MULBERRY GARDENS OF SOUTHINGTON LLC (EIN 820586577) - 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

2003

Legal Domicile

Principal Officer

Eric Smullen

Phone

8602761020

Tax Period

2023-10-01 to 2024-09-30

MULBERRY GARDENS OF SOUTHINGTON LLC, founded in 2003, is a community nonprofit in the Human Services sector that reported $7.1M in total revenue in fiscal year 2023. Expenses of $6.9M left a modest 3% surplus.

Mission

Assisted living facility and adult day care 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 $19,580

Program Service Revenue $7,119,751

Investment Income $0

Other Revenue $367

TOTAL REVENUE $7,139,698

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,569,101

Fundraising Expenses $0

Program Expenses $5,585,328

Other Expenses $2,330,336

TOTAL EXPENSES $6,899,437

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,139,698	$6,677,846	+0.1%
Expenses	$6,899,437	$6,634,078	+0.0%
Net Income	$240,261	$43,768	+4.5%

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

N/A

Employees

118

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

$5,809,978

Total Directors

$6,082,261

Key Employees

$774,536

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chibueze Agba	Director, President	2.00	Officer Director	$0	$235,578	$1,934,908
Tracy Church	Director, Chair (Thru 04/2024)	2.00	Officer Director	$0	$70,458	$1,459,767
Rocco Orlando MD	Director, Secretary	2.00	Officer Director	$0	$85,981	$1,123,373
MaryEllen Kosturko	Director & Chair (eff 04/10/24)	2.00	Officer Director	$0	$112,406	$836,537
Eric Smullen	Director	1.00	Director	$0	$72,288	$727,676
David Baranik	VP, Finance	6.00	Officer	$0	$28,244	$455,393
Laurie St John	Former Key Empl, VP, Clinical Svcs	0.00		$0	$23,010	$432,538
Lisa Connolly	VP, Community Network Services	10.00	Key Emp	$0	$57,910	$421,786
Heather DePaolo	VP, Human Resources	10.00	Key Emp	$0	$38,818	$352,750
Jacquelyn Gaulin	Exec Dir Assisted Living	60.00	Highest	$147,085	$36,489	$183,574
Rebecca Elliott	Director Resident Care	60.00	Highest	$101,652	$25,731	$127,383

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	$7,139,698	$6,899,437	$8,451,293	$240,261
2023	$6,677,846	$6,634,078	$8,331,132	$43,768
2022	$6,113,301	$6,229,218	$8,669,905	$-115,917
2021	$5,449,636	$5,883,272	$8,196,066	$-433,636
2020	$6,327,667	$6,739,971	$9,104,339	$-412,304
2019	$7,105,186	$7,078,916	$9,723,125	$26,270
2018	$6,903,077	$6,650,376	$9,511,594	$252,701

MULBERRY GARDENS OF SOUTHINGTON LLC