MARGARET TIETZ NURSING AND REHABIL… - 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

1967

Legal Domicile

Principal Officer

TARA BUONOCORE-RUT

Phone

7185194238

Tax Period

2024-01-01 to 2024-12-31

MARGARET TIETZ NURSING AND REHABILITATION CENTER, founded in 1967, is a micro nonprofit in the Health Care sector that reported $2K in total revenue in fiscal year 2024. Revenue surged 65% from the prior year, signaling strong growth momentum. Expenses of $4K exceeded revenue, resulting in a 99% operating deficit.

Mission

MARGARET TIETZ NURSING AND REHABILITATION CENTER (MARGARET TIETZ) OPERATED A 200 BED SKILLED NURSING FACILITY WHICH SERVED THE DIVERSE POPULATION IN WHICH IT OPERATED. IT OFFERED THE HIGHEST QUALITY OF SERVICES AND HAD WORKED TO FULFILL ITS MISSION OF CARING FOR THE CHRONICALLY ILL AND DISABLED IN THE COMMUNITY.

Program Service Accomplishments

Program 1

A 200 BED SKILLED NURSING FACILITY THAT PROVIDED CARE FOR THE CHRONICALLY ILL AND DISABLED IN THE COMMUNITY. THE SKILLED NURSING FACILITY'S SERVICES INCLUDED LONG-TERM MEDICAL CARE AND...

A 200 BED SKILLED NURSING FACILITY THAT PROVIDED CARE FOR THE CHRONICALLY ILL AND DISABLED IN THE COMMUNITY. THE SKILLED NURSING FACILITY'S SERVICES INCLUDED LONG-TERM MEDICAL CARE AND REHABILITATION, POSTACUTE CARE SERVICES FOR TRANSITIONING FROM HOSPITAL TO HOME, AND A PARTICULAR FOCUS ON STROKE REHABILITATION AND ON CARING FOR MEN AND WOMEN STRUGGLING AGAINST THE EFFECTS OF ALZHEIMER'S DISEASE, DEMENTIA, AND OTHER DISABLING CONDITIONS OF AGING. THE CENTER CEASED OPERATIONS ON FEBRUARY 1, 2019 AFTER THE SALE OF ITS PROPERTY AND OPERATIONS. IT IS IN THE PROCESS DISSOLVING THE ORGANIZATION.

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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 $0

Program Service Revenue $0

Investment Income $2,241

Other Revenue $0

TOTAL REVENUE $2,241

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $4,465

TOTAL EXPENSES $4,465

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,241	$1,357	+0.7%
Expenses	$4,465	$1,301	+2.4%
Net Income	$-2,224	$56	-40.7%

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

$3,517,561

Total Directors

Key Employees

$884,945

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, THRU NOV. 2024	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
PALLAV RAGHUVANSHI	TRUSTEE	0.25	Director	$0	$0	$0
FRED SGANGA	TRUSTEE	0.25	Director	$0	$0	$0
TARA BUONOCORE-RUT	PRESIDENT/CEO	0.25	Officer	$0	$220,562	$1,983,728
SHAUN RUSKIN	EXEC. VP, CSO THRU JUNE 2024	0.25	Officer	$0	$9,001	$612,162
LENY TIRTASAPUTRA	CFO	0.25	Officer	$0	$120,695	$921,671
DAVID SILVA MOJICA	CHIEF HR OFFICER	0.25	Key Emp	$0	$54,798	$493,894
ALICIA NELSON-JONES	CHIEF COMPLIANCE OFFICER	0.25	Key Emp	$0	$55,318	$391,051
JEANNIE DOHERTY-BENCKWIT	VP OF BUSINESS DEVELOPMENT	0.25	Highest	$0	$14,151	$384,446
EMINA TABAKOVIC	VP OF OPERATIONS	0.25	Highest	$0	$57,554	$384,382
JUSTIN WALTER	VP OF PERFORMANCE IMPROVEMENT	0.25	Highest	$0	$53,359	$380,818
GILDA ST FLEUR	VP OF QUALITY	0.25	Highest	$0	$43,301	$374,693
ALIONA COCHIORVA VP OF	STRATEGIC INITIATIVES THRU DEC 2024	0.25	Highest	$0	$46,089	$331,290

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	$2,241	$4,465	$2,896,691	$-2,224
2023	$1,357	$1,301	$2,583,112	$56
2022	$140	$15,144	$2,272,621	$-15,004
2021	$90	$9,254	$3,192,792	$-9,164
2020	No data	$258,183	$2,425,342	No data
2019	$23,833,656	$3,051,871	$4,753,962	$20,781,785
2018	$31,459,450	$30,855,141	$29,128,133	$604,309

MARGARET TIETZ NURSING AND REHABILITATION CENTER