Oakwood Health Promotions Inc

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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

1985

Legal Domicile

Phone

6163912022

Tax Period

2022-01-01 to 2022-12-31

Oakwood Health Promotions Inc, founded in 1985, is a mid-sized nonprofit in the Health Care sector that reported $17.5M in total revenue in fiscal year 2022. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $21.1M exceeded revenue, resulting in a 20% operating deficit.

Mission

OAKWOOD HEALTH PROMOTIONS, INC.'S PRIMARY EXEMPT PURPOSE IS THE PROVISION OF FOUR DIFFERENT LEVELS OF ELDER CARE: INDEPENDENT LIVING, ASSISTED LIVING, ALZHEIMER'S CARE, AND SKILLED NURSING CARE.

Program Service Accomplishments

Program 1

Expenses: $18,720,652 Revenue: $16,537,054

OAKWOOD HEALTH PROMOTIONS, INC. PROVIDES SENIOR LIVING APARTMENTS FOR OVER 165 RESIDENTS, AND ASSISTED LIVING APARTMENTS FOR OVER 42 RESIDENTS WHICH INCLUDES MEALS, ACTIVITIES, SECURITY SERVICES...

OAKWOOD HEALTH PROMOTIONS, INC. PROVIDES SENIOR LIVING APARTMENTS FOR OVER 165 RESIDENTS, AND ASSISTED LIVING APARTMENTS FOR OVER 42 RESIDENTS WHICH INCLUDES MEALS, ACTIVITIES, SECURITY SERVICES, TRANSPORTATION, AND FITNESS. OAKWOOD HEALTH PROMOTIONS, INC. ALSO PROVIDES NURSING HOME CARE, WITH THE MAJORITY OF THE NURSIING HOME RESIDENTS BEING MEDICARE OR MEDICAID PATIENTS.

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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 $107,045

Program Service Revenue $16,536,695

Investment Income $904,476

Other Revenue $359

TOTAL REVENUE $17,548,575

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $18,720,652

Other Expenses $21,123,809

TOTAL EXPENSES $21,123,809

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,548,575	$23,683,241	-0.3%
Expenses	$21,123,809	$22,899,977	-0.1%
Net Income	$-3,575,234	$783,264	-5.6%

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

N/A

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

$10,529,992

Total Directors

$3,949,272

Key Employees

Highest Compensated

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	$33,602	$277,850
N/A	DIRECTOR/PRESIDENT/SECRETARY	1.0	Officer Director	$0	$79,715	$352,090
N/A	DIRECTOR/TREASURER - PART YEAR	1.0	Officer Director	$0	$9,199	$89,688
N/A	DIRECTOR/CHAIR - PART YEAR	1.0	Officer Director	$0	$27,294	$240,401
N/A	DIRECTOR/CHAIR - PART YEAR	1.0	Officer 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	FORMER HIGHEST PAID	0.0		$0	$75,060	$399,533
N/A	FORMER HIGHEST PAID	0.0		$0	$27,670	$182,091
N/A	FORMER HIGHEST PAID	0.0		$0	$74,744	$422,943
N/A	FORMER HIGHEST PAID	0.0		$0	$59,823	$199,859
N/A	FORMER HIGHEST PAID	0.0		$0	$39,621	$281,272

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	$17,548,575	$21,123,809	$120,921,715	$-3,575,234
2021	$23,683,241	$22,899,977	$134,950,596	$783,264
2020	$28,008,850	$25,969,378	$133,960,465	$2,039,472
2019	$34,338,494	$33,162,095	$109,107,637	$1,176,399
2018	$32,097,556	$33,145,051	$101,631,052	$-1,047,495