FRIENDSHIP HEALTH AND REHAB CENTER INC

EIN: 237126857 501(c)(3) Health Care

ROANOKE, VA

Total Revenue
$32,857,381
Total Expenses
$28,114,351
Total Assets
$38,580,557
Net Assets
$32,970,074
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
VA
Principal Officer
C MICHAEL SHANNON
Phone
5402652177
Tax Period
2024-07-01 to 2025-06-30

FRIENDSHIP HEALTH AND REHAB CENTER INC, founded in 1972, is a mid-sized nonprofit in the Health Care sector that reported $32.9M in total revenue in fiscal year 2024. Expenses of $28.1M left a modest 14% surplus.

Mission

SUPPORTING FRIENDS BY PROVIDING PEACE OF MIND

Program Service Accomplishments

Program 1
Expenses: $22,679,214 Revenue: $30,575,875

FRIENDSHIP HEALTH AND REHAB CENTER, INC OPERATED A 253 BED SKILLED NURSING FACILITY, WITH A 91.01% OCCUPANCY RATE FOR THE FISCAL YEAR. THE FACILITY HAD TOTAL CENSUS DAYS FOR ALL RESIDENTS OF 84,045...

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FRIENDSHIP HEALTH AND REHAB CENTER, INC OPERATED A 253 BED SKILLED NURSING FACILITY, WITH A 91.01% OCCUPANCY RATE FOR THE FISCAL YEAR. THE FACILITY HAD TOTAL CENSUS DAYS FOR ALL RESIDENTS OF 84,045 AND SERVED RESIDENTS WITH A VARIETY OF FINANCIAL RESOURCES. THE FACILITY PROVIDED SKILLED AND LONG TERM CARE, AND HAD SPECIAL UNITS DEDICATED TO ORTHOPEDIC, REHABILITATION, AND COGNITIVELY IMPAIRED RESIDENTS. THE SERVICES INCLUDE NURSING, PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY, DISCHARGE PLANNING, DIETARY, ENVIRONMENTAL, LAUNDRY, AND A WIDE RANGE OF ACTIVITIES. THE FACILITY HAS ALSO DEVELOPED A SPECIALTY IN WOUND CARE. WE ARE A TEACHING FACILITY WITH AN EDUCATION DEPARTMENT THAT PROVIDES NURSES AIDE TRAINING, LEADING TO CERTIFICATION AS A TEACHING FACILITY. WE HAVE DEVELOPED CLOSE RELATIONSHIPS WITH AREA SCHOOLS THAT HAVE NURSING PROGRAMS AND PROVIDE THEM WITH A PLACE FOR THEIR STUDENTS TO COMPLETE THE CLINICAL REQUIREMENTS OF THEIR TRAINING.

Program 2
Expenses: $1,607,949 Revenue: $1,158,588

THE CORPORATION HAS A THERAPY DEPARTMENT THAT PROVIDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES ON AN INPATIENT BASIS TO THE RESIDENTS. THE SUCCESS OF THE UNIT ENCOURAGED THE CORPORATION...

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THE CORPORATION HAS A THERAPY DEPARTMENT THAT PROVIDES PHYSICAL, OCCUPATIONAL, AND SPEECH THERAPY SERVICES ON AN INPATIENT BASIS TO THE RESIDENTS. THE SUCCESS OF THE UNIT ENCOURAGED THE CORPORATION TO DEDICATE ONE FLOOR OF THE HEALTH AND REHAB CENTER TO ORTHOPEDIC PATIENTS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $31,734,463
Investment Income $822,534
Other Revenue $300,384
TOTAL REVENUE $32,857,381

Expense Breakdown

Grants Paid $0
Salaries & Benefits $16,207,467
Fundraising Expenses $0
Program Expenses $24,287,163
Other Expenses $11,906,884
TOTAL EXPENSES $28,114,351

Year-over-Year Comparison

2024 2023 Change
Revenue $32,857,381 $30,576,052 +0.1%
Expenses $28,114,351 $26,465,592 +0.1%
Net Income $4,743,030 $4,110,460 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
454
Volunteers
12

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
5
$1,232,443
Total Directors
10
$436,400
Key Employees
2
$503,361
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDWIN R FEINOUR DIRECTOR 1.00
Director
$0 $0 $38,500
GLEN C COMBS DIRECTOR 1.00
Director
$0 $0 $46,100
LUCIAN Y GROVE JR DIRECTOR 1.00
Director
$0 $0 $46,100
CYNDA JOHNSON DIRECTOR 1.00
Director
$0 $0 $46,100
ROBERT C LAWSON CHAIRMAN 1.00
Officer Director
$0 $0 $63,000
KATHRYN K OELSCHLAGER VICE CHAIRMAN 1.00
Officer Director
$0 $0 $51,500
ROBERT H SANDEL DIRECTOR 1.00
Director
$0 $0 $46,600
NATHANIEL BISHOP DIRECTOR 1.00
Director
$0 $0 $39,500
GREGORY W FELDMANN DIRECTOR 1.00
Director
$0 $0 $40,000
PAUL NESTER DIRECTOR 1.00
Director
$0 $0 $19,000
JOSEPH M HOFF PRESIDENT & CEO 9.00
Officer
$0 $20,705 $594,635
C MICHAEL SHANNON CFO 9.00
Officer
$0 $14,050 $442,170
CINDY MITCHELL BOARD SECRETARY 9.00
Officer
$0 $1,417 $81,138
BRANDON EVANS VICE PRESIDENT OF OPERATIONS 27.00
Key Emp
$0 $13,065 $238,656
BENJAMIN HIGGINS VICE PRESIDENT OF OPERATIONS - RICHFIELD 9.00
Key Emp
$0 $11,741 $264,705
ANGELA HUGHES VP HUMAN RESOURCES & COMPL 9.00
Highest
$0 $11,185 $249,690
MARY RODGER DIRECTOR OF ACCOUNTING 9.00
Highest
$0 $16,386 $195,135
YOLANDA DAVIS-MERCHANT NURSE MANAGER LPN 9.00
Highest
$0 $14,180 $253,023
MAZEN MADHOUN PHYSICIAN 40.00
Highest
$0 $2,551 $204,071
ROBERT MCGEE EXECUTIVE DIRECTOR OF FACILITIES & MAINTENANCE 9.00
Highest
$0 $5,506 $172,112
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
2025 $32,857,381 $28,114,351 $38,580,557 $4,743,030
2024 $30,576,052 $26,465,592 $36,010,084 $4,110,460
2023 $27,986,035 $25,007,916 $35,538,188 $2,978,119
2022 $23,303,981 $21,130,482 $35,664,931 $2,173,499
2021 $22,131,486 $20,370,184 $33,981,690 $1,761,302
2021 $22,131,486 $20,370,184 $33,981,690 $1,761,302
2020 $22,802,235 $22,646,139 $41,437,827 $156,096
2019 $22,395,332 $22,816,322 $38,754,829 $-420,990
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