THE SILVERCREST CENTER FOR NURSING AND REHABILITATION (EIN 112925535) - 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

1990

Legal Domicile

Phone

7184804065

Tax Period

2023-01-01 to 2023-12-31

THE SILVERCREST CENTER FOR NURSING AND REHABILITATION, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $62.6M in total revenue in fiscal year 2023. Expenses of $69.8M exceeded revenue, resulting in a 12% operating deficit.

Mission

SKILLED NURSING FACILITY

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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 $1,650,048

Program Service Revenue $60,424,140

Investment Income $9,597

Other Revenue $469,343

TOTAL REVENUE $62,553,128

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,968,589

Fundraising Expenses $0

Program Expenses $66,501,409

Other Expenses $26,790,424

TOTAL EXPENSES $69,759,013

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,553,128	$61,828,176	+0.0%
Expenses	$69,759,013	$66,657,993	+0.0%
Net Income	$-7,205,885	$-4,829,817	+0.5%

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

538

Volunteers

N/A

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

$4,474,006

Total Directors

$7,568,155

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	TRUSTEE/TREASURER	3.0	Officer Director	$0	$17,583	$435,834
N/A	CHAIRMAN	1.0	Officer Director	$0	$67,757	$1,229,582
N/A	TRUSTEE	3.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$154,926	$1,493,730
N/A	TRUSTEE	1.0	Director	$0	$68,997	$1,927,066
N/A	TRUSTEE	1.0	Director	$0	$51,550	$456,578
N/A	TRUSTEE	1.0	Director	$0	$74,378	$887,623
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$80,466	$1,137,742
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	VP/CFO	59.0	Officer	$411,270	$44,249	$455,519
N/A	PRESIDENT/CEO	50.0	Officer	$0	$93,181	$635,275
N/A	VP/CMO	59.0	Officer	$394,467	$42,949	$437,416
N/A	VP/CNO	59.0	Officer	$262,040	$53,983	$316,023
N/A	PRESIDENT/CEO	50.0	Officer	$506,947	$28,297	$535,244
N/A	SECRETARY	2.0	Officer	$0	$57,139	$375,476
N/A	VP/COO	59.0	Officer	$45,750	$7,887	$53,637
N/A	RN	35.0	Highest	$205,850	$450	$206,300
N/A	RN	35.0	Highest	$210,277	$450	$210,727
N/A	RN	35.0	Highest	$219,815	$450	$220,265
N/A	RN	35.0	Highest	$199,398	$450	$199,848
N/A	RN	35.0	Highest	$209,803	$1,848	$211,651
N/A	FORMER OFFICER	0.0		$0	$34,865	$548,581
N/A	FORMER OFFICER	0.0		$0	$241	$336,279

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	No data	No data	No data	No data
2023	$62,553,128	$69,759,013	$31,956,592	$-7,205,885
2022	$61,828,176	$66,657,993	$31,928,133	$-4,829,817
2021	$53,752,746	$59,965,188	$32,498,304	$-6,212,442
2020	$55,737,910	$65,044,122	$29,973,326	$-9,306,212
2019	$58,043,005	$57,938,945	$31,292,839	$104,060
2018	$58,651,625	$64,985,771	$30,396,754	$-6,334,146

THE SILVERCREST CENTER FOR NURSING AND REHABILITATION