NEW FLORENCE NURSING HOME

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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

TO PROVIDE CARING AND COMPREHENSIVE SKILLED, RESIDENTIAL, AND REHABILITATIVE SERVICES TO THE RESIDENTS OF NEW FLORENCE AND MONTGOMERY COUNTY.

Program Service Accomplishments

Program 1

Expenses: $4,494,262 Revenue: $4,568,962

ST. ANDREW'S AT NEW FLORENCE'S SKILLED, CARING STAFF PROVIDE NURSING AND CLINICAL CARE ON A 24-HOUR BASIS. WE ARE EQUIPPED TO HANDLE A WIDE RANGE OF MEDICAL CONDITIONS AND NEEDS.NURSING SERVICES...

ST. ANDREW'S AT NEW FLORENCE'S SKILLED, CARING STAFF PROVIDE NURSING AND CLINICAL CARE ON A 24-HOUR BASIS. WE ARE EQUIPPED TO HANDLE A WIDE RANGE OF MEDICAL CONDITIONS AND NEEDS.NURSING SERVICES INCLUDE RESTORATIVE NURSING, PAIN MANAGEMENT, INTRAVENOUS THERAPY, OSTOMY CARE, DRESSING CHANGES AND HOSPICE CARE. OUR COMMITTED STAFF WORKS AS A TEAM TO MEET THE NEEDS OF OUR RESIDENTS AND TO ENSURE THEIR CARE AND COMFORT. ST. ANDREW'S AT NEW FLORENCE IS MEDICARE/MEDICAID CERTIFIED AND WE ACCEPT PRIVATE PAYMENT.THE FACILITY IS LICENSED FOR 120 BEDS.

Program 2

Expenses: $225,312 Revenue: $229,057

THE ST. ANDREW'S AT NEW FLORENCE RESIDENTIAL CARE PROGRAM ENSURES OUR RESIDENTS FEEL COMFORTABLE, SUPPORTED, AND AT HOME. OUR LICENSED CARE TEAM PROVIDES HELP 24 HOURS A DAY. WE PROVIDE JUST THE...

THE ST. ANDREW'S AT NEW FLORENCE RESIDENTIAL CARE PROGRAM ENSURES OUR RESIDENTS FEEL COMFORTABLE, SUPPORTED, AND AT HOME. OUR LICENSED CARE TEAM PROVIDES HELP 24 HOURS A DAY. WE PROVIDE JUST THE RIGHT AMOUNT OF CARING ATTENTION SO THAT RESIDENTS MAINTAIN THEIR INDEPENDENCE, BUT ALWAYS HAVE HELP AVAILABLE. RESIDENTS ENJOY OUR IN-HOUSE BEAUTY/ BARBER SHOP, HANDICAPPED-ACCESSIBLE SCHEDULED TRANSPORTATION, THE WIDE RANGE OF ACTIVITIES, OUR GARDENS, AND OUR LOVELY COURTYARD. WE OFFER RESIDENTIAL CARE FOR OLDER ADULTS REQUIRING A MINIMUM AMOUNT OF ASSISTANCE. BOTH PRIVATE AND PRIVATE DELUXE RESIDENCES ARE AVAILABLE. THREE DELICIOUS MEALS AND SNACKS ARE PROVIDED EACH DAY. PERSONAL LAUNDRY AND HOUSEKEEPING SERVICES ELIMINATE THOSE CHORES.

Program 3

Expenses: $0 Revenue: $0

THE PROJECT PROVIDES CARE WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES TO RESIDENTS AND OTHER CLIENTS MEETING CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY. BECAUSE THE PROJECT DOES NOT PURSUE COLLECTION OF AMOUNTS DETERMINED TO QUALIFY AS CHARITY CARE, THESE AMOUNTS ARE REPORTED AS A DEDUCTION TO NET RESIDENT SERVICE REVENUE.

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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