THE VILLAGE AT MORRISONS COVE

EIN: 231381403 501(c)(3)

MARTINSBURG, PA

Total Revenue
$13,897,446
Total Expenses
$14,414,974
Total Assets
$14,363,973
Net Assets
$7,648,413
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1903
Legal Domicile
PA
Principal Officer
COREY JONES
Phone
8147932104
Tax Period
2023-01-01 to 2023-12-31

THE VILLAGE AT MORRISONS COVE, founded in 1903, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE MEDICAL CARE AND RESIDENTIAL LIVING PROGRAMS AND FACILITIES TO ELDERLY INDIVIDUALS.

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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 $273,880
Program Service Revenue $13,247,140
Investment Income $90,003
Other Revenue $286,423
TOTAL REVENUE $13,897,446

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,805,933
Fundraising Expenses $2,600
Program Expenses $11,895,700
Other Expenses $6,609,041
TOTAL EXPENSES $14,414,974

Year-over-Year Comparison

2023 2022 Change
Revenue $13,897,446 $12,320,490 +0.1%
Expenses $14,414,974 $13,846,045 +0.0%
Net Income $-517,528 $-1,525,555 -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

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Governance

Voting Members
11
Independent Members
11
Employees
290
Volunteers
30

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
4
$416,944
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAMON BURKET CHAIR 1.00
Officer Director
$0 $0 $0
BLODWYN REPLOGLE SECRETARY 1.00
Officer Director
$0 $0 $0
CALVIN ZOOK LEFT BOARD DURING 2023 MEMBER 1.00
Director
$0 $0 $0
JIM CAPORUSCIO MEMBER 1.00
Director
$0 $0 $0
CONNIE CRAGAN MEMBER 1.00
Director
$0 $0 $0
JEAN FARRINGER MEMBER 1.00
Director
$0 $0 $0
JANET SELL MEMBER 1.00
Director
$0 $0 $0
BARRY HALBRITTER MEMBER 1.00
Director
$0 $0 $0
CHARLES KENSINGER MEMBER 1.00
Director
$0 $0 $0
HARVEY WASON MEMBER 1.00
Director
$0 $0 $0
KAREN BIDDLE MEMBER 1.00
Director
$0 $0 $0
ROBERT NEFF MEMBER 1.00
Director
$0 $0 $0
COREY JONES CEO 40.00
Officer
$326,361 $1,685 $328,046
SCOTT BLACK CFO 24.00
Officer
$88,898 $0 $88,898
BONNIE ROBINSON NURSING HOME ADMINISTRATOR 40.00
Highest
$115,314 $0 $115,314
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 $13,897,446 $14,414,974 $14,363,973 $-517,528
2022 $12,320,490 $13,846,045 $14,733,194 $-1,525,555
2021 $16,798,642 $15,792,591 $17,550,316 $1,006,051
2020 $15,565,837 $17,434,629 $17,877,212 $-1,868,792
2019 $14,722,309 $15,492,356 $17,346,474 $-770,047
2018 $13,962,131 $14,171,864 $17,045,220 $-209,733
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