Lake Worth, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Finnish-American Rest Home Inc, founded in 1970, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.
Operation of a home for the elderly to care for residents in a dignified and friendly manner. It strives to improve the residents quality of life and meet their individual needs.
The primary activity of the Organization is to care for its elederly residents in a dignified manner. See schedule O for additional information: Skilled Nursing Facility - The Organization operates a...
The primary activity of the Organization is to care for its elederly residents in a dignified manner. See schedule O for additional information: Skilled Nursing Facility - The Organization operates a 45 bed skilled nursing home that provides living and medical services to private residents and benificiaries of state and federal programs. Assisted Living Facility - The Organization operates an assisted living facility that has the capacity to provide living and medical services for 120 residents. Nurse Regsitry - The Organization operates a nurse registry that has the capacity to provide healthcare services to private residents in their homes.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,506,139 | $10,267,388 | -0.2% |
| Expenses | $8,772,325 | $8,679,050 | +0.0% |
| Net Income | $-266,186 | $1,588,338 | -1.2% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Daniel Benson | Executive Director | 40.00 |
Officer
|
$164,566 | $0 | $164,566 |
| Laila Lane | Chair | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| Deborah Grotke | Treasurer | 8.00 |
Officer
Director
|
$0 | $0 | $0 |
| Tia Wright | Secretary | 24.00 |
Officer
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $8,506,139 | $8,772,325 | $7,794,653 | $-266,186 |
| 2024 | $10,267,388 | $8,679,050 | $8,329,720 | $1,588,338 |
| 2023 | $8,881,904 | $7,006,838 | $6,102,750 | $1,875,066 |
| 2022 | $5,508,442 | $6,238,888 | $4,402,627 | $-730,446 |
| 2021 | $6,389,161 | $6,091,663 | $5,095,507 | $297,498 |
| 2020 | $6,246,187 | $5,975,595 | $4,707,794 | $270,592 |
| 2019 | $5,692,884 | $5,947,980 | $4,507,280 | $-255,096 |
| 2018 | $5,269,363 | $5,335,828 | $4,624,475 | $-66,465 |
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