89 SOUTH CARE SUPPORT INC (EIN 823380934) - 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

2017

Legal Domicile

Principal Officer

RICHARD HERRICK

Phone

4134454056

Tax Period

2024-06-01 to 2025-05-31

89 SOUTH CARE SUPPORT INC, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $4.6M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $3.0M, a strong 64% operating margin.

Mission

TO ENHANCE AND IMPROVE THE QUALITY OF LIFE OF OLDER ADULTS SUPPORTED BY BERKSHIRE RETIREMENT HOME, INC. AND PROVIDING HOME CARE SERVICES AND RESIDENCY FOR OLDER ADULTS.

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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 $903,475

Program Service Revenue $1,718,262

Investment Income $1,984,215

Other Revenue $0

TOTAL REVENUE $4,605,952

Expense Breakdown

Grants Paid $0

Salaries & Benefits $831,785

Fundraising Expenses $0

Program Expenses $1,137,042

Other Expenses $814,435

TOTAL EXPENSES $1,646,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,605,952	$3,762,290	+0.2%
Expenses	$1,646,220	$1,508,883	+0.1%
Net Income	$2,959,732	$2,253,407	+0.3%

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

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

$307,142

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EDWARD FORFA	EXECUTIVE DIRECTOR	20.00	Officer	$143,766	$19,610	$307,142
JOHN MURPHY	PRESIDENT	0.50	Officer Director	$0	$0	$0
MARK GILLIGAN	VICE-PRESIDENT	0.50	Officer Director	$0	$0	$0
NELSON FURLANO	SECRETARY/CLERK/IMMED PAST PRES	0.50	Officer Director	$0	$0	$0
RICHARD HERRICK	TREASURER	0.50	Officer Director	$0	$0	$0
DOROTHY MARA	MEMBER/TREASURER UNTIL 10/24	0.50	Officer 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
2025	$4,605,952	$1,646,220	$34,207,175	$2,959,732
2024	$3,762,290	$1,508,883	$30,755,011	$2,253,407
2023	$1,567,045	$1,422,528	$26,683,866	$144,517
2022	$1,785,474	$1,389,705	$26,959,750	$395,769
2021	$2,383,961	$1,471,287	$25,903,113	$912,674
2020	$698,998	$1,213,508	$20,701,508	$-514,510
2019	$574,144	$623,390	$17,918,678	$-49,246
2018	$14,520,129	$205,168	$14,088,276	$14,314,961

89 SOUTH CARE SUPPORT INC