TOLEDO, OH
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Sign In — Free (10 views/day)MANOR CARE OF LYNNWOOD WA ASSOCIATION, founded in 2007, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 82% from the prior year — a significant decline worth monitoring. Expenses of $3.1M exceeded revenue, resulting in a 53% operating deficit.
OUR MISSION IS TO IMPROVE YOUR HEALTH AND WELL-BEING.
HCR MANORCARE'S SKILLED NURSING FACILITIES (SNF), PRIMARILY OPERATING UNDER THE BRAND NAME MANORCARE IN THE STATE OF WASHINGTON, PROVIDE SKILLED NURSING AND REHABILITATION SERVICES DURING RECOVERY...
HCR MANORCARE'S SKILLED NURSING FACILITIES (SNF), PRIMARILY OPERATING UNDER THE BRAND NAME MANORCARE IN THE STATE OF WASHINGTON, PROVIDE SKILLED NURSING AND REHABILITATION SERVICES DURING RECOVERY AFTER A HOSPITALIZATION STAY. HCR MANORCARE IS THE POST-ACUTE DIVISION OF PROMEDICA HEALTH SYSTEM, INC. (PROMEDICA), A MISSION BASED, NOT-FOR-PROFIT HEALTHCARE ORGANIZATION FOCUSED ON THE HEALTH AND WELLBEING OF THE COMMUNITIES IT SERVES. HEADQUARTERED IN TOLEDO, OHIO, WE ARE AMONG THE REGION'S LARGEST EMPLOYERS. THE COMPANY'S STEWARDSHIP OF RESOURCES HAS ENABLED WISE INVESTMENT IN PATIENT-CENTERED CARE, ADVANCED TECHNOLOGY, INNOVATIVE PROGRAMS AND FAMILY-ORIENTED FACILITIES THAT HELP TO ENSURE PATIENTS AND AREA RESIDENTS HAVE EQUAL ACCESS TO HIGH-QUALITY, SAFE CARE IN THE MOST APPROPRIATE SETTING. HCR MANORCARE OPERATES SKILLED NURSING FACILITIES, WHERE NURSES AND PHYSICIANS WORK COLLABORATIVELY TO MANAGE COMPLEX MEDICAL CONDITIONS PROVIDING CARDIOLOGY, NEUROLOGY, ONCOLOGY, PULMONARY, ORTHOPAEDIC AND WOUND CARE SERVICES. REHABILITATION SERVICES PROVIDE PATIENTS WITH THE TOOLS THEY NEED TO FUNCTION AT THEIR HIGHEST POTENTIAL. THESE SERVICES INCLUDE PHYSICAL AND OCCUPATIONAL THERAPIES, AS WELL AS SPEECH AND LANGUAGE PATHOLOGY. HCR MANORCARE FACILITIES PROVIDE LONG-TERM CARE ASSISTANCE 24 HOURS A DAY TO THOSE WHO MEET THE SKILLED NURSING REQUIREMENTS AND CANNOT LIVE INDEPENDENTLY. ADDITIONAL SERVICES SUCH AS PALLIATIVE AND HOSPICE CARE CAN ALSO BE PROVIDED IN THE SKILLED NURSING SETTING. PROMEDICA SENIOR CARE'S SKILLED NURSING AND REHABILITATION CENTERS, PRIMARILY OPERATING UNDER THE BRAND NAMES PROMEDICA, HEARTLAND AND MANORCARE, DEMONSTRATE PROMEDICA'S MISSION AND CORE VALUES BY PROVIDING HIGH-QUALITY HEALTH CARE TO ALL ELIGIBLE PATIENTS REGARDLESS OF THEIR RACE, CREED, NATIONAL ORIGIN, DISABILITY OR AGE. THE CENTERS PROVIDE PATIENTS WITH HOME ASSESSMENTS AND COMMUNITY RESOURCES FOR A SAFE AND HEALTHY TRANSITION HOME. AS WE NAVIGATE THROUGH COVID AND ADDRESS WORKFORCE CHALLENGES, THE FACILITIES ARE WORKING WITH OUR SOCIAL DETERMINANTS OF HEALTH TEAM TO HELP ASSESS EMPLOYEES' NEEDS SUCH AS TRANSPORTATION, ACCESS TO NUTRITIOUS FOOD AND CHILD CARE. THE CENTERS GRANT PATIENTS AND RESIDENTS THEIR WISHES THROUGH THE ORGANIZATION'S HEARTS' DESIRE PROGRAM. THE FACILITIES CONTINUE TO FACILITATE LONG DISTANCE VISITS THROUGH THE HUNDREDS OF IPADS THAT WERE ACQUIRED TO KEEP RESIDENTS AND PATIENTS ENGAGED WITH THE OUTSIDE COMMUNITY DURING COVID. IN 2021, THE ORGANIZATION CONTINUED TO OFFER COMMUNITY HEALTH RELATED EDUCATIONAL EVENTS SUCH AS REDUCING STRESS AND HEALTH AND WELLNESS THROUGH VIRTUAL AND ONLINE EDUCATION. ALSO, IN 2021, THE ORGANIZATION LAUNCHED A CUSTOM APP, PURPOSEFUL AND RESOURCEFUL WELL-BEING RESOURCES, TO EMPLOYEES. IN 2021, THE ORGANIZATION LAUNCHED DEI INITIATIVES ACROSS THE SYSTEM BY SPONSORING INCLUSION INNOVATION COMMUNITIES FOR EMPLOYEES AND HOSTING VIRTUAL AND IN-PERSON MEETINGS TO SHARE THE ORGANIZATION'S STRATEGIC DEI COMMITMENT TO INCREASE DIVERSITY, EQUITY AND INCLUSION FOR OUR EMPLOYEES, PATIENTS, RESIDENTS, VENDORS, AND THE COMMUNITIES WE SERVE. AS PART OF THEIR REBRANDING ANNOUNCEMENTS, FACILITIES HOSTED DRIVES TO COLLECT DONATIONS SUCH AS FOOD FOR NON-PROFIT ORGANIZATIONS. THROUGHOUT THE YEAR, THE SKILLED NURSING FACILITIES WERE PROACTIVE IN PROTECTING AND ENGAGING PATIENTS WITH ACTIVITIES SUCH AS EVENTS WITH FAMILY, COMMUNITY ENTERTAINMENT AND PET THERAPY. THE SKILLED NURSING CENTERS PROVIDED NEARLY 50 COMMUNITY-BASED HEALTH CARE PROFESSIONALS WITH CONTINUING EDUCATION CREDITS THROUGH THE OFFERING OF 5 COURSES.IN SUMMARY, THESE INITIATIVES NOT ONLY INDICATE HCR MANORCARE'S COMMITMENT TO THE COMMUNITY, BUT ALSO FULFILL OUR NOT-FOR-PROFIT STATUS BY PROVIDING ACCESS TO A VARIETY OF POST-HOSPITAL CARE SERVICES IN THE COMMUNITIES WE SERVE.IN APRIL 2023, MANORCARE OF LYNNWOOD WA, ASSOCIATION WAS SOLD TO A NEW OWNER.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $2,033,197 | $11,517,133 | -0.8% |
| Expenses | $3,113,636 | $14,710,472 | -0.8% |
| Net Income | $-1,080,439 | $-3,193,339 | -0.7% |
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 |
|---|---|---|---|---|---|---|
| ANGELA BRANDT | TRUSTEE-PART YEAR | 1.00 |
Director
|
$0 | $2,999 | $1,236,230 |
| JAMES F WHITE JR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JUSTIN SKIVER | TRUSTEE/PRESIDENT | 1.00 |
Director
|
$0 | $7,106 | $921,709 |
| MARY JANE WURTH | TRUSTEE - PART YEAR | 1.00 |
Director
|
$0 | $0 | $30,000 |
| RAVI NARRA | TRUSTEE/PHYSICIAN | 1.00 |
Director
|
$0 | $5,857 | $556,676 |
| ROBERT LACLAIR | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $30,000 |
| STEPHEN STAELIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ARTURO POLIZZI | PRESIDENT AND CEO | 1.00 |
Officer
|
$0 | $5,857 | $2,127,450 |
| LOUIS ROBICHAUX | TREASURER-PART YEAR | 1.00 |
Officer
|
$0 | $0 | $0 |
| STEVE SADOWSKI | SECRETARY/CHIEF LEGAL OFFICER | 1.00 |
Officer
|
$0 | $6,028 | $1,413,208 |
| TERRENCE METZGER | CHIEF FINANCIAL OFFICER | 1.00 |
Officer
|
$0 | $4,079 | $1,059,169 |
| GARY AKENBERGER | CHIEF EXECUTIVE OFFICER-FORMER | 0.00 |
|
$0 | $3,400 | $551,730 |
| JEFFREY C KUHN | CHIEF LEGAL OFFICER - FORMER | 0.00 |
|
$0 | $30,922 | $752,822 |
| STEVEN M CAVANAUGH | TREASURER, CFO - FORMER | 0.00 |
|
$0 | $995 | $1,336,175 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $2,033,197 | $3,113,636 | $109,048 | $-1,080,439 |
| 2022 | $11,517,133 | $14,710,472 | $1,554,029 | $-3,193,339 |
| 2021 | $10,439,038 | $12,661,554 | $1,683,799 | $-2,222,516 |
| 2020 | $12,562,689 | $13,953,146 | $695,058 | $-1,390,457 |
| 2019 | $4,203,338 | $4,545,404 | $1,975,753 | $-342,066 |
Compare MANOR CARE OF LYNNWOOD WA ASSOCIATION with other nonprofits in Ohio and across the country.