MOUNT SINAI ELDERCARE INC (EIN 861888783) - 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

2021

Legal Domicile

Principal Officer

GINO SANTORIO

Phone

9042344338

Tax Period

2023-01-01 to 2023-12-31

MOUNT SINAI ELDERCARE INC, founded in 2021, is a small nonprofit in the Health Care sector that reported $435K in total revenue in fiscal year 2023. Expenses of $2.5M exceeded revenue, resulting in a 471% operating deficit.

Mission

TO AID SENIORS IN REMAINING IN THE COMMUNITY THROUGH TEAM-BASED, QUALITY CARE AND SUPPORT THAT ADDRESSES THEIR INDIVIDUAL NEEDS AND PREFERENCES WITH PROFESSIONALISM AND COMPASSION.

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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 $0

Program Service Revenue $434,609

Investment Income $0

Other Revenue $0

TOTAL REVENUE $434,609

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,274,589

Fundraising Expenses $0

Program Expenses $704,367

Other Expenses $1,206,511

TOTAL EXPENSES $2,481,100

Year-over-Year Comparison

	2023	2022	Change
Revenue	$434,609	N/A	N/A
Expenses	$2,481,100	$721,737	+2.4%
Net Income	$-2,046,491	$-721,737	+1.8%

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

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

$5,164,038

Total Directors

$5,164,038

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINO SANTORIO	PRESIDENT/CEO	0.50	Officer Director	$0	$74,144	$1,934,421
ROBERT GOLDSZER MD	SENIOR VP/CMO (END 2/23)	3.00	Officer Director	$0	$87,676	$692,444
ALEXANDER A MENDEZ	EXECUTIVE VP/CFO	0.50	Officer Director	$0	$100,266	$1,466,566
ANGEL PALLIN	SENIOR VP/COO	3.00	Officer Director	$0	$103,116	$730,281
NEISEN KASDIN	COMMUNITY REPRESENTATIVE	0.00	Director	$0	$0	$0
LYNDA BARCELO	VP MGN CARE & POP HEALTH	15.00	Officer Director	$0	$51,062	$340,326
STEVEN SONENREICH	FORMER PRESIDENT	0.00		$0	$0	$1,084,684

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	$434,609	$2,481,100	$4,189,160	$-2,046,491
2022	No data	$721,737	$3,883,751	No data
2021	No data	No data	$500	No data

MOUNT SINAI ELDERCARE INC