Lima Convalescent Home Foundation Inc

EIN: 344473976 501(c)(3) Health Care

Lima, OH

Total Revenue
$11,866,478
Total Expenses
$11,996,118
Total Assets
$14,257,294
Net Assets
$8,531,006
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1951
Legal Domicile
OH
Principal Officer
Melissa Harvey
Phone
4192249741
Tax Period
2024-10-01 to 2025-09-30

Lima Convalescent Home Foundation Inc, founded in 1951, is a mid-sized nonprofit in the Health Care sector that reported $11.9M in total revenue in fiscal year 2024.

Mission

To provide high quality services at an affordable cost for both an assisted living complex and a nursing home facility.

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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 (2024)

Revenue Breakdown

Contributions & Grants $139,499
Program Service Revenue $11,652,155
Investment Income $57,413
Other Revenue $17,411
TOTAL REVENUE $11,866,478

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,230,401
Fundraising Expenses $0
Program Expenses $10,876,345
Other Expenses $4,765,717
TOTAL EXPENSES $11,996,118

Year-over-Year Comparison

2024 2023 Change
Revenue $11,866,478 $11,039,350 +0.1%
Expenses $11,996,118 $11,509,125 +0.0%
Net Income $-129,640 $-469,775 -0.7%
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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Governance

Voting Members
18
Independent Members
18
Employees
260
Volunteers
28

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
$56,665
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Margaret Whitlatch Asst Treasurer 0.00
Officer
$56,665 $0 $56,665
Warner Kugler Board Member 0.00
Director
$0 $0 $0
Linda Hovest-Bloomfield Board Member 0.00
Director
$0 $0 $0
Donald Fischer Board Member 0.00
Director
$0 $0 $0
John Stedke Board Member 0.00
Director
$0 $0 $0
James Eaton Board Member 0.00
Director
$0 $0 $0
Robert Komminsk Board Member 0.00
Director
$0 $0 $0
Carl Berger Board Member 0.00
Director
$0 $0 $0
Richard Schroeder Board Member 0.00
Director
$0 $0 $0
Nancy Rudolph Board Member 0.00
Director
$0 $0 $0
John Willamowski Board Member 0.00
Director
$0 $0 $0
Richard Kortokrax Board Member 0.00
Director
$0 $0 $0
Corliss Boose Board Member 0.00
Director
$0 $0 $0
Melissa Harvey President 0.00
Officer
$0 $0 $0
Anne Decker Asst Treasurer 0.00
Officer
$0 $0 $0
Philip Trueblood Treasurer 0.00
Officer
$0 $0 $0
Brad Roush Secretary 0.00
Officer
$0 $0 $0
Christine Provaznik Vice President 0.00
Officer
$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
2025 $11,866,478 $11,996,118 $14,257,294 $-129,640
2024 $11,039,350 $11,509,125 $14,468,107 $-469,775
2023 $13,577,418 $11,481,100 $14,695,245 $2,096,318
2022 $10,131,604 $10,328,131 $12,390,641 $-196,527
2021 $10,394,071 $10,805,475 $13,551,753 $-411,404
2020 $10,471,953 $9,669,330 $14,828,146 $802,623
2019 $8,121,357 $8,728,210 $12,108,873 $-606,853
2018 $8,670,958 $8,660,728 $9,828,691 $10,230
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