PENN CENTER FOR REHAB AND CARE

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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

1986

Legal Domicile

Principal Officer

ROBERT J RUSSELL

Phone

2156624868

Tax Period

2022-07-01 to 2023-06-30

Mission

PROVISION OF CHARITABLE SKILLED NURSING CARE REHABILITATION SERVICES AND LONG-TERM RESIDENTIAL CARE SERVICES FOR THE ELDERLY

Program Service Accomplishments

Program 1

Expenses: $6,501 Revenue: $0

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS PENN CENTER FOR REHAB AND CARE ("PCRC") IS PART OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS"). PCRC PROVIDES SKILLED NURSING CARE...

STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS PENN CENTER FOR REHAB AND CARE ("PCRC") IS PART OF THE UNIVERSITY OF PENNSYLVANIA HEALTH SYSTEM ("UPHS"). PCRC PROVIDES SKILLED NURSING CARE REHABILITATION SERVICES AND LONG-TERM RESIDENTIAL CARE SERVICES FOR THE ELDERLY IN A 124-BED FACILITY. IN KEEPING WITH ITS CHARITABLE PURPOSE, UPHS ACCEPTS PATIENTS IN SERIOUS NEED OF MEDICAL CARE REGARDLESS OF THEIR FINANCIAL STATUS. UPHS MAINTAINS RECORDS TO IDENTIFY AND MONITOR LEVELS OF CHARITY CARE PROVIDED, INCLUDING THE AMOUNT OF PAYMENT FORGONE, BASED ON ESTABLISHED RATES, FOR SERVICES AND SUPPLIES FURNISHED UNDER ITS CHARITY CARE POLICY. UPHS ALSO PROVIDES CARE TO PATIENTS WHO DO NOT HAVE HEALTH INSURANCE OR MEET THE CRITERIA TO QUALIFY FOR ITS CHARITY CARE POLICY, AND CERTAIN AMOUNTS CHARGED FOR SUCH SERVICES ARE DEEMED TO BE UNCOLLECTIBLE. FOR FY23, UPHS PROVIDED $419 MILLION IN CHARITY AND UNDERFUNDED CARE FOR MEDICAID FAMILIES. ADDITIONALLY, FOR THE SAME FISCAL YEAR, PENN PRESBYTERIAN ADMITTED 17,698 ADULT PATIENTS AND HAD 315,683 OUTPATIENT VISITS. ------------------------------

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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 (2022)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $6,501

Other Expenses $7,348

TOTAL EXPENSES $7,348

Year-over-Year Comparison

	2022	2021	Change
Revenue	N/A	N/A	N/A
Expenses	$7,348	$13,360	-0.5%
Net Income	N/A	$-13,360	N/A

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

N/A

Employees

N/A

Volunteers

N/A

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

$1,959,306

Total Directors

$1,082,400

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MICHELE M VOLPE	SNR EXEC DIRECTOR(THRU 9/1/22)	1.0	Officer	$0	$101,405	$1,168,804
ANTHONY ZUMPANO	MBR, CONT & SEC(THRU 5/25/23)	1.0	Officer Director	$0	$17,880	$411,294
ROBERT J RUSSELL MPANHAFACHE	MBR,SR EXEC DIR(AS OF 5/23/23)	1.0	Officer Director	$0	$20,605	$379,208
GENE GOFMAN MBA	MEMBER (AS OF 5/25/23)	1.0	Director	$0	$28,442	$291,898

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
2023	No data	$7,348	$145,052	No data
2022	No data	$13,360	$4,569,368	No data
2021	No data	$75,128	$4,289,799	No data
2020	No data	$20,033	$4,352,151	No data
2019	No data	$351,431	$4,192,316	No data
2018	$17,616,710	$12,746,325	$3,971,693	$4,870,385