PARK RIDGE NURSING HOME INC DBA PA… - Form 990 Financial Data

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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

1969

Legal Domicile

Principal Officer

DR RICHARD DAVIS

Phone

5859221595

Tax Period

2023-01-01 to 2023-12-31

PARK RIDGE NURSING HOME INC DBA PARK RIDGE LIVING CENTER, founded in 1969, is a mid-sized nonprofit that reported $25.1M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. The organization ran a surplus of $3.8M, a strong 15% operating margin.

Mission

AN AFFIILIATE OF THE SYSTEM AND THE CENTER OF AGING AND CONTINUING CARE SERVICES, PARK RIDGE NURSING HOME (D.B.A PARK RIDGE LIVING CENTER) IS DEDICATED TO PROVIDING QUALITY CARE, INDEPENDENCE AND A POSITIVE LIVING EXPERIENCE FOR THE PATIENTS AND RESIDENTS IN OUR FACILITY. THE MISSION IS ACHIEVED THROUGH THE CORE VALUES OF THE SYSTEM WHICH INCLUDE PEOPLE, EXCELLENCE, LEARNING AND RESULTS.

Program Service Accomplishments

Program 1

Expenses: $19,756,048 Revenue: $22,311,300

120-BED NURSING FACILITY PROVIDING 42,996 PATIENT CARE DAYS. PARK RIDGE NURSING HOME PROVIDES A MODEL OF CARE FOR RESIDENTS WHERE THEY ARE ENCOURAGED TO MAKE THEIR OWN CHOICES AND PROVIDES A HOME...

120-BED NURSING FACILITY PROVIDING 42,996 PATIENT CARE DAYS. PARK RIDGE NURSING HOME PROVIDES A MODEL OF CARE FOR RESIDENTS WHERE THEY ARE ENCOURAGED TO MAKE THEIR OWN CHOICES AND PROVIDES A HOME ENVIRONMENT IN WHICH THEY WILL LIVE AND SHARE LIFE'S JOURNEY.

Program 2

Expenses: $-1,321 Revenue: $-1,492

THREE SOCIAL DAYCARES CENTERS CLOSED OPERATIONS IN 2022. 2023 ACTIVITY RELATES TO CLOSE OUT ACTIVITIES.

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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 $2,803,491

Program Service Revenue $22,263,180

Investment Income $125

Other Revenue $46,628

TOTAL REVENUE $25,113,424

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,796,297

Fundraising Expenses $0

Program Expenses $19,754,727

Other Expenses $6,508,052

TOTAL EXPENSES $21,304,349

Year-over-Year Comparison

	2023	2022	Change
Revenue	$25,113,424	$21,799,405	+0.2%
Expenses	$21,304,349	$20,795,761	+0.0%
Net Income	$3,809,075	$1,003,644	+2.8%

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

473

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

$8,132,701

Total Directors

$3,800,238

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES H HANK STUART	CHAIR OF THE BOARD	1.00	Officer Director	$0	$0	$0
MARILYN DOLLINGER	TREASURER	1.00	Officer Director	$0	$0	$0
DANIEL MEYERS	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD DAVIS PHD	CEO	1.00	Officer Director	$56,040	$54,879	$3,137,087
ELIZABETH PATTON PHD	DIRECTOR	1.00	Director	$0	$0	$0
RALPH DESTEPHANO	DIRECTOR	1.00	Director	$0	$0	$0
ERIKA GREEN	DIRECTOR	1.00	Director	$0	$0	$0
DR RICHARD MACHEMER	DIRECTOR	1.00	Director	$0	$0	$0
MANUEL MATOS MD	DIRECTOR	1.00	Director	$0	$146,102	$663,151
JAMES NORMAN	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS CRILLY	CFO	1.00	Officer	$25,899	$154,600	$1,579,020
HUGH THOMAS	CAO	0.00	Officer	$0	$9,101	$1,739,491
CHRISTIAN CASINI	ASSISTANT SECRETARY	0.00	Officer	$0	$34,153	$371,721
JENNIFER ESLINGER	COO	1.00	Officer	$23,528	$11,368	$1,305,382
DAN MORPHET	ADMINISTRATOR, NHA	40.00	Highest	$161,582	$21,864	$183,446
NATASHA JACKSON	DIRECTOR, NURSING	40.00	Highest	$170,106	$18,945	$189,051
KRISTI RATHBUN	LPN	40.00	Highest	$134,166	$33,346	$167,512
KETURAH DOYLE	LPN	40.00	Highest	$128,602	$0	$128,602
CHARLOTTE HOLMES	OFF-SHIFT DIRECTOR	40.00	Highest	$176,915	$0	$176,915

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	$25,113,424	$21,304,349	$28,043,331	$3,809,075
2022	$21,799,405	$20,795,761	$24,816,859	$1,003,644
2021	$21,772,401	$22,145,743	$25,914,480	$-373,342
2020	$21,380,437	$21,265,652	$26,980,085	$114,785
2019	$27,407,280	$27,127,899	$26,195,654	$279,381
2018	$29,026,971	$28,766,655	$27,789,120	$260,316

PARK RIDGE NURSING HOME INC DBA PARK RIDGE LIVING CENTER