TOCKWOTTON HOME

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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

1856

Legal Domicile

Principal Officer

CHRISTOPHER MCGEE

Phone

4012725280

Tax Period

2024-01-01 to 2024-12-31

TOCKWOTTON HOME, founded in 1856, is a mid-sized nonprofit in the Human Services sector that reported $18.7M in total revenue in fiscal year 2024. Expenses of $17.5M left a modest 6% surplus.

Mission

TOCKWOTTON HOME PROVIDES A VARIETY OF SERVICES TO OLDER ADULTS AND THEIR FAMILIES--INCLUDING NURSING HOME CARE AND ASSISTED LIVING RESIDENCES. TOWARDS THAT END, WE COLLABORATE WITH OTHERS WHO SHARE OUR VISION.OUR MISSION IS TO ENABLE OLDER ADULTS TO ENJOY LIFE TO THE FULLEST AND TO SHARE WITH FAMILIES AND FRIENDS THE RESPONSIBILITY FOR THEIR CARE. AN ESSENTIAL PART OF OUR MISSION IS TO SERVE A BROAD SPECTRUM OF THE COMMUNITY, INCLUDING THOSE WHOSE FINANCIAL RESOURCES ARE LIMITED. TOCKWOTTON HOME SEEKS TO ACHIEVE A LEVEL OF QUALITY IN EVERYTHING WE DO. IN OUR EVERYDAY BUSINESS, THE HUMAN DIGNITY AND QUALITY OF LIFE OF THOSE WE SERVE ARE OUR HIGHEST PRIORITIES.

Program Service Accomplishments

Program 1

Expenses: $7,832,770 Revenue: $8,571,163

LICENSED TO CARE FOR 52 RESIDENTS, TOCKWOTTON'S NURSING WING HAS AN EXCELLENT REPUTATION AND LONG HISTORY OF PROVIDING 24 HOURS TOP-NOTCH NURSING CARE. THE FACILITY IS MEDICARE AND MEDICAID CERTIFIED AND PROVIDES PHYSICAL, SPEECH AND OCCUPATIONAL THERAPIES. TOCKWOTTON NURSING ALSO OFFERS VARIOUS SERVICES INCLUDING THERAPEUTIC RECREATION, PERSONAL LAUNDRY SERVICES, TRANSPORTATION AND COMPREHENSIVE INDIVIDUALIZED CARE PLANNING. NURSING HOME BED DAYS PROVIDED IN 2024 WERE 18,118 WHICH INCLUDED 5,647 FROM MEDICAID AND 3,056 MEDICARE DAYS.

Program 2

Expenses: $7,364,738 Revenue: $9,060,441

WITH 104 APARTMENTS, TOCKWOTTON ON THE WATERFRONT'S ASSISTED LIVING RESIDENCES OPERATE UNDER THE NAMES, THE RIVER'S EDGE AND THE COURTYARD MEMORY CARE. THE RIVER'S EDGE IS AN ASSISTED LIVING...

WITH 104 APARTMENTS, TOCKWOTTON ON THE WATERFRONT'S ASSISTED LIVING RESIDENCES OPERATE UNDER THE NAMES, THE RIVER'S EDGE AND THE COURTYARD MEMORY CARE. THE RIVER'S EDGE IS AN ASSISTED LIVING COMMUNITY WHERE THE INDIVIDUAL'S INDEPENDENCE, WELL-BEING AND HAPPINESS IS THE FIRST PRIORITY. THE OPERATIONS OPENED IN 1856 AND MOVED TO A NEWLY BUILT STATE OF THE ART FACILITY IN JANUARY 2013. THE COMMUNITY OFFERS ALL THE COMFORTS OF HOME BY COMBINING ELEGANCE WITH THE FEEL OF A COMFORTABLE SEASIDE COTTAGE. AMENITIES INCLUDED IN THE MONTHLY RENT ARE SCHEDULED TRANSPORTATION, 3 MEALS A DAY, ALL PROGRAM OFFERINGS, WEEKLY HOUSEKEEPING AND CHANGING OF LINENS, ALL UTILITIES, 24 HOUR SECURITY AND EMERGENCY CALL SYSTEM, WI-FI, USE OF LAUNDRY AND SUPPLIES, AND PRIORITY ADMISSION TO TOCKWOTTON SKILLED NURSING CENTER. RIVER'S EDGE ALSO MAKES AVAILABLE TO THE RESIDENTS PACKAGES THAT INCLUDE PERSONAL CARE, MEDICATION PACKAGES, PERSONAL SAFETY PENDANTS, CABLE TV/INTERNET/PHONE, PERSONAL LAUNDRY, REHABILITATION, NUTRITIONAL COUNSELING AND SPECIAL DIETS. THE COURTYARD MEMORY CARE AT TOCKWOTTON ON THE WATERFRONT IS AN ASSISTED LIVING RESIDENCE THAT SPECIALIZES IN CARE FOR THOSE WITH ALZHEIMER'S DISEASE AND OTHER FORMS OF MEMORY LOSS. THE COURTYARD PROVIDES A SAFE AND NURTURING ENVIRONMENT WHERE HIGHLY TRAINED CAREGIVERS FOCUS ON WHAT IS MEANINGFUL TO EACH RESIDENT. BESIDES THE AMENITIES MENTIONED ABOVE, THE COURTYARD ALSO PROVIDES AN ONGOING ASSESSMENT OF THE RESIDENT'S HEALTH NEEDS, PERIODIC WELLNESS CHECKS BY STAFF NURSES AND MEDICATION ADMINISTRATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $315,656

Program Service Revenue $17,631,604

Investment Income $741,489

Other Revenue $-9,416

TOTAL REVENUE $18,679,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,774,961

Fundraising Expenses $0

Program Expenses $15,197,508

Other Expenses $9,716,977

TOTAL EXPENSES $17,491,938

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,679,333	$17,340,271	+0.1%
Expenses	$17,491,938	$17,350,388	+0.0%
Net Income	$1,187,395	$-10,117	-118.4%

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

236

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

$503,687

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN MCKAY	EXEC. DIR./PRESIDENT	40.00	Officer	$307,743	$40,706	$348,449
ZENITA FERNANDES	CNA	40.00	Highest	$187,009	$7,480	$194,489
JOYCE NALLEN	DIRECTOR OF FINANCE	40.00	Officer	$135,741	$19,497	$155,238
MICHAELA MCKAY	ADMINISTRATOR	40.00	Highest	$120,815	$20,300	$141,115
AMELINDA DUBOIS	RN	40.00	Highest	$123,349	$13,688	$137,037
KIMBERLY CHOUINARD	RN	40.00	Highest	$119,428	$14,772	$134,200
OLIVER BESTMAN	RN	40.00	Highest	$114,930	$880	$115,810
MARIANNE RAIMONDO	DIRECTOR/CHAIR	2.00	Officer Director	$0	$0	$0
RAFAEL YEPEZ	DIRECTOR/TREASURER	2.00	Officer Director	$0	$0	$0
KAREN MARSHALL	DIRECTOR/SECRETARY	2.00	Officer Director	$0	$0	$0
KRISTEN BRETON	DIRECTOR	2.00	Director	$0	$0	$0
CLIFFORD FIELDS MD	DIRECTOR - UNTIL 9/24	2.00	Director	$0	$0	$0
DAVID KROESSLER MD	DIRECTOR - UNTIL 5/24	2.00	Director	$0	$0	$0
ELINORE MCCANCE-KATZ MD	DIRECTOR - UNTIL 6/24	2.00	Director	$0	$0	$0
BRENDAN RYAN	DIRECTOR - BEG 7/9/24	2.00	Director	$0	$0	$0
MICHAEL TAUBER	DIRECTOR	2.00	Director	$0	$0	$0
DR SUSAN WEISS	DIRECTOR	2.00	Director	$0	$0	$0
IRENE ZIEGLER	DIRECTOR - UNTIL 3/24	2.00	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	$18,679,333	$17,491,938	$56,819,031	$1,187,395
2023	$17,340,271	$17,350,388	$55,200,015	$-10,117
2022	$17,461,054	$17,483,263	$54,114,890	$-22,209
2021	$16,474,278	$17,130,696	$58,805,077	$-656,418
2020	$18,368,729	$20,961,433	$97,018,424	$-2,592,704
2019	$17,235,311	$18,987,572	$99,351,259	$-1,752,261
2018	$16,868,969	$18,279,716	$100,705,854	$-1,410,747