Alvarium Healthcare Inc (EIN 824370040) - 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

2018

Legal Domicile

Principal Officer

James Settembrino

Phone

4842693508

Tax Period

2022-07-01 to 2023-06-30

Alvarium Healthcare Inc, founded in 2018, is a community nonprofit that reported $3.8M in total revenue in fiscal year 2022. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $4.2M exceeded revenue, resulting in a 11% operating deficit.

Mission

Provide treatment, support and care for persons with intellectual disabilities.

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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 $67,962

Program Service Revenue $3,679,254

Investment Income $0

Other Revenue $58,639

TOTAL REVENUE $3,805,855

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,823,877

Other Expenses $4,220,479

TOTAL EXPENSES $4,220,479

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,805,855	$6,172,061	-0.4%
Expenses	$4,220,479	$6,112,908	-0.3%
Net Income	$-414,624	$59,153	-8.0%

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

$2,431,843

Total Directors

$2,175,316

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ryan D Smith	Director	1.00	Officer Director	$12,704	$10,605	$1,307,425
Thomas S Papa	Treasurer	1.00	Officer Director	$0	$9,172	$565,788
Jason R Smith	CEO	25.00	Officer Director	$33,359	$10,624	$302,103
Cynthia Pachuta	Chairperson	1.00	Officer Director	$0	$0	$0
Keith Friebolin	Director	1.00	Director	$0	$0	$0
Frank Paradiso	Director	1.00	Director	$0	$0	$0
Jennifer P Gassen	Secretary	1.00	Officer	$0	$13,016	$256,527
Jeffrey Giovino	Executive VP and COO	1.00	Highest	$23,947	$8,597	$972,604
Kristin DeForest	VP, Quality & Compliance, APIS	1.00	Highest	$3,020	$13,165	$246,936
Elise M Tretola	VP, Integration & Development	10.00	Highest	$12,575	$1,307	$285,486
Eugene J Settembrino	VP of Western PA Region	1.00	Highest	$5,987	$1,717	$236,675
Christy Lewis	VP of Western PA Region	2.00	Highest	$9,966	$5,208	$237,681
Charles M Fedorco	Former President	0.00		$0	$0	$202,500
Justin M Hymon	Former President	0.00		$0	$0	$190,257
Cindy Bertrando	Former Treasurer	0.00		$0	$2,014	$109,880

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	$3,805,855	$4,220,479	$145,562	$-414,624
2022	$6,172,061	$6,112,908	$1,699,870	$59,153
2021	$6,174,932	$6,570,934	$930,446	$-396,002
2020	$3,506,388	$4,202,189	$1,382,277	$-695,801
2019	$702,964	$921,888	$799,966	$-218,924

Alvarium Healthcare Inc