THE HIGHLANDS LIVING CENTER INC

EIN: 223240227 501(c)(3) Health Care

PITTSFORD, NY

Total Revenue
$13,833,848
Total Expenses
$16,113,377
Total Assets
$6,330,085
Net Assets
$966,412
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1997
Legal Domicile
NY
Principal Officer
CARRIE FULLER-SPENCER
Phone
5853890988
Tax Period
2023-01-01 to 2023-12-31

THE HIGHLANDS LIVING CENTER INC, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $13.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $16.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE A CARING, COMPASSIONATE AND QUALITY-FOCUSED LIVING ENVIRONMENT IN A 122 BED SKILLED-NURSING FACILITY.

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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 $9,043
Program Service Revenue $13,824,805
Investment Income $0
Other Revenue $0
TOTAL REVENUE $13,833,848

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,721,849
Fundraising Expenses $0
Program Expenses $15,334,261
Other Expenses $5,391,528
TOTAL EXPENSES $16,113,377

Year-over-Year Comparison

2023 2022 Change
Revenue $13,833,848 $12,337,666 +0.1%
Expenses $16,113,377 $15,574,985 +0.0%
Net Income $-2,279,529 $-3,237,319 -0.3%
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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Governance

Voting Members
8
Independent Members
6
Employees
296
Volunteers
6

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
$2,521,687
Total Directors
8
$571,675
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL P RIORDAN BOARD CHAIR 1.00
Officer Director
$0 $0 $0
ELIZABETH G GARRETT BOARD MEMBER 1.00
Director
$0 $0 $0
WILLIAM J HALL MD BOARD MEMBER 1.00
Director
$0 $321 $321
ROBERT LATELLA BOARD MEMBER 1.00
Director
$0 $0 $0
ROBBIE MAGEE BOARD MEMBER 1.00
Director
$0 $0 $0
GERALD VAN STRYDONK BOARD MEMBER 1.00
Director
$0 $0 $0
ROBERT MCCANN MD BOARD MEMBER 1.00
Director
$0 $69,444 $571,354
VALERIE C BENJAMIN BOARD MEMBER 1.00
Director
$0 $0 $0
STEVEN I GOLDSTEIN PRESIDENT 1.00
Officer
$0 $214,557 $1,848,105
CARRIE FULLER-SPENCER ASSOCIATE VP & CFO 1.00
Officer
$0 $90,963 $673,582
SAM BUSARI ADMINISTRATOR 45.00
Highest
$135,781 $0 $135,781
ELIZABETH ODERA NURSE SUPERVISIOR 40.00
Highest
$158,105 $0 $158,105
TISHYRA GRIFFIN LPN 40.00
Highest
$148,559 $0 $148,559
ARDIS ISREAL LPN 40.00
Highest
$132,246 $16,232 $148,478
SABA GEBREAMLAK ASSISTANT NURSE MANAGER 40.00
Highest
$129,078 $1,405 $130,483
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 $13,833,848 $16,113,377 $6,330,085 $-2,279,529
2022 $12,337,666 $15,574,985 $6,232,927 $-3,237,319
2021 $13,351,388 $14,741,763 $6,582,771 $-1,390,375
2020 $14,994,756 $14,506,520 $7,198,290 $488,236
2019 $13,163,609 $14,634,126 $7,649,331 $-1,470,517
2018 $13,326,931 $13,394,316 $7,863,009 $-67,385
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