Reno, NV
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Renown Skilled Nursing, founded in 2004, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2018. Revenue fell 75% from the prior year — a significant decline worth monitoring. Expenses of $4.1M exceeded revenue, resulting in a 89% operating deficit.
Renown Health makes a genuine difference in the health and well-being of the people and communities we serve.
Renown Skilled Nursing is a 160-bed nursing facility designed to serve the healthcare needs of long and short-term, acute-care patients. Services include 24/7 licensed nursing care and physical...
Renown Skilled Nursing is a 160-bed nursing facility designed to serve the healthcare needs of long and short-term, acute-care patients. Services include 24/7 licensed nursing care and physical, occupational, speech and restorative therapy in-house seven days a week. This valuable facility serves a need that otherwise would be unmet in northern Nevada. By accepting the long-term, acute-care patients for rehabilitative services, other hospital beds in the health network are available for higher-acuity, shorter-term care. As of November 30, 2018, all operations at Renown Skilled Nursing ceased, and the corporation was dissolved on June 30, 2019. During the 5 months Renown Skilled Nursing was operating in FY19, they provided 7,640 patient care days for patients transferred from other hospital beds in the health network because they required a level of care delivered most appropriately in a skilled nursing facility. For the fiscal year ending June 30, 2019, Renown Skilled Nursing, along with its parent, Renown Health and its subsidiaries, provided more than $158 million in benefit to the community (using community benefit numbers gathered by the Nevada Hospital Association using state-approved criteria to ensure consistency). For a full report on the benefit Renown Health provided to our community, as well as our community needs assessment and community benefit plan, go to www.renown.org/communitybenefit.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2018 | 2017 | Change | |
|---|---|---|---|
| Revenue | $2,177,326 | $8,766,236 | -0.8% |
| Expenses | $4,122,749 | $11,503,343 | -0.6% |
| Net Income | $-1,945,423 | $-2,737,107 | -0.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Anthony Slonim | President/CEO | 3.00 |
Officer
Director
|
$0 | $184,005 | $1,744,952 |
| James De Volld - Treas Vice | Chair (Jul-Dec)/Chair (Jan-Jun) | 3.00 |
Officer
Director
|
$0 | $0 | $29,408 |
| Kimberly Cooney | Secretary | 3.00 |
Officer
Director
|
$0 | $0 | $24,000 |
| G Blake Smith | Chair (Jul-Dec)/Director (Jan-Jun) | 3.00 |
Officer
Director
|
$0 | $0 | $46,678 |
| Adam Kramer - Director | (Jul-Dec)/Vice Chair (Jan-Jun) | 3.00 |
Officer
Director
|
$0 | $0 | $15,000 |
| Todd McKenzie | Director (Aug-Jun)/Treas (Jan-Jun) | 3.00 |
Officer
Director
|
$0 | $0 | $12,917 |
| Michael Peterson | Director | 3.00 |
Director
|
$0 | $0 | $15,000 |
| Jeff Resnik | Director | 3.00 |
Director
|
$0 | $0 | $35,195 |
| Joanne Olson | Director | 3.00 |
Director
|
$0 | $0 | $24,000 |
| Alvaro Devia | Director | 3.00 |
Director
|
$0 | $0 | $28,974 |
| Christi Matteoni | Director | 3.00 |
Director
|
$0 | $0 | $15,000 |
| Steven Johnson | Director | 3.00 |
Director
|
$0 | $0 | $35,195 |
| Thomas Deveny | Director | 3.00 |
Director
|
$0 | $0 | $15,000 |
| Harvey Fennell | Director (Jan-Jun) | 3.00 |
Director
|
$0 | $0 | $10,918 |
| Tammy Dermody | Director (Jan-Jun) | 3.00 |
Director
|
$0 | $0 | $0 |
| Brian Loy | Director (Jul-Dec) | 3.00 |
Director
|
$0 | $0 | $27,065 |
| William Newberg | Director (Jul-Dec) | 3.00 |
Director
|
$0 | $0 | $24,121 |
| Bernie Carter | Director (Jul-Dec) | 3.00 |
Director
|
$0 | $0 | $25,391 |
| Richard Bostdorff | Director (Jul-Dec) | 3.00 |
Director
|
$0 | $0 | $24,000 |
| Hakeem Olanrewaju | Chief Financial Officer | 2.00 |
Officer
|
$0 | $14,776 | $381,744 |
| Barbara Coruna | Registered Nurse | 60.00 |
Highest
|
$116,198 | $12,706 | $128,904 |
| Imee Barrett | Nursing Supervisor | 60.00 |
Highest
|
$111,429 | $22,743 | $134,172 |
| Constante Basallo | Geriatrics Registered Nurse | 60.00 |
Highest
|
$110,244 | $18,921 | $129,165 |
| Rhodora Garrett | Geriatrics Registered Nurse | 60.00 |
Highest
|
$107,718 | $10,896 | $118,614 |
| Dawn Ahner - Former Officer | Current COO Acute Services | 0.00 |
|
$0 | $128,435 | $1,025,008 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2019 | $2,177,326 | $4,122,749 | No data | $-1,945,423 |
| 2018 | $8,766,236 | $11,503,343 | $1,740,442 | $-2,737,107 |
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