WAVENY CARE CENTER INC

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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

1998

Legal Domicile

Principal Officer

RUSSELL BARKSDALE

Phone

2035945200

Tax Period

2023-10-01 to 2024-09-30

WAVENY CARE CENTER INC, founded in 1998, is a mid-sized nonprofit in the Health Care sector that reported $16.6M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

WE SEEK TO PROVIDE THE HIGHEST QUALITY OF COMPASSIONATE, PERSON-CENTERED CARE. WE ARE COMMITTED TO OFFERING SERVICES AND RESOURCES TO CONTINUALLY MEET AND EXCEED THE GROWING NEEDS OF OLDER ADULTS AND THEIR FAMILIES.

Program Service Accomplishments

Program 1

Expenses: $10,417,714 Revenue: $14,390,011

INPATIENT ROOM & BOARD - NURSING SERVICES PROVIDED RESIDENTS AND PATIENTS WITH AN APPROPRIATE ASSISTANCE WITH ACTIVITES OF DAILY LIVING AND AN ADEQUATE BALANCE OF PROFESSIONAL SERVICES AND PERSONAL...

Program 2

Expenses: $1,268,957 Revenue: $131,012

NUTRITIONAL CARE TO PATIENTS, RESIDENTS & ORGANIZATIONS - DIETARY SERVICES PROVIDED MEALS AND NUTRITIONAL CARE TO MEALS ON WHEELS, RESIDENTS, AND PATIENTS. TOTAL NUMBER OF PEOPLE BENEFITING : 643

Program 3

Expenses: $1,079,138 Revenue: $96,535

INPATIENT REHABILITATION SERVICES - OTHER RESIDENT SERVICES PROVIDED WITH THE OPPORTUNITY TO MAINTAIN INDEPENDENCE WHILE HAVING READY ACCESS TO NURSING AND REHABILITATION SERVICES. TOTAL NUMBER OF...

INPATIENT REHABILITATION SERVICES - OTHER RESIDENT SERVICES PROVIDED WITH THE OPPORTUNITY TO MAINTAIN INDEPENDENCE WHILE HAVING READY ACCESS TO NURSING AND REHABILITATION SERVICES. TOTAL NUMBER OF PEOPLE BENEFITTING: 128

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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 $1,153,090

Program Service Revenue $14,617,558

Investment Income $838,486

Other Revenue $36,759

TOTAL REVENUE $16,645,893

Expense Breakdown

Grants Paid $587,312

Salaries & Benefits $9,287,108

Fundraising Expenses $513,087

Program Expenses $12,765,809

Other Expenses $6,487,027

TOTAL EXPENSES $16,361,447

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,645,893	$19,400,386	-0.1%
Expenses	$16,361,447	$15,361,890	+0.1%
Net Income	$284,446	$4,038,496	-0.9%

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

435

Volunteers

295

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

$784,059

Total Directors

$563,087

Key Employees

$706,702

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEO KARL III	DIRECTOR	1.00	Director	$0	$0	$0
K RONE BALDWIN	CHAIRMAN	1.00	Officer Director	$0	$0	$0
MARIAN CURTIS BLAIR	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID HUNT	TREASURER	1.00	Officer Director	$0	$0	$0
BARB ACHENBAUM	DIRECTOR	1.00	Director	$0	$0	$0
RUSSELL BARKSDALE	CEO	40.00	Officer Director	$553,801	$9,286	$563,087
SHARON BRADLEY	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
PETER BRIDGMAN	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
KATHLEEN CORBET	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
RICHARD CROARKIN	DIRECTOR (UNTIL 12/2023)	1.00	Director	$0	$0	$0
RICHARD DEPATIE	DIRECTOR	1.00	Director	$0	$0	$0
MARY FRANCO	CO-VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR CRAIG OLIN	DIRECTOR	1.00	Director	$0	$0	$0
NANCY PEREZ	SECRETARY	1.00	Officer Director	$0	$0	$0
DR DAVID REED	DIRECTOR	1.00	Director	$0	$0	$0
PAUL REISS	DIRECTOR	1.00	Director	$0	$0	$0
MARYNE ROBIN	DIRECTOR	1.00	Director	$0	$0	$0
REV PETER WALSH	DIRECTOR	1.00	Director	$0	$0	$0
DEANNA XISTRIS	DIRECTOR	1.00	Director	$0	$0	$0
PENNY YOUNG	DIRECTOR	1.00	Director	$0	$0	$0
JILL SAUTKULIS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD TOWNSEND	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
DR KESAV NAIR	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
JANET LANAWAY	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
ROSE LANARD	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
MARK DEWAELE DMD	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
DIONNA CARLSON	DIRECTOR (FROM 1/2024)	1.00	Director	$0	$0	$0
CHARLES ROSE	CFO	40.00	Officer	$215,135	$5,837	$220,972
TERRANCE HENRY	CHIEF MARKETING/SALES OFFICER	40.00	Key Emp	$214,128	$49,302	$263,430
REBECCA ALBRECHT	CHIEF HUMAN RESOURCES OFFICER	40.00	Key Emp	$214,315	$5,142	$219,457
CAROL MCDONNELL SMITH	VP HOME HEALTH	40.00	Key Emp	$213,005	$10,810	$223,815
FRANCOIS COFFY-MICHEL	VILLAGE EXECUTIVE DIRECTOR	40.00	Highest	$172,913	$12,519	$185,432
MARY M ROSS	HHC NURSE SUPERVISOR	40.00	Highest	$168,039	$5,142	$173,181
MARIE PAUL	RN	40.00	Highest	$164,099	$10,856	$174,955
PAUL M REYNOLDS JR	ADMINISTRATOR	40.00	Highest	$154,740	$10,280	$165,020
CLAUDIA KATZ	DIRECTOR OF NURSING	40.00	Highest	$162,125	$6,046	$168,171

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	$16,645,893	$16,361,447	$35,333,210	$284,446
2023	$19,400,386	$15,361,890	$30,739,081	$4,038,496
2022	$14,414,337	$12,948,733	$27,065,639	$1,465,604
2021	$13,463,140	$13,021,066	$21,598,785	$442,074
2020	$11,903,804	$13,878,832	$20,417,306	$-1,975,028
2019	$13,224,620	$13,580,474	$20,145,915	$-355,854
2018	$12,229,076	$13,180,408	$20,332,268	$-951,332