NORTHWEST HOME FOR THE AGED (EIN 362216170) - Form 990 Financial Analysis & Trantor Score

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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

1944

Legal Domicile

Principal Officer

DAVID RUBIN

Phone

7734656700

Tax Period

2022-01-01 to 2022-12-31

NORTHWEST HOME FOR THE AGED, founded in 1944, is a community nonprofit in the Health Care sector that reported $6.7M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Net assets of $94.8M represent 171 months of operating reserves.

Mission

TO PROVIDE INDEPENDENT LIVING FOR THE ELDERLY IN THE CHICAGOLAND AREA

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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 (2022)

Revenue Breakdown

Contributions & Grants $9,675

Program Service Revenue $2,826,305

Investment Income $3,825,679

Other Revenue $0

TOTAL REVENUE $6,661,659

Expense Breakdown

Grants Paid $5,400

Salaries & Benefits $1,459,646

Fundraising Expenses $0

Program Expenses $5,828,753

Other Expenses $5,425,903

TOTAL EXPENSES $6,890,949

Year-over-Year Comparison

	2022	2021	Change
Revenue	$6,661,659	$7,962,080	-0.2%
Expenses	$6,890,949	$11,443,433	-0.4%
Net Income	$-229,290	$-3,481,353	-0.9%

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

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

$143,228

Total Directors

$1,265

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RUBIN	PRESIDENT	5.00	Officer Director	$0	$0	$0
SANFORD BOKOR	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
MARVIN KATZ	SECRETARY	5.00	Officer Director	$0	$0	$0
NORMAN FINKEL	TREASURER	5.00	Officer Director	$0	$0	$0
RONALD ABRAMS	DIRECTOR	5.00	Director	$0	$0	$0
RALPH BROOKS	DIRECTOR	5.00	Director	$0	$0	$0
SHELDON COHEN	DIRECTOR	5.00	Director	$0	$0	$0
JAY GOODGOLD	DIRECTOR	5.00	Director	$0	$0	$0
STEVEN GOODMAN	DIRECTOR	5.00	Director	$0	$0	$0
STEPHEN LANDES	DIRECTOR	5.00	Director	$0	$0	$0
MARSHA LYONS	DIRECTOR	5.00	Director	$0	$0	$0
JAMES MAINZER	DIRECTOR	5.00	Director	$0	$0	$0
HON JEROME ORBACH	DIRECTOR	5.00	Director	$0	$0	$0
ALAN CAPLAN	PRESIDENT (THROUGH 1/22)	5.00	Officer Director	$1,265	$0	$1,265
ELLY BAUMAN	EXECUTIVE DIRECTOR	40.00	Officer	$141,963	$0	$141,963
HILLEL LIPSON	DIRECTOR - SALES & MKTG	40.00	Highest	$106,977	$0	$106,977

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
2022	$6,661,659	$6,890,949	$98,417,484	$-229,290
2021	$7,962,080	$11,443,433	$118,493,742	$-3,481,353
2020	$4,849,661	$6,501,089	$116,217,011	$-1,651,428
2019	$6,153,327	$16,867,888	$113,108,895	$-10,714,561
2018	$76,530,519	$7,623,065	$103,701,570	$68,907,454

NORTHWEST HOME FOR THE AGED