ELK HAVEN NURSING HOME ASSOCIATION (EIN 231945075) - 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

1967

Legal Domicile

Principal Officer

JUNE SORG

Phone

8148342618

Tax Period

2024-01-01 to 2024-12-31

ELK HAVEN NURSING HOME ASSOCIATION, founded in 1967, is a mid-sized nonprofit that reported $11.8M in total revenue in fiscal year 2024. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

PROVIDING LONG TERM NURSING CARE THROUGH A SKILLED NURSING FACILITY AND PERSONAL CARE UNIT.

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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 $369,859

Program Service Revenue $11,286,459

Investment Income $143,233

Other Revenue $0

TOTAL REVENUE $11,799,551

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,214,980

Fundraising Expenses $0

Program Expenses $11,625,122

Other Expenses $4,565,445

TOTAL EXPENSES $12,780,425

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,799,551	$10,912,621	+0.1%
Expenses	$12,780,425	$11,872,545	+0.1%
Net Income	$-980,874	$-959,924	+0.0%

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

280

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUNE SORG	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHARLETTE GERG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT SCHRIEBER	SECRETARY	2.00	Officer Director	$0	$0	$0
FRANK BEIMEL	BOARD MEMBER	2.00	Director	$0	$0	$0
LOU RADKOWSKI	BOARD MEMBER	2.00	Director	$0	$0	$0
ARLENE ANDERSON	ADMINISTRATOR	38.00	Officer	$0	$0	$0
BONITA STEELE	REGISTERED NURSE	40.00	Highest	$111,745	$13,721	$125,466

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	$11,799,551	$12,780,425	$11,829,471	$-980,874
2023	$10,912,621	$11,872,545	$12,366,961	$-959,924
2022	$12,919,097	$11,560,944	$13,340,646	$1,358,153
2021	$11,626,212	$10,834,150	$11,975,645	$792,062
2020	$11,797,050	$11,575,551	$12,547,514	$221,499
2019	$11,495,981	$10,883,160	$28,660,055	$612,821
2018	$11,075,897	$11,088,100	$26,944,697	$-12,203

ELK HAVEN NURSING HOME ASSOCIATION