SPECTRUM FOR LIVING - MIDDLESEX INC

EIN: 521647011 501(c)(3)

RIVER VALE, NJ

Total Revenue
$1,375,684
Total Expenses
$3,945,691
Total Assets
N/A
Net Assets
N/A
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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
NJ
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 the opportunity to attain their highest level of skills, purpose and independence.

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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%)

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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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Governance

Voting Members
13
Independent Members
13
Employees
N/A
Volunteers
13

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
8
$0
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
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
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