THE SCHULMAN AND SCHACHNE INSTITUTE FOR NURSING AND REHABILITATION INC (EIN 237085986) - 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

1970

Legal Domicile

Principal Officer

DR SANDRA SCOTT

Phone

7182405200

Tax Period

2024-01-01 to 2024-12-31

THE SCHULMAN AND SCHACHNE INSTITUTE FOR NURSING AND REHABILITATION INC, founded in 1970, is a mid-sized nonprofit in the Health Care sector that reported $70.6M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $91.5M exceeded revenue, resulting in a 30% operating deficit.

Mission

WE PROVIDE GREATER ACCESS TO HIGH QUALITY MEDICAL CARE AND KEEP OUR COMMUNITIES HEALTHY THROUGH AN INTEGRATED CARE SYSTEM THAT RESPECTS THE DIVERSITY OF OUR COMMUNITIES AND ADDRESSES BOTH THE HEALTH NEEDS AND UNIQUE FACTORS THAT SHAPE THEM.

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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 $1,208,774

Program Service Revenue $69,363,544

Investment Income $0

Other Revenue $42,687

TOTAL REVENUE $70,615,005

Expense Breakdown

Grants Paid $0

Salaries & Benefits $55,890,227

Fundraising Expenses $0

Program Expenses $68,837,499

Other Expenses $35,570,441

TOTAL EXPENSES $91,460,668

Year-over-Year Comparison

	2024	2023	Change
Revenue	$70,615,005	$111,359,178	-0.4%
Expenses	$91,460,668	$95,707,600	0.0%
Net Income	$-20,845,663	$15,651,578	-2.3%

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

506

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

$2,076,005

Total Directors

Key Employees

$1,643,031

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALEX ROVT	CHAIRMAN	0.05	Officer Director	$0	$0	$0
REV ROBERT WATERMAN	VICE-CHAIRPERSON	0.05	Officer Director	$0	$0	$0
HENNA WHITE	SECRETARY/TREASURER	0.05	Officer Director	$0	$0	$0
BISHOP RC HUGH NELSON	TRUSTEE	0.05	Director	$0	$0	$0
EDNA WELLS-HANDY PEOPLES	TRUSTEE	0.05	Director	$0	$0	$0
HOPE MASON	TRUSTEE	0.05	Director	$0	$0	$0
MICHAEL L NAIRNE	TRUSTEE	0.05	Director	$0	$0	$0
MICHAEL SCAGNELLI	TRUSTEE	0.05	Director	$0	$0	$0
NUSIN SHTERN	TRUSTEE	0.05	Director	$0	$0	$0
RABBI ARYEH KATZIN	TRUSTEE	0.05	Director	$0	$0	$0
RICHARD E GREEN	TRUSTEE	0.05	Director	$0	$0	$0
VICTOR AYALA	TRUSTEE	0.05	Director	$0	$0	$0
MARK SHELTON	TRUSTEE	0.05	Director	$0	$0	$0
ALEXANDER LANZMAN	TRUSTEE	0.05	Director	$0	$0	$0
LEWIS MARSHALL	TRUSTEE	0.05	Director	$0	$0	$0
JONATHAN MAWERE MD	TRUSTEE	0.05	Director	$0	$0	$0
MAURICE A REID	TRUSTEE	0.05	Director	$0	$0	$0
ANTHONY CLEMENZA SR	TRUSTEE	0.05	Director	$0	$0	$0
DR JOSEPH CUIFFO	TRUSTEE	0.05	Director	$0	$0	$0
DR SANDRA SCOTT	INTERIM CEO OBHS	0.05	Officer	$0	$68,315	$872,120
MICHELLE FIGUEROA	CFO	0.05	Officer	$0	$17,751	$664,583
REGINALD BULLOCK	GENERAL COUNSEL - ASST. SECRETARY	0.05	Officer	$0	$71,395	$539,302
TAMMY CARLILSE	ADMINISTRATOR - THROUGH 10/24	40.00	Key Emp	$276,399	$10,922	$287,321
ALTHEA BURTON	DIRECTOR - NURSING SERVICE	40.00	Key Emp	$227,850	$24,855	$252,705
LISA GARCIA	VP FOR LT CARE FIN. OPERA./TREASURY	20.00	Key Emp	$0	$59,162	$400,102
PAUL ROSENFELD	EXE. DIR. - OBH & LONG TERM CARE	15.00	Key Emp	$0	$62,353	$702,903
NAJWAH SIMPSON	REGISTERED NURSE	40.00	Highest	$217,385	$50,612	$267,997
MYRIAM SEJOUR	REGISTERED NURSE	40.00	Highest	$238,028	$49,242	$287,270
MRIDULA SAXENA	PHYSICIAN	40.00	Highest	$224,537	$33,191	$257,728
LOUIS R BELIZE	PSYCHIATRIST	40.00	Highest	$253,730	$42,715	$296,445
ANN-MARIE RIVERS	REGISTERED NURSE	40.00	Highest	$311,955	$60,354	$372,309

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	$70,615,005	$91,460,668	$22,403,885	$-20,845,663
2023	$111,359,178	$95,707,600	$17,023,552	$15,651,578
2022	$55,209,550	$93,257,921	$14,473,385	$-38,048,371
2021	$49,579,085	$81,957,130	$14,713,238	$-32,378,045
2020	$62,719,757	$84,494,477	$15,175,367	$-21,774,720
2019	$61,224,145	$86,595,744	$18,778,387	$-25,371,599
2018	$62,744,057	$89,041,391	$16,032,199	$-26,297,334

THE SCHULMAN AND SCHACHNE INSTITUTE FOR NURSING AND REHABILITATION INC