TOLSTOY FOUNDATION NURSING HOME INC (EIN 132590983) - 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

Principal Officer

MIRIAM LEVI

Phone

8452686813

Tax Period

2024-01-01 to 2024-12-31

TOLSTOY FOUNDATION NURSING HOME INC, founded in 1990, is a mid-sized nonprofit that reported $10.2M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Expenses of $11.7M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE NURSING CARE & REHABILITATION SERVICES TO ELDERLY PATIENTS

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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 $9,747

Program Service Revenue $10,224,122

Investment Income $139

Other Revenue $2,673

TOTAL REVENUE $10,236,681

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,342,477

Fundraising Expenses $0

Program Expenses $10,083,643

Other Expenses $4,379,018

TOTAL EXPENSES $11,721,495

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,236,681	$11,198,762	-0.1%
Expenses	$11,721,495	$10,826,703	+0.1%
Net Income	$-1,484,814	$372,059	-5.0%

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

155

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

Total Directors

Key Employees

$150,511

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DOMINIC FILIPPONE	CHAIRMAN	5.00	Officer Director	$0	$0	$0
GEORGE SOROKA	SECRETARY	5.00	Officer Director	$0	$0	$0
IRENE ORLOW	BOARD MEMBER	5.00	Director	$0	$0	$0
VICTOR TIMOSHENKO	BOARD MEMBER	5.00	Director	$0	$0	$0
VICTORIS WOHLSEN	BOARD MEMBER	5.00	Director	$0	$0	$0
DOROTHY CORBETT	ADMINISTRATOR/CEO	40.00	Key Emp	$150,511	$0	$150,511
COURTNEY A MODAFERRI	DIRECTOR OF NURSING	40.00	Highest	$128,345	$0	$128,345
COLLEEN O'KEEFE	ASSISTANT DIRECTOR OF NURSING	40.00	Highest	$119,740	$0	$119,740

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	$10,236,681	$11,721,495	$2,601,901	$-1,484,814
2023	$11,198,763	$10,826,703	$2,686,073	$372,060
2022	$12,281,706	$11,702,675	$2,725,103	$579,031
2021	$10,161,412	$11,462,500	$2,442,950	$-1,301,088
2020	$8,739,947	$10,370,100	$2,571,379	$-1,630,153
2019	$10,402,766	$10,254,376	$2,547,044	$148,390
2018	$9,964,251	$10,261,454	$2,485,369	$-297,203

TOLSTOY FOUNDATION NURSING HOME INC