CLEVELAND, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)SLOVENE HOME FOR THE AGED FOUNDATION, founded in 1997, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.0M in total revenue in fiscal year 2024. Revenue surged 951% from the prior year, signaling strong growth momentum. Expenses of $2.0M exceeded revenue, resulting in a 94% operating deficit.
THE FOUNDATION SERVES AS THE SUPPORTING ORGANIZATION FOR THE SLOVENE HOME FOR THE AGED, WHICH OPERATES A 110 BED SKILLED NURSING HOME. RESIDENTS OF THE HOME THAT ARE UNABLE TO PAY THE FULL COST OF CARE ARE SUPPORTED BY GOVERNMENTAL PROGRAMS AND CHARITABLE SUPPORT.
THE FOUNDATION SERVES AS THE SUPPORTING ORGANIZATION FOR THE SLOVENE HOME FOR THE AGED, WHICH OPERATES A 110 BED SKILLED NURSING HOME. RESIDENTS OF THE HOME THAT ARE UNABLE TO PAY THE FULL COST OF...
THE FOUNDATION SERVES AS THE SUPPORTING ORGANIZATION FOR THE SLOVENE HOME FOR THE AGED, WHICH OPERATES A 110 BED SKILLED NURSING HOME. RESIDENTS OF THE HOME THAT ARE UNABLE TO PAY THE FULL COST OF CARE ARE SUPPORTED BY GOVERNMENTAL PROGRAMS AND CHARITABLE SUPPORT.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $1,006,062 | $95,710 | +9.5% |
| Expenses | $1,954,729 | $1,092,073 | +0.8% |
| Net Income | $-948,667 | $-996,363 | 0.0% |
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 |
|---|---|---|---|---|---|---|
| MATTHEW KOCIN | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALENKA WINSLETT | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN BLANCHARD | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RAY MARVAR | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| ALBERT KLAVORA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DOUG ELERSICH | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KANDACE FRANKLIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIA HECKAMAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,006,062 | $1,954,729 | $23,850,988 | $-948,667 |
| 2023 | $95,710 | $1,092,073 | $24,065,013 | $-996,363 |
| 2022 | $1,252,192 | $660,944 | $23,693,499 | $591,248 |
| 2021 | $1,671,747 | $78,176 | $24,916,267 | $1,593,571 |
| 2020 | $185,074 | $2,252,220 | $21,911,740 | $-2,067,146 |
| 2019 | $1,099,059 | $88,812 | $23,388,153 | $1,010,247 |
| 2018 | $1,254,557 | $89,995 | $21,322,038 | $1,164,562 |
Compare SLOVENE HOME FOR THE AGED FOUNDATION with other nonprofits in Ohio and across the country.