Holy Family Senior Living (EIN 231610270) - Form 990 Financial Analysis & Trantor Score

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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

1962

Legal Domicile

Principal Officer

JOSEPH A SHADID

Phone

6108656245

Tax Period

2023-01-01 to 2023-12-31

Holy Family Senior Living, founded in 1962, is a mid-sized nonprofit that reported $20.9M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $18.6M left a modest 11% surplus.

Mission

SKILLED NURSING CARE, SHORT-TERM REHABILITATION, PERSONAL CARE AND INDEPENDENT LIVING APARTMENTS

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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 $4,477,605

Program Service Revenue $16,073,706

Investment Income $6,098

Other Revenue $388,086

TOTAL REVENUE $20,945,495

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,593,399

Fundraising Expenses $16,533

Program Expenses $16,152,780

Other Expenses $10,027,495

TOTAL EXPENSES $18,620,894

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,945,495	$15,774,396	+0.3%
Expenses	$18,620,894	$17,860,092	+0.0%
Net Income	$2,324,601	$-2,085,696	-2.1%

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

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

232

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

$327,229

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Joseph A Shadid	Chief Executive Officer	36.5	Officer	$164,974	$38,008	$202,982
Michael Heneghan	Chief Financial Officer	36.5	Officer	$124,247	$0	$124,247
John Morahan	Chairperson	1.0	Officer Director	$0	$0	$0
Rev Raymond C Hittinger	Director	1.0	Director	$0	$0	$0
John Lynch	Treasurer	1.0	Officer Director	$0	$0	$0
Pamela Russo	Secretary	1.0	Officer Director	$0	$0	$0
Barbara Coffin	Vice Chairperson	1.0	Officer Director	$0	$0	$0
Evelyn Carfango	Director	1.0	Director	$0	$0	$0
MSGR Edward Coyle	Director	1.0	Director	$0	$0	$0
Amy M Depuy MD	Director	1.0	Director	$0	$0	$0
Father Allen Hoffa	Director	1.0	Director	$0	$0	$0
Judy Stanczak	Director	1.0	Director	$0	$0	$0
Dr Carmine Pellosie	Director	1.0	Director	$0	$0	$0
Terry Novatnack	DIRECTOR - EFF 10/2023	1.0	Director	$0	$0	$0

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	$20,945,495	$18,620,894	$9,090,376	$2,324,601
2022	$15,774,396	$17,860,092	$7,547,651	$-2,085,696
2021	$16,667,938	$15,954,724	$8,945,725	$713,214
2020	$21,224,325	$20,404,383	$9,486,877	$819,942
2019	$18,424,554	$20,453,358	$10,005,114	$-2,028,804
2018	$19,807,179	$20,660,884	$10,944,421	$-853,705

Holy Family Senior Living