TOLEDO DISTRICT NURSE ASSOCIATION

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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

1908

Legal Domicile

Principal Officer

STEVEN M CAVANAUGH

Phone

5675853618

Tax Period

2018-01-01 to 2018-12-31

TOLEDO DISTRICT NURSE ASSOCIATION, founded in 1908, is a small nonprofit that reported $160K in total revenue in fiscal year 2018. Revenue fell 87% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $158K, a strong 98% operating margin.

Mission

TOLEDO DISTRICT NURSE ASSOCIATION WILL SUPPORT PROMEDICA HEALTH SYSTEM, INC. BY PROVIDING ACCESS TO A SEAMLESS CONTINUUM OF SERVICES IN THE COMMUNITIES IT SERVES.

Program Service Accomplishments

Program 1

Expenses: $-6,080 Revenue: $22,866

TOLEDO DISTRICT NURSE ASSOCIATION OFFERS PATIENTS SKILLED NURSING SERVICES THAT ARE PROVIDED UNDER THE DIRECTION OF A PHYSICIAN IN THE PRIVACY AND COMFORT OF THEIR OWN HOMES. - SEE SCHEDULE O.

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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 (2018)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $22,866

Investment Income $137,458

Other Revenue $0

TOTAL REVENUE $160,324

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $-6,080

Other Expenses $2,538

TOTAL EXPENSES $2,538

Year-over-Year Comparison

	2018	2017	Change
Revenue	$160,324	$1,202,516	-0.9%
Expenses	$2,538	$825,346	-1.0%
Net Income	$157,786	$377,170	-0.6%

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

$6,793,549

Total Directors

$9,201,473

Key Employees

$849,557

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BLAIR R SABA	TRUSTEE	1.00	Director	$0	$0	$0
BRIAN K MILLER MD	TRUSTEE	1.00	Director	$0	$47,147	$537,854
CATHERINE G FARLEY	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL K CASSAVAR MD	PRESIDENT, EX OFFICIO	1.00	Officer Director	$0	$681,739	$1,525,315
DONALD G CRESCENZO MD	TRUSTEE	1.00	Director	$0	$45,633	$995,005
EDWARD J BARDI PHD	TRUSTEE	1.00	Director	$0	$0	$0
EMORY M SCHMIDT	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ERICH L WEINLANDER	TRUSTEE	1.00	Director	$0	$0	$0
JENNIFER L ZALECKI	TRUSTEE	1.00	Director	$0	$0	$0
JOHN W HENRY	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH A ASSENMACHER MD	TRUSTEE	1.00	Director	$0	$53,563	$773,303
JOSEPH D NAPOLI	TRUSTEE	1.00	Director	$0	$0	$0
KENT E BISHOP MD	EX OFFICIO	1.00	Director	$0	$53,747	$613,326
KEVIN C WEBB PHD	EX OFFICIO	0.50	Director	$0	$58,089	$883,614
KEVIN M PIROZEK	TRUSTEE	1.00	Director	$0	$0	$0
LEAH MAGUIRE	TRUSTEE	1.00	Director	$0	$0	$0
MARGARET L LENT MSN	TRUSTEE	1.00	Director	$0	$32,126	$131,606
MARK S BARNES	TRUSTEE	1.00	Director	$0	$0	$0
RANDALL OOSTRA	PHS PRES & CEO, EX OFFICIO	1.00	Officer Director	$0	$157,073	$3,061,318
ROBERT W LACLAIR	EX OFFICIO	1.00	Director	$0	$0	$0
RONALD J WAINZ MD	TRUSTEE	1.00	Director	$0	$52,507	$680,132
RONALD W MATTER	TRUSTEE	1.00	Director	$0	$0	$0
SUSAN P BERNARD	TRUSTEE	1.00	Director	$0	$0	$0
TIMOTHY BUBLICK	TRUSTEE	1.00	Director	$0	$0	$0
JEFFREY C KUHN	SECRETARY	0.50	Officer	$0	$69,385	$878,425
MICHAEL P BROWNING	TREASURER	0.50	Officer	$0	$81,854	$1,328,491
BRYAN C ZACHARIAS	VP FINANCE PPG	0.50	Key Emp	$0	$17,476	$214,234
RANDALL SCHIMMOELLER	SR. VP, POST ACUTE & SOC DET	0.50	Key Emp	$0	$43,271	$429,395
RICHARD E RUSSELL	VP, PAT CARE/CNO, POST ACUTE	0.50	Key Emp	$0	$31,304	$205,928
ALAN M SATTLER	FORMER OFFICER	0.00		$0	$54,541	$217,063
GARY W AKENBERGER	FORMER OFFICER	0.00		$0	$64,476	$612,729
KATHLEEN S HANLEY	FORMER OFFICER	0.00		$0	$0	$1,569,411
KIM MCCLURE	FORMER KEY EMPLOYEE	0.00		$0	$1,820	$131,807
LEE W HAMMERLING MD	FORMER OFFICER	0.00		$0	$54,694	$1,125,992

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
2018	$160,324	$2,538	No data	$157,786