Wallingford, CT
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)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.
MASONICARE IS A PARENT HOLDING COMPANY AND SUPPORT ORGANIZATION FOR ITS AFFILIATE CORPORATIONS (COLLECTIVELY REFERRED TO AS "MASONICARE THE "SYSTEM"). MASONICARE WAS ORGANIZED IN 1995 FOR THE BENEFIT OF PROVIDING LONG RANGE STRATEGIC AND FINANCIAL PLANNING, POLICY DEVELOPMENT AND SUPPORT SERVICES FOR ITS AFFILIATES WHICH PROVIDE CONTINUING CARE RETIREMENT SERVICES AND OTHER HOUSING, HEALTHCARE AND RELATED SERVICES TO OLDER ADULTS. TRACING ITSELF TO ITS PREDECESSOR, THE MASONIC CHARITY FOUNDATION OF CONNECTICUT, THE PRINCIPAL PURPOSES OF THE CORPORATE SYSTEM ARE TO AID, ASSIST OR SUPPORT THE AGED, SICK OR INFIRM SPECIFIED GROUPS, AND OTHERWISE PROVIDE FOR THE NEEDS OF AN AGING POPULATION. IN FURTHERANCE OF ITS TRADITIONAL VALUES, THE MISSION OF MASONICARE IS TO ENHANCE THE QUALITY OF LIFE BY PROVIDING HEALTH, SOCIAL AND SPIRITUAL CARE THROUGHOUT AN INDIVIDUAL'S LIFETIME WITH EMPHASIS ON THE NEEDS OF OLDER PERSONS.
Provides management support for its affiliates who provide geriatric care services, hospital services, management services, fundraising services and investment management services. This is done with...
Provides management support for its affiliates who provide geriatric care services, hospital services, management services, fundraising services and investment management services. This is done with a view of furthering the long-range goals and traditional objectives and values of providing for the needs of an aging population.
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%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare Masonicare Corporation with other nonprofits in Connecticut and across the country.