LTC(EDDY) INC (EIN 222564710) - 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

1984

Legal Domicile

Principal Officer

MICHELLE MAZZACCO

Phone

5182713382

Tax Period

2022-07-01 to 2023-06-30

LTC(EDDY) INC, founded in 1984, is a community nonprofit that reported $2.1M in total revenue in fiscal year 2022. Revenue decreased 13% compared to the prior year. The organization ran a surplus of $820K, a strong 39% operating margin.

Mission

TO PROVIDE MANAGEMENT SERVICES TO AFFILIATED ORGANIZATIONS THAT OPERATE SENIOR LIVING COMMUNITIES

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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 (2022)

Revenue Breakdown

Contributions & Grants $1,525,978

Program Service Revenue $0

Investment Income $593,745

Other Revenue $0

TOTAL REVENUE $2,119,723

Expense Breakdown

Grants Paid $943,910

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,291,756

Other Expenses $355,709

TOTAL EXPENSES $1,299,619

Year-over-Year Comparison

	2022	2021	Change
Revenue	$2,119,723	$2,424,551	-0.1%
Expenses	$1,299,619	$1,446,678	-0.1%
Net Income	$820,104	$977,873	-0.2%

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

$3,883,445

Total Directors

$5,227,571

Key Employees

$323,799

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL ISACKSEN	DIR AT 10/22; TRINITY HEALTH CFO	0.10	Director	$0	$328,490	$1,950,338
JAMES REED MD	DIRECTOR, PRESIDENT & CEO THR 12/22	1.00	Officer Director	$0	$125,391	$1,424,370
STEVEN HANKS MD	SPHP COO; DIR, PRES & CEO AT 1/23	0.10	Officer Director	$0	$148,352	$1,029,153
DAWN GEISERT	DIR THR 9/22;TH CHIEF COMPLIANCE OFF	0.10	Director	$0	$153,892	$818,882
GINA MYERS	DIR AS OF 10/22; SJHHC CONSULTANT	0.10	Director	$0	$0	$4,828
ROBERT MCCORMICK	DIRECTOR; CHAIR	0.10	Officer Director	$0	$0	$0
KATHLEEN JIMINO	DIR; V CHR THR 9/22; TREAS AT 10/22	0.10	Officer Director	$0	$0	$0
JOHN MARSHALL	DIRECTOR & VICE CHAIR AS OF 10/22	0.10	Officer Director	$0	$0	$0
MARY ANN LOGIUDICE RSM	DIRECTOR; TREASURER THROUGH 9/22	0.10	Officer Director	$0	$0	$0
GUHA BALA	DIRECTOR	0.10	Director	$0	$0	$0
BARBARA COTTRELL	DIRECTOR THROUGH 9/22	0.20	Director	$0	$0	$0
GARY DAKE	DIRECTOR	0.10	Director	$0	$0	$0
GEORGE HEARST III	DIRECTOR THROUGH 9/22	0.20	Director	$0	$0	$0
LEE MCELROY JR	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL MEATH	DIRECTOR AS OF 10/22	0.10	Director	$0	$0	$0
MERRIETTE POLLARD	DIRECTOR AS OF 10/22	0.10	Director	$0	$0	$0
CURTIS POWELL	DIRECTOR THROUGH 9/22	0.20	Director	$0	$0	$0
KERRI SWEET ZAVAGLIA	DIRECTOR AS OF 10/22	0.10	Director	$0	$0	$0
WILLIAM WILDRIDGE III	DIRECTOR AS OF 10/22	0.10	Director	$0	$0	$0
MICHAEL WOLFF MD	DIRECTOR THROUGH 9/22	0.20	Director	$0	$0	$0
THOMAS ROBERT	VP, CFO & TREASURER - NY REGION	0.10	Officer	$0	$143,208	$826,516
MICHELLE MAZZACCO	EVP, CONTINUING CARE	1.00	Officer	$0	$26,494	$348,962
ROBERT SWIDLER ESQ	SECRETARY; VP LEGAL SERVICES	0.10	Officer	$0	$19,036	$254,444
KRISTIN SIGNOR	CFO, CONTINUING CARE	1.00	Key Emp	$0	$44,742	$323,799
KIM BAKER	FORMER OFFICER; SPHP SVP HOSP OPS	0.00		$0	$102,691	$679,313

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$2,119,723	$1,299,619	$28,259,839	$820,104
2022	$2,424,551	$1,446,678	$29,819,020	$977,873
2021	$2,609,573	$1,232,380	$31,342,013	$1,377,193
2020	$1,851,912	$1,366,987	$28,975,847	$484,925
2019	$2,257,455	$1,305,952	$28,547,581	$951,503
2018	$2,065,209	$858,242	$27,619,510	$1,206,967

LTC(EDDY) INC