Quabbin Healthcare Inc (EIN 812053488) - 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

2016

Legal Domicile

Principal Officer

Rozanna Penney

Phone

9786306106

Tax Period

2022-10-01 to 2023-09-30

Quabbin Healthcare Inc, founded in 2016, is a small nonprofit in the Mental Health sector that reported $449K in total revenue in fiscal year 2022. Expenses of $1.1M exceeded revenue, resulting in a 142% operating deficit.

Mission

To own and operate Behavioral Health and Addiction Recovery facilities. To provide education, healthcare, charitable activities and advocacy to and for those persons served by such facilities and generally engage in the practice of medicine as it related to Behavioral Health and Addiction Recovery.

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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 $0

Program Service Revenue $429,813

Investment Income $0

Other Revenue $19,290

TOTAL REVENUE $449,103

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $670,315

Other Expenses $1,088,867

TOTAL EXPENSES $1,088,867

Year-over-Year Comparison

	2022	2021	Change
Revenue	$449,103	$-656,819	-1.7%
Expenses	$1,088,867	$1,247,389	-0.1%
Net Income	$-639,764	$-1,904,208	-0.7%

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

$1,646,899

Total Directors

$1,899,216

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Chauvin	Chairman	0.20	Officer Director	$0	$0	$0
Roy Lake	Vice Chairman	0.20	Officer Director	$0	$0	$0
Albert Rose	2nd Vice Chairman	0.20	Officer Director	$0	$0	$0
Cheney Castine	Treasurer	0.20	Officer Director	$0	$0	$0
JoAnne Parks	Clerk	0.20	Officer Director	$0	$0	$0
Joyce Fletcher	Trustee	0.20	Director	$0	$0	$0
Frank Garofalo	Trustee	0.20	Director	$0	$43,500	$538,430
Glenn Hunt	Trustee	0.20	Director	$0	$0	$0
Thomas Kane	Trustee	0.20	Director	$0	$0	$0
Nicole Moorshead	Trustee	0.20	Director	$0	$0	$0
Craig Napolitano	Trustee	0.20	Director	$0	$0	$437,363
Elizabeth Nottleson	Trustee	0.20	Director	$0	$17,144	$349,847
Erin O'Hara	Trustee	0.20	Director	$0	$41,608	$573,576
Michelle Parker	Trustee	0.20	Director	$0	$0	$0
Tina Sbrega	Trustee	0.20	Director	$0	$0	$0
Joel Shaughnessy	Trustee	0.20	Director	$0	$0	$0
John Skrzypczak	Trustee	0.20	Director	$0	$0	$0
David Spackman	Trustee	0.20	Director	$0	$0	$0
Frank Sweeney	Trustee	0.20	Director	$0	$0	$0
Craig Twohey	Trustee	0.20	Director	$0	$0	$0
Kenneth Pierce	Past Trustee	0.20	Director	$0	$0	$0
Debra Vescovi	Past Trustee	0.20	Director	$0	$0	$0
Winfield Brown	Past President/CEO	0.20	Officer	$0	$61,276	$1,150,099
Thomas Sullivan	CFO	0.20	Officer	$0	$0	$186,589
Rozanna Penney	CEO	0.20	Officer	$0	$29,118	$310,211
Michael Abbatiello	Former Chief Financial Officer	0.20		$0	$45,872	$278,860

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
2023	$449,103	$1,088,867	$300,238	$-639,764
2022	$-656,819	$1,247,389	$378,846	$-1,904,208
2021	$1,071,746	$1,346,367	$5,475,729	$-274,621
2020	$1,191,935	$1,360,643	$5,808,705	$-168,708

Quabbin Healthcare Inc