THE CURTIS HOME

EIN: 060692375 501(c)(3)

MERIDEN, CT

Total Revenue
$9,087,753
Total Expenses
$8,475,915
Total Assets
$5,907,350
Net Assets
$4,428,210
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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
1985
Legal Domicile
CT
Principal Officer
PATRICK MCDONNELL
Phone
2032374338
Tax Period
2023-10-01 to 2024-09-30

THE CURTIS HOME, founded in 1985, is a community nonprofit that reported $9.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $8.5M left a modest 7% surplus.

Mission

OPERATION OF SKILLED NURSING AND RESIDENTIAL FACILITIES FOR OLDER ADULTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,969
Program Service Revenue $8,818,502
Investment Income $340,365
Other Revenue $-97,083
TOTAL REVENUE $9,087,753

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,014,447
Fundraising Expenses $0
Program Expenses $7,507,051
Other Expenses $3,461,468
TOTAL EXPENSES $8,475,915

Year-over-Year Comparison

2023 2022 Change
Revenue $9,087,753 $8,145,031 +0.1%
Expenses $8,475,915 $8,138,437 +0.0%
Net Income $611,838 $6,594 +91.8%
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

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Governance

Voting Members
7
Independent Members
7
Employees
200
Volunteers
5

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
8
$293,294
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALBERT MISLOW EXECUTIVE DIRECTOR (UNTIL 06/24) 40.00
Officer
$164,750 $28,758 $193,508
DULCE VIEIRA DIRECTOR OF NURSING SERVIC 40.00
Highest
$121,726 $22,568 $144,294
LUCILA ROLLING NURSING SUPERVISOR 40.00
Highest
$106,296 $18,966 $125,262
LINDA FASSBENDER DIRECTOR OF FINANCE 40.00
Officer
$97,394 $2,392 $99,786
PATRICK MCDONNELL EXECUTIVE DIRECTOR (AS OF 06/24) 0.50
Officer
$0 $0 $0
MICHAEL GRUBER PRESIDENT 0.50
Officer Director
$0 $0 $0
RICHARD PENDRED VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
KAREN HALLORAN SECRETARY 37.50
Officer Director
$0 $0 $0
ROBERT FLYNTZ SECRETARY (UNTIL 11/23) 0.50
Officer Director
$0 $0 $0
DAVID CANTOR TREASURER 0.50
Officer Director
$0 $0 $0
PETER ALLAM TRUSTEE 0.50
Director
$0 $0 $0
ART ERICKSON SR TRUSTEE 0.50
Director
$0 $0 $0
DAVID MACNIVIN TRUSTEE 0.50
Director
$0 $0 $0
RONALD STEMPIEN TRUSTEE (UNTIL 06/23) 0.50
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 $9,087,753 $8,475,915 $5,907,350 $611,838
2023 $8,145,031 $8,138,437 $5,293,845 $6,594
2022 $8,013,414 $8,620,514 $5,308,417 $-607,100
2021 $7,935,026 $7,769,801 $5,658,988 $165,225
2020 $7,688,562 $7,148,242 $6,370,815 $540,320
2019 $6,776,613 $6,550,585 $5,064,873 $226,028
2018 $6,710,577 $6,887,111 $4,859,990 $-176,534
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