GENEVA NURSING HOME INC (EIN 160957268) - 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

1968

Legal Domicile

Principal Officer

JOSE ACEVEDO MD MBA

Phone

3157874030

Tax Period

2023-01-01 to 2023-12-31

GENEVA NURSING HOME INC, founded in 1968, is a community nonprofit in the Health Care sector that reported $5.0M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $6.8M exceeded revenue, resulting in a 38% operating deficit.

Mission

GENEVA NURSING HOME, INC. IS A COMMUNITY BASED, NOT-FOR-PROFIT SKILLED NURSING FACILITY DEDICATED TO MAINTAINING AND IMPROVING THE HEALTH OF ALL PEOPLE IN THE CENTRAL FINGER LAKES REGION. WE ARE COMMITTED TO SAFE, HIGH QUALITY, COMPASSIONATE SERVICES THAT ARE CONVENIENT, ACCESSIBLE AND AT REASONABLE COST, THROUGH THE EFFORTS OF OUR EMPLOYEES, MEDICAL STAFF AND VOLUNTEERS. WE ARE A CENTER FOR HEALTH EDUCATION THAT LIVES ITS LEADERSHIP COMMITMENTS THROUGH PARTICIPATION IN AND SPONSORSHIP OF PROFESSIONAL, ALLIED HEALTH AND COMMUNITY HEALTH EDUCATION PROGRAMS.

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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 $396,273

Program Service Revenue $4,135,600

Investment Income $422,049

Other Revenue $0

TOTAL REVENUE $4,953,922

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,508,500

Fundraising Expenses $0

Program Expenses $4,753,427

Other Expenses $2,320,101

TOTAL EXPENSES $6,828,601

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,953,922	$4,009,926	+0.2%
Expenses	$6,828,601	$6,385,946	+0.1%
Net Income	$-1,874,679	$-2,376,020	-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

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

$1,456,527

Total Directors

$7,429,489

Key Employees

$928,973

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE A ACEVEDO MD	PRESIDENT	6.00	Officer Director	$0	$64,855	$1,010,435
KYLENE ABRAHAM DNP	DIRECTOR	1.00	Director	$0	$0	$0
PHIL BECKLEY	DIRECTOR	2.00	Director	$0	$0	$0
TOM BURRALL	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CHENEY	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG DENSMORE	DIRECTOR	1.00	Director	$0	$0	$0
CHEVANNE DEVANEY	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN STORK	DIRECTOR	1.00	Director	$0	$0	$0
RYAN HALLINGS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANN MCMULLEN	DIRECTOR	1.00	Director	$0	$0	$0
RODOLFO QUEIROZ MD	DIRECTOR	1.00	Director	$0	$0	$0
LANCE WARD	DIRECTOR	1.00	Director	$0	$0	$0
TRISHA KOCZENT	TREASURER & CFO	6.00	Officer Director	$0	$53,277	$446,092
JAMES NARDOZZI	DIRECTOR	1.00	Director	$0	$0	$0
JAMES ADAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
ROBERT ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG COLLINS	DIRECTOR	1.00	Director	$0	$45,019	$634,119
STEVE GOLDSTEIN	DIRECTOR	1.00	Director	$0	$214,557	$1,848,105
MICHAEL ROTONDO	DIRECTOR	1.00	Director	$0	$110,180	$1,431,838
MARK TAUBMAN	DIRECTOR	1.00	Director	$0	$179,258	$2,058,900
WILLIAM S GARRITY	VP LONG TERM CARE	8.00	Key Emp	$273,725	$29,887	$303,612
FRANK M KORICH	SR VP OPERATIONS	5.00	Key Emp	$0	$81,841	$625,361
KELLY A OMARA	NURSE MANAGER	40.00	Highest	$122,836	$5,661	$128,497
DEBRA URQUHART	LTC CLINICAL LEADER	40.00	Highest	$117,988	$5,919	$123,907
MARY GRABBATIN	REHAB SERVICE MANAGER	40.00	Highest	$122,404	$26,340	$148,744
JODI HEAVNER-ORTIZ	DIR NURSING LTC	40.00	Highest	$121,529	$15,000	$136,529

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	$4,953,922	$6,828,601	$4,413,027	$-1,874,679
2022	$4,009,926	$6,385,946	$5,161,380	$-2,376,020
2021	$4,966,673	$7,069,364	$5,873,112	$-2,102,691
2020	$6,279,665	$8,381,962	$7,523,670	$-2,102,297
2019	$7,092,085	$8,523,331	$6,066,652	$-1,431,246
2018	$6,888,529	$7,701,184	$6,018,092	$-812,655
2017	$8,547,162	$8,487,141	$6,523,460	$60,021

GENEVA NURSING HOME INC