Lawrence, MA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MI Nursing Restorative Center Inc, founded in 1875, is a mid-sized nonprofit in the Health Care sector that reported $19.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Net assets of $49.4M represent 31 months of operating reserves.
The mission of MI Nursing Restorative Center Inc. is to respond with compassionate care and dignity to the health, social and spiritual needs of well, sick, and frail elders. The Center also offers and extends supportive presence and programs to the families of residents. The quality of our services are achieved through embracing core values that include compassion, competence, and collaboration.
The Center provides nursing and quality-of-life services the elderly in its community. In 2023, the Center provided eldercare through the operation of a 231 bed skilled nursing facility, where the...
The Center provides nursing and quality-of-life services the elderly in its community. In 2023, the Center provided eldercare through the operation of a 231 bed skilled nursing facility, where the Center provided skilled nursing care, rehabilitation services, dietary services, laundry and housekeeping services, and numerous social activities. Additionally, during this tax year, the Nursing Center took over management of the assets and operations of two related organizations for a temporary amount of time.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $19,216,835 | $16,330,713 | +0.2% |
| Expenses | $20,889,019 | $19,531,118 | +0.1% |
| Net Income | $-1,672,184 | $-3,200,405 | -0.5% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Gerard Foley | President & CEO | 41.00 |
Officer
Director
|
$145,217 | $29,137 | $174,354 |
| Raisa T Carrasco-Velez | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Rev John Delaney | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Roger Desjardins | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Deacon Eric Peabody | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Sr Marcia Wiley | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Karen Gallagher Giangrande | Clerk (end 4/2023) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Samer Obeid Esq | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| William Shaheen CPA | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Deborah L Turiano MD | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Delbert Downing | Administrator | 33.00 |
Highest
|
$159,073 | $27,224 | $186,297 |
| Patricia Shaw | Director of Nursing | 33.00 |
Highest
|
$148,875 | $15,273 | $164,148 |
| Rukayat Ibraheem | Unit Manager, RN | 40.00 |
Highest
|
$108,413 | $2,657 | $111,070 |
| Paula Ralls | ADON | 40.00 |
Highest
|
$107,361 | $10,263 | $117,624 |
| Paula Smith | Unit Manager, LPN | 40.00 |
Highest
|
$110,767 | $6,788 | $117,555 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $19,216,835 | $20,889,019 | $52,157,254 | $-1,672,184 |
| 2022 | $16,330,713 | $19,531,118 | $46,736,310 | $-3,200,405 |
| 2021 | $23,001,578 | $17,367,522 | $44,764,900 | $5,634,056 |
| 2020 | $19,282,799 | $18,229,713 | $43,072,994 | $1,053,086 |
| 2019 | $22,495,417 | $20,149,330 | $42,057,560 | $2,346,087 |
| 2018 | $20,526,926 | $19,667,590 | $37,643,039 | $859,336 |
Compare MI Nursing Restorative Center Inc with other nonprofits in Massachusetts and across the country.