MARY MANNING WALSH NURSING HOME CO INC (EIN 136220617) - 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

1967

Legal Domicile

Principal Officer

SCOTT P LA RUE

Phone

6466334700

Tax Period

2023-01-01 to 2023-12-31

MARY MANNING WALSH NURSING HOME CO INC, founded in 1967, is a mid-sized nonprofit in the Health Care sector that reported $73.8M in total revenue in fiscal year 2023.

Mission

ARCHCARE AT MARY MANNING WALSH IS A 362-BED SKILLED NURSING AND REHABILITATION CENTER SERVING THE UPPER EAST SIDE NEIGHBORHOOD OF MANHATTAN.SKILLED NURSING IS AVAILABLE TO ALL RESIDENTS ACCORDING TO THEIR NEEDS. THERE IS A NURSING STATION NEAR THE MIDDLE OF EACH FLOOR AND A GERIATRIC ATTENDANT THAT IS ASSIGNED TO HELP RESIDENTS.THE BUILDING'S MANY PUBLIC SPACES, INCLUDING AN OUTDOOR TERRACE ON THE 7TH FLOOR, HOST ACTIVITIES TO MEET INDIVIDUAL NEEDS AND PROVIDE OPPORTUNITIES FOR SOCIALIZATION. WHILE THE CONCOURSE LEVEL COFFEE SHOP IS A FAVORITE MEETING PLACE FOR FAMILY AND FRIENDS, MANY RESIDENTS ARE MOST FOND OF THE WALSH HOME'S EMERALD LOUNGE WHERE MANY GATHER FOR COCKTAILS AND COMPANIONSHIP EACH EVENING. EVENTS CALENDARS ARE POSTED AT NURSES' STATIONS, IN ELEVATORS AND IN THE MAIN DINING ROOM. WITH THE HELP OF AN ACTIVE FAMILY CIRCLE AND A STRONG VOLUNTEER PROGRAM, THE WALSH HOME IS ABLE TO OFFER ITS RESIDENTS HIGHLY SATISFYING ACTIVITIES TO FILL THEIR DAYS.

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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 $2,388,647

Program Service Revenue $70,615,443

Investment Income $678,273

Other Revenue $125,127

TOTAL REVENUE $73,807,490

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,734,734

Fundraising Expenses $0

Program Expenses $63,045,179

Other Expenses $38,968,469

TOTAL EXPENSES $73,703,203

Year-over-Year Comparison

	2023	2022	Change
Revenue	$73,807,490	$70,634,493	+0.0%
Expenses	$73,703,203	$68,845,793	+0.1%
Net Income	$104,287	$1,788,700	-0.9%

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

530

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

$3,455,678

Total Directors

Key Employees

$439,463

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 NOV. 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
MICHAEL T MONAHAN	ADMINISTRATOR	35.00	Key Emp	$334,198	$105,265	$439,463
MARJORIE P PREGENT	CHIEF CLINICAL OFFICER	35.00	Highest	$226,038	$11,400	$237,438
LINDEN MORRIS	DIRECTOR OF PLANT OPERATIONS	35.00	Highest	$306,403	$36,464	$342,867
SAMUEL C WEL	RN	35.00	Highest	$186,514	$73,300	$259,814
HELEN P VERCELES	CHIEF NURSING OFFICER	35.00	Highest	$263,041	$49,468	$312,509
MARISSA S NAPENAS-SANTOS	DIRECTOR OF CASE MANAGEMENT	35.00	Highest	$174,119	$13,517	$187,636

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	$73,807,490	$73,703,203	$74,537,594	$104,287
2022	$70,634,493	$68,845,793	$72,101,879	$1,788,700
2021	$69,028,602	$63,618,521	$75,917,101	$5,410,081
2020	$63,645,399	$63,481,860	$72,819,818	$163,539
2019	$66,541,449	$64,667,006	$67,894,930	$1,874,443
2018	$69,496,664	$65,865,242	$66,050,066	$3,631,422

MARY MANNING WALSH NURSING HOME CO INC