ISLAND REHABILITATION AND NURSING CENTER INC

EIN: 113570505 501(c)(3) Housing & Shelter

HOLTSVILLE, NY

Total Revenue
$16,672,237
Total Expenses
$18,192,124
Total Assets
$13,441,717
Net Assets
$-2,339,638
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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
1999
Legal Domicile
NY
Principal Officer
STUART B ALMER
Phone
6317583336
Tax Period
2023-01-01 to 2023-12-31

ISLAND REHABILITATION AND NURSING CENTER INC, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $16.7M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE HIGHEST QUALITY OF CARE TO ALL RESIDENTS PATIENTS IN A MANNER THAT ENSURES RESPECT, DIGNITY, COMPASSION, SENSITIVITY AND CONCERN.

Program Service Accomplishments

Program 1
Expenses: $12,658,402 Revenue: $15,890,659

ISLAND NURSING AND REHAB CENTER PROVIDED 34,015 DAYS OF INPATIENT REHABILITATION SERVICES TO PATIENTS AND RESIDENTS DURING 2023.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $701,849
Program Service Revenue $15,890,659
Investment Income $1,332
Other Revenue $78,397
TOTAL REVENUE $16,672,237

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,134,006
Fundraising Expenses $0
Program Expenses $12,658,402
Other Expenses $10,058,118
TOTAL EXPENSES $18,192,124

Year-over-Year Comparison

2023 2022 Change
Revenue $16,672,237 $15,065,565 +0.1%
Expenses $18,192,124 $19,667,211 -0.1%
Net Income $-1,519,887 $-4,601,646 -0.7%
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

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Governance

Voting Members
6
Independent Members
6
Employees
190
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
5
$0
Total Directors
6
$0
Key Employees
2
$339,071
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
AUDREY MARCHAND ADMINSTRATOR 38.0
Key Emp
$170,479 $16,582 $187,061
TERESA FERUSON DNS 38.0
Highest
$149,953 $15,235 $165,188
RALPH BAUDIN MDS COORDINATOR 40.0
Key Emp
$128,656 $23,354 $152,010
TIMOTHY WINTZ DIRECTOR OF ENGINEERING 38.0
Highest
$133,368 $14,327 $147,695
GUENDALINA NORRIS LOPEZ ASST. DNS 38.0
Highest
$125,642 $13,833 $139,475
BERT BRODSKY CHAIRMAN 4.0
Officer Director
$0 $0 $0
LEE LAUNER TREASURER 0.5
Officer Director
$0 $0 $0
GERALD ANGOWITZ SECRETARY 0.5
Officer Director
$0 $0 $0
NOAH FINKEL MD BOARD MEMBER 0.5
Director
$0 $0 $0
CARY WOLF BOARD MEMBER 0.5
Director
$0 $0 $0
STUART B ALMER PRESIDENT & CEO 0.5
Officer Director
$0 $0 $0
LOUIS VITERITTI CHIEF FINANCIAL OFFICER 0.5
Officer
$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 No data No data No data No data
2023 $16,672,237 $18,192,124 $13,441,717 $-1,519,887
2022 $15,065,565 $19,667,211 $14,469,075 $-4,601,646
2021 $27,917,787 $14,374,062 $20,545,926 $13,543,725
2020 $17,750,033 $16,007,671 $18,341,521 $1,742,362
2019 $17,782,634 $17,764,392 $14,390,385 $18,242
2018 $17,473,028 $18,615,509 $14,100,700 $-1,142,481
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