ST JOSEPH'S HOSPITAL NURSING HOME … - 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

1972

Legal Domicile

Principal Officer

MICHAEL J SPICER

Phone

9143787000

Tax Period

2021-01-01 to 2021-12-31

Mission

THE MISSION OF THE ORGANIZATION IS TO OPERATE A NURSING HOME AND TO PROVIDE NURSING HOME CARE FOR SICK, INVALID, INFIRM, DISABLED OR CONVALESCENT PERSONS OF LOW INCOME.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE NURSING HOME AND ITS OPERATIONS WERE SOLD EFFECTIVE MARCH 8, 2018. ALL EMPLOYEES OF THE NURSING HOME HAD THEIR EMPLOYMENT TRANSFERRED AS PART OF THE SALES CONTRACT WITH THE NEW OWNERS. THE...

THE NURSING HOME AND ITS OPERATIONS WERE SOLD EFFECTIVE MARCH 8, 2018. ALL EMPLOYEES OF THE NURSING HOME HAD THEIR EMPLOYMENT TRANSFERRED AS PART OF THE SALES CONTRACT WITH THE NEW OWNERS. THE ORGANIZATION IS WRAPPING UP ANY REMAINING TRANSACTIONS RELATED TO THE SALE.

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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 (2021)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $-54,114

TOTAL EXPENSES $-54,114

Year-over-Year Comparison

	2021	2020	Change
Revenue	N/A	N/A	N/A
Expenses	$-54,114	$208,866	-1.3%
Net Income	N/A	$-208,866	N/A

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

N/A

Independent Members

N/A

Employees

N/A

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

$1,849,560

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL J SPICER	PRESIDENT & CEO	0.00	Officer	$0	$226,075	$1,361,288
FRANK HAGAN	SENIOR VP OF FINANCE/CFO	0.00	Officer	$0	$31,793	$488,272

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
2021	No data	$-54,114	$736,124	No data
2020	No data	$208,866	$749,629	No data
2019	$137,664	No data	$764,677	No data
2018	$5,188,878	$2,566,470	$706,251	$2,622,408

ST JOSEPH'S HOSPITAL NURSING HOME OF YONKERS NY INC