LODGE AT IVES HILL INC

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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

2011

Legal Domicile

Principal Officer

LISA RESSMAN

Phone

3156814038

Tax Period

2023-01-01 to 2023-12-31

LODGE AT IVES HILL INC, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $1.1M left a modest 4% surplus.

Mission

THE LODGE AT IVES HILL, INC. MAINTAINS AFFORDABLE HOUSING FOR SENIORS IN WATERTOWN, NY. THE LODGE OFFERS DINING SERVICES, VARIOUS SOCIAL AND EDUCATIONAL PROGRAMS, 24/7 STAFF, HOUSEKEEPING SERVICES, LAUNDRY SERVICES, AND TRANSPORTATION SERVICES TO RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $744,118 Revenue: $1,093,048

THE LODGE AT IVES HILL, INC. MAINTAINS AFFORDABLE HOUSING FOR SENIORS IN WATERTOWN, NY. THE LODGE OFFERS DINING SERVICES, VARIOUS SOCIAL AND EDUCATIONAL PROGRAMS, 24/7 STAFF, HOUSEKEEPING SERVICES...

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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 $0

Program Service Revenue $1,085,056

Investment Income $0

Other Revenue $7,992

TOTAL REVENUE $1,093,048

Expense Breakdown

Grants Paid $0

Salaries & Benefits $664,180

Fundraising Expenses $0

Program Expenses $744,118

Other Expenses $386,528

TOTAL EXPENSES $1,050,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,093,048	$893,810	+0.2%
Expenses	$1,050,708	$1,015,503	+0.0%
Net Income	$42,340	$-121,693	-1.3%

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

N/A

Volunteers

N/A

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

$1,322,356

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Lisa Haglund	President & CEO	1	Officer	$0	$22,142	$329,522
Meghan Aldrich	Chief Operating Officer	1	Officer	$0	$4,071	$260,497
Mark Wilcox	Chief Information Officer	1	Officer	$0	$21,518	$204,457
Danielle Bozich	Chief Human Resources Officer	1	Officer	$0	$12,802	$193,883
Samuel Hill	Chief of Mission Advancement	1	Officer	$0	$17,925	$175,404
Robin DiGregorio	Regional Nursing Home Administrator	1	Highest	$0	$14,843	$167,521
Matthew Boswell	Vice President of Finance	1	Highest	$0	$9,903	$164,122
Richard Whitver	Managing Pharmacist	0	Highest	$0	$2,566	$163,091
Kathy Wetherell	RN Supervisor	0	Highest	$0	$16,440	$143,967
Tracy Nelson	Vice President of Human Resources	1	Highest	$0	$2,933	$130,139
Paul DeSantis	Chief Financial Officer	1	Officer	$0	$6,286	$120,795
Lisa Ressman	Chief Financial Officer	1	Officer	$0	$1,212	$37,798
Samuel Shreffler	Board Member	1	Director	$0	$0	$0
Walter Fleming	Chair	1	Officer Director	$0	$0	$0
Susan Wilston	Vice Chair	1	Officer Director	$0	$0	$0
Susanne Mohnkern	Board Member	1	Director	$0	$0	$0
Jane Spencer	Board Member	1	Director	$0	$0	$0
Janet Snyder	Board Member	1	Director	$0	$0	$0
Larry Roberts	Secretary/Treasurer	1	Officer Director	$0	$0	$0
Peter Schmitt	Board Member	1	Director	$0	$0	$0
Judy Rich	Board Member	1	Director	$0	$0	$0
Honna Curtis	Board Member	1	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
2024	No data	No data	No data	No data
2023	$1,093,048	$1,050,708	$2,424,964	$42,340
2022	$893,810	$1,015,503	$3,635,725	$-121,693
2021	$961,868	$918,121	$3,619,257	$43,747
2020	$979,495	$830,604	$2,838,757	$148,891
2019	$912,549	$934,289	$2,209,211	$-21,740
2018	$823,149	$826,142	$2,467,855	$-2,993