ALTERNACARE

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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

1996

Legal Domicile

Principal Officer

MATTHEW PERRY

Phone

7404545000

Tax Period

2024-01-01 to 2024-12-31

ALTERNACARE, founded in 1996, is a small nonprofit in the Health Care sector that reported $485K in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $463K left a modest 4% surplus.

Mission

TO PROVIDE EFFECTIVE, EFFICIENT AND HIGH QUALITY HEALTH CARE TO THE PATIENT POPULATION SELECTING SURGICAL INTERVENTION FOR STERILIZATION. CONSTANTLY STRIVING TO IDENTIFY AND MEET THE NEEDS OF THE PATIENTS SERVED. RECOGNIZING CONTINUOUS QUALITY CARE BY USING THE RESOURCES EFFECTIVELY AND SUPPORTING A SAFE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $463,174 Revenue: $484,906

ALTERNACARE SUBLEASES A PORTION OF GENESIS HOSPITAL OF ZANESVILLE, OHIO TO PERFORM CERTAIN SURGICAL AND MEDICAL PROCEDURES PREVIOUSLY PERFORMED BY BETHESDA HOSPITAL OF ZANESVILLE, OHIO, SPECIFICALLY, STERILIZATION SERVICES. IN 1997, BETHESDA HOSPITAL, A TAX-EXEMPT 501(C)(3) COMMUNITY HOSPITAL ORGANIZATION, AFFILIATED WITH GOOD SAMARITAN MEDICAL CENTER, A TAX EXEMPT 501(C)(3) CATHOLIC HOSPITAL IN ZANESVILLE, OHIO, TO FORM GENESIS HEALTHCARE SYSTEM. ALTERNACARE ACCEPTS ALL PATIENTS REGARDLESS OF ABILITY TO PAY, INCLUDING MEDICARE AND MEDICAID PATIENTS, IN AN EFFORT TO PROVIDE THE BEST AND MOST EFFICIENT HEALTHCARE COVERAGE TO THE ZANESVILLE COMMUNITY.

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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 $0

Program Service Revenue $484,906

Investment Income $0

Other Revenue $0

TOTAL REVENUE $484,906

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $463,174

Other Expenses $463,174

TOTAL EXPENSES $463,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$484,906	$424,262	+0.1%
Expenses	$463,174	$362,156	+0.3%
Net Income	$21,732	$62,106	-0.7%

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

Employees

N/A

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

Total Directors

$900

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHON BENDER	VICE CHAIR	0.03	Officer Director	$0	$0	$0
ASHLEY HOTHEM MD	DIRECTOR	0.09	Director	$0	$0	$0
STACEY LACY	BOARD CHAIR	0.12	Officer Director	$0	$0	$0
JOHN LEPI MD	MEDICAL DIRECTOR	0.12	Director	$900	$0	$900
SHIRLEY VANWYE	DIRECTOR	0.12	Director	$0	$0	$0
JODY BALLAS	DIRECTOR	0.12	Director	$0	$0	$0
WENDY CEDOZ	SECRETARY	0.12	Director	$0	$0	$0
ANGELA HOBERG	DIRECTOR	0.12	Director	$0	$0	$0
TINA PATTERSON	DIRECTOR	0.12	Director	$0	$0	$0
BRYAN KRIEG	TREASURER	0.06	Director	$0	$0	$0
PAM THOMPSON	MEMBER	0.12	Director	$0	$0	$0
KAREN KROFFT	MEMBER	0.12	Director	$0	$0	$0
MATTHEW PERRY	CHIEF EXECUTIVE OFFICER	0.00	Officer	$0	$0	$0
MICHAEL NORMAN	CHIEF FINANCIAL OFFICER	0.03	Officer	$0	$0	$0
ADAM HOPPER	CHIEF FINANCIAL OFFICER:START 09/24	0.19	Officer	$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	$484,906	$463,174	$471,967	$21,732
2023	$424,262	$362,156	$353,943	$62,106
2022	$270,563	$482,583	$225,628	$-212,020
2021	$605,756	$498,394	$349,668	$107,362
2020	$194,697	$273,523	$622,878	$-78,826
2019	$458,848	$690,700	$569,548	$-231,852
2018	$421,442	$419,988	$432,898	$1,454