CATHOLIC MEMORIAL HOME INC

EIN: 042106393 501(c)(3) Health Care

FALL RIVER, MA

Total Revenue
$29,309,085
Total Expenses
$23,843,701
Total Assets
$27,015,477
Net Assets
$23,107,032
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1936
Legal Domicile
MA
Principal Officer
JOANNE ROQUE
Phone
5086798154
Tax Period
2023-01-01 to 2023-12-31

CATHOLIC MEMORIAL HOME INC, founded in 1936, is a mid-sized nonprofit in the Health Care sector that reported $29.3M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. The organization ran a surplus of $5.5M, a strong 19% operating margin.

Mission

PROVIDES SKILLED NURSING AND REHABILITATIVE CARE FOR THE FRAIL AND THE ELDERLY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,945,643
Program Service Revenue $25,880,856
Investment Income $414,302
Other Revenue $68,284
TOTAL REVENUE $29,309,085

Expense Breakdown

Grants Paid $0
Salaries & Benefits $15,003,868
Fundraising Expenses $0
Program Expenses $22,289,128
Other Expenses $8,839,833
TOTAL EXPENSES $23,843,701

Year-over-Year Comparison

2023 2022 Change
Revenue $29,309,085 $25,719,922 +0.1%
Expenses $23,843,701 $23,137,975 +0.0%
Net Income $5,465,384 $2,581,947 +1.1%
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

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Governance

Voting Members
9
Independent Members
9
Employees
362
Volunteers
10

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
5
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARA E CREHAN NURSE MANAGER, RN 40.00
Highest
$146,743 $10,237 $156,980
LISA CADIME ADMINISTRATOR 40.00
Highest
$133,411 $35,684 $169,095
JESSICA COSTA NURSE MANAGER, RN 40.00
Highest
$105,125 $9,048 $114,173
MICHELLE PEREIRA LPN CHARGE 40.00
Highest
$104,030 $19,517 $123,547
CRYSTAL BENEVIDES NURSE MANAGER, RN 40.00
Highest
$103,131 $3,174 $106,305
EDGAR M DA CUNHA M + PRES. & TREASURER (UNTIL 11/23) 1.00
Officer Director
$0 $0 $0
DAVID C FREDERICI M + CLERK 1.00
Officer Director
$0 $0 $0
KEVIN KILEY M + TREASURER (AS OF 11/23) 1.00
Officer Director
$0 $0 $0
JOANNE ROQUE CEO & DIRECTOR 1.00
Officer Director
$0 $0 $0
LAURA MITCHELL CFO & DIRECTOR 1.00
Officer Director
$0 $0 $0
JAY T MADDOCK M + DIRECTOR 1.00
Director
$0 $0 $0
RICHARD LAFRANCE DIRECTOR 1.00
Director
$0 $0 $0
CARL TABER DIRECTOR (AS OF 11/23) 1.00
Director
$0 $0 $0
BRIAN PONTILILO DIRECTOR (AS OF 11/23) 1.00
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 $29,309,085 $23,843,701 $27,015,477 $5,465,384
2022 $25,719,922 $23,137,975 $25,643,888 $2,581,947
2021 $22,874,620 $22,144,855 $24,207,149 $729,765
2020 $31,890,963 $24,239,915 $24,432,456 $7,651,048
2019 $24,339,387 $24,172,721 $17,372,896 $166,666
2018 $24,088,629 $24,201,318 $14,311,786 $-112,689
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