BACHARACH INSTITUTE FOR REHABILITATION (EIN 210634964) - 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

1924

Legal Domicile

Principal Officer

BETH HOFFMAN PT MS

Phone

6097485490

Tax Period

2023-01-01 to 2023-12-31

BACHARACH INSTITUTE FOR REHABILITATION, founded in 1924, is a community nonprofit in the Health Care sector that reported $3.5M in total revenue in fiscal year 2023. Revenue fell 90% from the prior year — a significant decline worth monitoring. Expenses of $24.4M exceeded revenue, resulting in a 602% operating deficit.

Mission

RESTORING INDEPENDENCE AND WELL-BEING THROUGH QUALITY, CARING, ADVOCACY AND ACCESSIBLE INTERDISCIPLINARY SERVICES.

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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 $36,049

Program Service Revenue $6,048,632

Investment Income $-2,615,238

Other Revenue $5,815

TOTAL REVENUE $3,475,258

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,184,866

Fundraising Expenses $0

Program Expenses $16,452,580

Other Expenses $7,227,110

TOTAL EXPENSES $24,411,976

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,475,258	$36,292,371	-0.9%
Expenses	$24,411,976	$40,519,000	-0.4%
Net Income	$-20,936,718	$-4,226,629	+4.0%

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

325

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

$1,201,487

Total Directors

$354,159

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CRAIG J ANMUTH DO	MEDICAL DIRECTOR	55.0	Officer	$385,212	$4,594	$389,806
BETH HOFFMAN PT MS	PRESIDENT/CEO	55.0	Officer	$305,929	$35,882	$341,811
WEI XU MD	PHYSIATRIST	55.0	Highest	$205,195	$18,052	$223,247
JEANNE VUKSTA	DIRECTOR OF DECISION SUPPORT	55.0	Highest	$182,597	$36,774	$219,371
SHARRIE RAPAGNA	DIRECTOR PHYSICAL THERAPY	55.0	Highest	$193,592	$8,740	$202,332
SHAWN RYAN	CHIEF FINANCIAL OFFICER	55.0	Officer	$190,178	$7,438	$197,616
JOHN SPERO	IT DIRECTOR	55.0	Highest	$175,655	$21,871	$197,526
JOYCE GLICK	VP FOR AMBULATORY SERVICES	55.0	Highest	$185,218	$10,886	$196,104
DIANE S CROSHAW	TRUSTEE-COO/VP HUMAN RESOURCES	55.0	Officer Director	$161,832	$6,031	$167,863
RICHARD J KATHRINS PHD	TRUSTEE-CHIEF POLICY & REG OFF	1.0	Director	$135,023	$5,494	$140,517
KIMBERLEY CORNELY	CNO/VP PATIENT SERVICES	55.0	Officer	$58,612	$0	$58,612
ROY GOLDBERG	VICE CHAIR - TRUSTEE	1.0	Officer Director	$45,779	$0	$45,779
PHILIP J PERSKIE ESQ	CHAIR - TRUSTEE	1.0	Officer Director	$0	$0	$0
RONALD G ROSSI	SECRETARY - TRUSTEE	1.0	Officer Director	$0	$0	$0
PHILIP DIBERARDINO	TREASURER - TRUSTEE	1.0	Officer Director	$0	$0	$0
ALEX BARRERA	TRUSTEE	1.0	Director	$0	$0	$0
CORNELIUS MCPEAK JR	TRUSTEE	1.0	Director	$0	$0	$0
TOM BALLANCE	TRUSTEE (TERM 6/23)	1.0	Director	$0	$0	$0
DAVID BLECKER MD	TRUSTEE (TERM 6/23)	1.0	Director	$0	$0	$0
DAVID COSKEY	TRUSTEE (TERM 6/23)	1.0	Director	$0	$0	$0
MICHAEL FEDORKO	TRUSTEE (TERM 6/23)	1.0	Director	$0	$0	$0
FRANCIS X FEE	TRUSTEE (TERM 6/23)	1.0	Director	$0	$0	$0
EDWARD KLINE	TRUSTEE (TERM 6/23)	1.0	Director	$0	$0	$0
ELLIOT M KRAUS MD	TRUSTEE-Md STAFF PRS(TERM6/23)	1.0	Director	$0	$0	$0
ROSALIND KRAUSE	TRUSTEE (TERM 6/23)	1.0	Director	$0	$0	$0
JAMES G LOWE MD	TRUSTEE (TERM 6/23)	1.0	Director	$0	$0	$0
ROBERT MAIRONE	TRUSTEE (TERM 6/23)	1.0	Director	$0	$0	$0
LAWRENCE J NAAME MD	TRUSTEE (TERM 6/23)	1.0	Director	$0	$0	$0

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	$3,475,258	$24,411,976	$38,982,962	$-20,936,718
2022	$36,292,371	$40,519,000	$63,238,067	$-4,226,629
2021	$36,251,929	$39,219,329	$75,857,509	$-2,967,400
2020	$36,018,555	$45,161,069	$78,385,042	$-9,142,514
2019	$49,882,526	$54,429,497	$79,486,012	$-4,546,971
2018	$50,304,769	$53,073,222	$77,965,568	$-2,768,453

BACHARACH INSTITUTE FOR REHABILITATION