Satellite AHA Development Inc (EIN 943248729) - 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

1996

Legal Domicile

Principal Officer

SUSAN FRIEDLAND

Phone

5106470700

Tax Period

2023-01-01 to 2023-12-31

Satellite AHA Development Inc, founded in 1996, is a mid-sized nonprofit in the Housing & Shelter sector that reported $15.5M in total revenue in fiscal year 2023. Revenue surged 170% from the prior year, signaling strong growth momentum. The organization ran a surplus of $5.1M, a strong 33% operating margin.

Mission

TO BENEFIT & SUPPORT SATELLITE AFFORDABLE HOUSING ASSOCIATES IN CARRYING OUT ITS PURPOSES BY (1) PROVIDING AFFORDABLE HOUSING FOR LOW INCOME PERSONS & (2) BY SERVING AS A GENERAL PARTNER IN LIMITED PARTNERSHIPS WHICH OWN AND OPERATE HOUSING FOR THE BENEFIT OF LOW INCOME PERSONS.

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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 $13,060,054

Program Service Revenue $2,264,495

Investment Income $204,263

Other Revenue $77

TOTAL REVENUE $15,528,889

Expense Breakdown

Grants Paid $212,470

Salaries & Benefits $718,176

Fundraising Expenses $0

Program Expenses $10,198,100

Other Expenses $9,499,797

TOTAL EXPENSES $10,430,443

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,528,889	$5,754,595	+1.7%
Expenses	$10,430,443	$9,230,705	+0.1%
Net Income	$5,098,446	$-3,476,110	-2.5%

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

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
MIKE JACOB	President	0.10	Officer Director	$0	$0	$0
ANTHONY BARRON	Secretary	0.10	Officer Director	$0	$0	$0
GREG CHIN	Director	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	No data	No data	No data	No data
2023	$15,528,889	$10,430,443	$26,615,518	$5,098,446
2022	$5,754,595	$9,230,705	$18,174,701	$-3,476,110
2021	$5,909,155	$8,346,297	$17,466,494	$-2,437,142
2020	$5,190,873	$6,608,918	$17,926,158	$-1,418,045
2019	$5,058,182	$5,239,741	$21,280,632	$-181,559
2018	$7,242,235	$5,492,211	$21,082,741	$1,750,024

Satellite AHA Development Inc