CEDARS NURSING CARE CENTER

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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

1929

Legal Domicile

Principal Officer

KATHRYN CALLNAN

Phone

2072217000

Tax Period

2024-05-01 to 2025-04-30

CEDARS NURSING CARE CENTER, founded in 1929, is a mid-sized nonprofit in the Health Care sector that reported $15.2M in total revenue in fiscal year 2024. Expenses of $18.3M exceeded revenue, resulting in a 20% operating deficit.

Mission

THE CEDARS IS A COMMUNITY WHICH OFFERS A CONTINUUM OF OUTSTANDING LIVING OPTIONS FOR SENIORS. WE PROMOTE QUALITY CARE AND SERVICE, SUPPORT WELLNESS AND MAXIMIZE INDEPENDENCE. CEDARS NURSING CARE CENTER PROVIDES LONG-TERM CARE TO THE SICK AND ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $13,978,036 Revenue: $14,302,078

THE CEDARS PROVIDES LONG-TERM CARE FOR THE SICK AND ELDERLY. OPERATIONS INCLUDE 63 NURSING HOME BEDS AND 39 SHORT-TERM REHABILITATION CARE BEDS. THE CEDARS TAKES PRIDE IN PROVIDING AN OUTSTANDING...

THE CEDARS PROVIDES LONG-TERM CARE FOR THE SICK AND ELDERLY. OPERATIONS INCLUDE 63 NURSING HOME BEDS AND 39 SHORT-TERM REHABILITATION CARE BEDS. THE CEDARS TAKES PRIDE IN PROVIDING AN OUTSTANDING LIVING COMMUNITY WITH INNOVATIVE CARE AND SERVICES WHILE EMPOWERING OUR STAFF WITH KNOWLEDGE AND OPPORTUNITY. OVER THE YEARS, WE HAVE BEEN RECOGNIZED FROM LOCAL, REGIONAL AND NATIONAL ORGANIZATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $353,980

Program Service Revenue $14,302,078

Investment Income $581,697

Other Revenue $262

TOTAL REVENUE $15,238,017

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $13,978,036

Other Expenses $18,308,666

TOTAL EXPENSES $18,308,666

Year-over-Year Comparison

	2024	2023	Change
Revenue	$15,238,017	$14,483,227	+0.1%
Expenses	$18,308,666	$15,208,410	+0.2%
Net Income	$-3,070,649	$-725,183	+3.2%

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

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

$1,356,391

Total Directors

$543,151

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN CALLNAN	PRESIDENT/CEO/TRUSTEE	20.00	Officer Director	$0	$47,281	$543,151
TIMOTHY JALBERT	CHIEF FINANCIAL OFFICER	30.00	Officer	$0	$37,036	$287,995
KATHARINE O'NEILL	CHIEF OPERATING OFFICER	20.00	Officer	$0	$42,056	$275,204
ANGELA HUNT	CHIEF INNOVATIONS OFFICER	0.50	Officer	$0	$33,440	$250,041
SUSAN DIONNE-JONES	DIRECTOR OF NURSING	30.00	Highest	$0	$13,821	$171,715
JUNE O'NEIL	MARKETING REPRESENTATIVE	5.00	Highest	$0	$16,542	$170,788
BRIAN DESPRES	REHAB MANAGER	40.00	Highest	$0	$17,590	$146,316
HANNAH TEMPLE	INFORMATICS NURSE	40.00	Highest	$0	$30,210	$150,321
MARK DUTRA	DIRECTOR OF ENV. SERVICES	34.80	Highest	$0	$23,856	$143,560
RICHARD BORTS	CHAIRMAN	0.50	Officer Director	$0	$0	$0
GEORGE MARCUS	TREASURER	0.50	Officer Director	$0	$0	$0
EDWARD KANE	SECRETARY	0.50	Officer Director	$0	$0	$0
PETER FREILINGER	TRUSTEE	0.50	Director	$0	$0	$0
ELIZABETH GELLER	TRUSTEE	0.50	Director	$0	$0	$0
SIDNEY GELLER	TRUSTEE	0.50	Director	$0	$0	$0
BARRY ZIMMERMAN	TRUSTEE	0.50	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	$15,238,017	$18,308,666	$51,491,318	$-3,070,649
2024	$14,483,227	$15,208,410	$53,109,833	$-725,183
2023	$14,585,318	$16,421,239	$49,301,585	$-1,835,921
2022	$12,452,780	$16,493,156	$48,978,261	$-4,040,376
2021	$13,299,621	$14,580,130	$51,561,943	$-1,280,509
2020	$12,962,404	$13,891,155	$52,652,485	$-928,751
2019	$13,814,017	$13,792,190	$21,528,899	$21,827
2018	$12,716,921	$14,126,554	$21,844,756	$-1,409,633