MALTA HOUSE INC (EIN 521845215) - 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

1993

Legal Domicile

Principal Officer

LEILA A FINUCANE

Phone

3014936000

Tax Period

2023-07-01 to 2023-12-31

MALTA HOUSE INC, founded in 1993, is a community nonprofit that reported $1.0M in total revenue in fiscal year 2023. Revenue fell 47% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 19% operating deficit.

Mission

ASSISTED LIVING RESIDENCE FOR LOW- AND MODERATE-INCOME FRAIL ELDERLY PERSONS.

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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 $24,640

Program Service Revenue $966,881

Investment Income $-1,870

Other Revenue $50,882

TOTAL REVENUE $1,040,533

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,157,732

Other Expenses $1,242,639

TOTAL EXPENSES $1,242,639

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,040,533	$1,978,796	-0.5%
Expenses	$1,242,639	$2,213,515	-0.4%
Net Income	$-202,106	$-234,719	-0.1%

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

$1,043,633

Total Directors

Key Employees

$577,459

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DONALD TOMASSO	DIRECTOR	0.50	Director	$0	$0	$0
JAMES POPE	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL GILL	DIRECTOR	0.50	Director	$0	$0	$0
JACQUELINE R SMEDLEY	VICE PRESIDENT	1.00	Officer	$0	$43,589	$323,991
LEILA A FINUCANE	PRESIDENT & CEO	1.00	Officer	$0	$54,890	$466,442
SARAH O'RIELLY	SECRETARY	1.00	Officer	$0	$40,398	$253,200
JEFFREY BLACKWELL	ASST SECRETARY	1.00	Key Emp	$0	$41,189	$286,392
MICHELLE M LIMERES	TREASURER	1.00	Key Emp	$0	$42,407	$291,067

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	No data	No data	No data	No data
2023	$1,978,796	$2,183,515	$1,586,550	$-204,719
2023	$1,040,533	$1,242,639	$1,855,419	$-202,106
2022	$1,940,691	$2,082,238	$1,725,336	$-141,547
2021	$2,021,206	$2,107,061	$1,903,984	$-85,855
2020	$1,780,277	$1,878,483	$2,301,569	$-98,206
2019	$1,538,726	$1,472,412	$2,147,248	$66,314
2018	$1,578,343	$1,471,814	$2,123,271	$106,529

MALTA HOUSE INC