Margaretville Nursing Home Inc

EIN: 223143565 501(c)(3) Health Care

MARGARETVILLE, NY

Total Revenue
$3,659,479
Total Expenses
$9,490,796
Total Assets
$3,734,207
Net Assets
$-2,267,853
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
NY
Phone
8459436084
Tax Period
2023-01-01 to 2023-12-31

Margaretville Nursing Home Inc, founded in 1991, is a community nonprofit in the Health Care sector that reported $3.7M in total revenue in fiscal year 2023. Revenue decreased 19% compared to the prior year. Expenses of $9.5M exceeded revenue, resulting in a 159% operating deficit.

Mission

TO OPERATE A LONG-TERM CARE FACILITY ORGANIZED TO SERVE THE AGED, DISABLED AND CHRONICALLY IMPAIRED PERSONS OF THE COMMUNITY WE SERVE.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $71,080
Program Service Revenue $3,568,775
Investment Income $6,418
Other Revenue $13,206
TOTAL REVENUE $3,659,479

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,156,714
Fundraising Expenses $0
Program Expenses $7,099,624
Other Expenses $4,334,082
TOTAL EXPENSES $9,490,796

Year-over-Year Comparison

2023 2022 Change
Revenue $3,659,479 $4,496,368 -0.2%
Expenses $9,490,796 $10,880,776 -0.1%
Net Income $-5,831,317 $-6,384,408 -0.1%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
13
Employees
90
Volunteers
2

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
$1,733,526
Total Directors
17
$2,707,627
Key Employees
2
$907,688
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A EXECUTIVE DIRECTOR (resigned 12/23) 9.7
Officer Director
$0 $60,692 $291,072
N/A CEO (EFFECTIVE 6/23) 1.0
Officer Director
$0 $80,777 $1,259,034
N/A BOARD CHAIR 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $63,744 $520,295
N/A TRUSTEE (EFFECTIVE 3/23) 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE/VICE CHAIR 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A SECRETARY 1.0
Director
$0 $0 $0
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A EXEC DIR/CMO 2.0
Director
$0 $8,814 $637,226
N/A TRUSTEE 1.0
Director
$0 $0 $0
N/A FACILITY ADMINISTRATOR 29.7
Officer
$0 $27,052 $183,420
N/A COO-NORTHERN REGION 2.0
Key Emp
$0 $31,044 $477,930
N/A REGIONAL VICE PRESIDENT, NURSE EXECUTIVE 5.0
Key Emp
$0 $67,556 $429,758
N/A DEPARTMENT HEAD 40.0
Highest
$118,630 $26,767 $145,397
N/A DIRECTOR CASE MANAGEMENT 40.0
Highest
$119,215 $26,064 $145,279
N/A REGISTERED NURSE 40.0
Highest
$126,047 $459 $126,506
N/A REGISTERED NURSE 40.0
Highest
$151,042 $16,862 $167,904
N/A CERTIFIED NURSING ASSISTANT 40.0
Highest
$111,961 $26,968 $138,929
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 $3,659,479 $9,490,796 $3,734,207 $-5,831,317
2022 $4,496,368 $10,880,776 $3,923,923 $-6,384,408
2021 $6,237,023 $9,217,772 $4,523,054 $-2,980,749
2020 $7,428,074 $8,122,242 $5,992,369 $-694,168
2019 $6,874,832 $8,754,167 $4,587,148 $-1,879,335
2018 $6,870,798 $8,240,360 $4,367,477 $-1,369,562
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