MISERICORDIA CONVALESCENT HOME

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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

1943

Legal Domicile

Principal Officer

MARION BITTNER

Phone

7177551964

Tax Period

2024-01-01 to 2024-12-31

MISERICORDIA CONVALESCENT HOME, founded in 1943, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $7.2M left a modest 12% surplus.

Mission

TO PROVIDE A NURSING FACILITY THAT OFFERS BOTH SKILLED AND INTERMEDIATE NURSING CARE, AS WELL AS RESTORATIVE NURSING PROGRAMS. TO PROVIDE EACH RESIDENT WITH A COMPREHENSIVE PLAN OF CARE TO MEET THEIR PHYSICAL, SOCIAL, EMOTIONAL, AND SPIRITUAL NEEDS.

Program Service Accomplishments

Program 1

Expenses: $6,033,489 Revenue: $7,425,283

PROVIDE A NURSING FACILITY THAT OFFERS BOTH SKILLED AND INTERMEDIATE CARE, AS WELL AS RESTORATIVE NURSING PROGRAMS AND THERAPY SESSIONS FOR PHYSICAL, OCCUPATIONAL AND SPEECH. IN THE CURRENT YEAR...

PROVIDE A NURSING FACILITY THAT OFFERS BOTH SKILLED AND INTERMEDIATE CARE, AS WELL AS RESTORATIVE NURSING PROGRAMS AND THERAPY SESSIONS FOR PHYSICAL, OCCUPATIONAL AND SPEECH. IN THE CURRENT YEAR, THERE WERE 50 BEDS COMPRISED OF 12 PRIVATE ROOMS AND 19 SEMI-PRIVATE ROOMS WITH AN AVERAGE OCCUPANCY OF 92.2%. THE HOME HAS DEFINED CHARITY CARE AS THE AMOUNT OF HEALTH CARE SERVICES PROVIDED FOR WHICH THEY NEVER EXPECTED TO RECEIVE THE STANDARD CHARGES FOR THOSE SERVICES. THE CHARITY CARE AMOUNT IS CALCULATED BASED ON THE COST OF MEDICAID RESIDENTS, OBTAINED FROM THE MOST RECENT COST REPORT, AND AVERAGE CENSUS. THE NET CHARITY CARE AMOUNT IS NET OF DAILY REIMBURSED RATES AND OTHER REVENUE RECEIVED. CHARITY CARE, AS DEFINED BY THE HOME, AMOUNTED TO APPROXIMATELY $433,000 FOR THE YEAR ENDED DECEMBER 31, 2024.

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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 (2024)

Revenue Breakdown

Contributions & Grants $300,970

Program Service Revenue $7,425,283

Investment Income $418,047

Other Revenue $12,225

TOTAL REVENUE $8,156,525

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,411,481

Fundraising Expenses $67,815

Program Expenses $6,033,489

Other Expenses $2,749,233

TOTAL EXPENSES $7,215,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$8,156,525	$6,508,539	+0.3%
Expenses	$7,215,714	$5,951,128	+0.2%
Net Income	$940,811	$557,411	+0.7%

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

150

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

$180,700

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SISTER M AMBROGINA ALDENI DM	BOARD PRESIDENT	1.00	Officer Director	$0	$0	$0
SISTER MARGARET CURCIO DM	BOARD OF TRUSTEES	1.00	Director	$0	$0	$0
SISTER MARY DAMIAN ASSI DM	BOARD OF TRUSTEES	50.00	Director	$0	$0	$0
SISTER CLAUDIA MAURI DM	BOARD OF TRUSTEES (START 9/24)	12.00	Director	$0	$0	$0
SISTER EILEEN MARIE MCGOWAN DM	BOARD OF TRUSTEES (TILL 9/24)	1.00	Director	$0	$0	$0
SISTER M JUDITH TAROZZI DM	BOARD OF TRUSTEES (TILL 9/24)	6.00	Director	$0	$0	$0
STEVEN BARLEY	BOARD OF TRUSTEES (START 9/24)	1.00	Director	$0	$0	$0
MARCI REIHART	BOARD OF TRUSTEES (START 9/24)	5.00	Director	$0	$0	$0
TIMOTHY TATE	BOARD OF TRUSTEES (START 9/24)	1.00	Director	$0	$0	$0
DELAINE TOERPER	BOARD OF TRUSTEES (START 9/24)	1.00	Director	$0	$0	$0
GEORGE SHORB	BOARD OF TRUSTEES (START 9/24)	1.00	Director	$0	$0	$0
MARION BITTNER	SECRETARY AND TREASURER	60.00	Officer	$160,337	$20,363	$180,700
TANAIRI AIREY	RN HOUSE SUPERVISOR	48.00	Highest	$161,871	$9,353	$171,224

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	$8,156,525	$7,215,714	$14,209,357	$940,811
2023	$6,508,539	$5,951,128	$13,470,088	$557,411
2022	$7,178,866	$6,093,901	$12,905,063	$1,084,965
2021	$5,846,323	$5,871,224	$12,242,466	$-24,901
2020	$5,675,721	$5,996,520	$12,857,209	$-320,799
2019	$6,362,248	$5,866,218	$12,930,089	$496,030
2018	$6,032,635	$5,371,655	$14,138,443	$660,980