Orchard Cove Inc (EIN 223080006) - 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

1990

Legal Domicile

Phone

7818213175

Tax Period

2023-10-01 to 2024-09-30

Orchard Cove Inc, founded in 1990, is a mid-sized nonprofit in the Human Services sector that reported $27.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $25.7M left a modest 8% surplus.

Mission

AS AN AFFILIATE OF HEBREW SENIORLIFE, INC. (HSL) THE MISSION OF ORCHARD COVE, INC. IS TO HONOR OUR ELDERS, AND PROMOTING THEIR INDEPENDENCE, SPIRITUAL VIGOR, BY RESPECTING DIGNITY AND CHOICE, AND RECOGNIZING THAT THEY ARE A RESOURCE TO BE CHERISHED. AS PART OF OUR MISSION, WE ACCEPT SPECIAL RESPONSIBILITY FOR THE FRAILEST AND NEEDIEST MEMBERS OF OUR COMMUNITY WHO ARE MOST DEPENDENT ON OUR CARE. WE SEEK TO FULFILL THIS MISSION BY: PROMOTING OUR PATIENTS AND RESIDENTS' HEALTH AND WELLBEING, HELPING THEM REACH THEIR FULL POTENTIAL FOR ENJOYING LIFE, AND ACHIEVING THE BEST THEY CAN BE IN MIND, BODY, AND SPIRT. STIMULATING THE MIND, BODY, AND SPIRIT BY OFFERING FITNESS PROGRAMS, SOCIAL OPPORTUNITIES, AND ENTERTAINMENT IN OUR LARGE COMMUNITY CENTER. RAISING STANDARDS IN SENIOR HEALTH AND HOUSING THROUGH INNOVATION AND LEADERSHIP.

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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 $96,593

Program Service Revenue $26,671,692

Investment Income $723,869

Other Revenue $404,502

TOTAL REVENUE $27,896,656

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,548,310

Fundraising Expenses $0

Program Expenses $22,176,795

Other Expenses $12,159,796

TOTAL EXPENSES $25,708,106

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,896,656	$25,002,883	+0.1%
Expenses	$25,708,106	$25,939,219	0.0%
Net Income	$2,188,550	$-936,336	-3.3%

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

277

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

$2,569,781

Total Directors

$2,569,781

Key Employees

$4,592,773

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES D HART	SECRETARY & CHIEF FIN. OFFICER	2.0	Officer Director	$0	$82,599	$580,366
LOUIS J WOOLF	PRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO CURRENT)	2.0	Officer Director	$0	$84,903	$1,111,402
MARSHA COHEN	TREASURER	0.1	Officer Director	$0	$0	$0
MELISSA BAYER TEARNEY	BOARD CHAIR (THRU 9/30/23)	0.1	Officer Director	$0	$0	$0
RICHARD J HENKEN	CHAIR ELECT (EFFECTIVE 10/1/23)	0.1	Officer Director	$0	$0	$0
STEVEN LANDERS	PRESIDENT AND CEO (7/2023 - 5/2024)	2.0	Officer Director	$0	$39,841	$878,013
ALINE RUSSOTTO	EXECUTIVE DIRECTOR - ORCHARD COVE	45.0	Key Emp	$252,258	$51,893	$304,151
ERIC ROGERS	CHIEF INFORMATION OFFICER	2.0	Key Emp	$0	$87,189	$438,323
KATELYN QUYNN	CHIEF DEV OFF & VP BOARD REL	2.0	Key Emp	$0	$59,137	$439,718
KATHYRN W TASKER	CHIEF SPONSORED AWARDS OFFICER	1.0	Key Emp	$0	$84,279	$362,109
KIMBERLY J BROOKS	CHIEF OP. OFFICER, SEN LIVING	5.0	Key Emp	$0	$71,184	$446,384
LEWIS LIPSITZ MD	DIR, HMIFAR & CHIEF ACAD. OFF	1.0	Key Emp	$0	$93,718	$509,310
LINDA THOMPSON	CHIEF PEOPLE OFFICER	2.0	Key Emp	$0	$77,367	$432,449
MANDEL I ERNEST MD	CHIEF MEDICAL OFFICER	2.0	Key Emp	$0	$63,347	$437,179
RACHEL LERNER ESQUIRE	GEN. CNSL. & CHIEF COMP. OFF	2.0	Key Emp	$0	$74,001	$465,082
SARAH L SYKORA	CHIEF COMM. & PLAN OFFICER	2.0	Key Emp	$0	$71,659	$381,463
TAMMY B RETALIC MS RN	CHIEF NURSING OFF. & VP PCS	1.0	Key Emp	$0	$80,270	$376,605
CAROLE JOHNSON	VP, FINANCE, SENIOR LIVING	45.0	Highest	$132,076	$69,390	$201,466
DIANE CHISHOLM	DIRECTOR OF NURSING	45.0	Highest	$129,777	$54,845	$184,622
JOHN RALSTON	DIRECTOR, CULINARY	45.0	Highest	$142,351	$46,346	$188,697
REBECCA DONATO	EXECUTIVE DIRECTOR, VITALIZE 360	45.0	Highest	$178,228	$51,557	$229,785
ROB FARIA	DIRECTOR OF FINANCE	45.0	Highest	$105,921	$57,061	$162,982
MARY MOSCATO FACHE	PRESIDENT, HSL HC SVCS. & HRC	1.0		$0	$47,510	$765,256

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	$27,896,656	$25,708,106	$70,356,805	$2,188,550
2023	$25,002,883	$25,939,219	$60,108,744	$-936,336
2022	$25,560,319	$25,259,550	$59,327,885	$300,769
2021	$24,931,454	$24,577,567	$64,325,700	$353,887
2020	$23,522,290	$24,571,821	$40,577,858	$-1,049,531
2019	$23,409,505	$25,002,220	$47,278,226	$-1,592,715
2018	$23,011,928	$23,789,372	$50,345,138	$-777,444

Orchard Cove Inc