MARWOOD MANOR NURSING HOME

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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

1986

Legal Domicile

Principal Officer

BRIAN OBERLY

Phone

8109828591

Tax Period

2023-10-01 to 2024-09-30

MARWOOD MANOR NURSING HOME, founded in 1986, is a mid-sized nonprofit that reported $29.8M in total revenue in fiscal year 2023. Expenses of $26.3M left a modest 12% surplus.

Mission

TO PROVIDE OUR RESIDENTS WITH QUALITY CARE IN A SAFE AND COMFORTABLE ENVIRONMENT.

Program Service Accomplishments

Program 1

Expenses: $18,820,255 Revenue: $26,807,787

PROVIDED NURSING HOME SERVICES. CURRENTLY, THE NURSING HOME HAS 240 BEDS. DURING FY 2024, 560 PATIENTS WERE ADMITTED, OF WHICH 371 (OR 66.25%) CAME FROM MCLAREN PORT HURON HOSPITAL. TOTAL PATIENT...

PROVIDED NURSING HOME SERVICES. CURRENTLY, THE NURSING HOME HAS 240 BEDS. DURING FY 2024, 560 PATIENTS WERE ADMITTED, OF WHICH 371 (OR 66.25%) CAME FROM MCLAREN PORT HURON HOSPITAL. TOTAL PATIENT DAYS WERE 76,341. A TOTAL OF 82.11% OF PATIENT DAYS REPRESENTS CARE TO THE INDIGENT AND ELDERLY POPULATION OF THE COMMUNITY THROUGH THE MEDICAID AND MEDICARE PROGRAMS. 5,893 MEDICARE HMO DAYS5,833 MEDICARE DAYS49,926 MEDICAID DAYS1,035 MEDICAID HOSPICE DAYS

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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 $1,377,720

Program Service Revenue $26,807,787

Investment Income $1,597,185

Other Revenue $40,102

TOTAL REVENUE $29,822,794

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,328,990

Fundraising Expenses $0

Program Expenses $18,820,255

Other Expenses $8,986,671

TOTAL EXPENSES $26,315,661

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,822,794	$28,493,160	+0.0%
Expenses	$26,315,661	$25,788,140	+0.0%
Net Income	$3,507,133	$2,705,020	+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

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

431

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

$1,246,615

Total Directors

$1,047,217

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN OBERLY	ADMINISTRATOR	40.00	Officer Director	$195,275	$39,616	$234,891
JOHN JARAD MD	MEDICAL DIRECTOR	8.00	Director	$30,800	$0	$30,800
ERIC CECAVA	DIRECTOR/PRESIDENT & CEO M	1.00	Officer Director	$0	$124,554	$781,526
GEOF KUSCH MD	CHAIRMAN	1.00	Officer Director	$0	$0	$0
FRANKLIN MORTIMER II	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
MIKE TURNBULL	CHAIRMAN - PART YEAR	1.00	Officer Director	$0	$0	$0
KAREN BASHA	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
SCOTT CRAWFORD	DIRECTOR	1.00	Director	$0	$0	$0
TRACY DUNSMORE MSN RN	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LEVEILLE	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
ANIL PATEL MD	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS SEPPO	DIRECTOR	1.00	Director	$0	$0	$0
DUNCAN SMITH	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
KORISSA WILKINS	DIRECTOR - PART YEAR	1.00	Director	$0	$0	$0
GREGORY BUCK MARTIN II	DIRECTOR	1.00	Director	$0	$0	$0
EILEEN KOPPINGER	DIRECTOR	1.00	Director	$0	$0	$0
AARON FAUST	DIRECTOR	1.00	Director	$0	$0	$0
KYLE VINING	ASSISTANT TREASURER	1.00	Officer	$0	$13,906	$230,198
JOYCE RICHARDSON	SPVR NURSING	40.00	Highest	$114,850	$25,641	$140,491
DIANE RODRIGUEZ	REG NURSE RESOURCE NO BENEFIT	40.00	Highest	$108,624	$37,398	$146,022
DIANE SCHUNK	NURSE PRACTITIONER	40.00	Highest	$137,233	$12,930	$150,163
KIM KOESTER	DIRECTOR OF NURSING	40.00	Highest	$127,887	$21,755	$149,642

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	$29,822,794	$26,315,661	$41,099,451	$3,507,133
2023	$28,493,160	$25,788,140	$36,862,305	$2,705,020
2022	$24,578,992	$23,185,091	$35,730,619	$1,393,901
2021	$24,316,598	$22,704,602	$35,416,366	$1,611,996
2020	$25,761,916	$21,962,284	$33,498,932	$3,799,632
2019	$25,625,276	$22,473,022	$28,475,345	$3,152,254
2018	$23,348,795	$21,206,325	$26,128,404	$2,142,470