MORNINGSTAR SENIOR LIVING INC (EIN 222717623) - 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

J DAVID SWARTLEY

Phone

6107461000

Tax Period

2023-07-01 to 2023-12-31

MORNINGSTAR SENIOR LIVING INC, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $17.0M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring.

Mission

MORNINGSTAR SENIOR LIVING PROVIDES HOUSING AND SUPPORTIVE SERVICES TO OLDER ADULTS.

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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 $185,590

Program Service Revenue $15,757,775

Investment Income $784,693

Other Revenue $309,034

TOTAL REVENUE $17,037,092

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,058,283

Fundraising Expenses $56,142

Program Expenses $14,864,539

Other Expenses $8,902,434

TOTAL EXPENSES $17,960,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,037,092	$30,560,952	-0.4%
Expenses	$17,960,717	$34,794,173	-0.5%
Net Income	$-923,625	$-4,233,221	-0.8%

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

586

Volunteers

110

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

$1,120,939

Total Directors

Key Employees

$377,109

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRISTIAN J BROWN RLA CLA ASLA	CHAIR	1.00	Officer Director	$0	$0	$0
RT REV C HOPETON CLENNON	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
TED LEWIS	SECRETARY	1.00	Officer Director	$0	$0	$0
RALPH WANAMAKER JR	TREASURER	1.00	Officer Director	$0	$0	$0
JIM CHRIN	MEMBER	1.00	Director	$0	$0	$0
CYNTHIA DIRENZO	MEMBER	1.00	Director	$0	$0	$0
DEBORAH ESPOSITO	MEMBER	1.00	Director	$0	$0	$0
MELISSA JOHNSON	MEMBER	1.00	Director	$0	$0	$0
CAROLYN KNAUSS	MEMBER	1.00	Director	$0	$0	$0
LINDA MCMEEKIN	MEMBER	1.00	Director	$0	$0	$0
EDWARD NAWROCKI	MEMBER	1.00	Director	$0	$0	$0
DONNA SABOL	MEMBER	1.00	Director	$0	$0	$0
BARBARA SEIFERT-SIGMON	MEMBER	1.00	Director	$0	$0	$0
REV JEFFREY VAN ORDEN	MEMBER	1.00	Director	$0	$0	$0
CHRISTOPHER T HUNT	CHIEF FINANCIAL OFFICER	42.00	Officer	$214,525	$36,267	$250,792
SUSAN C DRABIC	PRESIDENT AND CEO (RETIRED 9/30/23)	50.00	Officer	$365,516	$25,632	$391,148
J DAVID SWARTLEY	CEO	22.50	Officer	$263,190	$18,226	$281,416
SUSAN CAPOBIANCO	EXECUTIVE DIRECTOR	50.00	Officer	$177,461	$20,122	$197,583
BRYNN LEE	CHIEF HR OFFICER	42.00	Key Emp	$155,579	$14,456	$170,035
NANCY BULLIVANT	SR. DIR. OF HEALTH AND WELLNESS, NHA	50.00	Key Emp	$191,202	$15,872	$207,074
MONICA BUSTAMANTE	SR. DIRECTOR OF IT	50.00	Highest	$154,592	$26,224	$180,816
JEANNE MORRIS FRIED	MANAGER OF THERAPY	40.00	Highest	$108,712	$4,527	$113,239
MATTHEW P MATEJCEK	SR. DIR. OF ENVIRONMENTAL SERVICES	40.00	Highest	$108,238	$19,907	$128,145
ALICE DONLAN	DIRECTOR OF THERAPY, ASST NHA	50.00	Highest	$135,849	$21,292	$157,141

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	$30,560,952	$34,794,173	$124,472,119	$-4,233,221
2023	$17,037,092	$17,960,717	$131,652,126	$-923,625
2022	$28,932,979	$32,155,929	$111,906,891	$-3,222,950
2021	$28,200,378	$28,544,972	$108,971,563	$-344,594
2020	$25,062,127	$26,726,247	$108,074,184	$-1,664,120
2019	$23,085,907	$24,214,548	$76,510,510	$-1,128,641
2018	$22,134,158	$22,832,887	$69,741,501	$-698,729

MORNINGSTAR SENIOR LIVING INC