LINN HEALTH AND REHABILITATION FKA UNITED METHODIST HEALTH CARE CENTER (EIN 050500899) - 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

1997

Legal Domicile

Principal Officer

JOSEPH DURAND

Phone

4014387210

Tax Period

2024-01-01 to 2024-12-31

LINN HEALTH AND REHABILITATION FKA UNITED METHODIST HEALTH CARE CENTER, founded in 1997, is a community nonprofit in the Health Care sector that reported $4.1M in total revenue in fiscal year 2024. Revenue fell 54% from the prior year — a significant decline worth monitoring. Expenses of $8.4M exceeded revenue, resulting in a 103% operating deficit.

Mission

FROM 1/1/24 TO 6/24/24 LINN HEALTH & REHABILITATION (FKA UNITED METHODIST HEALTH CARE CENTER) OPERATED AS A SKILLED NURSING FACILITY PROVIDING SKILLED NURSING HOME CARE, VARIOUS LEVELS OF POST HOSPITAL CARE, LONG TERM MEDICAL CARE IN A 73 BED EXTENDED CARE FACILITY. AS OF 6/25/24 LINN HEALTH & REHABILITATION (FKA UNITED METHODIST HEALTH CARE CENTER), D/B/A THE LOFT AT LINN MEMORY CARE, TRANSITIONED TO AN ASSISTED LIVING FACILITY OFFERING SPECIALIZED MEMORY CARE FOR ASSISTED LIVING RESIDENTS. THERE ARE 44 PRIVATE APARTMENTS TO PROVIDE INDIVIDUAL CARE. THERE IS ALSO A FREESTANDING OUTPATIENT REHABILITATION CLINIC PROVIDING PHYSICAL, OCCUPATIONAL, AND SPEEECH THERAPY. SERVICES AT THE LOFT AT LINN MEMORY CARE ARE DESIGNED TO IDENTIFY AND ADDRESS CORE ISSUES SURROUNDING THE SOCIAL, PHYSICAL AND PSYCHOLOGICAL NEEDS OF AN INDIVIDUAL, ENHANCE AND MAXIMIZE INDIVIDUAL FUNCTIONING AND INDEPENDENCE, AND PROVIDE FLEXIBLE TREATMENT OPTIONS TO CATER TO INDIVIDUAL PHYSICAL, MENTAL AND SPIRITUAL NEEDS.

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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 $580,887

Program Service Revenue $3,491,487

Investment Income $1,171

Other Revenue $72,017

TOTAL REVENUE $4,145,562

Expense Breakdown

Grants Paid $1,516,145

Salaries & Benefits $4,852,752

Fundraising Expenses $0

Program Expenses $7,081,983

Other Expenses $2,060,690

TOTAL EXPENSES $8,429,587

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,145,562	$8,965,307	-0.5%
Expenses	$8,429,587	$10,462,134	-0.2%
Net Income	$-4,284,025	$-1,496,827	+1.9%

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

180

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

$670,753

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL COLE	PRESIDENT	2.00	Officer Director	$0	$0	$0
LAUREN A FLORIO	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
SUSAN CERRONE ABELY	TREASURER	2.00	Officer Director	$0	$0	$0
HANNAH BELL-LOMBARDO	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIC CHASON	BOARD MEMBER	0.10	Director	$0	$0	$0
JOCELYNE DE GOUVENAIN	BOARD MEMBER	0.10	Director	$0	$0	$0
TJ DELSANTO	BOARD MEMBER	0.10	Director	$0	$0	$0
ANTHONY F DOLPHIN	BOARD MEMBER	0.10	Director	$0	$0	$0
JODI L GLASS	BOARD MEMBER	0.10	Director	$0	$0	$0
BRUCE W GLASS	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH H HOWLETT	BOARD MEMBER	1.00	Director	$0	$0	$0
REV DR JAMES MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN F O'ROURKE	BOARD MEMBER	1.00	Director	$0	$0	$0
FRANCIS A RICHARDS	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY RUZZO	BOARD MEMBER	0.10	Director	$0	$0	$0
BISHOP THOMAS J BICKERTON	BOARD MEMBER	0.10	Director	$0	$0	$0
RICHARD GAMACHE	CEO	12.00	Officer	$0	$22,558	$255,103
JAMIE SANFORD	ADMINISTRATOR	40.00	Officer	$121,902	$24,293	$146,195
JOSEPH DURAND	CFO	16.00	Officer	$0	$24,339	$144,576
SANDRA CULLEN	COO	4.00	Officer	$0	$15,320	$124,879
JUDITH MARTIN	WELLNESS DIRECTOR	40.00	Highest	$100,070	$7,844	$107,914

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	$4,145,562	$8,429,587	$2,453,597	$-4,284,025
2023	$8,965,307	$10,462,134	$5,102,883	$-1,496,827
2022	$9,409,812	$9,513,124	$6,067,882	$-103,312
2021	$9,028,519	$9,114,640	$5,213,427	$-86,121
2020	$9,165,807	$10,125,619	$5,299,385	$-959,812
2019	$7,382,424	$8,554,370	$5,081,084	$-1,171,946

LINN HEALTH AND REHABILITATION FKA UNITED METHODIST HEALTH CARE CENTER