Satellite Senior Homes III Inc (EIN 942835291) - 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

1982

Legal Domicile

Principal Officer

RAULY BUTLER

Phone

5106470700

Tax Period

2023-10-01 to 2024-09-30

Satellite Senior Homes III Inc, founded in 1982, is a community nonprofit in the Housing & Shelter sector that reported $2.9M in total revenue in fiscal year 2023. The organization ran a surplus of $591K, a strong 21% operating margin.

Mission

TO PROVIDE LOW-INCOME ELDERLY & HANDICAPPED PERSONS WITH AFFORDABLE HOUSING FACILITIES & SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL & PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS & USEFULNESS IN LONGER LIVING ON A NONPROFIT BASIS.

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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 $2,145,260

Program Service Revenue $647,723

Investment Income $88,613

Other Revenue $375

TOTAL REVENUE $2,881,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $621,209

Fundraising Expenses $0

Program Expenses $2,042,158

Other Expenses $1,669,543

TOTAL EXPENSES $2,290,752

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,881,971	$2,676,254	+0.1%
Expenses	$2,290,752	$2,352,786	0.0%
Net Income	$591,219	$323,468	+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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$615,541

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSAN FRIEDLAND	CEO	0.10	Officer	$0	$32,916	$370,289
JOSE SANCHEZ	VP OF FINANCE	0.10	Officer	$0	$41,111	$245,252
RAULY BUTLER	CHAIRPERSON	0.10	Officer Director	$0	$0	$0
SMITHA SESHADRI	Vice Chair	0.10	Officer Director	$0	$0	$0
FRANCINE WILLIAMS	Secretary	0.10	Officer Director	$0	$0	$0
SCOTT SMITH	Treasurer	0.10	Officer Director	$0	$0	$0
ANTHONY BARRON	MEMBER	0.10	Director	$0	$0	$0
GREG CHIN	MEMBER	0.10	Director	$0	$0	$0
SAGE B FOSTER	MEMBER	0.10	Director	$0	$0	$0
DAVID GREENSFELDER	MEMBER	0.10	Director	$0	$0	$0
MIKE JACOB	MEMBER	0.10	Director	$0	$0	$0
KAREN JACOBS	MEMBER	0.10	Director	$0	$0	$0
JOY MOORE	MEMBER	0.10	Director	$0	$0	$0
JAMES REILLY	MEMBER	0.10	Director	$0	$0	$0
RON RIDLEY	MEMBER	0.10	Director	$0	$0	$0
JACEE SANTOS	MEMBER	0.10	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
2024	$2,881,971	$2,290,752	$4,301,340	$591,219
2023	$2,676,254	$2,352,786	$3,918,623	$323,468
2022	$2,686,129	$2,349,106	$3,809,683	$337,023
2021	$2,258,205	$2,112,475	$3,560,282	$145,730
2020	$1,964,842	$2,276,831	$3,541,356	$-311,989
2019	$1,951,402	$2,084,120	$3,999,689	$-132,718
2018	$1,921,859	$2,148,436	$4,266,382	$-226,577

Satellite Senior Homes III Inc