CAPITAL REGION GERIATRIC CENTER INC (EIN 141701597) - 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

1989

Legal Domicile

Principal Officer

MICHELLE MAZZACCO

Phone

5182375630

Tax Period

2023-01-01 to 2023-12-31

CAPITAL REGION GERIATRIC CENTER INC, founded in 1989, is a mid-sized nonprofit that reported $22.9M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $25.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO PROVIDE LONG-TERM CARE

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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 $6,281

Program Service Revenue $22,159,591

Investment Income $695,528

Other Revenue $32,186

TOTAL REVENUE $22,893,586

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,599,066

Fundraising Expenses $0

Program Expenses $24,908,101

Other Expenses $10,217,064

TOTAL EXPENSES $25,816,130

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,893,586	$21,075,833	+0.1%
Expenses	$25,816,130	$23,678,767	+0.1%
Net Income	$-2,922,544	$-2,602,934	+0.1%

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

357

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

$3,634,826

Total Directors

$3,763,898

Key Employees

$245,441

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVEN HANKS MD	DIRECTOR; PRESIDENT & CEO	0.10	Officer Director	$0	$270,856	$1,598,942
ROBERT MCCORMICK	DIRECTOR; CHAIR	0.10	Officer Director	$0	$0	$0
KATHLEEN JIMINO	DIRECTOR; TREASURER	0.10	Officer Director	$0	$0	$0
JOHN MARSHALL	DIRECTOR; VICE CHAIR	0.10	Officer Director	$0	$0	$0
GUHA BALA	DIRECTOR	0.10	Director	$0	$0	$0
GARY DAKE	DIRECTOR	0.10	Director	$0	$0	$0
MARY ANN LOGIUDICE RSM	DIRECTOR	0.10	Director	$0	$0	$0
DANIEL ISACKSEN	DIRECTOR; TRINITY HEALTH CFO	0.10	Director	$0	$373,703	$2,164,209
LEE MCELROY JR	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL MEATH	DIRECTOR	0.10	Director	$0	$0	$0
GINA MYERS PHD	DIRECTOR; CONSULTANT	0.10	Director	$0	$0	$747
MERRIETTE POLLARD	DIRECTOR	0.10	Director	$0	$0	$0
KERRI SWEET ZAVAGLIA ESQ	DIRECTOR	0.10	Director	$0	$0	$0
WILLIAM WILDRIDGE III	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT SWIDLER ESQ	SEC & VP/GENERAL COUNSEL THR 6/23	0.10	Officer	$0	$757	$134,961
THOMAS ROBERT	VP & CFO, NEW YORK REGION	0.10	Officer	$0	$70,497	$838,371
MICHELLE MAZZACCO	EVP, CONTINUING CARE	1.00	Officer	$0	$34,185	$442,521
KRISTIN SIGNOR	VP FINANCE OPERATIONS, CONT CARE	1.00	Officer	$0	$45,782	$330,721
ERIC FARRELL	INT SEC AT 7/23; ASSOC CNSL, NY REG	0.10	Officer	$0	$47,131	$289,310
SANDRA SULLIVAN-SMITH	VP REG OPERATIONS CONT CARE AT 12/23	1.00	Key Emp	$0	$39,421	$245,441
SONIA CHEVANNES	RN, LONG-TERM CARE	50.00	Highest	$178,772	$15,734	$194,506
SELINA COLLAZO	NURSING SUPERVISOR, LONG-TERM CARE	50.00	Highest	$146,727	$16,298	$163,025
TERRY CHRISTIAN-DEHLER	RN, LONG-TERM CARE	50.00	Highest	$145,370	$19,888	$165,258
ALYSON KELLY	DIRECTOR OF NURSING, LONG-TERM CARE	50.00	Highest	$139,200	$21,372	$160,572
FRAN WARING	RN, LONG-TERM CARE	50.00	Highest	$128,925	$5,741	$134,666
KIM BAKER	FMR OFFICER; SPHP SVP HOSPITAL OPS	0.00		$0	$140,032	$826,865
JAMES REED MD	FORMER OFFICER	0.00		$0	$19,112	$222,855

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	$22,893,586	$25,816,130	$39,734,550	$-2,922,544
2022	$21,075,833	$23,678,767	$43,284,875	$-2,602,934
2021	$23,214,921	$23,693,946	$50,439,364	$-479,025
2020	$26,617,374	$24,855,017	$53,463,451	$1,762,357
2019	$26,747,704	$25,054,260	$52,098,281	$1,693,444
2018	$26,739,531	$24,826,686	$50,727,099	$1,912,845

CAPITAL REGION GERIATRIC CENTER INC