Services for the Underserved Inc (EIN 911918247) - 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

1978

Legal Domicile

Principal Officer

PERRY PERLMUTTER

Phone

2126336900

Tax Period

2023-07-01 to 2024-06-30

Services for the Underserved Inc, founded in 1978, is a mid-sized nonprofit that reported $38.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. The organization ran a surplus of $7.2M, a strong 19% operating margin.

Mission

PROVIDE HOUSING AND SUPPORT SERVICES FOR INDIVIDUALS AND FAMILIES WITH SPECIAL NEEDS DUE TO DEVELOPMENTAL, MENTAL OR PHYSICAL DISABILITIES OFTEN (CONTINUED ON SCHEDULE O)

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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 $1,526,463

Program Service Revenue $28,025,767

Investment Income $2,962,463

Other Revenue $5,704,286

TOTAL REVENUE $38,218,979

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,825,539

Fundraising Expenses $783,232

Program Expenses $0

Other Expenses $17,183,750

TOTAL EXPENSES $31,009,289

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,218,979	$44,560,020	-0.1%
Expenses	$31,009,289	$29,080,011	+0.1%
Net Income	$7,209,690	$15,480,009	-0.5%

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

Employees

2219

Volunteers

133

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

$816,861

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Judith Jones thru 623	former Chief of Staff	30.0		$534,415	$5,862	$540,277
PERRY J PERLMUTTER	PRESIDENT & CEO	30.0	Officer	$454,276	$63,020	$517,296
DR JORGE R PETIT	former PRES. & CEO (thru 4/23)	30.0		$493,946	$13,409	$507,355
ARLO M CHASE	SVP REAL ESTATE & PROP. DEV.	40.0	Highest	$315,097	$52,296	$367,393
BRADLEY A ALPERIN	CHIEF COMPLIANCE OFFICER	30.0	Highest	$274,088	$29,879	$303,967
DOUGLAS WALERSTEIN	CHIEF FINANCIAL OFFICER	30.0	Officer	$276,013	$23,552	$299,565
STACEY L WESTON	CHIEF DEVELOPMENT OFFICER	40.0	Highest	$244,994	$44,620	$289,614
REBECCA LINN-WALTON	CHIEF STRATEGY OFFICER	30.0	Highest	$250,688	$20,000	$270,688
YEDIDYA DOMAN	SVP INFORMATION TECHNOLOGY	30.0	Highest	$204,422	$47,258	$251,680
JOHN A MCKESSON	CHAIR	1.0	Officer Director	$0	$0	$0
GAIL K MCCALLION ESQ	VICE CHAIR	1.0	Officer Director	$0	$0	$0
JACQUIE HOLMES	SECRETARY	1.0	Officer Director	$0	$0	$0
EDWARD HUBBARD	TREASURER	1.0	Officer Director	$0	$0	$0
JOSHUA BIDER	BOARD MEMBER	1.0	Director	$0	$0	$0
ERIN FELKER BOND ESQ	BOARD MEMBER	1.0	Director	$0	$0	$0
AMELIA WRIGHT BREWER	BOARD MEMBER	1.0	Director	$0	$0	$0
EARL D BROWN	BOARD MEMBER	1.0	Director	$0	$0	$0
CHRIS CHENEY	BOARD MEMBER (THRU 12/23)	1.0	Director	$0	$0	$0
ART EDWARDS	BOARD MEMBER	1.0	Director	$0	$0	$0
PETER FRIEDLAND	BOARD MEMBER	1.0	Director	$0	$0	$0
LAWRENCE HAMDAN	BOARD MEMBER	1.0	Director	$0	$0	$0
JOSHUA D LISTON ESQ	BOARD MEMBER	1.0	Director	$0	$0	$0
JEN PRESS MARDEN	BOARD MEMBER	1.0	Director	$0	$0	$0
LINDA NGUYEN	BOARD MEMBER	1.0	Director	$0	$0	$0
MARIE I PALACIOS-HARDY	BOARD MEMBER	1.0	Director	$0	$0	$0
GARETH OLD ESQ	BOARD MEMBER	1.0	Director	$0	$0	$0
CAROLYN P POWELL	BOARD MEMBER	1.0	Director	$0	$0	$0
JOANN Y SACKS PHD	BOARD MEMBER	1.0	Director	$0	$0	$0
DEBORAH WOLFE ESQ	BOARD MEMBER	1.0	Director	$0	$0	$0
ANDREW ZIMMERN	BOARD MEMBER	1.0	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	No data	No data	No data	No data
2024	$38,218,979	$31,009,289	$105,678,110	$7,209,690
2023	$34,560,020	$29,080,011	$104,782,428	$5,480,009
2022	$34,360,649	$25,626,081	$99,066,802	$8,734,568
2021	$22,489,653	$21,306,064	$93,203,870	$1,183,589
2020	$25,798,071	$21,802,494	$75,907,347	$3,995,577
2019	$31,020,740	$22,337,046	$65,986,977	$8,683,694
2018	$22,478,369	$19,124,490	$56,317,946	$3,353,879

Services for the Underserved Inc