ST ANN'S NURSING HOME COMPANY INC (EIN 237098164) - 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

1971

Legal Domicile

Principal Officer

MICHAEL MCRAE

Phone

5856976000

Tax Period

2023-01-01 to 2023-12-31

ST ANN'S NURSING HOME COMPANY INC, founded in 1971, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $12.2M left a modest 15% surplus.

Mission

PROMOTE INDEPENDENCE, PHYSICAL & SPIRITUAL WELL-BEING OF OLDER ADULTS IN A SKILLED NURSING FACILITY.

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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 $31,026

Program Service Revenue $12,714,912

Investment Income $1,579,173

Other Revenue $7,371

TOTAL REVENUE $14,332,482

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,533,309

Fundraising Expenses $0

Program Expenses $10,608,301

Other Expenses $6,668,275

TOTAL EXPENSES $12,201,584

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,332,482	$13,100,892	+0.1%
Expenses	$12,201,584	$11,852,786	+0.0%
Net Income	$2,130,898	$1,248,106	+0.7%

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

N/A

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

$1,036,530

Total Directors

$547,231

Key Employees

$1,659,429

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
EDMOND AKUBUIRO	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE ASHBY	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS COMBS	DIRECTOR	1.00	Director	$0	$0	$0
MARK CRONIN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN HAYES	CHAIR	1.00	Officer Director	$0	$0	$0
CARMEN INDIANO	DIRECTOR	1.00	Director	$0	$0	$0
ANNA LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
SR MARLENE PAPE	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL PINCH	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA RISSONE	DIRECTOR	1.00	Director	$0	$0	$0
MAURICIO RIVEROS	DIRECTOR	1.00	Director	$0	$0	$0
CHERYL RYAN	DIRECTOR	1.00	Director	$0	$0	$0
RONALD SALLUZZO	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
DEB SCHAUSEIL	DIRECTOR	1.00	Director	$0	$0	$0
REV ROBERT SCHRADER	DIRECTOR	1.00	Director	$0	$0	$0
JOSEPH WESLEY	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL MCRAE	PRESIDENT/CEO	6.00	Officer Director	$0	$23,829	$547,231
DR BRIDGETTE WIEFLING	DIRECTOR	1.00	Director	$0	$0	$0
JAMES SMITH	DIRECTOR	1.00	Director	$0	$0	$0
RACHEL BANDYCH	DIRECTOR	1.00	Director	$0	$0	$0
PAT BURKE	DIRECTOR	1.00	Director	$0	$0	$0
DR ANGELA SIMS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD VANDER HORST	DIRECTOR	1.00	Director	$0	$0	$0
DENNIS KANT	SVP/CFO TO 3/11/2023	6.00	Officer	$0	$19,528	$305,868
KEVIN BROWN	SVP/CFO FROM 2/27/2023	5.00	Officer	$0	$5,421	$183,431
KIM PETRONE	CHIEF MEDICAL OFFICER	8.00	Key Emp	$0	$19,143	$488,578
SUSAN MURTY	VP ADMINISTRATOR	10.00	Key Emp	$0	$20,476	$279,180
ROBERT BOURG	SVP OF ORGANIZATIONAL DEVEL	4.00	Key Emp	$0	$5,936	$272,127
EILEEN RYAN-MARUKE	VP OF MARKETING	6.00	Key Emp	$0	$19,569	$223,608
AARON FIELDS	CHIEF INFORMATION OFFICER	5.00	Key Emp	$0	$12,638	$222,113
RENE BARNES	ADMINISTRATOR - EXECUTIVE DIRECTOR	20.00	Key Emp	$0	$4,081	$173,823
BRIAN HEPPARD	ATTENDING PHYSICIAN	4.00	Highest	$0	$23,214	$402,200
AMADU JALLOH	NURSING SUPERVISOR	40.00	Highest	$0	$7,843	$200,552
CHRISTINE FREELEY	DIRECTOR OF PHARMACY	7.00	Highest	$0	$19,661	$198,660

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	$14,332,482	$12,201,584	$44,988,801	$2,130,898
2022	$13,100,892	$11,852,786	$43,161,909	$1,248,106
2021	$14,820,996	$11,065,252	$44,916,835	$3,755,744
2020	$11,997,572	$10,582,822	$40,476,448	$1,414,750
2019	$12,444,588	$10,390,105	$37,368,799	$2,054,483
2018	$11,848,653	$10,207,420	$34,391,608	$1,641,233

ST ANN'S NURSING HOME COMPANY INC