Botsford Continuing Care Corporation

EIN: 382549505 501(c)(3) Health Care

Soutfield, MI

Total Revenue
$12,077,475
Total Expenses
$18,012,116
Total Assets
$27,443,176
Net Assets
$-61,628,654
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MI
Phone
6163912022
Tax Period
2022-01-01 to 2022-12-31

Botsford Continuing Care Corporation, founded in 1984, is a mid-sized nonprofit in the Health Care sector that reported $12.1M in total revenue in fiscal year 2022. Revenue decreased 10% compared to the prior year. Expenses of $18.0M exceeded revenue, resulting in a 49% operating deficit.

Mission

IMPROVE HEALTH, INSTILL HUMANITY AND INSPIRE HOPE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $489,143
Program Service Revenue $11,492,405
Investment Income $0
Other Revenue $95,927
TOTAL REVENUE $12,077,475

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,147,998
Fundraising Expenses $0
Program Expenses $16,991,015
Other Expenses $9,864,118
TOTAL EXPENSES $18,012,116

Year-over-Year Comparison

2022 2021 Change
Revenue $12,077,475 $13,440,460 -0.1%
Expenses $18,012,116 $18,116,717 0.0%
Net Income $-5,934,641 $-4,676,257 +0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
3
Independent Members
N/A
Employees
173
Volunteers
26

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
$8,296,136
Total Directors
5
$4,253,929
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A DIRECTOR/CHAIR 1.0
Officer Director
$0 $94,020 $450,730
N/A DIRECTOR/TREASURER 1.0
Officer Director
$0 $174,919 $672,195
N/A DIRECTOR/PRESIDENT/SECRETARY 50.0
Officer Director
$272,375 $79,715 $352,090
N/A DIRECTOR/CHAIR 1.0
Officer Director
$0 $27,294 $240,401
N/A DIRECTOR 1.0
Director
$0 $11,828 $2,538,513
N/A CEO 0.0
Officer
$0 $1,190,017 $4,492,371
N/A CFO 0.0
Officer
$0 $522,977 $2,088,349
N/A SUPV NURSING RN LTC 50.0
Highest
$120,148 $27,416 $147,564
N/A DIR RES SVC LTC 50.0
Highest
$128,448 $18,318 $146,766
N/A CLINICAL NURSE LTC 50.0
Highest
$139,786 $13,155 $152,941
N/A SR. DIR SKILLED NURSING LTC 50.0
Highest
$170,346 $32,131 $202,477
N/A CLINICAL NURSE LTC 50.0
Highest
$339,024 $18,951 $357,975
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 $12,077,475 $18,012,116 $27,443,176 $-5,934,641
2021 $13,440,460 $18,116,717 $28,850,593 $-4,676,257
2020 $16,692,642 $19,946,361 $28,554,348 $-3,253,719
2019 $21,687,161 $23,901,480 $28,386,969 $-2,214,319
2018 $19,194,048 $22,740,922 $25,156,812 $-3,546,874
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