HEARTHSTONE SENIOR COMMUNITIES INC (EIN 232856813) - 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

1996

Legal Domicile

Principal Officer

HOWARD JAFFE

Phone

2153466454

Tax Period

2023-01-01 to 2023-12-31

HEARTHSTONE SENIOR COMMUNITIES INC, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $92.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

OPERATE NURSING HOMES, PROVIDE HOUSING, AND DEVELOP MEDICAL PROGRAMS FOR THE CARE OF THE ELDERLY.

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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 $2,264,980

Program Service Revenue $90,421,287

Investment Income $228,481

Other Revenue $0

TOTAL REVENUE $92,914,748

Expense Breakdown

Grants Paid $0

Salaries & Benefits $47,268,748

Fundraising Expenses $0

Program Expenses $81,176,298

Other Expenses $46,466,960

TOTAL EXPENSES $93,735,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$92,914,748	$83,044,362	+0.1%
Expenses	$93,735,708	$94,137,201	0.0%
Net Income	$-820,960	$-11,092,839	-0.9%

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

1466

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

$81,864

Total Directors

$129,864

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SARAH L GRIMES	RN SUPERVISOR	40.00	Highest	$191,801	$9,477	$201,278
ASHLEY M KORAH	ADMINISTRATOR	40.00	Highest	$184,618	$15,111	$199,729
BRENDA L DAVIS	ADMINISTRATOR	40.00	Highest	$180,795	$9,477	$190,272
MANOUCHEKA MAGLOIRE LANEAU	LICENSED PRACTICAL NURSE	40.00	Highest	$167,488	$8,814	$176,302
FRANKLIN DUME	LICENSED PRACTICAL NURSE	40.00	Highest	$171,944	$9,477	$181,421
HOWARD JAFFE	PRESIDENT	7.00	Officer Director	$81,864	$0	$81,864
ALVIN GARNER	DIRECTOR	2.00	Director	$12,000	$0	$12,000
LORI ROMBOLD	DIRECTOR	2.00	Director	$12,000	$0	$12,000
JOHN S SEAL JR	DIRECTOR	2.00	Director	$12,000	$0	$12,000
BRIAN M WYATT	DIRECTOR	2.00	Director	$12,000	$0	$12,000

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	$92,914,748	$93,735,708	$133,821,337	$-820,960
2022	$83,044,362	$94,137,201	$102,382,240	$-11,092,839
2021	$83,448,118	$95,991,307	$23,952,064	$-12,543,189
2020	$87,702,188	$90,658,659	$27,323,079	$-2,956,471
2019	$84,921,541	$88,805,839	$31,899,429	$-3,884,298
2018	$101,926,295	$105,762,721	$37,581,082	$-3,836,426

HEARTHSTONE SENIOR COMMUNITIES INC