FOUNDATION FOR LONG TERM CARE INC

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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

1978

Legal Domicile

Principal Officer

JAMES W CLYNE JR

Phone

5188678867

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR LONG TERM CARE INC, founded in 1978, is a small nonprofit in the Human Services sector that reported $867K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. The organization ran a surplus of $246K, a strong 28% operating margin.

Mission

TO IMPROVE, BY ORGANIZING, CONDUCTING, SPONSORING AND PROMOTING RESEARCH AND EDUCATIONAL PROGRAMMING, THE WAY CARE FOR AN AGING SOCIETY IS DELIVERED.

Program Service Accomplishments

Program 1

Expenses: $20,125 Revenue: $7,512

RESEARCH: NYS DEPARTMENT OF HEALTH EMERGENCY PREPAREDNESS GRANTS: THE ADULT CARE FACILITIES (ACF) GRANT PROVIDES THAT LEADINGAGE NEW YORK WORKS IN CONJUNCTION WITH WORKGROUP PARTNERS AND WITH THE...

RESEARCH: NYS DEPARTMENT OF HEALTH EMERGENCY PREPAREDNESS GRANTS: THE ADULT CARE FACILITIES (ACF) GRANT PROVIDES THAT LEADINGAGE NEW YORK WORKS IN CONJUNCTION WITH WORKGROUP PARTNERS AND WITH THE OFFICE OF HEALTH EMERGENCY PREPAREDNESS (OHEP). LEADINGAGE NEW YORK ATTENDS OHEP ADVISORY COMMITTEE MEETINGS AND LTC ASSOCIATION/HEPC MEETINGS. FACILITATES THE COMMUNICATION OF INFORMATION RELATED TO EMERGENCY PREPAREDNESS INCLUDING, BUT NOT LIMITED TO, INFORMATION ON CMEP, MCM AND IOC DRILLS.

Program 2

Expenses: $562,602 Revenue: $684,839

FLTC EDUCATION: CONDUCTED 3 IN PERSON CONFERENCES WITH 463 ATTENDEES; CONDUCTED 2 VIRTUAL WEBINAR SERIES WITH 187 PARTICIPANTS; CONDUCTED 5 IN-PERSON TRAININGS WITH 121 ATTENDEES; HELD 3 SUMMITS WITH 142 ATTENDEES, AND THE 8TH CLASS OF THE LEADERSHIP ACADEMY CONVENED TWO SESSIONS. TOTAL CREDIT HOURS FOR THE YEAR WERE 306 HOURS.

Program 3

Expenses: $13,326

RESEARCH: NYS DEPARTMENT OF HEALTH EMERGENCY PREPAREDNESS GRANTS: THE LTCA (RHCF) GRANT PROVIDES THAT LEADINGAGE NEW YORK WORKS IN CONJUNCTION WITH WORKGROUP PARTNERS AND WITH THE OFFICE OF HEALTH...

RESEARCH: NYS DEPARTMENT OF HEALTH EMERGENCY PREPAREDNESS GRANTS: THE LTCA (RHCF) GRANT PROVIDES THAT LEADINGAGE NEW YORK WORKS IN CONJUNCTION WITH WORKGROUP PARTNERS AND WITH THE OFFICE OF HEALTH EMERGENCY PREPAREDNESS (OHEP). LEADINGAGE NEW YORK ATTENDS OHEP ADVISORY COMMITTEE MEETINGS AND LTC ASSOCIATION/HEPC MEETINGS. FACILITATES THE COMMUNICATION OF INFORMATION RELATED TO EMERGENCY PREPAREDNESS INCLUDING, BUT NOT LIMITED TO, INFORMATION ON CMEP, MCM AND IOC DRILLS.

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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 $174,951

Program Service Revenue $692,351

Investment Income $0

Other Revenue $0

TOTAL REVENUE $867,302

Expense Breakdown

Grants Paid $0

Salaries & Benefits $185,573

Fundraising Expenses $0

Program Expenses $596,053

Other Expenses $435,448

TOTAL EXPENSES $621,021

Year-over-Year Comparison

	2023	2022	Change
Revenue	$867,302	$660,440	+0.3%
Expenses	$621,021	$683,414	-0.1%
Net Income	$246,281	$-22,974	-11.7%

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

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

$551,708

Total Directors

Key Employees

$206,363

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STUART ALMER	CHAIR	0.50	Officer Director	$0	$0	$0
PAT TURSI	CHAIR-ELECT	0.50	Officer Director	$0	$0	$0
LARRY SLATKY	SECRETARY	0.50	Officer Director	$0	$0	$0
KIMBERLY TOWNSEND	TREASURER	0.50	Officer Director	$0	$0	$0
KAREN ZOBEL	IMMEDIATE PAST CHAIR	0.50	Director	$0	$0	$0
MIKE KING	DIRECTOR	0.50	Director	$0	$0	$0
ROBERT MAYER	DIRECTOR	0.50	Director	$0	$0	$0
DENISE MITCHELL ALPER	EXECUTIVE VICE PRESIDENT	16.00	Officer	$72,372	$20,885	$180,855
JAMES W CLYNE JR	PRESIDENT/CEO	6.00	Officer	$56,909	$30,520	$370,853
KAREN LIPSON	EVP INNOVATION STRATEGY	4.00	Key Emp	$17,521	$29,732	$206,363
DIANE DARBYSHIRE	VP ADVOCACY AND PUBLIC POLICY	4.00	Highest	$11,571	$9,225	$125,434
ELLEN QHINN	VP HUMAN RESOURCES	3.00	Highest	$9,157	$22,323	$138,242

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	$867,302	$621,021	$458,098	$246,281
2022	$660,440	$683,414	$228,827	$-22,974
2021	$1,812,075	$1,753,502	$271,655	$58,573
2020	$2,032,163	$2,029,047	$143,745	$3,116
2019	$1,204,226	$830,026	$188,547	$374,200
2018	$1,178,677	$1,158,252	$122,564	$20,425