Spectrum Home Care Inc
Overview
Mission
To provide care to elderly people in their homes.
What it reported doing in 2024
The organization owns and operates a non-certified home care organization. The organization temporarily suspended operations effective 1/1/2020.
Operating model
- Revenue model
- No positive adjusted resources. The filing reports no positive adjusted operating resources.
- Distribution model
- No current program activity. The filing reports no program spending for the current year.
Nonprofit profile at a glance
- EIN
- 043399549
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Headquarters
- Longmeadow, MA, USA
- Phone
- 4135676211
- Rating confidence
- Limited
- Sector
- Home Health Care
The verdict
- This form does not report enough financial and governance detail to rate the organization. That is normal for this form and is not a warning sign.
Rating breakdown
- Financial Efficiency: 0
- Transparency & Controls: 60
- Accountability: 87
- Sustainability: 27
- Growth: 0
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: 0%; rating input score 0
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 94.4%; rating input score 94; 28th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: Limited
- Total-asset coverage ratio: 34.42; rating input score 88; 88th percentile among comparable filings
- Liabilities to assets ratio: 0.55; rating input score 10; 10th percentile among comparable filings
- Officer compensation ratio: 43,821.5%; rating input score 0; 0th percentile among comparable filings
Growth
- Program expense growth: -21.8% per year; rating input score 0; 16th percentile among comparable filings
- Revenue growth: -15.5% per year; rating input score 0; 24th percentile among comparable filings
- Asset growth: -9.1% per year; rating input score 0; 14th percentile among comparable filings
Details
- Where the money goes: 0% of spending went to programs
- Governance: 17 of 18 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $926K · 21 people listed · 0 of 6 pay-setting controls reported
- Consistency: 12 of 12 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 14 annual filings from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 17 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Leadership & pay
21 people listed
Highest reported compensation
- BARRY BERMAN (CEO EMERITUS-CHIEF PHILANT): $925,530 total reported compensation
- ADAM BERMAN (PRESIDENT AND CEO): $777,533 total reported compensation
- ELIZABETH MULLEN (COO): $321,438 total reported compensation
Source: IRS Form 990. Selected filing: FY2024.