BEVERWYCK INC (EIN 141717028) - 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

5184828774

Tax Period

2023-01-01 to 2023-12-31

BEVERWYCK INC, founded in 1989, is a mid-sized nonprofit in the Housing & Shelter sector that reported $18.7M in total revenue in fiscal year 2023. The organization ran a surplus of $3.5M, a strong 19% operating margin.

Mission

TO PROVIDE A COMPLETE CONTINUUM OF LONG-TERM CARE SERVICES

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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 $46,974

Program Service Revenue $16,868,882

Investment Income $1,774,875

Other Revenue $8,488

TOTAL REVENUE $18,699,219

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,150,108

Fundraising Expenses $0

Program Expenses $13,753,387

Other Expenses $8,057,140

TOTAL EXPENSES $15,207,248

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,699,219	$17,432,821	+0.1%
Expenses	$15,207,248	$14,553,365	+0.0%
Net Income	$3,491,971	$2,879,456	+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

276

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
DANIEL ISACKSEN	DIRECTOR; TRINITY HEALTH CFO	0.10	Director	$0	$373,703	$2,164,209
MARY ANN LOGIUDICE RSM	DIRECTOR	0.10	Director	$0	$0	$0
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
PAULA KALAMEJSKI	EXECUTIVE DIRECTOR	50.00	Highest	$136,097	$6,550	$142,647
LORRIE SHILLING	DIRECTOR, SALES	50.00	Highest	$107,494	$13,909	$121,403
LORI PORTER	DIRECTOR, NURSING	50.00	Highest	$113,823	$28,319	$142,142
MICHELLE MARTINO	NURSING SUPERVISOR, LONG-TERM CARE	50.00	Highest	$114,857	$6,329	$121,186
JOANNE MOLARO	NURSING MANAGER, LONG-TERM CARE	50.00	Highest	$108,518	$15,202	$123,720
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	$18,699,219	$15,207,248	$86,363,834	$3,491,971
2022	$17,432,821	$14,553,365	$80,713,602	$2,879,456
2021	$18,557,714	$13,691,146	$81,150,953	$4,866,568
2020	$17,273,684	$12,948,786	$73,998,453	$4,324,898
2019	$16,361,851	$12,660,403	$68,297,666	$3,701,448
2018	$16,221,060	$12,905,797	$59,946,171	$3,315,263

BEVERWYCK INC