FERNCLIFF NURSING HOME COMPANY INC (EIN 141514053) - 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

1968

Legal Domicile

Principal Officer

SCOTT P LA RUE

Phone

6466334700

Tax Period

2023-01-01 to 2023-12-31

FERNCLIFF NURSING HOME COMPANY INC, founded in 1968, is a mid-sized nonprofit in the Health Care sector that reported $39.8M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion.

Mission

SERVING OUR RESIDENTS IN DUTCHESS COUNTY, ARCHCARE AT FERNCLIFF IS A 328-BED SKILLED NURSING AND REHABILITATION CENTER AND 25-REGISTRANT ADULT DAY HEALTH CARE PROGRAM. WE PROVIDE AN EXPERT TEAM OF PHYSICAL, OCCUPATIONAL AND SPEECH THERAPISTS WHO DEVELOP A CUSTOMIZED PLAN TO RESTORE YOU TO YOUR HIGHEST LEVEL OF ABILITIES. OUR STAFF ARE ALL LICENSED PROFESSIONALS WITH OVER 100 YEARS COMBINED EXPERIENCE IN STROKE REHABILITATION, MUSCLE RE-EDUCATION TECHNIQUES, BIOFEEDBACK, WOUND CARE AND WHEELCHAIR ASSISTED TECHNOLOGIES.

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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 $2,915,418

Program Service Revenue $36,826,629

Investment Income $67,598

Other Revenue $18,951

TOTAL REVENUE $39,828,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $21,765,059

Fundraising Expenses $0

Program Expenses $34,898,559

Other Expenses $20,885,341

TOTAL EXPENSES $42,650,400

Year-over-Year Comparison

	2023	2022	Change
Revenue	$39,828,596	$36,023,120	+0.1%
Expenses	$42,650,400	$39,499,487	+0.1%
Net Income	$-2,821,804	$-3,476,367	-0.2%

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

462

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

$375,358

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
FRANCIS J SERBAROLI	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 J DEYO	ADMINISTRATOR	37.50	Key Emp	$310,374	$64,984	$375,358
ELORENE WHITE	RN	37.50	Highest	$177,951	$32,830	$210,781
DENISE M SIMMONS	CNA	37.50	Highest	$172,371	$39,485	$211,856
CHRISTINE CASTELLANO	NURSING SUPERVISOR	37.50	Highest	$171,683	$39,312	$210,995
KRISTIN N MARTINO	RN	37.50	Highest	$171,579	$31,655	$203,234
DENISE BURPO	CNA	37.50	Highest	$166,310	$38,096	$204,406

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	$39,828,596	$42,650,400	$31,503,324	$-2,821,804
2022	$36,023,120	$39,499,487	$29,261,930	$-3,476,367
2021	$38,117,632	$37,386,619	$23,442,589	$731,013
2020	$39,480,951	$40,095,643	$22,283,430	$-614,692
2019	$37,889,413	$39,215,101	$21,500,648	$-1,325,688
2018	$38,804,381	$38,352,373	$21,328,301	$452,008

FERNCLIFF NURSING HOME COMPANY INC