SHOLOM HOME EAST INC (EIN 410695462) - 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

1906

Legal Domicile

Principal Officer

JIM NEWBROUGH

Phone

6516466311

Tax Period

2023-10-01 to 2024-09-30

SHOLOM HOME EAST INC, founded in 1906, is a mid-sized nonprofit in the Housing & Shelter sector that reported $24.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

NURSING HOME FOR THE ELDERLY.

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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 $2,010,222

Program Service Revenue $21,870,811

Investment Income $333,725

Other Revenue $291,144

TOTAL REVENUE $24,505,902

Expense Breakdown

Grants Paid $23,234

Salaries & Benefits $14,470,407

Fundraising Expenses $0

Program Expenses $19,087,516

Other Expenses $10,556,440

TOTAL EXPENSES $25,050,081

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,505,902	$21,392,686	+0.1%
Expenses	$25,050,081	$22,681,581	+0.1%
Net Income	$-544,179	$-1,288,895	-0.6%

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

313

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

$949,585

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID NIRENSTEIN	PRESIDENT	1.00	Officer Director	$0	$0	$0
BOB MEICHES	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
RENEE LAMPERT	TREASURER	1.00	Officer Director	$0	$0	$0
LAYNE ROSEN	SECRETARY	1.00	Officer Director	$0	$0	$0
LINDA STEIN	DIRECTOR	1.00	Director	$0	$0	$0
SONIA UNGERMAN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL SCHANFIELD	DIRECTOR	1.00	Director	$0	$0	$0
SHERYL RUTZICK	DIRECTOR	1.00	Director	$0	$0	$0
JERRY RUDICK	DIRECTOR	1.00	Director	$0	$0	$0
JEREMY PIEROTTI	DIRECTOR	1.00	Director	$0	$0	$0
DOUG WEISSMAN	DIRECTOR	1.00	Director	$0	$0	$0
KIM WOLSON	DIRECTOR	1.00	Director	$0	$0	$0
MIKE RESIG	DIRECTOR	1.00	Director	$0	$0	$0
LISA FURMAN	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT SEILER	DIRECTOR	1.00	Director	$0	$0	$0
MARC SALITA	DIRECTOR	1.00	Director	$0	$0	$0
LISA EDSTROM	DIRECTOR (RESIGNED ON 1/30/24)	1.00	Director	$0	$0	$0
JON STONE	DIRECTOR	1.00	Director	$0	$0	$0
JIM NEWBROUGH	CEO	5.00	Officer	$0	$0	$0
ANN THOLE	COO	5.00	Officer	$0	$7,894	$257,384
DAVID BERRYMAN	CFO	5.00	Officer	$0	$17,686	$272,471
BARB KLICK	CEO	5.00	Officer	$0	$22,194	$419,730
DENIS OGONCHO	RN	40.00	Highest	$246,430	$39	$246,469
KARISSA POPE	DON	40.00	Highest	$118,021	$7,619	$125,640
RUTH AKALE	LPN	40.00	Highest	$171,566	$12,319	$183,885
MELROSE KARGBO-DAVIES	LPN	40.00	Highest	$194,710	$13,207	$207,917
BETELHEM NEGA	RN	40.00	Highest	$169,580	$21	$169,601

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	$24,505,902	$25,050,081	$53,162,590	$-544,179
2023	$21,392,686	$22,681,581	$52,610,091	$-1,288,895
2022	$19,720,008	$21,002,745	$51,768,196	$-1,282,737
2021	$20,264,604	$19,975,072	$55,805,227	$289,532
2020	$21,026,378	$20,010,783	$53,205,974	$1,015,595
2019	$21,878,014	$21,232,935	$51,886,032	$645,079
2018	$20,672,159	$20,381,560	$51,036,368	$290,599

SHOLOM HOME EAST INC