CORNWALL MANOR

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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

1949

Legal Domicile

Principal Officer

HARRY MCCONNELL

Phone

7172732647

Tax Period

2023-01-01 to 2023-12-31

CORNWALL MANOR, founded in 1949, is a mid-sized nonprofit in the Human Services sector that reported $35.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $33.2M left a modest 7% surplus.

Mission

CORNWALL MANOR OFFERS DIVERSIFIED AND HIGH QUALITY HOUSING, HEALTH CARE AND RELATED SERVICES FOR INDIVIDUALS TO ACHIEVE A RETIREMENT AND AGING LIFESTYLE THEY FIND FULFILLING IN A SECURE, CARING AND CHRISTIAN ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $11,395,875 Revenue: $13,510,747

CORNWALL MANOR OPERATES A 96 BED SKILLED NURSING FACILITY. CORNWALL MANOR PARTICIPATES IN BOTH THE MEDICARE AND MEDICAID PROGRAMS. DURING 2023, CORNWALL MANOR PROVIDED 32,397 DAYS OF CARE OF WHICH...

CORNWALL MANOR OPERATES A 96 BED SKILLED NURSING FACILITY. CORNWALL MANOR PARTICIPATES IN BOTH THE MEDICARE AND MEDICAID PROGRAMS. DURING 2023, CORNWALL MANOR PROVIDED 32,397 DAYS OF CARE OF WHICH 1,899 WERE MEDICARE AND 9,820 WERE MEDICAID COVERED. CORNWALL MANOR PROVIDED BENEVOLENT CARE TO 37 INDIVIDUALS TOTALING $1,883,083. CORNWALL MANOR BELIEVES THAT PROVIDING BENEVOLENT CARE IS PART OF ITS MISSION.

Program 2

Expenses: $2,355,714 Revenue: $2,792,893

CORNWALL MANOR HAS 36 PERSONAL CARE UNITS, AND IS LICENSED FOR 45. THERE ARE A MIX OF ALCOVES AND SUITES. RESIDENTS RECEIVE THREE MEALS A DAY AND LIMITED NURSING CARE. DURING 2023, CORNWALL MANOR...

CORNWALL MANOR HAS 36 PERSONAL CARE UNITS, AND IS LICENSED FOR 45. THERE ARE A MIX OF ALCOVES AND SUITES. RESIDENTS RECEIVE THREE MEALS A DAY AND LIMITED NURSING CARE. DURING 2023, CORNWALL MANOR PROVIDED 12,096 DAYS OF CARE. CORNWALL MANOR PROVIDED BENEVOLENT CARE IN THE AMOUNT OF $239,132 TO 5 RESIDENTS DURING 2023. THERE IS NO OUTSIDE FINANCIAL HELP AVAILABLE TO RESIDENTS WHO HAVE LIMITED RESOURCES. CORNWALL MANOR'S BOARD HAS ESTABLISHED A BENEVOLENT CARE POLICY THAT ADDRESSES LIMITED FINANCES AND IS CONSISTENT WITH OUR MISSION OF PROVIDING QUALITY CARE IN A CHRISTIAN ENVIRONMENT.

Program 3

Expenses: $13,858,041 Revenue: $16,429,847

CORNWALL MANOR HAS 343 RESIDENTIAL LIVING UNITS. THEY VARY FROM ONE TO THREE BEDROOM APARTMENTS AND HOUSES. THEY OFFER A VARIETY OF ENTRANCE FEES AND MONTHLY FEES. BY OFFERING A VARIETY OF OPTIONS...

CORNWALL MANOR HAS 343 RESIDENTIAL LIVING UNITS. THEY VARY FROM ONE TO THREE BEDROOM APARTMENTS AND HOUSES. THEY OFFER A VARIETY OF ENTRANCE FEES AND MONTHLY FEES. BY OFFERING A VARIETY OF OPTIONS, WE CAN OFFER A SECURE AND CARING LIFESTYLE TO A GREATER NUMBER OF PEOPLE. CORNWALL MANOR PROVIDED BENEVOLENT CARE TO 5 INDIVIDUALS IN INDEPENDENT LIVING DURING 2023. THERE IS NO OUTSIDE FINANCIAL HELP AVAILABLE TO RESIDENTS WHO HAVE LIMITED RESOURCES. CORNWALL MANOR'S BOARD HAS ESTABLISHED A BENEVOLENT CARE POLICY THAT ADDRESSES LIMITED FINANCES AND IS CONSISTENT WITH OUR MISSION OF PROVIDING QUALITY CARE IN A CHRISTIAN ENVIRONMENT.

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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 $733,101

Program Service Revenue $32,733,487

Investment Income $2,118,733

Other Revenue $293,381

TOTAL REVENUE $35,878,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,953,764

Fundraising Expenses $331,267

Program Expenses $27,609,630

Other Expenses $15,236,960

TOTAL EXPENSES $33,190,724

Year-over-Year Comparison

	2023	2022	Change
Revenue	$35,878,702	$32,034,552	+0.1%
Expenses	$33,190,724	$30,148,357	+0.1%
Net Income	$2,687,978	$1,886,195	+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

428

Volunteers

352

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

$1,388,245

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV DR JEFFREY A RAFFAUF	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
TIMOTHY SHEFFEY	CHAIRPERSON (UNTIL 07/23)	2.00	Officer Director	$0	$0	$0
MARK OLSON	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
DIANE B GRIFFITHS	SECRETARY	2.00	Officer Director	$0	$0	$0
DANNY VAN GERPEN	TRUSTEE	2.00	Director	$0	$0	$0
MICHELLE CALVERT	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS I SIEGEL	TRUSTEE	2.00	Director	$0	$0	$0
LYNN G PHILLIPS	TRUSTEE	2.00	Director	$0	$0	$0
ELLEN ARNOLD	TRUSTEE	2.00	Director	$0	$0	$0
REV DR ROBERT HOFFMAN	TRUSTEE	2.00	Director	$0	$0	$0
WILLIAM BRILL	TRUSTEE	2.00	Director	$0	$0	$0
NANCYJO FIELDING	EX-OFFICIO & TRUSTEE (NON-VOTING)	2.00	Director	$0	$0	$0
JEANNE ARNOLD	TRUSTEE	2.00	Director	$0	$0	$0
HARRY MCCONNELL	PRESIDENT & CEO	40.00	Officer	$222,327	$1,690	$224,017
BROOKE FOGEL	VP FIN & TREASURER (AS OF 10/23)	40.00	Officer	$21,923	$0	$21,923
VICKI DEITZLER	VP ADVANCEMENT	40.00	Officer	$135,826	$17,132	$152,958
GREG WEABER	VP HUMAN RESOURCES	40.00	Officer	$127,549	$20,331	$147,880
JAMES CONNOR II	VP RESIDENT SERVICES	40.00	Officer	$137,965	$21,078	$159,043
JENNIFER MARGUT	VP MKTG & PUBLIC RELATIONS	40.00	Officer	$138,864	$20,714	$159,578
MINNIE STRICKLER	VP HEALTH SERVICES	40.00	Officer	$142,383	$21,253	$163,636
PAUL WEIDMAN	VP PLANT OPERATIONS	40.00	Officer	$161,059	$21,939	$182,998
MICHELE LAUCKS	VP FIN & TREASURER (UNTIL 12/23)	40.00	Officer	$155,134	$21,078	$176,212
HOLLY KRAMER	REGISTERED NURSE	40.00	Highest	$136,354	$893	$137,247
FLORYMELL VALENTIN	REGISTERED NURSE	40.00	Highest	$113,326	$15,985	$129,311
ROBERT SEMINARA	REGISTERED NURSE	40.00	Highest	$145,041	$567	$145,608
KATE DAVIES	DIRECTOR OF NURSING	40.00	Highest	$130,101	$20,780	$150,881
MELANIE STOEFFLER	REGISTERED NURSE	40.00	Highest	$152,614	$15,573	$168,187

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	$35,878,702	$33,190,724	$156,078,241	$2,687,978
2022	$32,034,552	$30,148,357	$143,155,188	$1,886,195
2021	$35,859,363	$28,721,502	$145,059,340	$7,137,861
2020	$29,814,922	$26,650,451	$135,917,435	$3,164,471
2019	$29,102,272	$25,709,354	$133,039,667	$3,392,918
2018	$28,268,263	$25,014,106	$121,820,098	$3,254,157