PRESBYTERIAN HOME FOR CENTRAL NEW YORK (EIN 160874414) - 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

1963

Legal Domicile

Principal Officer

JEREMY RUTTER

Phone

3157977500

Tax Period

2023-01-01 to 2023-12-31

PRESBYTERIAN HOME FOR CENTRAL NEW YORK, founded in 1963, is a mid-sized nonprofit in the Health Care sector that reported $14.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $16.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION OPERATES A 236-BED NURSING HOME THAT EXCELS IN PROVIDING HEALTHCARE AND SERVICES FOR THE ELDERLY, WHILE PROMOTING WELLNESS IN A DIGNIFIED MANNER.

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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 $0

Program Service Revenue $13,233,502

Investment Income $49,508

Other Revenue $1,158,110

TOTAL REVENUE $14,441,120

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,622,420

Fundraising Expenses $0

Program Expenses $14,662,603

Other Expenses $8,908,545

TOTAL EXPENSES $16,530,965

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,441,120	$12,697,257	+0.1%
Expenses	$16,530,965	$13,875,466	+0.2%
Net Income	$-2,089,845	$-1,178,209	+0.8%

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

285

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

$391,686

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LINDA VOCE	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
GEORGE BURKE	DIRECTOR	0.20	Director	$0	$0	$0
PATRICIA PITCHER	DIRECTOR	0.20	Director	$0	$0	$0
JAY WILLIAMS	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
JEFFREY KANE	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT OHMANN	DIRECTOR	0.20	Director	$0	$0	$0
DEBORAH WELKER-MILLS	DIRECTOR	0.20	Director	$0	$0	$0
MARIE ABRAHAM	DIRECTOR	0.20	Director	$0	$0	$0
ROGER WILLIAMS	DIRECTOR	0.20	Director	$0	$0	$0
JULIANNE BREEN	SECRETARY	0.20	Officer Director	$0	$0	$0
RUSSELL CLARK	TREASURER	0.20	Officer Director	$0	$0	$0
JEREMY RUTTER	CEO	13.00	Officer	$0	$14,262	$255,394
ANNE CONNOR	CFO	13.00	Officer	$0	$11,893	$136,292
JERRY RAY	RN SUPERVISOR	40.00	Highest	$143,403	$7,602	$151,005
MARICA MALORZO	DIRECTOR OF NURSING	40.00	Highest	$172,068	$7,602	$179,670
LENORA D'APICE	CHIEF STRATEGY OFFICER	13.00	Highest	$0	$2,833	$139,278
CORINA CHRYSTIE	VP OF HR	13.00	Highest	$0	$11,752	$126,970
JENEE KAWEJSZA	ADMINISTRATOR	40.00	Highest	$0	$10,237	$131,799

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	$14,441,120	$16,530,965	$10,067,973	$-2,089,845
2022	$12,697,257	$13,875,466	$10,656,726	$-1,178,209
2021	$15,424,333	$15,159,319	$13,053,629	$265,014
2020	$19,448,953	$18,062,372	$14,240,047	$1,386,581
2019	$21,960,328	$22,224,106	$13,361,220	$-263,778
2018	$21,203,598	$22,462,782	$14,324,882	$-1,259,184

PRESBYTERIAN HOME FOR CENTRAL NEW YORK