MORNINGSIDE RETIREMENT AND HEALTH … - 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

1966

Legal Domicile

Principal Officer

RONALD BRUNO

Phone

2126664000

Tax Period

2023-01-01 to 2023-12-31

MORNINGSIDE RETIREMENT AND HEALTH SERVICES INC, founded in 1966, is a small nonprofit in the Human Services sector that reported $922K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $1.1M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE PRUPOSE OF THE ORGANIZATION IS TO PROVIDE SERVICES TO FRAIL AND AT-RISK ELDERLY RESIDENTS TO ENABLE THEM TO REMAIN COMFORTABLY IN THEIR OWN HOMES FOR AS LONG AS POSSIBLE. MRHS ALSO OFFERS A VARIETY OF SOCIAL, EDUCATIONAL AND RECREATIONAL PROGRAMS FOR OLDER ADULTS.

Program Service Accomplishments

Program 1

Expenses: $825,772 Revenue: $60,611

MORNINGSIDE RETIREMENT AND HEALTH SERVICES (MRHS) IS A NORC (NATURALLY OCCURRING RETIREMENT COMMUNITY) PROGRAM THAT ENABLES OLDER ADULTS TO REMAIN LIVING SAFELY AND COMFORTABLY IN THEIR OWN HOMES AND COMMUNITY. MRHS ACCOMPLISHES THIS BY PROVIDING A RANGE OF SOCIAL SERVICES AND HEALTHCARE SERVICES ON SITE, AS WELL AS A RANGE OF HEALTH PROMOTION ACTIVITIES. MRHS SERVES MORE THAN 300 RESIDENTS EACH YEAR WITH AN ON-SITE STAFF CONSISTING OF SOCIAL WORKERS, A NURSE, A PART-TIME HOME HEALTH AIDE, A VOLUNTEER COORDINATOR, AN OFFICE MANAGER AND MORE THAN 100 VOLUNTEERS, MOST OF WHOM ARE OLDER ADULTS THEMSELVES. THE PROFESSIONAL STAFF PROVIDES AN ARRAY OF HEALTH CARE AND SOCIAL WORK SERVICES, WHICH INCLUDE CASE MANAGEMENT, NURSING CARE, MEDICAL AND BEHAVIORAL HEALTH CONSULTATIONS, BENEFITS COUNSELING, HOME EVALUATIONS, HOME CARE AND HOSPITAL DISCHARGE PLANNING, AND LIAISON WITH FAMILIES, LAWYERS, PHYSICIANS, AND FINANCIAL PLANNERS. IN ADDITION, EDUCATIONAL, RECREATIONAL, AND SOCIAL ACTIVITIES ARE OFFERED - MANY OF THEM PLANNED AND LED BY OLDER ADULT VOLUNTEERS. PROGRAMS INCLUDE AN ARRAY OF EXERCISE PROGRAMS, WRITING AND ARTS CLASSES, BOOK AND CURRENT EVENT DISCUSSION GROUPS, FILMS AND VIDEOS, INTERGENERATIONAL PROGRAMS, GUEST SPEAKERS, SPECIAL EVENTS AND SPECIAL PROGRAMMING FOR PEOPLE WITH MEMORY CHALLENGES.

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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 $812,281

Program Service Revenue $9,930

Investment Income $56,793

Other Revenue $43,346

TOTAL REVENUE $922,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $537,283

Fundraising Expenses $68,443

Program Expenses $825,772

Other Expenses $539,425

TOTAL EXPENSES $1,076,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$922,350	$747,060	+0.2%
Expenses	$1,076,708	$905,900	+0.2%
Net Income	$-154,358	$-158,840	0.0%

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

Volunteers

133

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

$124,726

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TONIA PAPKE WATERBURY	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
MOLLY SWEENY	BOARD MEMBER	2.00	Director	$0	$0	$0
DANIEL PEKARSKY	BOARD MEMBER	2.00	Director	$0	$0	$0
MELINDA MOORE	BOARD MEMBER	2.00	Director	$0	$0	$0
JOAN LEVINE	BOARD MEMBER	2.00	Director	$0	$0	$0
CARL JONES	BOARD MEMBER	2.00	Director	$0	$0	$0
MARGARET JOHNSON	SECRETARY	2.00	Officer Director	$0	$0	$0
ROBERT HILL	PRESIDENT/FORMER TREASURER	2.00	Officer Director	$0	$0	$0
JEFF EDELSON	BOARD MEMBER	2.00	Director	$0	$0	$0
DAVID DEWEY	BOARD MEMBER	2.00	Director	$0	$0	$0
B CHANDRASEKARAN	TREASURER	2.00	Officer Director	$0	$0	$0
NORA ARMANI	FORMER BOARD MEMBER	2.00	Director	$0	$0	$0
MICHELE PELLAR	FORMER BOARD MEMBER	2.00	Director	$0	$0	$0
ALICE LILLY	FORMER BOARD MEMBER	2.00	Director	$0	$0	$0
HARRIET CHAN KING	FORMER BOARD MEMBER	2.00	Director	$0	$0	$0
MICHAEL DAVIDSON	FORMER PRESIDENT	10.00	Officer Director	$0	$0	$0
RON BRUNO	EXECUTIVE DIRECTOR	40.00	Officer	$124,726	$0	$124,726

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	$922,350	$1,076,708	$3,264,640	$-154,358
2022	$747,060	$905,900	$3,282,589	$-158,840
2021	$986,609	$804,846	$3,334,863	$181,763
2020	$1,337,195	$690,841	$3,229,247	$646,354
2019	$747,148	$736,874	$2,510,143	$10,274
2018	$561,527	$747,550	$2,512,432	$-186,023

MORNINGSIDE RETIREMENT AND HEALTH SERVICES INC