HALE-BARNARD CORPORATION

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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

1965

Legal Domicile

Principal Officer

JANE BRESCHARD WILSON

Phone

6175363726

Tax Period

2024-01-01 to 2024-12-31

HALE-BARNARD CORPORATION, founded in 1965, is a community nonprofit that reported $5.6M in total revenue in fiscal year 2024. Revenue surged 25% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.2M, a strong 21% operating margin.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE RESIDENTIAL AND SUPPORTIVE SERVICES OF EXCEPTIONAL QUALITY FOR A DIVERSE OLDER POPULATION. BARNARD SERVICES PROVIDES BUDGET MANAGEMENT AND BILL PAYER SERVICES TO ELDERS AND OTHERS LIVING INDEPENDENTLY IN THE COMMUNITY. HALE HOUSE, OUR RESIDENTIAL PROGRAM, OFFERS AN ALTERNATIVE TO INSTITUTIONAL CARE - A HOME-LIKE PLACE WHEN "HOME" IS NO LONGER POSSIBLE. OUR GOAL IS TO ENHANCE ALL ASPECTS OF LIVING IN THE LATER YEARS BY OFFERING MEANINGFUL CHOICES, SOCIAL, INTELLECTUAL AND SPIRITUAL STIMULATION AND BY HONORING INDIVIDUAL WORTH IN THE COLLECTIVE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $3,072,287 Revenue: $4,501,469

HALE HOUSE REST HOME - LEVEL-4 REST HOME FACILITY. THE HOME'S GOAL IS TO ENHANCE ALL ASPECTS OF LIVING IN THE LATER YEARS BY OFFERING MEANINGFUL CHOICES, SOCIAL, INTELLECTUAL AND SPIRITUAL...

HALE HOUSE REST HOME - LEVEL-4 REST HOME FACILITY. THE HOME'S GOAL IS TO ENHANCE ALL ASPECTS OF LIVING IN THE LATER YEARS BY OFFERING MEANINGFUL CHOICES, SOCIAL, INTELLECTUAL AND SPIRITUAL STIMULATION AND BY HONORING INDIVIDUAL WORTH IN THE COLLECTIVE ENVIRONMENT.

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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 $484,990

Program Service Revenue $4,501,469

Investment Income $579,418

Other Revenue $0

TOTAL REVENUE $5,565,877

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,187,012

Fundraising Expenses $3,244

Program Expenses $3,072,287

Other Expenses $2,202,154

TOTAL EXPENSES $4,392,410

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,565,877	$4,458,815	+0.2%
Expenses	$4,392,410	$3,994,073	+0.1%
Net Income	$1,173,467	$464,742	+1.5%

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

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

$276,930

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACEY CRAVEDI	EXECUTIVE DIRECTOR	40.00	Officer	$170,163	$8,508	$178,671
JADE WRONOWSKI	NURSING DIRECTOR	40.00	Highest	$121,375	$19,236	$140,611
JILL GEMELLI	ADMISSIONS COORDINATOR	40.00	Highest	$106,070	$20,783	$126,853
SARKIS BOYAJIAN	BUSINESS MANAGER	40.00	Officer	$93,580	$4,679	$98,259
JANE BRESCHARD WILSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
FADI PIERRE KANAAN	TREASURER	1.00	Officer Director	$0	$0	$0
MS MARY ELLEN NORMEN	CLERK	1.00	Officer Director	$0	$0	$0
BARBARA E BOWEN	DIRECTOR	1.00	Director	$0	$0	$0
PETER BANOS	DIRECTOR	1.00	Director	$0	$0	$0
ROCHELLE LITE	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET MCISAAC	DIRECTOR	1.00	Director	$0	$0	$0
MARY LOU MCLEAN	DIRECTOR	1.00	Director	$0	$0	$0
MARGARET MOODY	DIRECTOR	1.00	Director	$0	$0	$0
MEREDITH L HARRON	DIRECTOR	1.00	Director	$0	$0	$0
ROXANNE MOORE	DIRECTOR	1.00	Director	$0	$0	$0
CURT GILMORE	DIRECTOR	1.00	Director	$0	$0	$0
JANINE MUDGE	DIRECTOR	1.00	Director	$0	$0	$0
MS KELSY BRONSKI	DIRECTOR	1.00	Director	$0	$0	$0
DR REV STEPHANIE MAY	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA KNIGHT	DIRECTOR (AS OF 11/24)	1.00	Director	$0	$0	$0
JUDY WILBURN	DIRECTOR (AS OF 11/24)	1.00	Director	$0	$0	$0

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	No data	No data	No data	No data
2024	$5,565,877	$4,392,410	$21,071,233	$1,173,467
2023	$4,458,815	$3,994,073	$18,573,020	$464,742
2022	$4,754,776	$3,536,416	$16,184,022	$1,218,360
2021	$4,048,451	$3,178,148	$18,680,999	$870,303
2020	$3,852,360	$3,144,524	$16,794,206	$707,836
2019	$3,305,239	$2,891,424	$14,500,801	$413,815
2018	$3,189,884	$2,773,055	$12,332,066	$416,829