FARREN CARE CENTER INC

EIN: 042501711 501(c)(3) Health Care

HARTFORD, CT

Total Revenue
$3,888,158
Total Expenses
$3,888,155
Total Assets
N/A
Net Assets
N/A
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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
1990
Legal Domicile
MA
Principal Officer
DEBORAH BITSOLI
Phone
8607144000
Tax Period
2018-07-01 to 2019-06-30

FARREN CARE CENTER INC, founded in 1990, is a community nonprofit in the Health Care sector that reported $3.9M in total revenue in fiscal year 2018. Revenue fell 65% from the prior year — a significant decline worth monitoring.

Mission

TO PROVIDE LONG TERM CARE

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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 (2018)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $64,551
Investment Income $0
Other Revenue $3,823,607
TOTAL REVENUE $3,888,158

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,823,607
Fundraising Expenses $0
Program Expenses $3,661,873
Other Expenses $64,548
TOTAL EXPENSES $3,888,155

Year-over-Year Comparison

2018 2017 Change
Revenue $3,888,158 $11,246,313 -0.7%
Expenses $3,888,155 $12,152,479 -0.7%
Net Income $3 $-906,166 -1.0%
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

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Governance

Voting Members
9
Independent Members
6
Employees
229
Volunteers
7

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
9
$1,527,376
Total Directors
10
$1,169,815
Key Employees
1
$513,958
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK FULCO DIRECTOR; PRESIDENT 1.00
Officer Director
$0 $46,336 $553,845
PAUL MANCINONE DIR; V CHAIR THRU AND CHAIR AT 11/18 1.00
Officer Director
$0 $0 $0
DEAN WHALEN DIRECTOR; CHAIR THROUGH 11/18 1.00
Officer Director
$0 $0 $0
PAUL MARCHESE DIRECTOR; VICE CHAIR AS OF 1/19 1.00
Officer Director
$0 $0 $0
WILLIAM SILVANIC DIRECTOR; SECRETARY 1.00
Officer Director
$0 $0 $0
MARY GEARY CARITAS SP DIRECTOR 1.00
Director
$0 $0 $0
RUTH MCGOLDRICK SP DIRECTOR 1.00
Director
$0 $0 $0
DANIEL MORRISON MD DIRECTOR; PRES MERCY HOSP MED STAFF 1.00
Director
$0 $35,489 $615,970
JOHN SJOBERG DIRECTOR THROUGH 4/19 1.00
Director
$0 $0 $0
MICHELLE THEROUX DIRECTOR 1.00
Director
$0 $0 $0
DANIEL KEENAN ASST. SEC; SVP GOV'T RELATIONS 1.00
Officer
$0 $44,619 $380,935
DEAN VITARISI TREASURER & VP FINANCE THROUGH 3/19 1.00
Officer
$0 $43,368 $333,135
DANIEL JANICAK INTERIM VP FINANCE AS OF 5/19 1.00
Officer
$0 $0 $0
JAMES HARRIS ASST TREAS; TH OF NE DIR OF REIMB 1.00
Officer
$0 $37,932 $259,461
STUART ROSENBERG VP OPERATIONS AT 1/19; JMH PRESIDENT 1.00
Key Emp
$0 $77,702 $513,958
DAWA TSERING REGISTERED NURSE 40.00
Highest
$166,143 $25,970 $192,113
PHURBU DOLMA REGISTERED NURSE 40.00
Highest
$144,784 $12,829 $157,613
AMY SIMMONS REGISTERED NURSE 40.00
Highest
$120,609 $16,885 $137,494
RHONDA THOMPSON DIRECTOR NURSING III 40.00
Highest
$112,308 $32,588 $144,896
DANIEL MOEN FORMER OFFICER; SFMC TREN PRES/CEO 0.00
$0 $46,595 $663,234
LEONARD PANSA FORMER KE; TH OF NE REG CHRO & SVP 1.00
$0 $33,126 $557,128
SCOTT WOLF FORMER OFFICER 0.00
$0 $7,299 $246,710
THOMAS ROBERT FORMER OFFICER; SPHP TREAS & CFO 0.00
$0 $119,309 $634,507
BETH O'BRIEN FORMER OFFICER 0.00
$0 $225,136 $693,255
CHARLES FLINN FORMER KEY EMPLOYEE 0.00
$0 $4,235 $395,504
CHRISTOPHER MCLAUGHLIN FORMER KEY EMPLOYEE 0.00
$0 $17,726 $296,483
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
2019 $3,888,158 $3,888,155 No data $3
2018 $11,246,313 $12,152,479 $1,462,730 $-906,166
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