SENIOR FRIENDSHIP CENTERS INC (EIN 591522614) - 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

1974

Legal Domicile

Principal Officer

ERIN MCLEOD

Phone

9419552122

Tax Period

2023-01-01 to 2023-12-31

SENIOR FRIENDSHIP CENTERS INC, founded in 1974, is a mid-sized nonprofit that reported $15.8M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

BUILDING VIBRANT COMMUNITIES BY ADVANCING WELLNESS, CONNECTION, & ENRICHING THE JOURNEY OF AGING.

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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 $2,225,695

Program Service Revenue $13,573,370

Investment Income $8,818

Other Revenue $-362

TOTAL REVENUE $15,807,521

Expense Breakdown

Grants Paid $770,515

Salaries & Benefits $4,497,252

Fundraising Expenses $897,860

Program Expenses $14,338,908

Other Expenses $10,980,168

TOTAL EXPENSES $16,247,935

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,807,521	$14,379,391	+0.1%
Expenses	$16,247,935	$14,189,113	+0.1%
Net Income	$-440,414	$190,278	-3.3%

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

118

Volunteers

562

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

$371,497

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN MCLEOD	PRESIDENT/CEO	40.00	Officer	$174,000	$40,867	$214,867
DAVID BLEHAR	CFO/COO	40.00	Officer	$136,973	$19,657	$156,630
MICHAEL JUCEAM	CHAIR	1.00	Officer Director	$0	$0	$0
KATHY SILVERBERG	VICE-CHAIR SOUTH	1.00	Officer Director	$0	$0	$0
PAM BARON MAHONEY	VICE-CHAIR NORTH	1.00	Officer Director	$0	$0	$0
PATRICIA COURTOIS	PAST CHAIR	1.00	Officer Director	$0	$0	$0
WENDY FISHMAN	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL CARAGIULO	SECRETARY	1.00	Officer Director	$0	$0	$0
PHILIP DEMING	DIRECTOR	1.00	Director	$0	$0	$0
GEORGE HOFMANN	DIRECTOR	1.00	Director	$0	$0	$0
ROBI LEACH	DIRECTOR (AS OF 01/23)	1.00	Director	$0	$0	$0
LAURA MAGNUSSON	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN MAISCH	DIRECTOR	1.00	Director	$0	$0	$0
JIM MEISTER	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER NIEDZINSKI	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE SCHLESINGER	DIRECTOR	1.00	Director	$0	$0	$0
DARWIN TEPE	DIRECTOR (AS OF 07/23)	1.00	Director	$0	$0	$0
ROBERT THOMAS	DIRECTOR	1.00	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	No data	No data	No data	No data
2023	$15,807,521	$16,247,935	$7,707,106	$-440,414
2022	$14,379,391	$14,189,113	$8,231,174	$190,278
2021	$14,603,342	$12,985,320	$7,718,507	$1,618,022
2020	$13,305,972	$14,106,240	$6,404,569	$-800,268
2019	$15,025,394	$15,552,652	$6,656,898	$-527,258
2018	$14,097,555	$14,844,480	$7,166,919	$-746,925

SENIOR FRIENDSHIP CENTERS INC