Renown Skilled Nursing (EIN 201347269) - Form 990 Financial Analysis & Trantor Score

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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

Ann Beck

Phone

7759826488

Tax Period

2018-07-01 to 2019-06-30

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.

Mission

A 160 bed long-term acute care nursing facility specializing in rehabilitative care.

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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 (2018)

Revenue Breakdown

Contributions & Grants $354,627

Program Service Revenue $2,038,414

Investment Income $-215,715

Other Revenue $0

TOTAL REVENUE $2,177,326

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,392,741

Fundraising Expenses $0

Program Expenses $3,082,461

Other Expenses $1,730,008

TOTAL EXPENSES $4,122,749

Year-over-Year Comparison

	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%

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

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

$2,254,699

Total Directors

$2,152,814

Key Employees

Highest Compensated

reported

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

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
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

Renown Skilled Nursing