MALTA HOUSE OF CARE-WATERBURY INC … - 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

2010

Legal Domicile

Principal Officer

MICHAEL C CULHANE

Phone

2037581037

Tax Period

2023-01-01 to 2023-12-31

MALTA HOUSE OF CARE-WATERBURY INC C/O MICHAEL C CULHANE, founded in 2010, is a small nonprofit in the Health Care sector that reported $139K in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $512K represent 44 months of operating reserves.

Mission

TO PROVIDE FREE MEDICAL CARE AND PHARMACEUTICALS TO INDIVIDUALS WITHOUT HEALTH INSURANCE RESIDING IN THE GREATER WATERBURY REGION.

Program Service Accomplishments

Program 1

Expenses: $149,001

MEDICAL CARE AND PHAMACEUTICALS PROVIDED TO INDIVIDUALS WITHOUT HEALTH INSURANCE.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $138,868

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $138,868

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $149,001

Other Expenses $149,001

TOTAL EXPENSES $149,001

Year-over-Year Comparison

	2023	2022	Change
Revenue	$138,868	$117,842	+0.2%
Expenses	$149,001	$134,424	+0.1%
Net Income	$-10,133	$-16,582	-0.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL C CULHANE	CHAIRMAN	6.00	Officer Director	$0	$0	$0
PAUL F KELLY MD	PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
GREGORY S ONEGLIA	TREASURER	2.00	Officer Director	$0	$0	$0
PETER G KELLY	DIRECTOR	2.00	Director	$0	$0	$0
MICHAEL F SIMMS MD	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE S SWIDERSKIRN	DIRECTOR	2.00	Director	$0	$0	$0
MARIE A VITARELLIRN	DIRECTOR	6.00	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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$138,868	$149,001	$511,743	$-10,133
2022	$117,842	$134,424	$521,876	$-16,582
2021	$105,943	$105,200	$538,458	$743
2020	$96,329	$97,668	$537,715	$-1,339
2019	$102,892	$112,896	$539,054	$-10,004
2018	$103,231	$115,607	$549,058	$-12,376

MALTA HOUSE OF CARE-WATERBURY INC C/O MICHAEL C CULHANE