WILLIAM B RICE EVENTIDE HOME INC (EIN 042106771) - Form 990 Financial Analysis & Trantor Score

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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

1924

Legal Domicile

Principal Officer

JOHN MONIZ

Phone

7816605000

Tax Period

2023-01-01 to 2023-12-31

WILLIAM B RICE EVENTIDE HOME INC, founded in 1924, is a mid-sized nonprofit in the Health Care sector that reported $13.2M in total revenue in fiscal year 2023. Expenses of $14.9M exceeded revenue, resulting in a 13% operating deficit.

Mission

A LIFE-CARE RETIREMENT COMMUNITY THAT PROVIDES INDIVIDUALIZED SUPPORTIVE SERVICES.

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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 $38,164

Program Service Revenue $13,006,133

Investment Income $119,091

Other Revenue $0

TOTAL REVENUE $13,163,388

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,784,470

Fundraising Expenses $5,625

Program Expenses $12,130,763

Other Expenses $8,149,372

TOTAL EXPENSES $14,933,842

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,163,388	$12,771,271	+0.0%
Expenses	$14,933,842	$14,600,637	+0.0%
Net Income	$-1,770,454	$-1,829,366	0.0%

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

151

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

$190,817

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KENNETH STRONG	EXECUTIVE DIRECTOR (THROUGH DEC 2023)	40.00	Officer	$181,385	$9,432	$190,817
ROCHELLE ROLFE	DIRECTOR OF NURSING	40.00	Highest	$126,534	$9,848	$136,382
BUOI THI TRAN	CNA	40.00	Highest	$107,933	$17,240	$125,173
JESSICA GOUVEIA	DIRECTOR OF FINANCE	40.00	Highest	$106,025	$12,110	$118,135
MARCIA ASTUTO	NURSING SUPERVISOR/SDC	40.00	Highest	$103,557	$9,159	$112,716
KIMBERLY MCGRATH	PHYSICAL THERAPIST	40.00	Highest	$104,000	$3,228	$107,228
AMY ROSS	PRESIDENT	5.00	Officer Director	$0	$0	$0
DONALD POWELL	TREASURER	5.00	Officer Director	$0	$0	$0
SUSAN BELISLE	CLERK	5.00	Officer Director	$0	$0	$0
KEVIN KIRBY	DIRECTOR	5.00	Director	$0	$0	$0
ANNE MARCHETTA	DIRECTOR	5.00	Director	$0	$0	$0
JOHN DIORIO	DIRECTOR	5.00	Director	$0	$0	$0
MARY DOHERTY	DIRECTOR	5.00	Director	$0	$0	$0
JOHN MONIZ III	DIRECTOR	5.00	Director	$0	$0	$0
ADITI SHARMA	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN DWYER	DIRECTOR (THROUGH JAN 2023)	5.00	Director	$0	$0	$0
MEGAN FISHER	DIRECTOR (THROUGH JAN 2023)	5.00	Director	$0	$0	$0
JOSEPH BURNIEIKA	DIRECTOR (THROUGH FEB 2023)	5.00	Director	$0	$0	$0
WILLIAM JACKSON	DIRECTOR (THROUGH APR 2023)	5.00	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	$13,163,388	$14,933,842	$87,267,317	$-1,770,454
2022	$12,771,271	$14,600,637	$87,530,296	$-1,829,366
2021	$11,971,764	$14,590,008	$85,714,038	$-2,618,244
2020	$9,570,556	$13,224,795	$89,102,741	$-3,654,239
2019	$8,878,348	$10,439,914	$79,600,169	$-1,561,566
2018	$8,213,728	$11,228,235	$64,947,843	$-3,014,507

WILLIAM B RICE EVENTIDE HOME INC