KATERI RESIDENCE

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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

1981

Legal Domicile

Principal Officer

SCOTT P LA RUE

Phone

6466334700

Tax Period

2019-01-01 to 2019-12-31

KATERI RESIDENCE, founded in 1981, is a community nonprofit that reported $3.6M in total revenue in fiscal year 2019. The organization ran a surplus of $3.3M, a strong 93% operating margin.

Mission

THE NURSING HOME IS DEVOTED TO CARING FOR THE SICK AND DISABLED WITH COMPASSION IN THE TRADITION OF CATHOLIC HEALTH CARE. IN 2013, THE NURSING HOME WAS SOLD AND IS IN THE PROCESS OF BEING DISSOLVED.

Program Service Accomplishments

Program 1

Expenses: $236,078 Revenue: $3,545,744

THE NURSING HOME IS DEVOTED TO CARING FOR THE SICK AND DISABLED WITH COMPASSION IN THE TRADITION OF CATHOLIC HEALTH CARE. IN 2013, THE NURSING HOME WAS SOLD AND IS IN THE PROCESS OF BEING DISSOLVED.

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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 (2019)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,545,744

Investment Income $19,890

Other Revenue $0

TOTAL REVENUE $3,565,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,468

Fundraising Expenses $0

Program Expenses $236,078

Other Expenses $243,211

TOTAL EXPENSES $266,679

Year-over-Year Comparison

	2019	2018	Change
Revenue	$3,565,634	$3,535,266	+0.0%
Expenses	$266,679	$1,117,933	-0.8%
Net Income	$3,298,955	$2,417,333	+0.4%

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

N/A

Volunteers

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

$2,595,043

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT P LA RUE	PRESIDENT/CEO	0.10	Officer	$0	$338,444	$1,584,565
ANNMARIE COVONE	EXECUTIVE VP/CFO	0.10	Officer	$0	$193,457	$1,010,478
FRANCIS J SERBAROLIESQ	CHAIRMAN	0.10	Officer Director	$0	$0	$0
THOMAS M O'BRIEN	VICE-CHAIR	0.10	Officer Director	$0	$0	$0
TARA A CORTES	SECRETARY	0.10	Officer Director	$0	$0	$0
JOHN T DUNLAP	BOARD MEMBER	0.10	Director	$0	$0	$0
MSGR CHARLES J FAHEY	BOARD MEMBER	0.10	Director	$0	$0	$0
THOMAS J FAHEY JR MD	BOARD MEMBER	0.10	Director	$0	$0	$0
GT SWEENEY	BOARD MEMBER	0.10	Director	$0	$0	$0
ERIC P FELDMANN	BOARD MEMBER	0.10	Director	$0	$0	$0
KATHRYN ROONEY	BOARD MEMBER	0.10	Director	$0	$0	$0
THOMAS E ALBERTO	BOARD MEMBER	0.10	Director	$0	$0	$0
BISHOP GERALD WALSH	BOARD MEMBER	0.10	Director	$0	$0	$0
JEFFREY HODGMAN	BOARD MEMBER	0.10	Director	$0	$0	$0
CLARION JOHNSON	BOARD MEMBER	0.10	Director	$0	$0	$0
RORY KELLEHER	BOARD MEMBER	0.10	Director	$0	$0	$0
GENNARO VASILE	BOARD MEMBER	0.10	Director	$0	$0	$0
KAREN GRAY	BOARD MEMBER	0.10	Director	$0	$0	$0
GEORGE IRISH	BOARD MEMBER	0.10	Director	$0	$0	$0
REV MSGR JOSEPH LAMORTE	BOARD MEMBER	0.10	Director	$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
2019	$3,565,634	$266,679	$400	$3,298,955
2018	$3,535,266	$1,117,933	$5,838,706	$2,417,333