Masonicare at Ashlar Village Inc (EIN 061050830) - 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

1981

Legal Domicile

Phone

2036796400

Tax Period

2023-10-01 to 2024-09-30

Masonicare at Ashlar Village Inc, founded in 1981, is a mid-sized nonprofit in the Human Services sector that reported $32.6M in total revenue in fiscal year 2023. Expenses of $27.8M left a modest 15% surplus.

Mission

CONTINUING CARE RETIREMENT COMMUNITY, PROVIDING BOTH INDEPENDENT AND ASSISTED LIVING TO PEOPLE AGED 55 AND OVER

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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 $94,165

Program Service Revenue $29,414,443

Investment Income $1,870,423

Other Revenue $1,179,032

TOTAL REVENUE $32,558,063

Expense Breakdown

Grants Paid $68,144

Salaries & Benefits $9,525,641

Fundraising Expenses $0

Program Expenses $25,544,427

Other Expenses $18,189,025

TOTAL EXPENSES $27,782,810

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,558,063	$31,914,782	+0.0%
Expenses	$27,782,810	$26,982,730	+0.0%
Net Income	$4,775,253	$4,932,052	0.0%

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

288

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

$1,438,933

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BONNIE MCWAIN	SECRETARY	1.0	Officer Director	$0	$0	$0
BRUCE R BELLMORE	VICE CHAIRMAN	1.0	Officer Director	$0	$0	$0
CHRISTOPHER J EARLE	CHAIRMAN	1.0	Officer Director	$0	$0	$0
NEWTON BUCKNER	TREASURER	1.0	Officer Director	$0	$0	$0
DAVID BERARDESCA	DIRECTOR	1.0	Director	$0	$0	$0
EDWARD C PAGE	DIRECTOR	1.0	Director	$0	$0	$0
JOHN LAWLOR	DIRECTOR	1.0	Director	$0	$0	$0
JOSEPH J PORCO	DIRECTOR (THRU 03/31/24)	1.0	Director	$0	$0	$0
KERRY BROWN	DIRECTOR	1.0	Director	$0	$0	$0
KEVIN J HECHT	DIRECTOR	1.0	Director	$0	$0	$0
LAURA MICHNOWSKI	DIRECTOR	1.0	Director	$0	$0	$0
MARK WINNE	DIRECTOR	1.0	Director	$0	$0	$0
RINALDO MAGLIANO	DIRECTOR	1.0	Director	$0	$0	$0
ROBERT J FURCE	DIRECTOR	1.0	Director	$0	$0	$0
SHANE DUFRESNE	DIRECTOR (EFFECTIVE 04/01/24)	1.0	Director	$0	$0	$0
SHELBY JACKSON	DIRECTOR	1.0	Director	$0	$0	$0
THADDEUS M STEWART	DIRECTOR	1.0	Director	$0	$0	$0
THEODORE J NELSON	DIRECTOR	1.0	Director	$0	$0	$0
JON-PAUL VENOIT	PRESIDENT AND CEO, ASSISTANT SECRETARY	1.0	Officer	$0	$58,740	$786,378
KIMBERLY MAGALHAES	EXECUTIVE DIRECTOR INDEPENDENT LIVING (MAV)	40.0	Officer	$138,493	$6,264	$144,757
RACHAEL LAUDANO	EXECUTIVE DIRECTOR ASSISTED LIVING (MAV)	40.0	Officer	$135,168	$44,479	$179,647
STEVEN D BEAULIEU	CFO, ASSISTANT TREASURER	1.0	Officer	$0	$44,115	$328,151
KIMBERLY FIORE	DIRECTOR OF SALES	40.0	Highest	$160,637	$21,058	$181,695
OLENA KORYTNYUK	DIRECTOR ALSA	40.0	Highest	$115,628	$32,845	$148,473
TINA BENNETT	INFECTION PREVENTIONIST	40.0	Highest	$116,228	$35,760	$151,988

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	$32,558,063	$27,782,810	$122,477,230	$4,775,253
2023	$31,914,782	$26,982,730	$123,206,882	$4,932,052
2022	$30,919,426	$24,937,560	$124,424,706	$5,981,866
2021	$29,568,756	$24,366,140	$124,995,014	$5,202,616
2020	$29,686,985	$23,976,092	$126,279,743	$5,710,893
2019	$29,535,216	$22,781,507	$129,615,979	$6,753,709
2018	$29,701,751	$23,125,983	$104,318,328	$6,575,768

Masonicare at Ashlar Village Inc