CENTERLIGHT HEALTHCARE INC (EIN 133600807) - 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

TARA BUONOCORE-RUT

Phone

7185194238

Tax Period

2023-01-01 to 2023-12-31

CENTERLIGHT HEALTHCARE INC, founded in 1990, is a major nonprofit in the Health Care sector that reported $646.6M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $600.2M left a modest 7% surplus.

Mission

TO MANAGE AND ARRANGE FOR MEDICAL, SOCIAL, AND LONG-TERM SERVICES TO THE ELDERLY.

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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 $11,741,781

Program Service Revenue $631,737,043

Investment Income $3,111,055

Other Revenue $435

TOTAL REVENUE $646,590,314

Expense Breakdown

Grants Paid $0

Salaries & Benefits $81,805,877

Fundraising Expenses $0

Program Expenses $553,769,066

Other Expenses $518,422,849

TOTAL EXPENSES $600,228,726

Year-over-Year Comparison

	2023	2022	Change
Revenue	$646,590,314	$465,611,612	+0.4%
Expenses	$600,228,726	$449,642,582	+0.3%
Net Income	$46,361,588	$15,969,030	+1.9%

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

467

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

$3,205,826

Total Directors

Key Employees

$1,247,989

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHAEL R POTACK	CHAIRMAN	0.50	Officer Director	$0	$0	$0
HARVEY ISHOFSKY	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
MYRON SCHLANGER	SECRETARY	0.50	Officer Director	$0	$0	$0
KENNETH ZUCKERBROT	ASST SEC/TREASURER	0.50	Officer Director	$0	$0	$0
MARK WEINSTEIN	TREASURER THRU OCT 2023	0.50	Officer Director	$0	$0	$0
RUSSELL D FISHER	TRUSTEE	0.50	Director	$0	$0	$0
NEIL HEYMAN	TRUSTEE	0.50	Director	$0	$0	$0
STEPHEN KANTOR DDS	TRUSTEE	0.50	Director	$0	$0	$0
HOWARD KRAIN	TRUSTEE	0.50	Director	$0	$0	$0
SHAUN RUSKIN	EXEC. VP, CSO THRU JUNE 2023	24.00	Officer	$641,838	$4,917	$1,074,647
TARA BUONOCORE-RUT	PRESIDENT/CEO	24.00	Officer	$911,749	$47,155	$1,566,737
LENY TIRTASAPUTRA	CFO	24.00	Officer	$314,105	$40,933	$564,442
DAVID SILVA MOJICA	CHIEF HR OFFICER	24.00	Key Emp	$247,525	$18,900	$431,442
ALICIA NELSON-JONES	CHIEF COMPLIANCE OFFICER	24.00	Key Emp	$199,057	$28,132	$359,895
ZIAD FARAH	CHIEF MEDICAL OFFICER	40.00	Key Emp	$419,350	$37,302	$456,652
JUSTIN WALTER	VP OF PERFORMANCE IMPROVEMENT	24.00	Highest	$180,077	$35,533	$335,661
HEATHER OGANDO	VP OF CLINICAL PROGRAMS	40.00	Highest	$397,459	$1,269	$398,728
JEANNIE DOHERTY-BENCKWIT	VP OF BUSINESS DEVELOPMENT	24.00	Highest	$197,070	$12,639	$341,089
GILDA ST FLEUR	VP OF QUALITY	24.00	Highest	$182,181	$30,976	$334,611
PATRICIA CONNELLY	SVP OF CLINICAL SERVICES	40.00	Highest	$268,665	$30,786	$299,451

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	$646,590,314	$600,228,726	$205,902,796	$46,361,588
2022	$465,611,612	$449,642,582	$120,028,100	$15,969,030
2021	$284,939,095	$312,518,492	$62,373,058	$-27,579,397
2020	$311,787,242	$327,996,113	$76,601,947	$-16,208,871
2019	$335,121,890	$376,629,691	$97,909,506	$-41,507,801
2018	$335,995,568	$347,325,283	$95,757,808	$-11,329,715

CENTERLIGHT HEALTHCARE INC