GENEVA NURSING HOME II 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

1995

Legal Domicile

Principal Officer

JOSE ACEVEDO MD MBA

Phone

3157874000

Tax Period

2023-01-01 to 2023-12-31

GENEVA NURSING HOME II INC, founded in 1995, is a community nonprofit in the Health Care sector that reported $7.9M in total revenue in fiscal year 2023.

Mission

GENEVA NURSING HOME II, 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.

Program Service Accomplishments

Program 1

Expenses: $5,927,598 Revenue: $7,378,510

GENEVA NURSING HOME, II, INC, D/B/A LIVING CENTER GENEVA NORTH (LCN) IS AN 80-BED SKILLED NURSING FACILITY WITH A REPUTATION FOR OUTSTANDING MEDICAL, NURSING, AND REHABILITATIVE CARE. LOCATED IN...

GENEVA NURSING HOME, II, INC, D/B/A LIVING CENTER GENEVA NORTH (LCN) IS AN 80-BED SKILLED NURSING FACILITY WITH A REPUTATION FOR OUTSTANDING MEDICAL, NURSING, AND REHABILITATIVE CARE. LOCATED IN GENEVA, NY, LCN CONSISTS OF TWO NURSING UNITS AND A RESPITE SERVICE WITH TWO BEDS. LCN OFFERS A BROAD RANGE OF SKILLED NURSING AND REHABILITATIVE SERVICES. OUR MULTIDISCIPLINARY TEAM, CONSISTING OF PHYSICIANS, NURSING, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, SOCIAL WORK, ACTIVITIES AND NUTRITIONAL SERVICES STAFF, WORKS DIRECTLY WITH THE RESIDENT AND FAMILY MEMBERS TO DEVISE AND CARRY OUT THE BEST POSSIBLE PLAN OF CARE. WE ARE ABLE TO OFFER A CONTINUUM OF CARE UNMATCHED IN OUR REGION, WITH A WIDE VARIETY OF MEDICAL SPECIALISTS AND OUTSTANDING ACUTE CARE AS NEEDED.

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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 $268,320

Program Service Revenue $7,378,510

Investment Income $263,400

Other Revenue $0

TOTAL REVENUE $7,910,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,403,009

Fundraising Expenses $0

Program Expenses $5,927,598

Other Expenses $4,649,074

TOTAL EXPENSES $8,052,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,910,230	$7,466,802	+0.1%
Expenses	$8,052,083	$7,245,624	+0.1%
Net Income	$-141,853	$221,178	-1.6%

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

112

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	ASST SECRETARY	6.00	Officer Director	$0	$64,855	$1,010,435
KYLENE ABRAHAM DNP	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP BECKLEY	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN STORK	DIRECTOR	1.00	Director	$0	$0	$0
ANN MCMULLEN	DIRECTOR	1.00	Director	$0	$0	$0
RODOLFO QUEIROZ MD	DIRECTOR	1.00	Director	$0	$0	$0
TOM BURRALL	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG DENSMORE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CHENEY	DIRECTOR	1.00	Director	$0	$0	$0
LANCE WARD	DIRECTOR	1.00	Director	$0	$0	$0
CHEVANNE DEVANEY	DIRECTOR	1.00	Director	$0	$0	$0
RYAN HALLINGS	VICE CHAIR	1.00	Officer 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	2.00	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	$0	$29,887	$303,612
FRANK M KORICH	CHIEF OPERATING OFFICER	5.00	Key Emp	$0	$81,841	$625,361
HILDA MCNICHOLAS	NURSE MANAGER	40.00	Highest	$127,957	$20,771	$148,728
PATRICIA ROBERTS-REAVES	LTC CLINICAL LEADER	40.00	Highest	$103,175	$8,152	$111,327

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	$7,910,230	$8,052,083	$5,402,483	$-141,853
2022	$7,466,802	$7,245,624	$5,314,870	$221,178
2021	$6,350,404	$5,653,090	$6,075,011	$697,314
2020	$6,478,554	$6,542,032	$8,168,328	$-63,478
2019	$6,387,279	$5,878,726	$7,744,694	$508,553
2018	$5,983,639	$5,774,378	$7,458,893	$209,261
2017	$6,191,209	$5,469,392	$7,816,206	$721,817