Satellite Senior Homes Inc (EIN 946130795) - 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

1966

Legal Domicile

Principal Officer

RAULY BUTLER

Phone

5106470700

Tax Period

2023-10-01 to 2024-09-30

Satellite Senior Homes Inc, founded in 1966, is a community nonprofit that reported $6.5M in total revenue in fiscal year 2023. Expenses of $6.2M left a modest 4% surplus.

Mission

TO PROVIDE AFFORDABLE RENTAL HOUSING FOR LOW AND MODERATE INCOME ELDERLY 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 $4,197,803

Program Service Revenue $964,406

Investment Income $1,315,993

Other Revenue $26,777

TOTAL REVENUE $6,504,979

Expense Breakdown

Grants Paid $1,789,809

Salaries & Benefits $1,631,661

Fundraising Expenses $0

Program Expenses $5,747,324

Other Expenses $2,795,231

TOTAL EXPENSES $6,216,701

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,504,979	$6,267,541	+0.0%
Expenses	$6,216,701	$17,346,859	-0.6%
Net Income	$288,278	$-11,079,318	-1.0%

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 CHAIRMAN	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	$6,504,979	$6,216,701	$40,724,922	$288,278
2023	$6,267,541	$17,346,859	$40,299,070	$-11,079,318
2022	$6,337,143	$6,464,925	$37,249,955	$-127,782
2021	$6,730,475	$6,817,519	$37,299,441	$-87,044
2020	$6,061,606	$5,970,130	$37,261,988	$91,476
2019	$5,616,536	$5,081,080	$37,383,916	$535,456
2018	$5,163,578	$5,057,280	$36,667,429	$106,298

Satellite Senior Homes Inc