SPECTRUM HAWORTH HOME INC (EIN 521891859) - 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

1994

Legal Domicile

Principal Officer

DANNY ROSARIO

Phone

2013588000

Tax Period

2024-01-01 to 2024-12-31

SPECTRUM HAWORTH HOME INC, founded in 1994, is a micro nonprofit in the Housing & Shelter sector that reported $57K in total revenue in fiscal year 2024. Revenue decreased 18% compared to the prior year. Expenses of $72K exceeded revenue, resulting in a 26% 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $33,125

Program Service Revenue $23,895

Investment Income $35

Other Revenue $0

TOTAL REVENUE $57,055

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $66,339

Other Expenses $72,013

TOTAL EXPENSES $72,013

Year-over-Year Comparison

	2024	2023	Change
Revenue	$57,055	$69,728	-0.2%
Expenses	$72,013	$104,789	-0.3%
Net Income	$-14,958	$-35,061	-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

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

$638,712

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN TODD	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
DONNA CANNILLO	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
VINCENT O'BRIEN	TREASURER	0.20	Officer Director	$0	$0	$0
ROSEANNE PSOMAS	SECRETARY	0.20	Officer Director	$0	$0	$0
PAUL BLAUSTEIN	TRUSTEE	0.20	Director	$0	$0	$0
MICHAEL CARPENTER	TRUSTEE	0.20	Director	$0	$0	$0
FRANK FIORE	TRUSTEE	0.20	Director	$0	$0	$0
SUE FREMONT	TRUSTEE	0.20	Director	$0	$0	$0
ISABELLE JACOBS	TRUSTEE	0.20	Director	$0	$0	$0
CHRISTINE LAROCCA ESQ	TRUSTEE	0.20	Director	$0	$0	$0
PATRICIA MAURIZI	TRUSTEE	0.20	Director	$0	$0	$0
MAUREEN PALLATTA	TRUSTEE	0.20	Director	$0	$0	$0
NANCY RAPUZZI	TRUSTEE	0.20	Director	$0	$0	$0
MARTIN SEMAR	TRUSTEE	0.20	Director	$0	$0	$0
STANLEY WYNMAN	TRUSTEE	0.20	Director	$0	$0	$0
CHRISTOPHER L PERRY	PRESIDENT/CEO	0.20	Officer	$0	$54,495	$450,469
DANNY ROSARIO	CHIEF FINANCIAL OFFICER	0.20	Officer	$0	$32,365	$188,243

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	$57,055	$72,013	$496,739	$-14,958
2023	$69,728	$104,789	$506,531	$-35,061
2022	$66,031	$76,498	$532,719	$-10,467
2021	$93,573	$69,007	$528,608	$24,566
2019	$68,569	$68,437	$556,801	$132
2018	$68,864	$71,810	$547,934	$-2,946

SPECTRUM HAWORTH HOME INC