Mansfield Memorial Homes Inc

EIN: 340865526 501(c)(3) Health Care

Mansfield, OH

Total Revenue
$5,154,165
Total Expenses
$6,863,587
Total Assets
$5,102,763
Net Assets
$3,736,562
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1954
Legal Domicile
OH
Principal Officer
Martin Tremmel
Phone
4197745100
Tax Period
2023-01-01 to 2023-12-31

Mansfield Memorial Homes Inc, founded in 1954, is a community nonprofit in the Health Care sector that reported $5.2M in total revenue in fiscal year 2023. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $6.9M exceeded revenue, resulting in a 33% operating deficit.

Mission

Establishing and maintaining a home or otherwise providing for elderly and/or indigent men and women, and acquiring by purchase, lease or otherwise the real property necessary or convenient therefore; constructing, improving, and maintaining buildings thereon; receiving, holding, investing, and disbursing gifts, bequests, and other funds; and doing any and all things necessary and incident thereto.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $269,082
Program Service Revenue $4,375,088
Investment Income $36,708
Other Revenue $473,287
TOTAL REVENUE $5,154,165

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,126,687
Fundraising Expenses $0
Program Expenses $5,886,707
Other Expenses $3,736,900
TOTAL EXPENSES $6,863,587

Year-over-Year Comparison

2023 2022 Change
Revenue $5,154,165 $6,736,236 -0.2%
Expenses $6,863,587 $6,206,613 +0.1%
Net Income $-1,709,422 $529,623 -4.2%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
174
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
3
$115,120
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Martin Tremmel CEO 40.00
Officer
$115,000 $120 $115,120
John Leech Trustee 0.00
Director
$0 $0 $0
Joseph Kurtzman Trustee 0.00
Director
$0 $0 $0
Robert Exten Trustee 0.00
Director
$0 $0 $0
Kim Foster Trustee 0.00
Director
$0 $0 $0
Brian Joyce Trustee 0.00
Officer Director
$0 $0 $0
Harry Frietchen Trustee 0.00
Director
$0 $0 $0
John J Kastelic Treasurer 0.00
Officer Director
$0 $0 $0
Ray Loughman Trustee 0.00
Director
$0 $0 $0
Ary van Harlingen President 0.00
Director
$0 $0 $0
Nick Atterholt Trustee 0.00
Director
$0 $0 $0
Michael Kemerer Trustee 0.00
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
2023 $5,154,165 $6,863,587 $5,102,763 $-1,709,422
2022 $6,736,236 $6,206,613 $7,240,192 $529,623
2021 $5,465,066 $6,109,805 $5,766,283 $-644,739
2020 $6,837,480 $6,704,551 $7,072,669 $132,929
2019 $6,499,107 $7,295,273 $6,415,641 $-796,166
2018 $6,427,005 $7,068,842 $7,116,619 $-641,837
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