HERITAGE HOUSE NURSING CENTER 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

1990

Legal Domicile

Principal Officer

MICHELLE MAZZACCO

Phone

5182744125

Tax Period

2023-01-01 to 2023-12-31

HERITAGE HOUSE NURSING CENTER INC, founded in 1990, is a mid-sized nonprofit in the Health Care sector that reported $13.4M in total revenue in fiscal year 2023.

Mission

WE, ST. PETER'S HEALTH PARTNERS AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. HERITAGE HOUSE NURSING CENTER IS A MEMBER OF ST. PETER'S HEALTH PARTNERS AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $13,594,177 Revenue: $13,360,283

HERITAGE HOUSE NURSING CENTER IS A 122-BED SKILLED NURSING CENTER LOCATED IN TROY, NEW YORK. THE CENTER HAS BEEN PROVIDING QUALITY CARE SINCE 1992 AND IS DEDICATED TO ENHANCING THE DIGNITY, COMFORT, AND QUALITY OF LIFE FOR SENIORS IN A HOMELIKE ENVIRONMENT. THE CENTER ALSO PROVIDES SHORT-TERM, SUB-ACUTE REHABILITATION SERVICES FOR INDIVIDUALS WHO DO NOT REQUIRE THE INTENSIVE REHABILITATION THERAPY PROVIDED AT AN ACUTE REHABILITATION HOSPITAL. THE CENTER OFFERS RESPITE CARE TO GIVE FAMILY MEMBERS AND CAREGIVERS TIME TO TEND TO OTHER FAMILY OR WORK OBLIGATIONS AND RELIEF FROM DAY-TO-DAY CAREGIVING RESPONSIBILITIES. RESPITE CARE IS AVAILABLE ONE TO FOUR WEEKS AT A TIME. PLEASE VISIT OUR WEBSITE FOR ADDITIONAL INFORMATION:WWW.SPHP.COM/LOCATION/EDDY-HERITAGE-HOUSE-NURSING-REHABILITATION-CENTER

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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 $3,710

Program Service Revenue $13,082,433

Investment Income $-2,108

Other Revenue $290,978

TOTAL REVENUE $13,375,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,403,576

Fundraising Expenses $0

Program Expenses $13,594,177

Other Expenses $5,988,197

TOTAL EXPENSES $14,391,773

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,375,013	$13,788,355	0.0%
Expenses	$14,391,773	$14,808,404	0.0%
Net Income	$-1,016,760	$-1,020,049	0.0%

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

261

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	$101,177	$39,421	$245,441
DEBBIE OSHINLOYE	DIRECTOR OF NURSING, LONG-TERM CARE	50.00	Highest	$121,065	$2,316	$123,381
ADDIE HARUNA	LPN-MED RATED, LONG-TERM CARE	50.00	Highest	$119,255	$16,493	$135,748
LAUREN FINA	NURSE PRACTITIONER, CONTINUING CARE	50.00	Highest	$110,745	$11,201	$125,094
HEIDI GRANGER	NURSE MANAGER, LONG-TERM CARE	50.00	Highest	$113,282	$13,720	$127,002
SUSAN DAVIS	ASST DIRECTOR OF NURSING, LT CARE	50.00	Highest	$110,183	$22,452	$132,635
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	$13,375,013	$14,391,773	$3,298,806	$-1,016,760
2022	$13,788,355	$14,808,404	$3,653,819	$-1,020,049
2021	$12,659,355	$13,842,761	$3,100,064	$-1,183,406
2020	$14,358,215	$14,124,945	$3,656,925	$233,270
2019	$14,555,137	$14,500,291	$3,814,746	$54,846
2018	$14,945,348	$14,218,323	$3,975,190	$727,025