SPECTRUM RINGWOOD APARTMENTS INC (EIN 521980506) - 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

1996

Legal Domicile

Principal Officer

DANNY ROSARIO

Phone

2013588000

Tax Period

2024-01-01 to 2024-12-31

SPECTRUM RINGWOOD APARTMENTS INC, founded in 1996, is a small nonprofit in the Human Services sector that reported $365K in total revenue in fiscal year 2024. Revenue surged 154% from the prior year, signaling strong growth momentum. The organization ran a surplus of $127K, a strong 35% operating margin.

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 $296,847

Program Service Revenue $67,205

Investment Income $863

Other Revenue $0

TOTAL REVENUE $364,915

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $208,310

Other Expenses $238,273

TOTAL EXPENSES $238,273

Year-over-Year Comparison

	2024	2023	Change
Revenue	$364,915	$143,454	+1.5%
Expenses	$238,273	$225,011	+0.1%
Net Income	$126,642	$-81,557	-2.6%

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

$638,713

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTOPHER L PERRY	PRESIDENT/CEO	0.20	Officer	$0	$54,495	$450,469
DANNY ROSARIO	CHIEF FINANCIAL OFFICER	0.20	Officer	$0	$32,365	$188,244
BRIAN TODD	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
DONNA CANNILLO	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
VINCENT OBRIEN	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

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	$364,915	$238,273	$1,355,702	$126,642
2023	$143,454	$225,011	$1,220,561	$-81,557
2022	$159,385	$211,730	$1,325,810	$-52,345
2021	$155,877	$213,586	$1,365,829	$-57,709
2020	$160,059	$318,011	$1,393,628	$-157,952
2019	$158,380	$226,159	$1,515,935	$-67,779
2018	$152,745	$233,389	$1,574,621	$-80,644

SPECTRUM RINGWOOD APARTMENTS INC