HEATH VILLAGE INC (EIN 221717575) - 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

1962

Legal Domicile

Principal Officer

MARY ELLEN BOVE

Phone

9088524801

Tax Period

2024-07-01 to 2025-06-30

HEATH VILLAGE INC, founded in 1962, is a mid-sized nonprofit in the Human Services sector that reported $35.0M in total revenue in fiscal year 2024. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

RETIREMENT COMMUNITY OFFERING INDEPENDENT LIVING, RESIDENTIAL HEALTHCARE, & SKILLED NURSING 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 (2024)

Revenue Breakdown

Contributions & Grants $276,251

Program Service Revenue $33,943,183

Investment Income $469,028

Other Revenue $348,504

TOTAL REVENUE $35,036,966

Expense Breakdown

Grants Paid $10,002

Salaries & Benefits $20,428,138

Fundraising Expenses $9,658

Program Expenses $32,508,115

Other Expenses $17,400,637

TOTAL EXPENSES $37,838,777

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,036,966	$31,411,339	+0.1%
Expenses	$37,838,777	$35,429,115	+0.1%
Net Income	$-2,801,811	$-4,017,776	-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

491

Volunteers

158

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

$976,252

Total Directors

Key Employees

$258,960

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL MCKINNEY	CHAIR	0.25	Officer Director	$0	$0	$0
TIMOTHY STEWART	VICE CHAIR	0.25	Officer Director	$0	$0	$0
HAROLD S LAPPIN	SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
WILLARD BLASKOPF	TRUSTEE RESIDENT REP.	0.25	Director	$0	$0	$0
PETER R VAN BRUNT	TRUSTEE	0.25	Director	$0	$0	$0
ROBERT GALLAGHER	TRUSTEE	0.25	Director	$0	$0	$0
L ALLISON GARDE	TRUSTEE	0.25	Director	$0	$0	$0
HERBERT KORTE	TRUSTEE ( TO 09/10/24)	0.25	Director	$0	$0	$0
MARY ELLEN BOVE	CEO/EXECUTIVE DIRECTOR	40.00	Officer	$536,151	$172,828	$708,979
ANTHONY PUCCIO	CHIEF FINANCIAL OFFICER	40.00	Officer	$239,161	$28,112	$267,273
VIVIAN BLANDURA	ADMINISTRATOR	40.00	Key Emp	$230,608	$28,352	$258,960
PAMELA ALVAREZ	DIRECTOR OF NURSING	40.00	Highest	$121,364	$26,660	$148,024
DIANE ANTLEY	PHYSICAL THERAPIST	40.00	Highest	$117,827	$13,806	$131,633
VIANCA BLANDURA	RN SUPERVISOR	40.00	Highest	$119,287	$660	$119,947
MARIE IGOT	OCCUPATIONAL THERAPIST	40.00	Highest	$115,929	$26,942	$142,871
KELLY STILES	DIRECTOR OF HR	40.00	Highest	$117,916	$14,796	$132,712

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
2025	$35,036,966	$37,838,777	$94,999,926	$-2,801,811
2024	$31,411,339	$35,429,115	$91,595,932	$-4,017,776
2023	$28,712,040	$32,382,163	$93,066,316	$-3,670,123
2022	$27,695,457	$30,183,415	$93,905,009	$-2,487,958
2021	$28,973,639	$30,564,127	$101,050,879	$-1,590,488
2020	$27,265,943	$26,055,892	$102,838,038	$1,210,051
2019	$27,142,075	$25,215,042	$73,657,057	$1,927,033
2018	$27,555,100	$24,439,358	$56,486,540	$3,115,742

HEATH VILLAGE INC