SISTERS OF PROVIDENCE CARE CENTERS… - Form 990 Financial Data

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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

1991

Legal Domicile

Principal Officer

DEBORAH BITSOLI

Phone

8607144000

Tax Period

2018-07-01 to 2019-06-30

SISTERS OF PROVIDENCE CARE CENTERS INC, founded in 1991, is a community nonprofit that reported $4.5M in total revenue in fiscal year 2018. Revenue fell 66% from the prior year — a significant decline worth monitoring.

Mission

WE, TRINITY HEALTH OF NEW ENGLAND AND TRINITY HEALTH, SERVE TOGETHER IN THE SPIRIT OF THE GOSPEL AS A COMPASSIONATE AND TRANSFORMING HEALING PRESENCE WITHIN OUR COMMUNITIES. THE SISTERS OF PROVIDENCE CARE CENTERS IS A MEMBER OF TRINITY HEALTH OF NEW ENGLAND AND TRINITY HEALTH.

Program Service Accomplishments

Program 1

Expenses: $3,988,491 Revenue: $4,532,471

THE FACILITIES AND SERVICES OF THE SISTERS OF PROVIDENCE CARE CENTERS ARE LOCATED IN THE HOLYOKE AND SPRINGFIELD, MA AREA. THE CARE CENTERS INCLUDE TWO SKILLED NURSING FACILITIES, TWO ASSISTED LIVING CENTERS, MERCY HOSPICE CARE AND AN ADULT DAY HEALTH PROGRAM. DURING FISCAL YEAR 2018, THE OPERATIONS OF THE CARE CENTERS WERE TRANSFERRED TO RELATED CHARITABLE ORGANIZATIONS TO CARRY ON ITS MISSION. FOR ADDITIONAL INFORMATION ON FACILITIES AND SERVICES, PLEASE VISIT OUR WEBSITE AT: WWW.MERCYCARES.COM/CONTINUING-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 $0

Program Service Revenue $4,780

Investment Income $0

Other Revenue $4,527,691

TOTAL REVENUE $4,532,471

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,526,830

Fundraising Expenses $0

Program Expenses $3,988,491

Other Expenses $4,930

TOTAL EXPENSES $4,531,760

Year-over-Year Comparison

	2018	2017	Change
Revenue	$4,532,471	$13,427,216	-0.7%
Expenses	$4,531,760	$13,389,021	-0.7%
Net Income	$711	$38,195	-1.0%

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

562

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

$1,527,376

Total Directors

$1,169,815

Key Employees

$513,958

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK FULCO	DIRECTOR; PRESIDENT	1.00	Officer Director	$0	$46,336	$553,845
PAUL MANCINONE	DIR; V CHAIR THRU AND CHAIR AT 11/18	1.00	Officer Director	$0	$0	$0
DEAN WHALEN	DIRECTOR; CHAIR THROUGH 11/18	1.00	Officer Director	$0	$0	$0
PAUL MARCHESE	DIRECTOR; VICE CHAIR AS OF 1/19	1.00	Officer Director	$0	$0	$0
WILLIAM SILVANIC	DIRECTOR; SECRETARY	1.00	Officer Director	$0	$0	$0
MARY GEARY CARITAS SP	DIRECTOR	1.00	Director	$0	$0	$0
RUTH MCGOLDRICK SP	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL MORRISON MD	DIRECTOR; PRES MERCY HOSP MED STAFF	1.00	Director	$0	$35,489	$615,970
JOHN SJOBERG	DIRECTOR THROUGH 4/19	1.00	Director	$0	$0	$0
MICHELLE THEROUX	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL KEENAN	ASST. SEC; SVP GOV'T RELATIONS	1.00	Officer	$0	$44,619	$380,935
JAMES HARRIS	ASST TREAS; TH OF NE DIR OF REIMB	1.00	Officer	$0	$37,932	$259,461
DEAN VITARISI	TREASURER & VP FINANCE THROUGH 3/19	1.00	Officer	$0	$43,368	$333,135
DANIEL JANICAK	INTERIM VP FINANCE AS OF 5/19	1.00	Officer	$0	$0	$0
STUART ROSENBERG	VP OPERATIONS AT 1/19; JMH PRESIDENT	1.00	Key Emp	$0	$77,702	$513,958
ERIKO UMANA	ADMINISTRATOR	40.00	Highest	$132,842	$30,605	$163,447
PATRICK ARGUIN	TRINITY HEALTH SENIOR CARE GUIDE	40.00	Highest	$120,870	$29,171	$150,041
LYNN RODA	DIRECTOR NURSING III	40.00	Highest	$107,249	$30,174	$137,423
RICHARD PELLAND	EXECUTIVE DIRECTOR	40.00	Highest	$105,165	$18,214	$123,379
LORI HANNAH	CLINICAL ADMINISTRATOR	40.00	Highest	$103,416	$19,308	$122,724
LEONARD PANSA	FORMER KE; TH OF NE REG CHRO & SVP	1.00		$0	$33,126	$557,128
DANIEL MOEN	FORMER OFFICER; SFMC TREN PRES/CEO	0.00		$0	$46,595	$663,234
SCOTT WOLF	FORMER OFFICER	0.00		$0	$7,299	$246,710
THOMAS ROBERT	FORMER OFFICER; SPHP TREAS & CFO	0.00		$0	$119,309	$634,507
BETH O'BRIEN	FORMER OFFICER	0.00		$0	$225,136	$693,255
CHARLES FLINN	FORMER KEY EMPLOYEE	0.00		$0	$4,235	$395,504
CHRISTOPHER MCLAUGHLIN	FORMER KEY EMPLOYEE	0.00		$0	$17,726	$296,483

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	$4,532,471	$4,531,760	$711	$711
2018	$13,427,216	$13,389,021	$3,671,770	$38,195

SISTERS OF PROVIDENCE CARE CENTERS INC