Masonicare Corporation (EIN 061435919) - Form 990 Financial Analysis & Trantor Score

🔒

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

1995

Legal Domicile

Phone

2036787857

Tax Period

2023-10-01 to 2024-09-30

Masonicare Corporation, founded in 1995, is a community nonprofit in the Health Care sector that reported $7.9M in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $16.5M exceeded revenue, resulting in a 109% operating deficit.

Mission

MASONICARE IS A PARENT HOLDING COMPANY AND SUPPORT ORGANIZATION FOR ITS AFFILIATE CORPORATIONS.

🔒

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 $0

Program Service Revenue $7,516,788

Investment Income $273,455

Other Revenue $81,588

TOTAL REVENUE $7,871,831

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $10,882,823

Fundraising Expenses $0

Program Expenses $16,484,356

Other Expenses $5,576,533

TOTAL EXPENSES $16,484,356

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,871,831	$15,691,064	-0.5%
Expenses	$16,484,356	$16,128,054	+0.0%
Net Income	$-8,612,525	$-436,990	+18.7%

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

121

Volunteers

100

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

$1,114,529

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	TRUSTEE	1.0	Director	$0	$0	$0
EDWARD C PAGE	TRUSTEE	1.0	Director	$0	$0	$0
JOHN LAWLOR	TRUSTEE	1.0	Director	$0	$0	$0
JOSEPH J PORCO	TRUSTEE (THRU 03/31/24)	1.0	Director	$0	$0	$0
KERRY BROWN	TRUSTEE	1.0	Director	$0	$0	$0
KEVIN J HECHT	TRUSTEE	1.0	Director	$0	$0	$0
LAURA MICHNOWSKI	TRUSTEE	1.0	Director	$0	$0	$0
MARK WINNE	TRUSTEE	1.0	Director	$0	$0	$0
RINALDO MAGLIANO	TRUSTEE	1.0	Director	$0	$0	$0
ROBERT J FURCE	TRUSTEE	1.0	Director	$0	$0	$0
SHANE DUFRESNE	TRUSTEE (EFFECTIVE 04/01/24)	1.0	Director	$0	$0	$0
SHELBY JACKSON	TRUSTEE	1.0	Director	$0	$0	$0
THADDEUS M STEWART	TRUSTEE	1.0	Director	$0	$0	$0
THEODORE J NELSON	TRUSTEE	1.0	Director	$0	$0	$0
JON-PAUL VENOIT	PRESIDENT AND CEO, ASSISTANT SECRETARY	40.0	Officer	$727,638	$58,740	$786,378
STEVEN D BEAULIEU	CFO, ASSISTANT TREASURER	40.0	Officer	$284,036	$44,115	$328,151
ANN COLLETTE KRANTZ	CHIEF OF STRATEGY	40.0	Highest	$214,463	$49,105	$263,568
EDWARD DOOLING	CHIEF OF HEALTHCARE SERVICE	40.0	Highest	$230,471	$11,737	$242,208
HOLLY WARNER	REGIONAL DIRECTOR SALES MARKETING	40.0	Highest	$163,424	$46,241	$209,665
PATRICIA MOORE	DIRECTOR OF ACCOUNTING	40.0	Highest	$150,563	$35,669	$186,232
RONALD SCHWARTZ	SENIOR DIRECTOR OF CONTINUUM HEALTH SERVICES CARE	40.0	Highest	$282,889	$36,897	$319,786
BRIAN RICHARD	FORMER CHIEF INFORMATION OFFICER	N/A		$159,837	$26,732	$186,569

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	$7,871,831	$16,484,356	$45,269,970	$-8,612,525
2023	$15,691,064	$16,128,054	$48,380,805	$-436,990
2022	$7,599,308	$15,408,898	$50,868,442	$-7,809,590
2021	$7,389,407	$14,941,508	$62,787,609	$-7,552,101
2020	$8,772,682	$16,694,221	$59,871,999	$-7,921,539
2019	$9,806,627	$25,379,257	$60,494,556	$-15,572,630
2018	$10,205,054	$22,522,736	$58,485,612	$-12,317,682

Masonicare Corporation