THE MARY WADE HOME INCORPORATED

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1982

Legal Domicile

Principal Officer

DAVID V HUNTER

Phone

2035627222

Tax Period

2023-10-01 to 2024-09-30

THE MARY WADE HOME INCORPORATED, founded in 1982, is a mid-sized nonprofit in the Health Care sector that reported $17.8M in total revenue in fiscal year 2023.

Mission

MARY WADE HOME PROVIDES THE HIGHEST-QUALITY COMPASSIONATE CARE, SENIOR LIVING, AND SERVICES THAT PROMOTE WELLNESS FOR OLDER ADULTS IN GREATER NEW HAVEN.

Program Service Accomplishments

Program 1

Expenses: $11,662,979 Revenue: $12,995,982

PROVIDES LONG TERM CARE TO THE ELDERLY. THE PROGRAMS OFFER SKILLED NURSING SERVICES, FULL REHABILITATIVE THERAPY, AS WELL AS FOOD AND SHELTER. APPROXIMATELY 82% OF THE SERVICES ARE PROVIDED TO THE...

PROVIDES LONG TERM CARE TO THE ELDERLY. THE PROGRAMS OFFER SKILLED NURSING SERVICES, FULL REHABILITATIVE THERAPY, AS WELL AS FOOD AND SHELTER. APPROXIMATELY 82% OF THE SERVICES ARE PROVIDED TO THE ELDERLY WHO PARTICIPATE IN THE MEDICARE AND MEDICAID PROGRAMS.

Program 2

Expenses: $2,305,601 Revenue: $2,154,438

OPERATES A RESIDENTIAL CARE FACILITY. THIS SERVICE PROVIDES FOOD AND SHELTER TO THE ELDERLY WHO CANNOT LIVE INDEPENDENTLY BUT ARE NOT IN NEED OF SKILLED NURSING CARE.

Program 3

Expenses: $1,078,371 Revenue: $732,570

ADULT DAY CARE - PROVIDES ADULT DAY CARE PROGRAMS AND TRANSPORTATION SERVICES TO A DIVERSE GROUP OF ELDERLY CONSUMERS. THE DYNAMIC NEEDS OF EACH PERSON ARE MET WITH CONTINUOUSLY EVOLVING CARE AND...

ADULT DAY CARE - PROVIDES ADULT DAY CARE PROGRAMS AND TRANSPORTATION SERVICES TO A DIVERSE GROUP OF ELDERLY CONSUMERS. THE DYNAMIC NEEDS OF EACH PERSON ARE MET WITH CONTINUOUSLY EVOLVING CARE AND SERVICE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,891,397

Program Service Revenue $15,882,990

Investment Income $33,879

Other Revenue $1,950

TOTAL REVENUE $17,810,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,510,839

Fundraising Expenses $346,072

Program Expenses $15,046,951

Other Expenses $7,025,937

TOTAL EXPENSES $18,536,776

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,810,216	$17,442,203	+0.0%
Expenses	$18,536,776	$17,865,966	+0.0%
Net Income	$-726,560	$-423,763	+0.7%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

438

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

$564,347

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE MCGLOIN	CO-CHAIR	0.40	Officer Director	$0	$0	$0
BRUCE TOPOLOSKY	CO-CHAIR	0.40	Officer Director	$0	$0	$0
MARJORIE FUNK	SECRETARY	0.20	Officer Director	$0	$0	$0
JACQUELINE HENCHEL MD	SECRETARY (UNTIL 8/24)	0.20	Officer Director	$0	$0	$0
BRANDON MCFARLANE	TREASURER	0.20	Officer Director	$0	$0	$0
BARBARA C ADAMS	DIRECTOR	0.20	Officer Director	$0	$0	$0
MARY BETH CANAVAN	DIRECTOR (UNTIL 12/23)	0.20	Director	$0	$0	$0
BERNADETTE DIGIULIAN	DIRECTOR	0.20	Director	$0	$0	$0
JOYCE DUPEE	DIRECTOR	0.20	Director	$0	$0	$0
PATRICIA A GANUN	DIRECTOR (UNTIL 12/23)	0.20	Director	$0	$0	$0
HOWARD HILL	DIRECTOR	0.20	Director	$0	$0	$0
REV THOMAS JACKSON	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT KESSLER	DIRECTOR	0.20	Director	$0	$0	$0
ANGELA MATTIE	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL MORAND	DIRECTOR (UNTIL 11/23)	0.20	Director	$0	$0	$0
NICHOLAS R NICHOLSON JR PHD	DIRECTOR	0.20	Director	$0	$0	$0
ALEXANDER OVERKAMP	DIRECTOR	0.20	Director	$0	$0	$0
MICHELLE LEE RODRIGUEZ	DIRECTOR	0.20	Director	$0	$0	$0
HAROLD S SPITZER	DIRECTOR (UNTIL 12/23)	0.20	Director	$0	$0	$0
PAMELA STANTON	DIRECTOR	0.20	Director	$0	$0	$0
STEVEN WOLFSON MD	DIRECTOR	0.20	Director	$0	$0	$0
DAVID V HUNTER	PRESIDENT & CEO	19.00	Officer	$148,240	$63,653	$375,737
WILLIAM GINTER	CFO	25.00	Officer	$95,950	$35,091	$188,610
KERREN RUFFNER	DIRECTOR CLINICAL SERVICES	40.00	Highest	$138,372	$31,955	$170,327
HELEN HOILETT	C.N.A	40.00	Highest	$139,781	$18,240	$158,021
GERALYN HINES-IVERSON	ADMINISTRATOR	40.00	Highest	$136,154	$16,827	$152,981
LAVONNE COOKE	CNA	40.00	Highest	$129,273	$4,215	$133,488
KANIESHA TAYLOR	INFECTION CONTROL NURSE	40.00	Highest	$128,448	$3,913	$132,361

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	$17,810,216	$18,536,776	$49,130,345	$-726,560
2023	$17,442,203	$17,865,966	$49,981,461	$-423,763
2022	$16,858,921	$17,780,581	$55,240,235	$-921,660
2021	$15,584,704	$15,974,009	$56,097,732	$-389,305
2020	$14,225,000	$15,622,497	$57,882,127	$-1,397,497
2019	$14,767,565	$15,583,497	$54,583,639	$-815,932
2018	$13,920,305	$15,040,932	$19,955,592	$-1,120,627