CHASE MEMORIAL NURSING HOME CO 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

1956

Legal Domicile

Principal Officer

JASON SANTIAGO

Phone

6078477000

Tax Period

2024-01-01 to 2024-12-31

CHASE MEMORIAL NURSING HOME CO INC, founded in 1956, is a community nonprofit in the Health Care sector that reported $8.4M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

CHASE MEMORIAL NURSING HOME STRIVES TO BE THE PROVIDER AND EMPLOYER OF CHOICE IN LONG TERM CARE WITH AN EMPHASIS ON PROVIDING THE HIGHEST QUALITY CARE FOR OUR RESIDENTS IN A SAFE, CLEAN AND STIMULATING ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $6,820,547 Revenue: $8,334,108

OPERATION OF AN EIGHTY-BED RESIDENTIAL HEALTH CARE FACILITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $36,384

Program Service Revenue $8,333,350

Investment Income $0

Other Revenue $758

TOTAL REVENUE $8,370,492

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,961,209

Fundraising Expenses $0

Program Expenses $6,820,547

Other Expenses $3,356,176

TOTAL EXPENSES $8,317,385

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,370,492	$7,685,672	+0.1%
Expenses	$8,317,385	$7,952,161	+0.0%
Net Income	$53,107	$-266,489	-1.2%

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

159

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

$716,340

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK ALLABAUGH	CHAIR	0.25	Officer Director	$0	$0	$0
KATHLEEN BUNNELL	DIRECTOR	0.25	Director	$0	$0	$0
BOB ASH	DIRECTOR	0.25	Director	$0	$0	$0
ERIC WEBSTER	VICE CHAIR	0.25	Officer Director	$0	$0	$0
TIMOTHY HYLE	DIRECTOR	0.25	Director	$0	$0	$0
DAWN LANOUETTE	DIRECTOR	0.25	Director	$0	$0	$0
MARY ROONEY	DIRECTOR	0.25	Director	$0	$0	$0
BOB KELLER	SECRETARY	0.25	Officer Director	$0	$0	$0
KYLE SEVEY	TREASURER	0.25	Officer Director	$0	$0	$0
BRIDGET TALBUT	DIRECTOR	0.25	Director	$0	$0	$0
JOANN NAVARRO	DIRECTOR	0.25	Director	$0	$0	$0
PETER LENNON	DIRECTOR	0.25	Director	$0	$0	$0
JASON SANTIAGO	CEO (FROM 8/1/23)	7.60	Officer	$0	$29,359	$404,025
ULYSSES S ARNOLD II	CFO	7.60	Officer	$0	$19,303	$211,316
MARY WASSEL	COO	7.60	Officer	$0	$15,250	$100,999
PATRICIA HITCHCOCK	CHASE EXECUTIVE DIRECTOR	40.00	Highest	$144,205	$446	$144,651
SUSAN HOLBERT	CHASE DON	40.00	Highest	$104,567	$17,586	$122,153
MICHAEL KEENAN	FORMER CEO (THROUGH 7/31/23)	0.00		$0	$490	$188,255

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	$8,370,492	$8,317,385	$5,550,575	$53,107
2023	$7,685,672	$7,952,161	$4,911,464	$-266,489
2022	$7,085,748	$6,793,082	$5,204,923	$292,666
2021	$5,285,968	$5,959,975	$4,850,719	$-674,007
2020	$7,040,307	$7,158,906	$5,086,588	$-118,599
2019	$6,513,139	$6,468,314	$5,001,813	$44,825
2018	$6,577,924	$6,244,239	$5,252,518	$333,685