CONCORD NURSING HOME INC (EIN 112290533) - 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

1971

Legal Domicile

Phone

7186367500

Tax Period

2024-01-01 to 2024-12-31

CONCORD NURSING HOME INC, founded in 1971, is a mid-sized nonprofit that reported $22.8M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $19.5M left a modest 15% surplus.

Mission

PROVIDE SKILLED NURSING SERVICES FOR PERSONS WHO ARE INFIRMED, OR AGED AND INFIRMED, WITHOUT REFERENCE TO RACE, SEX, RELIGION, COLOR, OR NATURAL ORIGIN.

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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 (2024)

Revenue Breakdown

Contributions & Grants $269,303

Program Service Revenue $21,468,342

Investment Income $1,101,686

Other Revenue $471

TOTAL REVENUE $22,839,802

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,954,667

Fundraising Expenses $0

Program Expenses $15,984,109

Other Expenses $9,563,412

TOTAL EXPENSES $19,518,079

Year-over-Year Comparison

	2024	2023	Change
Revenue	$22,839,802	$21,032,213	+0.1%
Expenses	$19,518,079	$18,713,052	+0.0%
Net Income	$3,321,723	$2,319,161	+0.4%

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

200

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
Samuel Phillips	Administrator	37.25		$283,010	$0	$283,010
Juliana Ninvalle	Dir. Of Nursing	37.25		$194,403	$0	$194,403
Alison Stewart	LPN Supervisor	37.25		$136,855	$0	$136,855
Guy Louis-Jacques	Resp Therapist	37.25		$135,976	$0	$135,976
Dorothea St Clair	Nurse Supervisor	37.25		$133,017	$0	$133,017
Rev Dr Gary Simpson	Chairman	0.00	Officer Director	$0	$0	$0
Albert Wiltshire	Treasurer	0.00	Officer Director	$0	$0	$0
Sefer Balickchi	Secretary	0.00	Officer Director	$0	$0	$0
Deidre Pilgrim	Board Member	0.00	Officer Director	$0	$0	$0
Angela Murdock-Ridley	Board Member	0.00	Officer 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	$22,839,802	$19,518,079	$27,754,344	$3,321,723
2023	$21,032,213	$18,713,052	$24,048,744	$2,319,161
2022	$23,338,511	$20,432,495	$20,611,084	$2,906,016
2021	$21,158,053	$16,864,926	$18,221,221	$4,293,127
2020	$21,651,549	$17,336,869	$12,004,414	$4,314,680
2019	$19,407,323	$18,117,162	$9,946,183	$1,290,161
2018	$14,502,206	$16,541,516	$8,396,852	$-2,039,310

CONCORD NURSING HOME INC