The Assumption Village

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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

1974

Legal Domicile

Phone

3305490740

Tax Period

2024-01-01 to 2024-12-31

Mission

The Assumption Village extends the healing ministry of Jesus by improving the health of our communities with emphasis on people who are poor and underserved.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $0

THE ASSUMPTION VILLAGE IS A LONG-TERM CARE FACILITY OFFERING MULTI-LEVEL SERVICES, INCLUDING INTERMEDIATE CARE, SKILLED NURSING CARE, ASSISTED LIVING, AND AN ALZHEIMER'S/DEMENTIA SPECIAL CARE UNIT...

THE ASSUMPTION VILLAGE IS A LONG-TERM CARE FACILITY OFFERING MULTI-LEVEL SERVICES, INCLUDING INTERMEDIATE CARE, SKILLED NURSING CARE, ASSISTED LIVING, AND AN ALZHEIMER'S/DEMENTIA SPECIAL CARE UNIT. THE ASSUMPTION VILLAGE PARTICIPATES IN THE MEDICARE AND MEDICAID PROGRAMS. The Assumption Village sold substantially all of its operating assets on March 1, 2022.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	N/A	$190,107	-1.0%
Expenses	N/A	$134,279	-1.0%
Net Income	N/A	$55,828	N/A

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

N/A

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

$2,680,315

Total Directors

$4,005,284

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Germaine Bennett	Vice Chair (Beg 01/24)	1.0	Officer Director	$0	$0	$0
JOHN LUELLEN MD	President Lorain & Youngstown Market	1.0	Officer Director	$0	$285,071	$1,494,644
Joseph Mosca PhD	Chair (Beg 01/24)	1.0	Officer Director	$0	$0	$0
Rev Lewis Macklin	Secretary/Treasurer	1.0	Officer Director	$0	$0	$0
Danielle Covelli	Board Member	1.0	Director	$0	$0	$0
Donald Kline	Board Member, BSMH COO	1.0	Director	$0	$50,351	$2,307,102
Edward Novosel DO	Board Member	1.0	Director	$0	$0	$0
Erin Bishop	Board Member (Beg 01/24)	1.0	Director	$0	$0	$0
frank BECK DDS	MHY Foundation Board President	1.0	Director	$0	$30,400	$203,538
Jessica Simon Esq	Board Member	1.0	Director	$0	$0	$0
Juan Santiago	Board Member	1.0	Director	$0	$0	$0
Rachel Hrbolich	Board Member (Beg 01/24)	1.0	Director	$0	$0	$0
Sister Maryann Golonka HM	Board Member	1.0	Director	$0	$0	$0
Sister Mildred Ely HM	Board Member	1.0	Director	$0	$0	$0
Martin Tursky	COO Lorain & Youngstown Market	1.0	Officer	$0	$83,281	$706,420
Michelle Crawford	CFO Lorain & Youngstown Market	1.0	Officer	$0	$49,489	$479,251
ANTHONY SEMINARO	Former CFO, Youngstown	0.0		$0	$160,854	$990,916

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	$190,107	$134,279	No data	$55,828
2022	$11,457,731	$2,971,208	$32,561	$8,486,523
2022	$11,457,731	$2,971,208	$32,561	$8,486,523
2021	$12,939,291	$17,977,380	$8,361,144	$-5,038,089
2020	$14,570,063	$16,979,001	$8,870,048	$-2,408,938
2019	$15,133,522	$16,774,879	$9,669,020	$-1,641,357
2018	$14,846,585	$15,615,970	$9,925,641	$-769,385