LORETTO INDEPENDENT LIVING SERVICES INC DBA PACE CNY

EIN: 161470454 501(c)(3) Human Services

NORTH SYRACUSE, NY

Total Revenue
$74,036,593
Total Expenses
$72,238,745
Total Assets
$32,923,880
Net Assets
$17,336,276
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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
1994
Legal Domicile
NY
Principal Officer
KIMBERLY TOWNSEND
Phone
3154525800
Tax Period
2023-01-01 to 2023-12-31

LORETTO INDEPENDENT LIVING SERVICES INC DBA PACE CNY, founded in 1994, is a mid-sized nonprofit in the Human Services sector that reported $74.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO COORDINATE AND PROVIDE HEALTHCARE FOR THE FRAIL ELDERLY IN ONONDAGA COUNTY.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,313,339
Program Service Revenue $68,657,713
Investment Income $0
Other Revenue $4,065,541
TOTAL REVENUE $74,036,593

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,991,789
Fundraising Expenses $0
Program Expenses $52,774,276
Other Expenses $44,246,956
TOTAL EXPENSES $72,238,745

Year-over-Year Comparison

2023 2022 Change
Revenue $74,036,593 $60,091,908 +0.2%
Expenses $72,238,745 $60,618,469 +0.2%
Net Income $1,797,848 $-526,561 -4.4%
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

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Governance

Voting Members
7
Independent Members
4
Employees
N/A
Volunteers
N/A

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
3
$1,207,509
Total Directors
7
$1,353,422
Key Employees
2
$405,174
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CORA ALSANTE BOARD MEMBER 1.00
Director
$0 $0 $0
VICKI O'NEILL BOARD MEMBER 1.00
Director
$0 $0 $0
BRENDA KO BOARD MEMBER, 1.00
Director
$0 $0 $0
VINCENT SWEENEY BOARD MEMBER 1.00
Director
$0 $0 $0
HOLLY HOEHNER VP GENERAL COUNSEL, BOARD SECRETARY 1.00
Director
$0 $0 $272,837
JOHN MURRAY CFO, BOARD MEMBER 1.00
Officer Director
$0 $0 $305,507
KIMBERLY TOWNSEND PRESIDENT, BOARD CHAIR 1.00
Officer Director
$0 $0 $775,078
NANCY WILLIAMS CHIEF PEOPLE OFFICER 1.00
Officer
$0 $0 $126,924
BRANDON CLAPS CHIEF INFORMATION OFFICER 1.00
Key Emp
$0 $0 $210,362
STEPHANIE BUTTON VP OF LORETTO INDEPENDENT LIVING SERVICES, INC. 1.00
Key Emp
$0 $0 $194,812
JENNIFER INGERSON VP OF HOUSING 1.00
Highest
$0 $0 $202,284
JOELLE MARGREY CNO 1.00
Highest
$0 $0 $241,541
JULIE SHEEDY CHIEF MARKETING AND ENGAGEMENT OFFICER 1.00
Highest
$0 $0 $240,026
DAVID HEISIG MEDICAL DIRECTOR 40.00
Highest
$0 $0 $274,997
LORI SAKALAS FORMER CHIEF OPERATING OFFICER 1.00
$0 $1,946 $161,662
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 $74,036,593 $72,238,745 $32,923,880 $1,797,848
2022 $60,091,908 $60,618,469 $38,113,234 $-526,561
2021 $60,174,609 $60,927,747 $35,624,449 $-753,138
2020 $64,014,704 $64,511,542 $32,662,553 $-496,838
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