LEGACY HEALTHCARE SERVICES INC

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1999

Legal Domicile

Principal Officer

Jeff Ryan

Phone

9194245080

Tax Period

2023-01-01 to 2023-12-31

LEGACY HEALTHCARE SERVICES INC, founded in 1999, is a major nonprofit in the Health Care sector that reported $140.2M in total revenue in fiscal year 2023. Expenses of $130.6M left a modest 7% surplus.

Mission

Improve the health of senior adults so they may live life the way they want to live it through: wellness, education, safety, rehabilitation, caring.

Program Service Accomplishments

Program 1

Expenses: $113,677,311 Revenue: $139,982,005

Legacy Healthcare Services provides physical therapy, occupational therapy, speech language pathology, and wellness services to the geriatric population in assisted living, independent living...

Legacy Healthcare Services provides physical therapy, occupational therapy, speech language pathology, and wellness services to the geriatric population in assisted living, independent living, continuing care retirement, and memory care communities across the United States. Legacy's corporate office is located in Raleigh, North Carolina. The company also provides services at skilled nursing facilities and in numerous Medicare-certified out-patient clinics under contract arrangement. Legacy's therapeutic techniques and programs incorporate principles of rehabilitation and healthy aging while emphasizing home and community independence. The services provided are both rehabilitative and preventative with a strong component of health and fitness education. Legacy also offers a variety of clinical programs aimed at ensuring that the seniors that are served are provided with every opportunity to live their best life. Legacy's model incorporates the concept that an on-site therapy clinic based in assisted and independent living communities will benefit the residents of those communities. By creating an environment of familiarity and trust, the company's therapists are well-positioned to identify subtle changes in independence. Left unaddressed, these changes may be the tipping point for reduced mobility, advancing isolation, and premature aging.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $139,949,877

Investment Income $32,128

Other Revenue $237,951

TOTAL REVENUE $140,219,956

Expense Breakdown

Grants Paid $0

Salaries & Benefits $115,449,916

Fundraising Expenses $0

Program Expenses $113,677,311

Other Expenses $15,189,270

TOTAL EXPENSES $130,639,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$140,219,956	$131,000,981	+0.1%
Expenses	$130,639,186	$119,373,314	+0.1%
Net Income	$9,580,770	$11,627,667	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

N/A

Employees

3182

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

$601,211

Total Directors

$949,789

Key Employees

$980,393

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
John Murta	Board Member	2	Director	$0	$7,597	$348,578
Jeff Ryan	CEO	40	Officer Director	$307,332	$20,122	$327,454
Joseph Sardoni	Regional VP of Business Development	40	Highest	$312,385	$6,476	$318,861
Gil Wilson	CFO and Treasurer	40	Officer Director	$254,169	$19,588	$273,757
Melissa Hale	COO	40	Key Emp	$239,288	$9,703	$248,991
Jeff Fink	Senior VP of HR and Administration	40	Key Emp	$207,080	$7,593	$214,673
Charles Hale	CIO	40	Key Emp	$192,897	$6,113	$199,010
Adam Schambach	Director of Revenue Cycle	40	Highest	$159,971	$20,122	$180,093
Wendi Kanuch	Regional VP of Business Development	40	Highest	$159,410	$19,588	$178,998
Lynette Kentgen	VP of Operations	40	Highest	$167,261	$9,703	$176,964
Geoffrey Diek	VP of Operations	40	Key Emp	$161,606	$0	$161,606
Luke Kontras	VP of Operations	40	Highest	$159,658	$0	$159,658
Kathleen Dwyer	VP of Compliance	40	Key Emp	$156,113	$0	$156,113
E Anthony Woods	Chair	2	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	$140,219,956	$130,639,186	$128,409,923	$9,580,770
2022	$131,000,981	$119,373,314	$127,970,994	$11,627,667
2021	$129,375,945	$110,176,833	$130,717,949	$19,199,112
2020	$116,232,011	$94,750,472	$132,404,339	$21,481,539
2019	$55,748,226	$48,153,181	$129,956,993	$7,595,045