National Health Care Inc and Affil… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

Marvin Ostreicher

Phone

5167054800

Tax Period

2023-10-01 to 2024-09-30

National Health Care Inc and Affiliate Voluntary Employee Benefit Assoc Plan, founded in 1989, is a mid-sized nonprofit that reported $44.9M in total revenue in fiscal year 2023. Expenses of $43.2M left a modest 4% surplus.

Mission

Voluntary Employee Benefit Association to provide health benefits for participants.

Program Service Accomplishments

Program 1

The plan provides health and other benefits to all eligible employees of Riverside Health Care Center and related employers.

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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 $0

Program Service Revenue $44,854,848

Investment Income $0

Other Revenue $0

TOTAL REVENUE $44,854,848

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $135,582

TOTAL EXPENSES $43,158,174

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,854,848	$46,204,193	0.0%
Expenses	$43,158,174	$48,965,552	-0.1%
Net Income	$1,696,674	$-2,761,359	-1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Marvin Ostreicher	Trustee	2.00	Director	$0	$0	$0
Barry Bokow	Trustee	2.00	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	$44,854,848	$43,158,174	$1,169,305	$1,696,674
2023	$46,204,193	$48,965,552	$1,144,072	$-2,761,359
2022	$36,060,280	$42,370,493	$1,585,757	$-6,310,213
2021	$37,180,096	$45,799,629	$826,329	$-8,619,533
2020	$40,592,624	$37,571,419	$9,087,297	$3,021,205
2019	$40,950,378	$44,716,902	$5,978,023	$-3,766,524
2018	$40,414,165	$43,233,762	$9,720,065	$-2,819,597

National Health Care Inc and Affiliate Voluntary Employee Benefit Assoc Plan