SERENITY CARE INC (EIN 680620485) - 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

2006

Legal Domicile

Principal Officer

MARGARITA BLANTER

Phone

4137345445

Tax Period

2023-10-01 to 2024-09-30

SERENITY CARE INC, founded in 2006, is a mid-sized nonprofit in the Human Services sector that reported $47.9M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PROVIDE ADULT DAY CARE AND PROGRAMS OF ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) SERVICES.

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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 $120,323

Program Service Revenue $47,597,446

Investment Income $206,294

Other Revenue $0

TOTAL REVENUE $47,924,063

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,602,832

Fundraising Expenses $0

Program Expenses $48,045,330

Other Expenses $46,340,094

TOTAL EXPENSES $51,942,926

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,924,063	$44,235,636	+0.1%
Expenses	$51,942,926	$44,469,164	+0.2%
Net Income	$-4,018,863	$-233,528	+16.2%

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

Volunteers

N/A

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

$200,000

Total Directors

$458,183

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RIMMA ZELFAND	DIRECTOR SERENITY CARE PAC	40.00	Director	$258,183	$0	$258,183
KAREN NUNES RN MDIV	CHAIRMAN OF THE BOARD	0.50	Director	$0	$0	$0
BEVERLY JANSEN	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL ORLOV MD	DIRECTOR	0.50	Director	$0	$0	$0
MARGARITA BLANTER RN MS	PRESIDENT, TREASURER, CLER	40.00	Officer Director	$200,000	$0	$200,000
BORIS TSIRELSON	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT EISENBERG	DIRECTOR	0.50	Director	$0	$0	$0
MICHAEL RUBIN ESQ	DIRECTOR	0.50	Director	$0	$0	$0
VERA TSIRELSON	DIRECTOR	0.05	Director	$0	$0	$0
IDAN IRELANDER	DIRECTOR	0.05	Director	$0	$0	$0
ALLA BLUMSTEIN	PARTICIPANT REPRESENTATIVE	0.05	Director	$0	$0	$0
ANDREW STEINER	DIRECTOR OF CONTRACTS & ST	40.00	Highest	$213,962	$0	$213,962
MARGARITA NORTON MOROZ	PACE DEPUTY DIRECTOR	40.00	Highest	$200,000	$0	$200,000
DANIELLA BESSARABOVA	COMPLIANCE OFFFICER	40.00	Highest	$191,378	$0	$191,378
OLGA DEMCHUK	PACE DIRECTOR	40.00	Highest	$170,000	$0	$170,000
ALEXANDRE ALEXEYENKO	MEDICAL DIRECTOR	1.00	Highest	$126,000	$0	$126,000

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	$47,924,063	$51,942,926	$13,805,434	$-4,018,863
2023	$44,235,636	$44,469,164	$15,798,849	$-233,528
2022	$43,851,569	$42,833,657	$16,216,790	$1,017,912
2021	$39,517,689	$37,950,489	$11,753,267	$1,567,200
2020	$38,151,567	$36,611,437	$11,357,140	$1,540,130
2019	$34,279,525	$34,462,894	$8,071,369	$-183,369

SERENITY CARE INC