CATHOLIC MEMORIAL HOME INC

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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

1936

Legal Domicile

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

THE PURPOSE OF THE CORPORATION SHALL BE TO MAINTAIN AND OPERATE A NONPROFIT NURSING AND REHABILITATION CENTER FOR AGED AND INFIRMED PEOPLE, WITHOUT REGARD TO RACE, COLOR, CREED, OR NATIONAL ORIGIN. CONTINUED ON SCHEDULE OSUCH PROGRAMS SHALL BE CARRIED OUT IN COMPLIANCE WITH THE SOCIAL TEACHING OF THE ROMAN CATHOLIC CHURCH AS INTERPRETED, FROM TIME TO TIME, BY THE BISHOP OF THE DIOCESE OF FALL RIVER.

Program Service Accomplishments

Program 1

Expenses: $22,289,128 Revenue: $25,943,632

TO PROVIDE NURSING AND/OR REHABILITATION SERVICES TO THE AGED AND INFIRM FOR 80,812 PATIENT DAYS.

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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 $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

Governance

Voting Members

Independent Members

Employees

362

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

Total Directors

Key Employees

Highest Compensated

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