SENIOR HEALTH PROPERTIES-SOUTH 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

2000

Legal Domicile

Principal Officer

HOWARD JAFFE

Phone

2153466454

Tax Period

2023-01-01 to 2023-12-31

SENIOR HEALTH PROPERTIES-SOUTH INC, founded in 2000, is a mid-sized nonprofit in the Human Services sector that reported $70.6M in total revenue in fiscal year 2023.

Mission

THE MISSION OF SENIOR HEALTH PROPERTIES-SOUTH, INC. INCLUDES OPERATION OF ONE OR MORE NURSING HOMES, PROVISION OF HOUSING FOR THE ELDERLY, DEVELOPMENT OF MEDICAL PROGRAMS FOR THE CARE OF THE ELDERLY AND EDUCATION OF HEALTHCARE PERSONNEL IN THE PROPER CARE OF THE ELDERLY.

Program Service Accomplishments

Program 1

Expenses: $65,985,146 Revenue: $69,233,881

THE ORGANIZATION OPERATES SKILLED NURSING FACILITIES WITH A CAPACITY OF 710 BEDS, DEDICATED AND COMMITTED TO PROVIDING REHABILITATION AND SHORT AND LONG TERM NURSING AND MEDICAL CARE OF PATIENTS AND RESIDENTS. THE ORGANIZATION PROVIDES NUMEROUS ACTIVITIES AND PROGRAMS INCORPORATING AND PROMOTING FAMILY ACTIVITIES AND INVOLVEMENT WITH RESIDENTS AND STAFF. THESE ACTIVITIES PROMOTE A NORMALIZED ENVIRONMENT. DURING THE CURRENT YEAR, THERE WERE 223,302 RESIDENT DAYS.

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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 $1,348,349

Program Service Revenue $69,233,881

Investment Income $-1,134

Other Revenue $0

TOTAL REVENUE $70,581,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $37,021,840

Fundraising Expenses $0

Program Expenses $65,985,146

Other Expenses $38,590,991

TOTAL EXPENSES $75,612,831

Year-over-Year Comparison

	2023	2022	Change
Revenue	$70,581,096	$68,078,067	+0.0%
Expenses	$75,612,831	$78,098,529	0.0%
Net Income	$-5,031,735	$-10,020,462	-0.5%

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

1126

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

$51,896

Total Directors

$108,896

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GRACE Y MARRERO	REGISTERED NURSE	40.00	Highest	$169,042	$25,243	$194,285
LUCRETA BROWN	DIRECTOR OF NURSING	40.00	Highest	$177,793	$7,889	$185,682
EDIER A LEON	ADMINISTRATOR	40.00	Highest	$171,142	$8,839	$179,981
AMOS LABRANCHE	REGISTERED NURSE	40.00	Highest	$179,364	$0	$179,364
MARGARET DUFORT	LPN	40.00	Highest	$159,517	$8,839	$168,356
HOWARD JAFFE	PRESIDENT	6.00	Officer Director	$51,896	$0	$51,896
ANN MULLEN DELCOLLO	DIRECTOR	2.00	Director	$12,000	$0	$12,000
RICHARD DEPIANO JR	DIRECTOR	2.00	Director	$12,000	$0	$12,000
SANDRA OLIVER	DIRECTOR	2.00	Director	$12,000	$0	$12,000
PENNY RICHMOND	DIRECTOR	2.00	Director	$12,000	$0	$12,000
JUSTINE SCHMOLLINGER	DIRECTOR	2.00	Director	$9,000	$0	$9,000

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	$70,581,096	$75,612,831	$161,804,060	$-5,031,735
2022	$68,078,067	$78,098,529	$116,873,626	$-10,020,462
2021	$74,814,140	$79,168,131	$22,024,850	$-4,353,991
2020	$71,130,341	$72,289,812	$29,965,505	$-1,159,471
2019	$71,462,517	$67,767,371	$23,430,620	$3,695,146
2018	$87,269,444	$91,337,075	$34,749,811	$-4,067,631