LM LONG TERM CARE SERVICES INC (EIN 042938772) - 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

1986

Legal Domicile

Principal Officer

KELLY CORBI

Phone

7819793000

Tax Period

2023-10-01 to 2024-09-30

LM LONG TERM CARE SERVICES INC, founded in 1986, is a micro nonprofit that reported $21K in total revenue in fiscal year 2023. Expenses of $691K exceeded revenue, resulting in a 3124% operating deficit.

Mission

TO ESTABLISH, ACQUIRE, OPERATE AND MAINTAIN NURSING HOMES AND LONG TERM CARE FACILITIES IN MASSACHUSETTS AND PROVIDE MEDICAL, EDUCATIONAL AND CHARITABLE SERVICES CONSISTENT WITH THEIR LICENSURE AND THE ORGANIZATION'S TAX EXEMPT PURPOSES.

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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 $0

Program Service Revenue $20,346

Investment Income $1,070

Other Revenue $0

TOTAL REVENUE $21,416

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $690,555

Other Expenses $690,555

TOTAL EXPENSES $690,555

Year-over-Year Comparison

	2023	2022	Change
Revenue	$21,416	$19,894	+0.1%
Expenses	$690,555	$790,659	-0.1%
Net Income	$-669,139	$-770,765	-0.1%

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

N/A

Employees

N/A

Volunteers

N/A

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

$1,983,891

Total Directors

$1,877,951

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES R WHIPPLE ESQ	SECRETARY/DIRECTOR (UNTIL 4/24)	1.00	Officer Director	$0	$77,182	$479,065
WILLIAM WYMAN	TREASURER/DIRECTOR	1.00	Officer Director	$0	$60,460	$559,650
KELLY CORBI	PRESIDENT/DIRECTOR	1.00	Officer Director	$0	$114,673	$839,236
DONNA SANDLER	ASSISTANT SECRETARY	1.00	Officer	$0	$17,365	$105,940

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	$21,416	$690,555	$-952,477	$-669,139
2023	$19,894	$790,659	$15,666	$-770,765
2022	$18,987	$587,343	$193,965	$-568,356
2021	$17,854	$495,186	$1,168,882	$-477,332
2020	$17,589	$115,206	$1,851,760	$-97,617
2019	$16,851	$62,808	$2,338,205	$-45,957
2018	$16,065	$101,517	$2,748,053	$-85,452

LM LONG TERM CARE SERVICES INC