NORWOOD CROSSING 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

1896

Legal Domicile

Principal Officer

SILVIA MORICI

Phone

7736314856

Tax Period

2024-01-01 to 2024-12-31

NORWOOD CROSSING ASSOCIATION, founded in 1896, is a mid-sized nonprofit in the Human Services sector that reported $21.4M in total revenue in fiscal year 2024. Expenses of $23.7M exceeded revenue, resulting in a 11% operating deficit.

Mission

NORWOOD CROSSING ENHANCES THE INDEPENDENCE AND WELL BEING OF OLDER ADULTS; WE PROVIDE OLDER ADULTS WITH A CONTINUUM OF SERVICES AND PROGRAMS THAT ARE RESPONSIVE TO THE PHYSICAL, EMOTIONAL, AND SPIRITUAL NEEDS OF THE INDIVIDUAL. WE MAINTAIN A COMFORTABLE, SECURE ENVIRONMENT THAT PROMOTES DIGNITY AND SELF WORTH.

Program Service Accomplishments

Program 1

Expenses: $18,479,277 Revenue: $21,369,332

A TOTAL OF 56,109 DAYS OF CARE WERE PROVIDED TO 361 DIFFERENT RESIDENTS IN 2024. THIS INCLUDES 21,405 DAYS COVERED BY MEDICAID. THE REIMBURSMENT RECEIVED FOR A PROVIDING CARE TO A MEDICAID RESIDENT IS $239 PER DAY. THIS CARE INCLUDED LONG TERM STAYS IN SKILLED NURSING, ASSISTED LIVING AT VARING LEVELS, AND SHORT TERM POST HOSPITAL REHAB CARE. SERVICES PROVIDED INCLUDE: PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING (BATHING, DRESSING, EATING, GROOMING, AND TOILETING), SKILLED NURSING SERVICES (INCLUDING WOUND CARE AND DISEASE MANAGEMENT), LAUNDRY AND HOUSEKEEPING SERVICES, EXERCISE PROGRAMS, ART AND MUSIC THERAPY, RELIGIOUS SERVICES, AND EDUCATIONAL PROGRAMS INCLUDING A BRAIN FITNESS PROGRAM.

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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 $21,340,328

Investment Income $70,306

Other Revenue $29,004

TOTAL REVENUE $21,439,638

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,367,490

Fundraising Expenses $0

Program Expenses $18,479,277

Other Expenses $11,324,884

TOTAL EXPENSES $23,692,374

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,439,638	$21,010,138	+0.0%
Expenses	$23,692,374	$23,743,317	0.0%
Net Income	$-2,252,736	$-2,733,179	-0.2%

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

333

Volunteers

117

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

$611,536

Total Directors

Key Employees

$231,422

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIRK DANKER	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL SCHAIK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
INGRID FORSBERG	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CHIOSTRI	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN KROLL	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MARY SUSAN CALHOUN	DIRECTOR	1.00	Director	$0	$0	$0
SILVIA MORICI	CEO	25.00	Officer	$0	$21,809	$336,710
RICHARD STEFFENS	CFO	25.00	Officer	$0	$24,764	$274,826
MARY JO BADE	CORP CLINICAL SERV DIR	39.00	Key Emp	$0	$11,351	$231,422
SONYA DAVIS	CNA	50.00	Highest	$199,920	$98	$200,018
ROJI SHAHI	RN	50.00	Highest	$169,608	$0	$169,608
JACINTA MCGEE	EXECUTIVE DIRECTOR	50.00	Highest	$157,510	$20,764	$178,274
MARILOU DICKENS	RN	50.00	Highest	$150,612	$0	$150,612
MELITA LAROCO	DIRECTOR OF NURSING	50.00	Highest	$137,655	$17,423	$155,078

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	$21,439,638	$23,692,374	$26,526,085	$-2,252,736
2023	$21,010,138	$23,743,317	$28,961,066	$-2,733,179
2022	$22,800,347	$22,029,129	$33,865,333	$771,218
2021	$23,222,742	$21,834,989	$34,569,248	$1,387,753
2020	$24,351,905	$24,776,459	$33,792,933	$-424,554
2019	$23,001,479	$24,130,598	$33,656,189	$-1,129,119
2018	$22,748,563	$23,184,350	$29,586,001	$-435,787