OUR LADY OF PEACE 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

2003

Legal Domicile

Phone

3147338000

Tax Period

2023-01-01 to 2023-12-31

OUR LADY OF PEACE INC, founded in 2003, is a mid-sized nonprofit that reported $16.1M in total revenue in fiscal year 2023. Expenses of $20.2M exceeded revenue, resulting in a 25% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $19,082,708 Revenue: $12,894,172

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO...

THE FILING ORGANIZATION IS A PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY. ASCENSION IS A FAITH-BASED HEALTHCARE ORGANIZATION THAT DELIVERS PERSONALIZED, COMPASSIONATE CARE TO ALL, ESPECIALLY TO THOSE WHO NEED IT THE MOST. OUR LADY OF PEACE (OLP) IS A SKILLED NURSING FACILITY (SNF). OUR SNF, INSPIRED BY THE HEALING MISSION OF THE CATHOLIC CHURCH TO THE ELDERLY, PROVIDES A CONTINUUM OF CARE TO RESIDENTS THAT MAXIMIZES DIGNITY AND INDEPENDENCE. ROOTED IN THE CATHOLIC TRADITION OF CARING, AS A CORPORATE MEMBER OF ASCENSION HEALTH SENIOR CARE, OLP IS CONTINUALLY DEVELOPING AND ADOPTING NEW BEST PRACTICES IN CARE THAT ENHANCE THE EXPERIENCE OF OUR RESIDENTS, PROGRAM PARTICIPANTS AND PATIENTS. THE STAFF IS COMMITTED TO PROMOTING THE WELL-BEING OF THOSE WE SERVE THROUGH THE DELIVERY OF QUALITY CARE. THE SNF HAS 250 BEDS INCLUDING A SUB-ACUTE UNIT OF 40 BEDS IN 2023, 44,190 DAYS OF CARE WERE PROVIDED TO RECIPIENTS. AS A CHARITABLE ORGANIZATION, IT IS RECOGNIZED THAT NOT ALL PERSONS SERVED POSSESS THE ABILITY TO PURCHASE ESSENTIAL SERVICES AND AS A RESULT, APPROXIMATELY 76% OF THE DAYS OF CARE WERE PROVIDED TO MEDICAID RECIPIENTS.

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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 $197,202

Program Service Revenue $12,878,656

Investment Income $55,865

Other Revenue $3,016,715

TOTAL REVENUE $16,148,438

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,462,030

Fundraising Expenses $0

Program Expenses $19,082,708

Other Expenses $9,774,258

TOTAL EXPENSES $20,236,288

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,148,438	$15,534,777	+0.0%
Expenses	$20,236,288	$19,769,073	+0.0%
Net Income	$-4,087,850	$-4,234,296	0.0%

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

259

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

$2,125,264

Total Directors

$73,237

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIR (END 6/2023)	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY (END 6/2023)	1.0	Officer Director	$0	$0	$0
N/A	TREASURER (END 6/2023)	1.0	Officer Director	$0	$0	$0
N/A	EX-OFFICIO/EXECUTIVE DIRECTOR (END 5/2023)	50.0	Officer Director	$61,710	$11,527	$73,237
N/A	CHAIR/DIRECTOR (START 7/2023)	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR (START 7/2023)	1.0	Director	$0	$0	$0
N/A	DIRECTOR (END 6/2023)	1.0	Director	$0	$0	$0
N/A	DIRECTOR (END 6/2023)	1.0	Director	$0	$0	$0
N/A	DIRECTOR (START 7/2023)	1.0	Director	$0	$0	$0
N/A	DIRECTOR (START 7/2023)	1.0	Director	$0	$0	$0
N/A	DIRECTOR (END 6/2023)	1.0	Director	$0	$0	$0
N/A	DIRECTOR (END 6/2023)	1.0	Director	$0	$0	$0
N/A	SENIOR VP, POST-ACUTE & AT-HOME SERIVCES	0.0	Officer	$0	$53,389	$1,203,802
N/A	CFO, ASCENSION LIVING (END 8/2023)	0.0	Officer	$0	$34,547	$566,500
N/A	ASSOCATE VP OF FINANCE, ASCENSION LIVING (START 9/2023)	0.0	Officer	$0	$46,195	$281,725
N/A	FORMER OFFICER (END 8/2022)	0.0		$0	$0	$641,193

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	$16,148,438	$20,236,288	$16,788,671	$-4,087,850
2022	$15,534,777	$19,769,073	$14,841,740	$-4,234,296
2021	$14,753,062	$20,646,420	$16,175,998	$-5,893,358
2020	$20,495,958	$24,769,534	$17,424,334	$-4,273,576
2019	$23,885,811	$24,876,271	$19,116,388	$-990,460
2018	$25,712,327	$26,003,732	$19,955,942	$-291,405