVICES INC D/B/A ETHOS