SMH ADMINISTRATIVE SERVICES

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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

2010

Legal Domicile

Principal Officer

SEAN LALLY

Phone

7188192889

Tax Period

2024-01-01 to 2024-12-31

SMH ADMINISTRATIVE SERVICES, founded in 2010, is a mid-sized nonprofit in the Health Care sector that reported $20.3M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

SMH ADMINISTRATIVE SERVICES, INC. ("SMA") IS A NOT-FOR-PROFIT CORPORATION PROVIDING ADMINISTRATIVE SUPPORT TO AFFILIATED NOT-FOR-PROFIT ORGANIZATIONS SERVING CHILDREN REQUIRING MEDICAL AND REHABILITATIVE SERVICES. ST. MARY'S HEALTHCARE SYSTEM FOR CHILDREN, INC. ("SMHSC")IS THE SOLE CORPORATE MEMBER OF SMH ADMINISTRATIVE SERVICES, INC. OTHER MEMBERS OF SMHSC INCLUDE ST. MARY'S HOSPITAL FOR CHILDREN, INC.("SMH"), ST MARY'S FOUNDATION FOR CHILDREN, INC. ("FOUNDATION"), ST. MARY'S REHABILITATION CENTER FOR CHILDREN ("SMRCC"), ST. MARY'S COMMUNITY CARE PROFESSIONALS, INC. ("CCP") AND EXTRAORDINARY HOME CARE D/B/A ST. MARY'S HOME CARE. THE PRIMARY SOURCES OF REVENUES ARE FEES FROM PROVIDING ADMINISTRATIVE SUPPORT SERVICES TO AFFILIATED NOT-FOR-PROFIT ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $200,000

SMH ADMINISTRATIVE SERVICES, INC. ("SMA") IS A NOT-FOR-PROFIT CORPORATION PROVIDING ADMINISTRATIVE SUPPORT TO AFFILIATED NOT-FOR-PROFIT ORGANIZATIONS SERVING CHILDREN REQUIRING SPECIALIZED MEDICAL...

SMH ADMINISTRATIVE SERVICES, INC. ("SMA") IS A NOT-FOR-PROFIT CORPORATION PROVIDING ADMINISTRATIVE SUPPORT TO AFFILIATED NOT-FOR-PROFIT ORGANIZATIONS SERVING CHILDREN REQUIRING SPECIALIZED MEDICAL AND REHABILITATIVE SERVICES. SERVICES INCLUDE EXECUTIVE LEADERSHIP, FINANCIAL MANAGEMENT, HUMAN RESOURCES MANAGEMENT, INFORMATION TECHNOLOGY AND TELECOMMUNICATIONS, AND OTHER ADMINISTRATIVE SUPPORT SERVICES.SMH ADMINISTRATIVE SERVICE'S REPORTS NO PROGRAMMATIC EXPENSES IN PART III BECAUSE ITS PRIMARY PROGRAMMATIC ACTIVITY IS TO PROVIDE ADMINISTRATIVE AND MANAGEMENT SERVICES TO ITS RELATED TAX-EXEMPT AFFILLIATED ORGANIZATIONS; ACCORDINGLY, ALL EXPENSES ARE REPORTED AS ADMINISTRATIVE ON THE FUNCTIONAL EXPENSE SCHEDULE (PART IX)

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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 $200,000

Program Service Revenue $20,112,010

Investment Income $0

Other Revenue $0

TOTAL REVENUE $20,312,010

Expense Breakdown

Grants Paid $200,000

Salaries & Benefits $14,275,231

Fundraising Expenses $0

Program Expenses $200,000

Other Expenses $5,836,779

TOTAL EXPENSES $20,312,010

Year-over-Year Comparison

	2024	2023	Change
Revenue	$20,312,010	$18,582,836	+0.1%
Expenses	$20,312,010	$18,582,836	+0.1%
Net Income	$0	N/A	N/A

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

Volunteers

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

$3,988,520

Total Directors

$1,019,859

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWIN F SIMPSER MD	President & CEO	37.50	Officer Director	$935,816	$84,043	$1,019,859
WILLIAM L MEAD	COO/CFO	37.50	Officer	$614,355	$67,850	$682,205
CARLA CANGEMI	VP/CMO	37.50	Officer	$503,385	$52,993	$556,378
SEAN LALLY	EVP Foundation	37.50	Officer	$464,872	$63,406	$528,278
ADAM WAXER	General Counsel	37.50	Officer	$362,878	$65,225	$428,103
PATRICIA HACKENJOS	VP of HR	37.50	Officer	$326,028	$74,199	$400,227
STEVEN POLINSKY	CIO	37.50	Officer	$318,787	$54,683	$373,470
DAWN CUGLIETTO-GRETHEL	AVP RESEARCH & INN	37.50		$220,285	$66,925	$287,210
MELISSA SANDLER	DIRECTOR OF FINANC	37.50		$219,762	$57,044	$276,806
JOSEPH FERRARA	DIRECTOR OF DEVELO	37.50		$190,058	$51,004	$241,062
MANUEL SILVA	ASSISTANT DIRECTOR	37.50		$172,616	$49,790	$222,406
STEWART MACLEOD	PROJECT MANAGER	37.50		$164,804	$49,149	$213,953
STEPHEN BRENT WELLS	Chairman	1.50	Officer Director	$0	$0	$0
SAMUEL R KARETSKY	Secretary/TREAS	1.00	Officer 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
2024	$20,312,010	$20,312,010	$11,235,252	No data
2023	$18,582,836	$18,582,836	$12,516,395	No data
2022	$16,664,965	$16,664,965	$13,667,335	No data
2021	$16,931,458	$16,931,458	$19,106,723	No data
2020	$15,629,555	$15,629,555	$17,000,340	No data
2019	$15,336,843	$15,336,843	$12,965,359	No data
2018	$11,785,298	$11,785,298	$8,414,588	No data