FRANCISCAN CARE CENTER

EIN: 341931806 501(c)(3) Human Services

TOLEDO, OH

Total Revenue
$8,025,174
Total Expenses
$8,828,915
Total Assets
$10,157,891
Net Assets
$5,744,338
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
OH
Principal Officer
PRENTICE O LIPSEY
Phone
4198826582
Tax Period
2023-07-01 to 2024-06-30

FRANCISCAN CARE CENTER, founded in 2000, is a community nonprofit in the Human Services sector that reported $8.0M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $8.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO DELIVER HEALTH CARE SERVICES TO THE ELDERLY AND THOSE IN NEED OF REHABILIATION IN A MANNER WHICH UPHOLDS THE MORAL, ETHICAL, AND RELIGIOUS DOCTRINES AND TEACHINGS OF THE ROMAN CATHOLIC CHURCH.

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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 $25
Program Service Revenue $7,964,301
Investment Income $81
Other Revenue $60,767
TOTAL REVENUE $8,025,174

Expense Breakdown

Grants Paid $1,100
Salaries & Benefits $4,032,065
Fundraising Expenses $0
Program Expenses $7,118,545
Other Expenses $4,795,750
TOTAL EXPENSES $8,828,915

Year-over-Year Comparison

2023 2022 Change
Revenue $8,025,174 $6,885,914 +0.2%
Expenses $8,828,915 $8,124,292 +0.1%
Net Income $-803,741 $-1,238,378 -0.4%
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

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Governance

Voting Members
3
Independent Members
N/A
Employees
187
Volunteers
10

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
5
$4,986,767
Total Directors
4
$14,582,358
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARVIN O'QUINN DIRECTOR (THRU 9/1/23)/ COO COMMONSPIRIT 1.00
Director
$0 $185,983 $9,840,285
MITCH MELFI ESQ VICE CHAIRMAN 1.00
Officer Director
$0 $41,536 $3,283,518
PRENTICE LIPSEY CHAIRMAN / PRESIDENT AND CEO 1.00
Officer Director
$0 $33,888 $871,495
TERIKA RICHARDSON DIRECTOR (BEG 1/15/24)/SEVP CHIEF OPERATING 1.00
Director
$0 $2,397 $587,060
ALISA IFFLAND TREASURER / VP OF FINANCE 1.00
Officer
$0 $16,634 $293,251
JASON NIEHAUS SECRETARY (THRU 1/15/24)/VP OF BUSINESS 1.00
Officer
$0 $32,265 $285,853
HEATHER REHMER SECRETARY (BEG 06/25/24)/VP OF OPERATOINS 1.00
Officer
$0 $32,044 $252,650
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
2025 No data No data No data No data
2024 $8,025,174 $8,828,915 $10,157,891 $-803,741
2023 $6,885,914 $8,124,292 $10,551,543 $-1,238,378
2022 $7,870,058 $8,560,271 $11,350,531 $-690,213
2021 $7,718,899 $8,220,515 $12,715,605 $-501,616
2020 $9,688,930 $8,840,123 $13,765,596 $848,807
2019 $9,479,090 $8,840,063 $14,678,207 $639,027
2018 $9,905,513 $9,272,826 $17,918,533 $632,687
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