PLAZA NURSING HOME COMPANY 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

1971

Legal Domicile

Principal Officer

TARA ZGODA

Phone

3156991619

Tax Period

2023-01-01 to 2023-12-31

PLAZA NURSING HOME COMPANY INC, founded in 1971, is a mid-sized nonprofit in the Health Care sector that reported $20.4M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $18.3M left a modest 10% surplus.

Mission

PLAZA NURSING HOME INC DBA THE COTTAGES AT GARDEN GROVE, A LONG TERM CARE AND REHABILITATION FACILITY PROVIDING NURSING HOME ACCOMODATIONS FOR THE SICK, INVALID, INFIRMED, AND DISABLED OF THE CENTRAL NEW YORK COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $16,362,693 Revenue: $18,289,530

PLAZA NURSING HOME IS A SKILLED NURSING FACILITY PROVIDING SHORT TERM REHABILITATION AND LONG-TERM CARE PLACEMENT SERVICES TO FRAIL AND VULNERABLE INDIVIDUALS IN ONONDAGA COUNTY. CARE PROVIDED...

PLAZA NURSING HOME IS A SKILLED NURSING FACILITY PROVIDING SHORT TERM REHABILITATION AND LONG-TERM CARE PLACEMENT SERVICES TO FRAIL AND VULNERABLE INDIVIDUALS IN ONONDAGA COUNTY. CARE PROVIDED SKILLED NURSING SERVICES, PHYSCIAL, OCCUPATIONAL, AND SPEECH THERAPY, ALONG WITH SOCIAL WORK, ACTIVITIES, AND OTHER RELATED 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 $3,071,066

Program Service Revenue $17,279,548

Investment Income $9,848

Other Revenue $134

TOTAL REVENUE $20,360,596

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,605,859

Fundraising Expenses $0

Program Expenses $16,362,693

Other Expenses $9,669,256

TOTAL EXPENSES $18,275,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,360,596	$15,729,143	+0.3%
Expenses	$18,275,115	$18,149,245	+0.0%
Net Income	$2,085,481	$-2,420,102	-1.9%

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

246

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

$316,373

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIE EDMONDS SMITH	CHAIRMAN	0.50	Officer Director	$0	$0	$0
JORDAN JENNINGS	QUALITY CHAIR	0.50	Director	$0	$0	$0
JULIANNE HIMES	DIRECTOR	0.50	Director	$0	$0	$0
KRISTEN HEATH	DIRECTOR	0.50	Director	$0	$0	$0
JOHN BERGEMANN	SECRETARY	0.50	Officer Director	$0	$0	$0
BRANDY HARVEY	DIRECTOR	0.50	Director	$0	$0	$0
KAREN DABROWSKI	DIRECTOR	0.50	Director	$0	$0	$0
KEVIN RANDALL	FINANCE CHAIR	0.50	Director	$0	$0	$0
TARA ZGODA	PRESIDENT/CEO	40.00	Officer	$201,593	$0	$201,593
ADAM FITZGERALD	DIRECTOR OF OPERATIONS	40.00	Officer	$114,574	$206	$114,780
TIFFIANY ABRUZZESE	EMPLOYEE	40.00	Highest	$111,321	$17,164	$128,485

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	$20,360,596	$18,275,115	$28,052,133	$2,085,481
2022	$15,729,143	$18,149,245	$27,952,042	$-2,420,102
2021	$16,044,139	$17,330,539	$30,443,685	$-1,286,400
2020	$17,830,537	$18,764,052	$32,311,112	$-933,515
2019	$19,050,643	$18,088,161	$10,335,846	$962,482
2018	$19,867,752	$18,428,247	$8,796,200	$1,439,505