SPECTRUM FOR LIVING - MIDDLESEX INC - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

CHRISTOPHER PERRY

Phone

2013588000

Tax Period

2020-01-01 to 2020-04-30

SPECTRUM FOR LIVING - MIDDLESEX INC, founded in 1989, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2020. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 187% operating deficit.

Mission

TO ENABLE INDIVIDUALS WHO HAVE DEVELOPMENTAL AND/OR PHYSICAL DISABILITIES TO HAVE TO OPPORTUNITY TO ATTAIN THEIR HIGHEST LEVEL OF SKILLS, PURPOSE AND INDEPENDENCE WITH DIGNITY THROUGH AN ONGOING COMMITMENT TO COMPREHENSIVE QUALITY SERVICES, ADVOCACY AND FAMILY PARTNERSHIP.

Program Service Accomplishments

Program 1

Expenses: $3,504,553 Revenue: $962,062

Provide housing facilities and services for twenty-three (23) developmentally disabled adults specifically designed to meet their physical, social, and psychological needs and to promote their...

Provide housing facilities and services for twenty-three (23) developmentally disabled adults specifically designed to meet their physical, social, and psychological needs and to promote their health, security, happiness and usefulness in longer living.

Program 2

Expenses: $340,514 Revenue: $375,862

Provide fifty-four (54) developmentally disabled persons with training and vocational services designed to meet their physical, social and psychological needs and to promote their health, security...

Provide fifty-four (54) developmentally disabled persons with training and vocational services designed to meet their physical, social and psychological needs and to promote their health, security, happiness and usefulness in longer living.

Program 3

Expenses: $210 Revenue: $475

Provide community respite and recreational services to developmentally disabled adults.

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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 (2020)

Revenue Breakdown

Contributions & Grants $37,847

Program Service Revenue $1,337,924

Investment Income $-562

Other Revenue $475

TOTAL REVENUE $1,375,684

Expense Breakdown

Grants Paid $2,770,831

Salaries & Benefits $751,676

Fundraising Expenses $0

Program Expenses $3,845,277

Other Expenses $423,184

TOTAL EXPENSES $3,945,691

Year-over-Year Comparison

	2020	2019	Change
Revenue	$1,375,684	$4,287,916	-0.7%
Expenses	$3,945,691	$3,854,938	+0.0%
Net Income	$-2,570,007	$432,978	-6.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONNA CANNILLO	TRUSTEE	0.2	Director	$0	$0	$0
MICHAEL CARPENTER	TREASURER-TRUSTEE	0.2	Officer Director	$0	$0	$0
SUE FREMONT	TRUSTEE	0.2	Director	$0	$0	$0
THOMAS GALLIONE	TRUSTEE	0.2	Director	$0	$0	$0
BRIAN TODD	VICE CHAIR-TRUSTEE	0.2	Officer Director	$0	$0	$0
CHRISTINE LAROCCA ESQ	TRUSTEE	0.2	Director	$0	$0	$0
LESLIE LOGEL	TRUSTEE	0.2	Director	$0	$0	$0
PATRICIA MAURIZI	TRUSTEE	0.2	Director	$0	$0	$0
ISABELLE JACOBS	TRUSTEE	0.2	Director	$0	$0	$0
MAUREEN PALLATTA	Trustee	0.2	Director	$0	$0	$0
ROSEANNE PSOMAS	SECRETARY-TRUSTEE	0.2	Officer Director	$0	$0	$0
MARTIN SEMAR	CHAIR-TRUSTEE	0.2	Officer Director	$0	$0	$0
VINCENT O'BRIEN	TRUSTEE	0.2	Director	$0	$0	$0
CHRISTOPHER L PERRY	PRESIDENT/CEO	0.2	Officer	$0	$0	$0
WILLIAM G MUILENBURG	CHIEF FINANCE OFFICER	0.2	Officer	$0	$0	$0
JESSICA PALENCIA	CHIEF HUMAN RESOURCES OFFICER	0.2	Officer	$0	$0	$0
THOMAS DONAHUE	CHIEF PROGRAM OFFICER	0.2	Officer	$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
2020	$1,375,684	$3,945,691	No data	$-2,570,007
2019	$4,287,916	$3,854,938	$2,904,261	$432,978
2018	$3,744,372	$3,628,007	$3,327,483	$116,365

SPECTRUM FOR LIVING - MIDDLESEX INC