SLOVENE HOME FOR THE AGED

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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

1957

Legal Domicile

Phone

2164860268

Tax Period

2023-01-01 to 2023-12-31

SLOVENE HOME FOR THE AGED, founded in 1957, is a community nonprofit that reported $8.3M in total revenue in fiscal year 2023. Revenue surged 24% from the prior year, signaling strong growth momentum. Expenses of $12.2M exceeded revenue, resulting in a 47% operating deficit.

Mission

THE SLOVENE HOME FOR THE AGED IS DEDICATED TO PROVIDING CARE AND SERVICES OF THE HIGHEST QUALITY POSSIBLE IN A HOME LIKE ENVIRONMENT IN ORDER TO MEET THE MEDICAL, SOCIAL, PSYCHOLOGICAL, RELIGIOUS, AND CULTURAL NEEDS OF ITS RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $9,594,006 Revenue: $6,561,585

SKILLED AND INTERMEDIATE NURSING CARE FOR THE AGED OF THE COMMUNITY LICENSED AND CERTIFIED BY THE STATE OF OHIO.

Program 2

Expenses: $223,623 Revenue: $385,359

ASSISTED LIVING UNITS TO SERVICE THE NEEDS OF THE 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 (2023)

Revenue Breakdown

Contributions & Grants $1,000,000

Program Service Revenue $6,946,944

Investment Income $176,861

Other Revenue $224,802

TOTAL REVENUE $8,348,607

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,693,733

Fundraising Expenses $0

Program Expenses $9,817,629

Other Expenses $7,546,590

TOTAL EXPENSES $12,240,323

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,348,607	$6,756,152	+0.2%
Expenses	$12,240,323	$10,283,550	+0.2%
Net Income	$-3,891,716	$-3,527,398	+0.1%

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

159

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY HITI	PRESIDENT	8.00	Officer Director	$0	$0	$0
SCOTT ZELE	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
TIMOTHY PERCIC	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JEFFERY SAS	N.H.A.	40.00	Highest	$181,724	$0	$181,724
DOUGLAS ELERSICH	TRUSTEE	2.00	Director	$0	$0	$0
N/A	TRUSTEE	2.00	Director	$0	$0	$0
DALE LUZAR	TRUSTEE	2.00	Director	$0	$0	$0
KAREN ZIGMAN	TRUSTEE	2.00	Director	$0	$0	$0
PHILIP HRVATIN	PAST PRESIDENT	2.00	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
2024	No data	No data	No data	No data
2023	$8,348,607	$12,240,323	$20,558,288	$-3,891,716
2022	$6,756,152	$10,283,550	$23,993,506	$-3,527,398
2021	$8,753,686	$7,429,807	$27,855,426	$1,323,879
2020	$14,376,427	$10,778,438	$28,666,041	$3,597,989
2019	$12,280,553	$11,387,888	$26,053,508	$892,665
2018	$11,846,018	$12,322,859	$25,047,362	$-476,841