SIGNATURE HEALTH RE HOLDINGS INC

EIN: 851495841 Community Improvement

MENTOR, OH

Total Revenue
$121,265
Total Expenses
$361,513
Total Assets
$6,706,915
Net Assets
$-502,568
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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
2020
Legal Domicile
OH
Principal Officer
JONATHAN LEE
Phone
4405788200
Tax Period
2023-01-01 to 2023-12-31

SIGNATURE HEALTH RE HOLDINGS INC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $121K in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $362K exceeded revenue, resulting in a 198% operating deficit.

Mission

TO HOLD TITLE TO PROPERTY, COLLECTING INCOME THEREFROM, AND TURNING OVER THE ENTIRE AMOUNT, LESS EXPENSES, TO SIGNATURE HEALTH, INC. ("PARENT"), A 501(C)(3) CHARITABLE ORGANIZATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3,833
Other Revenue $117,432
TOTAL REVENUE $121,265

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $261,471
Other Expenses $361,513
TOTAL EXPENSES $361,513

Year-over-Year Comparison

2023 2022 Change
Revenue $121,265 $127,769 -0.1%
Expenses $361,513 $260,931 +0.4%
Net Income $-240,248 $-133,162 +0.8%
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

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Governance

Voting Members
4
Independent Members
3
Employees
N/A
Volunteers
4

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
$502,788
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID KANTOR VP 1.00
Director
$0 $0 $0
STEPHANIE MALBASA ESQ SECRETARY 1.00
Director
$0 $0 $0
JEAN POLSTER MEMBER 1.00
Director
$0 $0 $0
JONATHAN LEE PRESIDENT & CEO 1.00
Officer
$0 $40,011 $502,788
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 $121,265 $361,513 $6,706,915 $-240,248
2022 $127,769 $260,931 $7,371,716 $-133,162
2021 $37,749 $147,271 $7,128,043 $-109,522
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