BORGESS NURSING HOME INC (EIN 382555589) - 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

1984

Legal Domicile

Phone

3147338000

Tax Period

2023-07-01 to 2024-06-30

BORGESS NURSING HOME INC, founded in 1984, is a mid-sized nonprofit that reported $15.4M in total revenue in fiscal year 2023. Revenue surged 55% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.7M, a strong 18% operating margin.

Mission

TO PROVIDE SPIRITUALLY CENTERED, HOLISTIC, COMPASSIONATE SKILLED NURSING SERVICES TO THOSE IN OUR COMMUNITY FOR THE SHORT TERM OR LONG TERM.

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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 (2023)

Revenue Breakdown

Contributions & Grants $316,510

Program Service Revenue $10,602,400

Investment Income $4,512,314

Other Revenue $5,101

TOTAL REVENUE $15,436,325

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,654,527

Fundraising Expenses $0

Program Expenses $10,116,747

Other Expenses $8,060,514

TOTAL EXPENSES $12,715,041

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,436,325	$9,954,416	+0.6%
Expenses	$12,715,041	$12,750,672	0.0%
Net Income	$2,721,284	$-2,796,256	-2.0%

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

N/A

Employees

149

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

$2,849,874

Total Directors

$3,372,039

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD S FOLEY	CHAIR (END 12/2023)	1.0	Officer Director	$0	$0	$0
ERIN SHADBOLT	VP POST ACUTE & AT-HOME SERVICES & CEO (START 5/2024)/SECRETARY (START 1/2024)	0.0	Officer Director	$0	$47,152	$366,297
LISA ANN MUSGRAVE MHA BSN RN	SENIOR VP, POST-ACUTE AND AT-HOME SERVICES/CHAIR (START 1/2024)	0.0	Officer Director	$0	$53,389	$1,203,802
ROBIN T BINEK	AVP OF FINANCE, ASCENSION LIVING/TREASURER (START 9/2023)	0.0	Officer Director	$0	$46,195	$281,725
RYAN BREEDLOVE	DIRECTOR/VP POST ACUTE CONTINUING CARE & AT HOME SERVICES (START 1/2024)	0.0	Officer Director	$0	$50,101	$431,550
DAVID J BORDO MD	DIRECTOR (END 12/2023)	0.0	Director	$0	$55,285	$770,832
KAREN LAUER	DIRECTOR (END 12/2023)	1.0	Director	$0	$0	$0
KENNETH R SMOOT	DIRECTOR/CHIEF MISSION INTEGRATION OFFICER (START 1/2024)	0.0	Director	$0	$27,910	$317,833
MICHAEL ROBERT GORDON	CFO, ASCENSION LIVING (END 8/2023)	0.0	Officer	$0	$34,547	$566,500
DANIEL STRICKER	FORMER OFFICER (END 8/2022)	0.0		$0	$0	$641,193

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	No data	No data	No data	No data
2024	$15,436,325	$12,715,041	$13,547,501	$2,721,284
2023	$9,954,416	$12,750,672	$9,334,186	$-2,796,256
2022	$9,209,258	$10,397,042	$9,066,375	$-1,187,784
2021	$10,479,902	$11,372,211	$11,590,868	$-892,309
2020	$10,998,224	$11,395,182	$9,844,000	$-396,958
2019	$11,115,814	$12,609,715	$10,930,403	$-1,493,901
2018	$10,821,366	$12,304,633	$11,831,276	$-1,483,267

BORGESS NURSING HOME INC