MCLEAN AFFILIATES INC (EIN 261960246) - 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

2008

Legal Domicile

Principal Officer

LISA CLARK

Phone

8606583700

Tax Period

2023-10-01 to 2024-09-30

MCLEAN AFFILIATES INC, founded in 2008, is a mid-sized nonprofit in the Housing & Shelter sector that reported $33.1M in total revenue in fiscal year 2023. Expenses of $38.8M exceeded revenue, resulting in a 17% operating deficit.

Mission

MCLEAN AFFILIATES, INC. IS A NOT-FOR-PROFIT PROVIDER OF SENIOR LIVING (SEE SCHEDULE O) AND HEALTH CARE IN CONNECTICUT. MCLEAN AFFILIATES, INC. IS DEDICATED TO PROVIDING AND/OR COORDINATING WITH PARTNERS A FULL CONTINUUM OF QUALITY COST-EFFECTIVE HEALTH, HOUSING AND COMMUNITY SUPPORT SERVICES TO SENIORS AND OTHERS WITH HEALTH RELATED NEEDS.

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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 $785,993

Program Service Revenue $32,232,924

Investment Income $46,431

Other Revenue $41,184

TOTAL REVENUE $33,106,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,513,046

Fundraising Expenses $174,294

Program Expenses $35,881,767

Other Expenses $19,265,357

TOTAL EXPENSES $38,778,403

Year-over-Year Comparison

	2023	2022	Change
Revenue	$33,106,532	$31,069,919	+0.1%
Expenses	$38,778,403	$38,825,370	0.0%
Net Income	$-5,671,871	$-7,755,451	-0.3%

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

471

Volunteers

195

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

$645,903

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENIS HORRIGAN	TRUSTEE	2.00	Director	$0	$0	$0
JAMES COX-CHAPMAN	TRUSTEE	2.00	Director	$0	$0	$0
JARED GRISE	TRUSTEE	3.00	Director	$0	$0	$0
KATHLEEN ALSGAARD	TRUSTEE	2.00	Director	$0	$0	$0
LINDA SCHOFIELD	TRUSTEE	2.00	Director	$0	$0	$0
MARK WETZEL	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL PAINE	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
PHILIP SCHULZ	TRUSTEE	3.00	Director	$0	$0	$0
CAROL BARNO	VP OF FINANCE AND CFO	37.00	Officer	$243,937	$28,710	$272,647
LISA CLARK	PRESIDENT	38.00	Officer	$324,090	$49,166	$373,256
ANNE ROLFE	ADMINISTRATOR	40.00	Highest	$166,602	$28,775	$195,377
AURORA VITUG	RN SUPERVISOR	40.00	Highest	$217,717	$27,901	$245,618
BONNIE KU	VP OF HUMAN RESOURCES	40.00	Highest	$202,358	$25,808	$228,166
CARLENE RHEA	VP OF COMMUNITY LIFE	40.00	Highest	$172,845	$22,351	$195,196
JAMESON LUKASIEWICZ	VP OF SALES	40.00	Highest	$169,773	$30,920	$200,693

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	$33,106,532	$38,778,403	$103,545,956	$-5,671,871
2023	$31,069,919	$38,825,370	$105,192,732	$-7,755,451
2022	$28,640,371	$31,653,067	$123,246,574	$-3,012,696
2021	$28,380,962	$29,002,359	$119,028,138	$-621,397
2020	$28,786,053	$30,350,670	$113,229,042	$-1,564,617
2019	$29,944,885	$28,225,780	$44,764,595	$1,719,105
2018	$28,765,088	$26,704,176	$41,293,119	$2,060,912

MCLEAN AFFILIATES INC