LORETTO HEALTH & REHABILITATION CE… - 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

2004

Legal Domicile

Principal Officer

JOHN MURRAY

Phone

3154695570

Tax Period

2024-01-01 to 2024-12-31

LORETTO HEALTH & REHABILITATION CENTER, founded in 2004, is a mid-sized nonprofit in the Health Care sector that reported $73.7M in total revenue in fiscal year 2024. Expenses of $82.0M exceeded revenue, resulting in a 11% operating deficit.

Mission

LORETTO, ROOTED IN A RICH HERITAGE OF FAITH, HONORS, SERVES, AND EMPOWERS EVERY ELDER AND THOSE WHO CARE FOR THEM TO LIVE WITH PURPOSE, WHOLENESS, AND DIGNITY.

Program Service Accomplishments

Program 1

Expenses: $72,004,895 Revenue: $65,942,573

THE LORETTO HEALTH AND REHABILITATION CENTER IS COMPRISED OF THE CUNNINGHAM BUILDING, A 13-FLOOR, 487-BED LONG-TERM CARE SKILLED NURSING FACILITY, AND FAHEY REHAB, A 96-BED SHORT-TERM RESIDENTIAL...

THE LORETTO HEALTH AND REHABILITATION CENTER IS COMPRISED OF THE CUNNINGHAM BUILDING, A 13-FLOOR, 487-BED LONG-TERM CARE SKILLED NURSING FACILITY, AND FAHEY REHAB, A 96-BED SHORT-TERM RESIDENTIAL REHABILITATION PROGRAM - THE LARGEST IN CENTRAL NEW YORK.

Program 2

Expenses: $3,370,699 Revenue: $6,017,676

LORETTO OFFERS A FULL RANGE OF REHABILITATION SERVICES INCLUDING POST-SURGICAL RECOVERY, ORTHOPEDIC REHABILITATION, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, PAIN MANAGEMENT AND SPEECH THERAPY. USING BEST PRACTICES, INNOVATIVE PRACTICE AREAS AND THE NEWEST TECHNOLOGY, LORETTO'S CARING PROFESSIONAL STAFF STRIVE TO INCREASE PATIENT COMFORT AND VITALITY WHILE RECOVERING FROM SURGERY, ILLNESS OR INJURY.

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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 $1,699,613

Program Service Revenue $71,297,302

Investment Income $15,372

Other Revenue $662,947

TOTAL REVENUE $73,675,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,853,475

Fundraising Expenses $0

Program Expenses $75,375,594

Other Expenses $32,164,861

TOTAL EXPENSES $82,018,336

Year-over-Year Comparison

	2024	2023	Change
Revenue	$73,675,234	$70,125,097	+0.1%
Expenses	$82,018,336	$78,838,562	+0.0%
Net Income	$-8,343,102	$-8,713,465	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

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

$941,435

Total Directors

$941,435

Key Employees

$947,798

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN BRYANS	BOARD MEMBER, CHAIR	1.00	Officer Director	$0	$0	$0
JOHN BRENNAN	BOARD MEMBER, SECRETARY	1.00	Officer Director	$0	$0	$0
JOHN MCCABE	BOARD MEMBER	1.00	Director	$0	$0	$0
JOEL AMIDON	BOARD MEMBER	1.00	Director	$0	$0	$0
KIMBERLY TOWNSEND	PRESIDENT	1.00	Officer Director	$0	$27,907	$637,588
JOHN MURRAY	CFO	1.00	Officer Director	$0	$4,334	$303,847
BRANDON CLAPS	CIO	1.00	Key Emp	$0	$3,490	$225,704
NANCY WILLIAMS	CPO	1.00	Key Emp	$0	$468	$239,569
JOELLE MARGREY	CNO	1.00	Key Emp	$0	$3,748	$273,911
CHRISTINE STANFORD	COO	1.00	Key Emp	$0	$3,316	$208,614
HOLLY HOEHNER	VP GENERAL COUNSEL	1.00	Highest	$0	$3,976	$278,584
JULIE SHEEDY	CHIEF MARKETING AND ENGAGE	1.00	Highest	$0	$3,797	$255,540
DAVID HEISIG	MEDICAL DIRECTOR	1.00	Highest	$0	$0	$274,997
COURTNEY LYON	ADMINISTRATOR	40.00	Highest	$187,651	$0	$187,651

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	$73,675,234	$82,018,336	$30,970,251	$-8,343,102
2023	$70,125,097	$78,838,562	$30,337,580	$-8,713,465
2022	$63,363,776	$71,725,030	$30,831,988	$-8,361,254
2021	$69,232,567	$65,766,706	$32,645,614	$3,465,861
2020	$65,052,712	$72,372,397	$32,119,880	$-7,319,685
2019	$71,334,328	$73,535,645	$33,344,045	$-2,201,317
2018	$66,163,503	$72,335,666	$35,727,980	$-6,172,163

LORETTO HEALTH & REHABILITATION CENTER