CATHOLIC MANAGED LONG TERM CARE INC

EIN: 208180809 501(c)(3) Health Care

NEW YORK, NY

Total Revenue
$466,228,842
Total Expenses
$451,926,293
Total Assets
$125,273,061
Net Assets
$40,078,639
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
NY
Principal Officer
SCOTT P LA RUE
Phone
6466334700
Tax Period
2023-01-01 to 2023-12-31

CATHOLIC MANAGED LONG TERM CARE INC, founded in 2007, is a major nonprofit in the Health Care sector that reported $466.2M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $451.9M left a modest 3% surplus.

Mission

CATHOLIC MANAGED LONG TERM CARE, INC. OFFERS ALL-INCLUSIVE CARE FOR THE ELDERLY (PACE) IN WESTCHESTER, MANHATTAN, STATEN ISLAND AND THE BRONX WHO QUALIFY FOR NURSING HOME CARE BUT WISH TO STAY IN THEIR HOMES AND COMMUNITY. IN ADDITION, THE ORGANIZATION OFFERS THE ARCHCARE COMMUNITY LIFE PROGRAM AS A MANAGED LONG TERM CARE PROGRAM WHICH PROVIDES MEDICAID COVERED SERVICES TO INDIVIDUALS 18 AND OVER. THE COMMUNITY LIFE PROGRAM OPERATES IN ALL FIVE BOROUGHS, WESTCHESTER AND PUTNAM 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 $1,419,184
Program Service Revenue $463,720,829
Investment Income $1,073,831
Other Revenue $14,998
TOTAL REVENUE $466,228,842

Expense Breakdown

Grants Paid $0
Salaries & Benefits $33,757,933
Fundraising Expenses $0
Program Expenses $415,731,767
Other Expenses $418,168,360
TOTAL EXPENSES $451,926,293

Year-over-Year Comparison

2023 2022 Change
Revenue $466,228,842 $383,562,677 +0.2%
Expenses $451,926,293 $380,664,068 +0.2%
Net Income $14,302,549 $2,898,609 +3.9%
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
6
Independent Members
6
Employees
351
Volunteers
6

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
$3,455,678
Total Directors
7
$710,191
Key Employees
2
$651,947
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
FRANK A CALAMARI BOARD MEMBER, THRU FEB 2023 1.00
Director
$0 $39,285 $710,191
FRANCIS J SERBAROLI ESQ ACTING CHAIR 0.10
Officer Director
$0 $0 $0
MONSIGNOR CHARLES J FAHEY BOARD MEMBER 0.10
Director
$0 $0 $0
JOHN GLEASON BOARD MEMBER 0.10
Director
$0 $0 $0
CLARION E JOHNSON MD BOARD MEMBER 0.10
Director
$0 $0 $0
RICHARD PARK MD BOARD MEMBER 0.10
Director
$0 $0 $0
GT SWEENEY BOARD MEMBER 0.10
Director
$0 $0 $0
SCOTT P LA RUE PRESIDENT/CEO 0.10
Officer
$0 $412,658 $2,053,206
ANNMARIE COVONE EXECUTIVE VP/CFO 0.10
Officer
$0 $309,335 $1,402,472
GUIMEI WU ASST. VP OF CARE MANAGEMENT 35.00
Key Emp
$197,786 $23,556 $221,342
ELIZABETH ROSADO EXECUTIVE DIRECTOR, PACE OPS 35.00
Key Emp
$405,882 $24,723 $430,605
CLAIRE E DAVENPORT SR MEDICAL DIRECTOR THRU OCT. 2023 35.00
Highest
$375,556 $11,514 $387,070
JACQUELINE ADAM-MENARD ASST. VP PACE THRU OCT. 2023 35.00
Highest
$276,960 $11,514 $288,474
DAISY M OTERO PHYSICIAN 35.00
Highest
$238,701 $37,872 $276,573
DEREK D DUNBAR SR. VP OF BUSINESS DEVELOPMENT 35.00
Highest
$0 $80,000 $445,581
VICTOR B FAMA AVP, MANAGED CARE 31.00
Highest
$0 $23,994 $270,865
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 $466,228,842 $451,926,293 $125,273,061 $14,302,549
2022 $383,562,677 $380,664,068 $87,250,011 $2,898,609
2021 $356,229,491 $340,039,466 $69,408,204 $16,190,025
2020 $383,670,415 $376,143,939 $67,797,523 $7,526,476
2019 $429,806,562 $441,306,810 $58,376,577 $-11,500,248
2018 $334,258,794 $337,989,780 $59,130,889 $-3,730,986
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