HATTIE LARLHAM CENTER FOR CHILDREN WITH DISABILITIES (EIN 340963865) - 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

1963

Legal Domicile

Principal Officer

STEPHEN COLECCHI

Phone

3302742272

Tax Period

2024-01-01 to 2024-12-31

HATTIE LARLHAM CENTER FOR CHILDREN WITH DISABILITIES, founded in 1963, is a mid-sized nonprofit in the Human Services sector that reported $79.2M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $71.9M left a modest 9% surplus.

Mission

HATTIE LARLHAM IS A NONPROFIT ORGANIZATION THAT CREATES OPPORTUNITIES FOR CHILDREN AND ADULTS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. STATEWIDE, THE ORGANIZATION PROVIDES MEDICAL, RESIDENTIAL, RECREATIONAL, WORK TRAINING AND COMMUNITY EMPLOYMENT SERVICES TO MORE THAN 1,600 PEOPLE ANNUALLY. HATTIE LARLHAM IS PROUD TO PROVIDE THESE SERVICES, WHICH BENEFIT NOT ONLY THE PEOPLE WITH DISABILITIES SERVED BY THE ORGANIZATION, BUT ALSO THEIR FAMILIES, LOVED ONES, AND COMMUNITIES.

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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 $114,038

Program Service Revenue $76,841,772

Investment Income $843,679

Other Revenue $1,417,544

TOTAL REVENUE $79,217,033

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,728,864

Fundraising Expenses $262,011

Program Expenses $64,129,627

Other Expenses $15,170,783

TOTAL EXPENSES $71,899,647

Year-over-Year Comparison

	2024	2023	Change
Revenue	$79,217,033	$65,111,793	+0.2%
Expenses	$71,899,647	$65,975,312	+0.1%
Net Income	$7,317,386	$-863,519	-9.5%

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

1299

Volunteers

221

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

$581,193

Total Directors

$470,566

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN COLECCHI	CEO, ASSISTANT SECRETARY	45.00	Officer Director	$362,044	$37,022	$399,066
MIKE WEINHARDT	PRESIDENT	5.00	Officer Director	$0	$0	$0
KATHLEEN SANNITI	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
JIM VIROST	TREASURER	0.50	Officer Director	$0	$0	$0
DAN GLESSNER	SECRETARY	0.50	Officer Director	$0	$0	$0
PETER BILLINGTON	DIRECTOR	0.50	Director	$0	$0	$0
DALE BRINKMAN	DIRECTOR	0.50	Director	$0	$0	$0
TOM CALDWELL	DIRECTOR	0.50	Director	$0	$0	$0
BRENNAN DIAS	DIRECTOR	0.50	Director	$0	$0	$0
JEFF FOSTER	DIRECTOR	0.50	Director	$0	$0	$0
RON PAGANO	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL RAPAPORT	DIRECTOR	0.50	Director	$0	$0	$0
DR RICHARD GROSSBERG	DIRECTOR	12.00	Director	$71,500	$0	$71,500
JOEY ARNOLD	DIRECTOR	0.50	Director	$0	$0	$0
TINA SANZONE	DIRECTOR	0.50	Director	$0	$0	$0
GREG SNYDER	CFO - PART YEAR	45.00	Officer	$123,405	$3,652	$127,057
JOHN KEVERKAMP	CFO	45.00	Officer	$41,656	$13,414	$55,070
NEIL EVERETT	VP, HUMAN RESOURCES	45.00	Highest	$164,919	$31,852	$196,771
SANDRA CINCH	VICE PRESIDENT	45.00	Highest	$162,198	$29,802	$192,000
MARY HOROSZKO	CHIEF DEVELOPMENT OFFICER	15.00	Highest	$203,448	$20,360	$223,808
SHANNAN RITCHIE	VP, BUSINESS DEVELOPMENT & CSO	45.00	Highest	$217,158	$41,068	$258,226
RICHARD BRADLEY	CONTROLLER	45.00	Highest	$137,504	$24,233	$161,737

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	$79,217,033	$71,899,647	$52,287,672	$7,317,386
2023	$65,111,793	$65,975,312	$43,591,713	$-863,519
2022	$61,413,673	$59,462,665	$44,156,731	$1,951,008
2021	$55,930,058	$53,980,910	$39,938,774	$1,949,148
2020	$57,810,824	$49,976,412	$37,611,822	$7,834,412
2019	$50,242,113	$49,637,955	$31,419,341	$604,158
2018	$21,144,865	$19,654,449	$29,581,927	$1,490,416

HATTIE LARLHAM CENTER FOR CHILDREN WITH DISABILITIES