RUMFORD COMMUNITY HOME CORPORATION

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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

1987

Legal Domicile

Principal Officer

STEVE LITTLESON

Phone

2077952813

Tax Period

2023-07-01 to 2024-06-30

RUMFORD COMMUNITY HOME CORPORATION, founded in 1987, is a community nonprofit in the Health Care sector that reported $5.8M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year. Expenses of $6.9M exceeded revenue, resulting in a 19% operating deficit.

Mission

RUMFORD COMMUNITY HOME, A RESIDENTIAL AND LONG TERM CARE SETTING, IS DEDICATED TO PROVIDING EXCELLENCE IN QUALITY OF LIFE AND QUALITY OF CARE THAT EXCEEDS THE EXPECTATIONS OF THE RESIDENTS WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $5,880,593 Revenue: $5,547,017

RUMFORD COMMUNITY HOME CORPORATION PROVIDES SKILLED NURSING CARE TO RESIDENTS OF THE CENTRAL MAINE REGION. ITS 85 BEDS ALSO INCLUDE REHABILITATION, RESIDENTIAL CARE, LONG TERM CARE, AND A SPECIALIZED...

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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 $261,752

Program Service Revenue $5,547,017

Investment Income $1,185

Other Revenue $0

TOTAL REVENUE $5,809,954

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,256,176

Fundraising Expenses $0

Program Expenses $5,880,593

Other Expenses $1,681,169

TOTAL EXPENSES $6,937,345

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,809,954	$6,634,311	-0.1%
Expenses	$6,937,345	$7,232,095	0.0%
Net Income	$-1,127,391	$-597,784	+0.9%

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

129

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

$2,355,104

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICHARD LOVEJOY	CHAIR	1.00	Officer Director	$0	$0	$0
BARBARA BELANGER	DIRECTOR	1.00	Director	$0	$0	$0
DEVORE CULVER	DIRECTOR	1.00	Director	$0	$0	$0
JOLAN IPPOLITO	DIRECTOR	1.00	Director	$0	$0	$0
JANET KOSKI	DIRECTOR	1.00	Director	$0	$0	$0
LINDA PEPIN	DIRECTOR	1.00	Director	$0	$0	$0
STEVE LITTLESON	PRESIDENT CMMC/CMHC	3.00	Officer	$0	$228,295	$1,399,269
DAVID PAULOSKY	TREASURER	3.00	Officer	$0	$81,466	$637,707
ELIZABETH SHEW	SECRETARY	3.00	Officer	$0	$32,754	$318,128
DEBBIE NASH	RN	40.00	Highest	$242,774	$0	$242,774
KAREN MELIA	RN	40.00	Highest	$173,064	$0	$173,064
STEPHANIE BURROWS	ADMINISTRATOR	55.00	Highest	$119,306	$24,799	$144,105
ROBERT HEIKKINEN	MEDICATION AIDE	40.00	Highest	$119,727	$6,640	$126,367
HEIDI PERRY	RN	40.00	Highest	$101,309	$7,439	$108,748

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	$5,809,954	$6,937,345	$2,525,925	$-1,127,391
2023	$6,634,311	$7,232,095	$3,866,327	$-597,784
2022	$5,604,356	$6,277,492	$4,209,781	$-673,136
2021	$5,423,127	$5,354,991	$5,203,467	$68,136
2020	$5,142,549	$5,053,121	$2,667,274	$89,428
2019	$5,361,343	$4,976,964	$2,867,791	$384,379
2018	$4,967,116	$4,795,957	$2,259,351	$171,159