NEW FLORENCE NURSING HOME (EIN 237324298) - 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

1973

Legal Domicile

Principal Officer

BILL HOLMAN

Phone

3147260111

Tax Period

2023-06-01 to 2024-05-31

NEW FLORENCE NURSING HOME, founded in 1973, is a community nonprofit that reported $6.1M in total revenue in fiscal year 2023. Revenue surged 29% from the prior year, signaling strong growth momentum. Expenses of $5.2M left a modest 14% surplus.

Mission

PROVIDE SKILLED CARE, ASSISTED LIVING ACCOMMODATIONS AND MEET OTHER HOUSING NEEDS OF THE SENIOR POPULATION.

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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 $1,300,970

Program Service Revenue $4,798,019

Investment Income $3

Other Revenue $1,648

TOTAL REVENUE $6,100,640

Expense Breakdown

Grants Paid $250

Salaries & Benefits $2,252,150

Fundraising Expenses $0

Program Expenses $4,719,574

Other Expenses $2,987,958

TOTAL EXPENSES $5,240,358

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,100,640	$4,718,551	+0.3%
Expenses	$5,240,358	$4,728,364	+0.1%
Net Income	$860,282	$-9,813	-88.7%

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

N/A

Employees

103

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

$945,158

Total Directors

$658,290

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL HOLMAN	PRESIDENT/CEO	1.00	Officer Director	$0	$44,911	$466,525
MAUREEN DUNN	CHIEF PERFORMANCE OFFICER	1.00	Officer Director	$0	$13,835	$191,765
JOSEPH GIRARDI	CFO/TREASURER (NON VOTING)	1.00	Officer	$0	$20,491	$286,868

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	$6,100,640	$5,240,358	$3,617,999	$860,282
2023	$4,718,551	$4,728,364	$2,359,566	$-9,813
2022	$4,157,269	$4,737,646	$2,254,354	$-580,377
2021	$4,721,379	$4,755,824	$2,670,067	$-34,445
2020	$5,274,263	$5,863,970	$3,559,101	$-589,707
2019	$5,268,253	$5,435,137	$3,807,992	$-166,884

NEW FLORENCE NURSING HOME