AMSTERDAM NURSING HOME CORPORATION… - 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

1995

Legal Domicile

Principal Officer

JAMES DAVIS

Phone

2125753322

Tax Period

2024-01-01 to 2024-12-31

AMSTERDAM NURSING HOME CORPORATION (1992), founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $85.5M in total revenue in fiscal year 2024. The organization ran a surplus of $15.9M, a strong 19% operating margin.

Mission

AMSTERDAM NURSING HOME CORP. (1992) ("AMSTERDAM") IS A 409 BED SKILLED NURSING FACILITY (SNF) AND A 40 REGISTRANT ADULT DAY HEALTH CARE (ADHC) PROVIDING LONG AND SHORT TERM RESIDENTIAL CARE, ASWELL AS DAY CARE, TO PERSONS LIVING IN THE COMMUNITY. AMSTERDAM'S MISSION IS TO PROVIDE THE HIGHEST STANDARD OF HEALTH CARE TO ITS RESIDENTS, PATIENTS AND DAY HEALTH CARE REGISTRANTS. AMSTERDAM IS PROUD TO OFFER INDIVIDUALIZED CARE IN A SETTING THAT SUPPORTS THE QUALITY OF LIFE, DIGNITY AND AUTONOMY OF EACH PERSON WHOM IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $58,851,141 Revenue: $81,112,712

AMSTERDAM NURSING HOME PROVIDES ROOM AND BOARD AND MEDICAL CARE FOR THE ELDERLY. AMSTERDAM HAS A CAPACITY OF 409 SKILLED NURSING FACILITY BEDS ALONG WITH AN ADULT DAY HEALTH CARE PROGRAM WITH A...

AMSTERDAM NURSING HOME PROVIDES ROOM AND BOARD AND MEDICAL CARE FOR THE ELDERLY. AMSTERDAM HAS A CAPACITY OF 409 SKILLED NURSING FACILITY BEDS ALONG WITH AN ADULT DAY HEALTH CARE PROGRAM WITH A CAPACITY OF 40 REGISTRANTS. IN 2024, AMSTERDAM HAD 1,604 ADMISSIONS AND PROVIDED 145,651 DAYS OF PATIENT CARE. AMSTERDAM HAD AN OCCUPANCY RATE OF 97.3 PERCENT IN THE NURSING FACILITY.

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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 $300,958

Program Service Revenue $81,112,712

Investment Income $1,605,617

Other Revenue $2,503,362

TOTAL REVENUE $85,522,649

Expense Breakdown

Grants Paid $1,255,000

Salaries & Benefits $37,912,686

Fundraising Expenses $0

Program Expenses $58,851,141

Other Expenses $30,504,674

TOTAL EXPENSES $69,672,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$85,522,649	$80,637,522	+0.1%
Expenses	$69,672,360	$62,450,020	+0.1%
Net Income	$15,850,289	$18,187,502	-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

592

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

$2,183,352

Total Directors

Key Employees

$685,558

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSEPH C HOOPES JR	CHAIRMAN & TREASURER	1.50	Officer Director	$0	$0	$0
FRANCES R OLIVERI	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
GEORGE L VAN AMSON	VICE CHAIRMAN	0.50	Officer Director	$0	$0	$0
JOSE V TORRES	SECRETARY THRU 1/2/2024	0.10	Officer Director	$0	$0	$0
R SCOTT EDMONDS	SECRETARY	1.00	Officer Director	$0	$0	$0
REVEREND JAMES G CALLAWAY JR	DIRECTOR	0.50	Director	$0	$0	$0
ISABELL M CARDEN	DIRECTOR THRU 7/26/2024	0.25	Director	$0	$0	$0
DR KAREN M HOPKINS	DIRECTOR	0.25	Director	$0	$0	$0
JAY H MCDOWELL	DIRECTOR	0.50	Director	$0	$0	$0
LAGDON VAN NORDEN	DIRECTOR	0.25	Director	$0	$0	$0
JAMES DAVIS	PRESIDENT / CEO	30.00	Officer	$834,535	$9,117	$848,404
MARK PANCIRER	SENIOR VP / CFO	30.00	Officer	$287,403	$10,343	$305,032
MOSHE BLACKSTEIN	ADMINISTRATOR	75.00	Officer	$628,806	$19,809	$648,615
PAMELA LANDMAN	SENIOR VP / GENERAL COUNSEL	25.29	Officer	$270,933	$42,119	$381,301
LORNA POON	DIRECTOR OF FINANCE	46.00	Key Emp	$211,125	$13,412	$224,537
RAUL CATACUTAN	DIRECTOR OF NURSING	55.00	Key Emp	$216,806	$18,593	$235,399
ARGHAVAN SADEGHIZANGENEH	MEDICAL DIRECTOR	35.00	Key Emp	$212,785	$12,837	$225,622
STEPHAN LANSEY	PHYSICIAN	35.00	Highest	$345,028	$8,801	$353,829
JOERALIN LIM	NURSE	65.00	Highest	$264,334	$43,918	$308,252
ALMA BONITA LAMBUJON	NURSE	55.00	Highest	$233,151	$8,707	$241,858
CHERRYLLENE GUMPAY	NURSE	55.00	Highest	$204,980	$39,082	$244,062
AVRAHAM REIFMAN	ASSOCIATE ADMINISTRATOR	37.00	Highest	$197,462	$22,786	$220,248

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	$85,522,649	$69,672,360	$88,598,895	$15,850,289
2023	$80,637,522	$62,450,020	$76,318,268	$18,187,502
2022	$67,166,381	$63,504,102	$74,531,404	$3,662,279
2021	$65,318,560	$63,054,580	$69,684,595	$2,263,980
2020	$57,802,177	$59,801,970	$58,569,678	$-1,999,793
2019	$67,656,403	$67,421,077	$62,016,883	$235,326
2018	$66,400,619	$65,558,054	$58,252,072	$842,565

AMSTERDAM NURSING HOME CORPORATION (1992)