Mount St Rita Health Centre (EIN 050342330) - 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

1990

Legal Domicile

Principal Officer

Kerry McGuinness

Phone

4013336352

Tax Period

2023-01-01 to 2023-12-31

Mount St Rita Health Centre, founded in 1990, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2023. Expenses of $9.9M exceeded revenue, resulting in a 16% operating deficit.

Mission

Mount Saint Rita is a Catholic skilled nursing and rehabilitation facility that continues the healing ministry of Christ by providing health care services that foster each individual's physical, spiritual, emotional and intellectual well-being.

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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 $125,961

Program Service Revenue $8,492,324

Investment Income $-92,501

Other Revenue $0

TOTAL REVENUE $8,525,784

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,462,530

Fundraising Expenses $0

Program Expenses $8,759,456

Other Expenses $5,393,174

TOTAL EXPENSES $9,855,704

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,525,784	$8,972,413	0.0%
Expenses	$9,855,704	$9,645,660	+0.0%
Net Income	$-1,329,920	$-673,247	+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

Governance

Voting Members

Independent Members

Employees

122

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

$132,246

Total Directors

$132,246

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Kerri Cerra	President (end 10/2023)	40.00	Officer Director	$102,255	$10,830	$113,085
Kerry McGuinness	President (start 10/2023)	40.00	Officer Director	$18,635	$526	$19,161
Joseph Malley	Trustee	2.00	Director	$0	$0	$0
Sr Mary Costello RSM	Trustee	2.00	Director	$0	$0	$0
Donald Houde	Trustee	2.00	Director	$0	$0	$0
Dr Boyd Peter King MD	Trustee	2.00	Director	$0	$0	$0
Martha Mulligan RSM	Trustee	2.00	Director	$0	$0	$0
Marypatricia Murphy RSM	Trustee	2.00	Director	$0	$0	$0
Patricia Vieira	Chair	2.00	Officer Director	$0	$0	$0
Suzanne Lachapelle RSM	Vice Chair	2.00	Officer Director	$0	$0	$0
Peter Keenan	Treasurer	2.00	Officer Director	$0	$0	$0
Debra Lee Servello	Secretary	2.00	Officer Director	$0	$0	$0
Joshua Bruck	RN	58.00	Highest	$147,437	$31,929	$179,366
Cynthia McDonald	RN	48.00	Highest	$114,200	$33,299	$147,499
Tina Medeiros	MDS Coordinator	48.00	Highest	$124,437	$10,115	$134,552
Eric Heredia	Maintenance	71.00	Highest	$118,057	$1,266	$119,323
Mirlande Goudlaby RN	Director of Nursing	40.00	Highest	$107,312	$7,109	$114,421

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	$8,525,784	$9,855,704	$4,815,438	$-1,329,920
2022	$8,972,413	$9,645,660	$5,338,030	$-673,247
2021	$8,504,778	$8,759,068	$5,675,483	$-254,290
2020	$9,368,413	$8,852,626	$6,649,804	$515,787
2019	$9,330,180	$9,093,360	$5,710,411	$236,820
2018	$8,883,449	$8,797,790	$6,117,588	$85,659

Mount St Rita Health Centre