MALTA HOUSE INC

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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

2022-07-01 to 2023-06-30

MALTA HOUSE INC, founded in 1993, is a community nonprofit that reported $2.0M in total revenue in fiscal year 2022. Expenses of $2.2M exceeded revenue, resulting in a 10% operating deficit.

Mission

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

Program Service Accomplishments

Program 1

Expenses: $2,002,640 Revenue: $1,896,207

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 (2022)

Revenue Breakdown

Contributions & Grants $80,435

Program Service Revenue $1,896,207

Investment Income $2,154

Other Revenue $0

TOTAL REVENUE $1,978,796

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,002,640

Other Expenses $2,153,515

TOTAL EXPENSES $2,183,515

Year-over-Year Comparison

	2022	2021	Change
Revenue	$1,978,796	$1,940,691	+0.0%
Expenses	$2,183,515	$2,082,238	+0.0%
Net Income	$-204,719	$-141,547	+0.4%

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

$1,403,489

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV DANIEL CARSON	DIRECTOR (UNTIL 12/22)	0.50	Director	$0	$0	$0
TERRY FARRELL	DIRECTOR (UNTIL 12/22)	0.50	Director	$0	$0	$0
MICHAEL GILL	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
JAMES POPE	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
JULIE SMITH	DIRECTOR (UNTIL 12/22)	0.50	Director	$0	$0	$0
DONALD TOMASSO	DIRECTOR (AS OF 1/23)	0.50	Director	$0	$0	$0
LEILA A FINUCANE	PRESIDENT & CEO	1.00	Officer	$0	$47,410	$436,876
JACQUELINE R SMEDLEY	VICE PRESIDENT	1.00	Officer	$0	$32,393	$301,808
MICHELLE M LIMERES	TREASURER	1.00	Officer	$0	$40,020	$278,061
JEFFREY BLACKWELL	ASST. SECRETARY	1.00	Officer	$0	$39,711	$269,907
SARAH O'RIELLY	SECRETARY	1.00	Officer	$0	$20,428	$116,837
EDWARD CRESKOFF	SECRETARY (UNTIL 4/22)	1.00		$0	$11,825	$115,084

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