WAVENY CARE CENTER HEALTH SERVICES… - 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

1998

Legal Domicile

Principal Officer

RUSSELL BARKSDALE

Phone

2035945200

Tax Period

2023-10-01 to 2024-09-30

WAVENY CARE CENTER HEALTH SERVICES INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $9.1M in total revenue in fiscal year 2023.

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: $7,046,357 Revenue: $8,214,206

INPATIENT ASSISTED AND INDEPENDENT LIVING SERVICES - NURSING, ASSISTED LIVING, AND INDEPENDENT LIVING SERVICES PROVIDED TO RESIDENTS WITH AN APPROPRIATE ASSISTANCE WITH ACTIVITIES OF DAILY LIVING AND...

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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 $929,629

Program Service Revenue $8,214,206

Investment Income $3,320

Other Revenue $-35,515

TOTAL REVENUE $9,111,640

Expense Breakdown

Grants Paid $387,329

Salaries & Benefits $4,793,791

Fundraising Expenses $7,756

Program Expenses $7,046,357

Other Expenses $3,991,459

TOTAL EXPENSES $9,172,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,111,640	$9,304,421	0.0%
Expenses	$9,172,579	$8,492,568	+0.1%
Net Income	$-60,939	$811,853	-1.1%

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

117

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	1.00	Officer Director	$0	$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	1.00	Officer	$0	$5,837	$220,972
CAROL MCDONNELL SMITH	VP HOME HEALTH	1.00	Key Emp	$0	$10,810	$223,815
TERRANCE HENRY	CHIEF MARKETING/SALES OFFICER	1.00	Key Emp	$0	$49,302	$263,430
REBECCA ALBRECHT	CHIEF HUMAN RESOURCES OFFICER	1.00	Key Emp	$0	$5,142	$219,457

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	$9,111,640	$9,172,579	$11,948,898	$-60,939
2023	$9,304,421	$8,492,568	$12,442,648	$811,853
2022	$6,814,506	$7,613,651	$11,546,015	$-799,145
2021	$6,120,495	$7,442,663	$11,677,668	$-1,322,168
2020	$6,068,511	$7,264,048	$10,117,763	$-1,195,537
2019	$7,518,995	$7,570,359	$11,324,519	$-51,364
2018	$8,682,307	$8,576,322	$11,436,739	$105,985

WAVENY CARE CENTER HEALTH SERVICES INC