TERENCE CARDINAL COOKE HEALTH CARE… - 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

1979

Legal Domicile

Principal Officer

SCOTT P LA RUE

Phone

6466334700

Tax Period

2023-01-01 to 2023-12-31

TERENCE CARDINAL COOKE HEALTH CARE CENTER, founded in 1979, is a major nonprofit in the Health Care sector that reported $111.5M in total revenue in fiscal year 2023.

Mission

THE NURSING HOME IS DEVOTED TO CARING FOR THE SICK AND DISABLED WITH COMPASSION IN THE TRADITION OF CATHOLIC HEALTH CARE. IT SEEKS TO DELIVER HIGH QUALITY CARE, TO TREAT ALL PATIENTS WITH DIGNITY, AND TO PROVIDE A CARING ENVIRONMENT FOR PATIENTS AT THE NURSING HOME. AS A PARTICIPATING MEMBER OF THE CATHOLIC HEALTH CARE SYSTEM, THE NURSING HOME IS ALSO COMMITTED TO FURTHERING THE SYSTEM'S ABILITY TO PROMOTE HIGH QUALITY CARE, TO ENHANCE ITS SERVICES, AND TO OPERATE EFFECTIVELY AS A HEALTH CARE SYSTEM.

Program Service Accomplishments

Program 1

Expenses: $77,774,628 Revenue: $59,129,999

IN 2023 THE FACILITY PROVIDED 138,170 DAYS OF SKILLED NURSING CARE TO 1,295 PATIENTS. THE SERVICES AT TCC INCLUDE: 24 HOUR SKILLED NURSING SERVICES; SHORT TERM REHABILITATION SERVICES INCLUDING...

IN 2023 THE FACILITY PROVIDED 138,170 DAYS OF SKILLED NURSING CARE TO 1,295 PATIENTS. THE SERVICES AT TCC INCLUDE: 24 HOUR SKILLED NURSING SERVICES; SHORT TERM REHABILITATION SERVICES INCLUDING SPEECH, PHYSICAL, AND OCCUPATIONAL THERAPY; CLINICAL AND PHYSICIAN SERVICES INCLUDING CONSULTING PHYSICIANS FOR DENTAL, OPTHALMOLOGY, AND PODIATRY; LABORATORY SERVICES; RELIGIOUS SERVICES; RECREATION THERAPY; RADIOLOGY SERVICES; NUTRITION SERVICES; IV THERAPY; PAIN MANAGEMENT AND HOSPICE CARE.

Program 2

Expenses: $8,953,923 Revenue: $19,410,131

IN 2023 THE FACILITY PROVIDED 20,733 DAYS OF MEDICAL CARE TO 67 DISABLED CHILDREN. THE SERVICES AT TCC INCLUDE: 24 HOUR SKILLED NURSING SERVICES; SHORT TERM REHABILITATION SERVICES INCLUDING SPEECH, PHYSICAL, AND OCCUPATIONAL THERAPY; CLINICAL AND PHYSICIAN SERVICES INCLUDING CONSULTING PHYSICIANS FOR DENTAL, OPTHALMOLOGY, AND PODIATRY; LABORATORY SERVICES; RELIGIOUS SERVICES; RECREATION THERAPY; RADIOLOGY SERVICES; NUTRITION SERVICES; IV THERAPY; PAIN MANAGEMENT AND HOSPICE CARE.

Program 3

Expenses: $7,767,371 Revenue: $18,571,095

IN 2023 THE FACILITY PROVIDED 36,203 DAYS OF SKILLED NURSING CARE FOR 352 INDIVIDUALS WITH AIDS. THE SERVICES AT TCC INCLUDE: 24 HOUR SKILLED NURSING SERVICES; SHORT TERM REHABILITATION SERVICES...

IN 2023 THE FACILITY PROVIDED 36,203 DAYS OF SKILLED NURSING CARE FOR 352 INDIVIDUALS WITH AIDS. THE SERVICES AT TCC INCLUDE: 24 HOUR SKILLED NURSING SERVICES; SHORT TERM REHABILITATION SERVICES INCLUDING SPEECH, PHYSICAL, AND OCCUPATIONAL THERAPY; CLINICAL AND PHYSICIAN SERVICES INCLUDING CONSULTING PHYSICIANS FOR DENTAL, OPTHALMOLOGY, AND PODIATRY; LABORATORY SERVICES; RELIGIOUS SERVICES; RECREATION THERAPY; RADIOLOGY SERVICES; NUTRITION SERVICES; IV THERAPY; PAIN MANAGEMENT AND HOSPICE CARE.

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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 $4,599,370

Program Service Revenue $105,075,499

Investment Income $112,508

Other Revenue $1,759,708

TOTAL REVENUE $111,547,085

Expense Breakdown

Grants Paid $0

Salaries & Benefits $56,156,862

Fundraising Expenses $152,180

Program Expenses $97,996,827

Other Expenses $59,062,413

TOTAL EXPENSES $115,219,275

Year-over-Year Comparison

	2023	2022	Change
Revenue	$111,547,085	$106,117,067	+0.1%
Expenses	$115,219,275	$110,092,743	+0.0%
Net Income	$-3,672,190	$-3,975,676	-0.1%

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

738

Volunteers

142

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

$3,455,678

Total Directors

Key Employees

$496,274

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS J SERBAROLI ESQ	CHAIRMAN	0.10	Officer Director	$0	$0	$0
THOMAS M O'BRIEN	VICE-CHAIR	0.10	Officer Director	$0	$0	$0
DR TARA A CORTES	SECRETARY	0.10	Officer Director	$0	$0	$0
THOMAS E ALBERTO	BOARD MEMBER	0.10	Director	$0	$0	$0
STEVE BUJNO	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN CAHILL	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN T DUNLAP	BOARD MEMBER	0.10	Director	$0	$0	$0
MSGR CHARLES J FAHEY	BOARD MEMBER, THRU NOVEMBER 2023	0.10	Director	$0	$0	$0
THOMAS J FAHEY JR MD	BOARD MEMBER	0.10	Director	$0	$0	$0
ERIC P FELDMANN	BOARD MEMBER	0.10	Director	$0	$0	$0
SISTER SELINE FLORES	BOARD MEMBER	0.10	Director	$0	$0	$0
JOHN GLEASON	BOARD MEMBER	0.10	Director	$0	$0	$0
KAREN GRAY	BOARD MEMBER	0.10	Director	$0	$0	$0
CLARION E JOHNSON MD	BOARD MEMBER	0.10	Director	$0	$0	$0
RORY KELLEHER	BOARD MEMBER	0.10	Director	$0	$0	$0
REV MSGR JOSEPH LAMORTE	BOARD MEMBER	0.10	Director	$0	$0	$0
RICHARD PARK MD	BOARD MEMBER	0.10	Director	$0	$0	$0
KATHRYN ROONEY	BOARD MEMBER	0.10	Director	$0	$0	$0
JOSEPH SAPORITO	BOARD MEMBER	0.10	Director	$0	$0	$0
GT SWEENEY	BOARD MEMBER	0.10	Director	$0	$0	$0
GENNARO VASILE PDD	BOARD MEMBER	0.10	Director	$0	$0	$0
BISHOP GERALD WALSH	BOARD MEMBER	0.10	Director	$0	$0	$0
SCOTT P LA RUE	PRESIDENT/CEO	0.10	Officer	$0	$412,658	$2,053,206
ANNMARIE COVONE	EXECUTIVE VP/CFO	0.10	Officer	$0	$309,335	$1,402,472
ROSALIE A BERNARD	EXECUTIVE DIRECTOR	35.00	Key Emp	$401,887	$94,387	$496,274
MOHAMMAD H CHHIPA	PHYSICIAN	35.00	Highest	$445,029	$49,081	$494,110
VICKI DEUTSCH MD	DIR OF MEDICAL ADMINISTRATION	35.00	Highest	$323,943	$24,723	$348,666
JOSEPH WINIK	PHYSICIAN	37.50	Highest	$324,843	$35,394	$360,237
ANTHONY LECHICH MD	SENIOR VP OF MEDICINE	0.50	Highest	$291,133	$36,123	$327,256
MARIE B ROSENTHAL	ADMINSTRATOR	35.00	Highest	$279,081	$73,467	$352,548

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	$111,547,085	$115,219,275	$116,361,210	$-3,672,190
2022	$106,117,067	$110,092,743	$106,780,181	$-3,975,676
2021	$110,033,189	$108,250,785	$89,661,206	$1,782,404
2020	$105,663,593	$106,932,178	$74,672,028	$-1,268,585
2019	$104,029,449	$101,519,692	$76,246,259	$2,509,757
2018	$106,111,647	$103,092,462	$63,189,863	$3,019,185

TERENCE CARDINAL COOKE HEALTH CARE CENTER