LORETTO MANAGEMENT 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

1988

Legal Domicile

Principal Officer

JOHN G MURRAY

Phone

3154695570

Tax Period

2023-01-01 to 2023-12-31

LORETTO MANAGEMENT CORPORATION, founded in 1988, is a mid-sized nonprofit in the Health Care sector that reported $28.5M in total revenue in fiscal year 2023.

Mission

TO ADVISE AND ASSIST RELATED ORGANIZATIONS IN THE PLANNING AND COORDINATING OF ACTIVITIES FOR THE DELIVERY OF SERVICES TO ADVANCE THE HEALTH, HOUSING, AND WELFARE OF THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $7,254,166 Revenue: $10,232,163

TO PROVIDE FOOD AND FOOD SERVICE TO NURSING HOMES AND OTHER HEALTH CARE RELATED ENTITIES.

Program 2

Expenses: $11,776,018 Revenue: $15,486,846

THE ORGANIZATION PROVIDES SERVICES IN THE AREAS OF HUMAN RESOURCES, FINANCE, INFORMATION TECHNOLOGY AND ADMINISTRATION, AS WELL AS MEDICAL RECORDS MANAGMENT.

Program 3

Expenses: $546,012 Revenue: $899,890

THE ORGANIZATION PROVIDES HEALTHCARE & NUTRITION SERVICES TO RELATED & UNRELATED ORGANIZATIONS

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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 $0

Program Service Revenue $26,628,499

Investment Income $0

Other Revenue $1,850,155

TOTAL REVENUE $28,478,654

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,351,415

Fundraising Expenses $0

Program Expenses $20,838,991

Other Expenses $11,632,806

TOTAL EXPENSES $29,984,221

Year-over-Year Comparison

	2023	2022	Change
Revenue	$28,478,654	$26,904,550	+0.1%
Expenses	$29,984,221	$28,010,824	+0.1%
Net Income	$-1,505,567	$-1,106,274	+0.4%

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

N/A

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

$1,080,585

Total Directors

Key Employees

$1,089,025

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MCCABE	BOARD MEMBER, CHAIR	1.00	Officer Director	$0	$0	$0
ROBERT J MARZELLA	BOARD MEMBER, VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN R BRENNAN	BOARD MEMBER, SECRETARY	1.00	Officer Director	$0	$0	$0
VICKI O'NEILL	BOARD MEMBER	1.00	Director	$0	$0	$0
PIERRE MORRISSEAU	BOARD MEMBER	1.00	Director	$0	$0	$0
ELIZABETH QUILTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHRISTINE WOODCOCK DETTOR	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHELE JONES GALVIN	BOARD MEMBER	1.00	Director	$0	$0	$0
JAY SUBEDI	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVIN BRYANS	BOARD MEMBER	1.00	Director	$0	$0	$0
GWEN WEBBER-MCLEOD	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN J KINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
SAM CARELLO	BOARD MEMBER	1.00	Director	$0	$0	$0
CRAIG LUCE	BOARD MEMBER	1.00	Director	$0	$0	$0
PETER MUSERLIAN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHANIE CROCKETT	BOARD MEMBER	1.00	Director	$0	$0	$0
JOHN MURRAY	CFO	1.00	Officer	$0	$0	$305,507
KIMBERLY TOWNSEND	PRESIDENT	1.00	Officer	$0	$0	$775,078
BRANDON CLAPS	CIO	1.00	Key Emp	$0	$0	$210,362
JENNIFER INGERSON	VP OF HOUSING	1.00	Key Emp	$0	$0	$202,284
JOELLE MARGREY	CNO	1.00	Key Emp	$0	$0	$241,541
JULIE SHEEDY	CHIEF MARKETING AND ENGAGEMENT OFFICER	1.00	Key Emp	$0	$0	$240,026
STEPHANIE BUTTON	VP OF LORETTO INDEPENDENT LIVING SERVICES, INC.	1.00	Key Emp	$0	$0	$194,812
HOLLY HOEHNER	VP GENERAL COUNSEL	1.00	Highest	$0	$0	$272,837
DAVID HEISIG	MEDICAL DIRECTOR	0.00	Highest	$0	$0	$274,997
LORI SAKALAS	FORMER CHIEF OPERATING OFFICER	1.00		$0	$0	$159,716

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	$28,478,654	$29,984,221	$32,641,623	$-1,505,567
2022	$26,904,550	$28,010,824	$47,134,372	$-1,106,274
2021	$24,402,179	$25,232,697	$57,323,292	$-830,518
2020	$27,327,092	$26,773,390	$52,862,790	$553,702