Newbridge on the charles inc (EIN 383707573) - 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

2004

Legal Domicile

Phone

6173258000

Tax Period

2023-10-01 to 2024-09-30

Newbridge on the charles inc, founded in 2004, is a mid-sized nonprofit in the Human Services sector that reported $61.4M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

To operate a continuing care retirement living that can enrich and enhance their lives, combined with safety and healthcare options.

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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 $0

Program Service Revenue $54,516,828

Investment Income $6,499,150

Other Revenue $369,713

TOTAL REVENUE $61,385,691

Expense Breakdown

Grants Paid $0

Salaries & Benefits $25,471,307

Fundraising Expenses $0

Program Expenses $54,040,536

Other Expenses $41,114,154

TOTAL EXPENSES $66,585,461

Year-over-Year Comparison

	2023	2022	Change
Revenue	$61,385,691	$51,446,450	+0.2%
Expenses	$66,585,461	$65,842,262	+0.0%
Net Income	$-5,199,770	$-14,395,812	-0.6%

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

Employees

470

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

$2,569,781

Total Directors

$2,569,781

Key Employees

$4,808,856

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES D HART	SECRETARY & CHIEF FIN. OFFICER	4.0	Officer Director	$0	$82,599	$580,366
LOUIS J WOOLF	PRESIDENT AND CEO (THRU 7/2023, RETURNED 5/2024 TO CURRENT)	4.0	Officer Director	$0	$84,903	$1,111,402
MARSHA COHEN	TREASURER	0.1	Officer Director	$0	$0	$0
MELISSA BAYER TEARNEY	BOARD CHAIR (THRU 9/30/23)	0.1	Officer Director	$0	$0	$0
RICHARD J HENKEN	CHAIR ELECT (EFFECTIVE 10/1/23)	0.1	Officer Director	$0	$0	$0
STEVEN LANDERS	PRESIDENT AND CEO (7/2023 - 5/2024)	4.0	Officer Director	$0	$39,841	$878,013
ERIC ROGERS	CHIEF INFORMATION OFFICER	4.0	Key Emp	$0	$87,189	$438,323
KATELYN QUYNN	CHIEF DEV OFF & VP BOARD REL	4.0	Key Emp	$0	$59,137	$439,718
KATHYRN W TASKER	CHIEF SPONSORED AWARDS OFFICER	1.0	Key Emp	$0	$84,279	$362,109
KIMBERLY J BROOKS	CHIEF OP. OFFICER, SEN LIVING	5.0	Key Emp	$0	$71,184	$446,384
LEWIS LIPSITZ MD	DIR, HMIFAR & CHIEF ACAD. OFF	1.0	Key Emp	$0	$93,718	$509,310
LINDA THOMPSON	CHIEF PEOPLE OFFICER	4.0	Key Emp	$0	$77,367	$432,449
MANDEL I ERNEST MD	CHIEF MEDICAL OFFICER	2.0	Key Emp	$0	$63,347	$437,179
MATTHEW W HOLLINGSHEAD	EXECUTIVE DIRECTOR, NBOC	45.0	Key Emp	$237,808	$76,920	$314,728
RACHEL LERNER ESQUIRE	GEN. CNSL. & CHIEF COMP. OFF	4.0	Key Emp	$0	$74,001	$465,082
RHONDA D GLYMAN	EXECUTIVE DIRECTOR, ASSISTED LIVING NBOC	45.0	Key Emp	$204,243	$1,263	$205,506
SARAH L SYKORA	CHIEF COMM. & PLAN OFFICER	4.0	Key Emp	$0	$71,659	$381,463
TAMMY B RETALIC MS RN	CHIEF NURSING OFF. & VP PCS	4.0	Key Emp	$0	$80,270	$376,605
FERNANDO A RODRIGUES	DIRECTOR OF FACILITIES	45.0	Highest	$135,395	$64,423	$199,818
GARY JAMES TSACOYIANIS	CHIEF FACILITIES ENGINEER	45.0	Highest	$114,164	$11,640	$125,804
JOHN BERNARDO	SECURITY SYSTEMS TECHNICIAN	45.0	Highest	$112,564	$10,939	$123,503
JOSHUA L FERRARO	DIRECTOR OF FOOD AND BEVERAGE	45.0	Highest	$103,238	$43,312	$146,550
VICTOR M FURTADO	DIRECTOR OF COMMUNITY SECURITY INITIATIVES	45.0	Highest	$120,209	$61,391	$181,600
MARY MOSCATO FACHE	PRESIDENT, HSL HC SVCS. & HRC	1.0		$0	$47,510	$765,256

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	$61,385,691	$66,585,461	$257,198,323	$-5,199,770
2023	$51,446,450	$65,842,262	$267,363,549	$-14,395,812
2022	$55,740,429	$69,259,651	$273,146,187	$-13,519,222
2021	$54,466,975	$65,891,975	$302,355,064	$-11,425,000
2020	$52,619,860	$64,738,919	$305,900,070	$-12,119,059
2019	$52,931,856	$62,480,567	$316,235,240	$-9,548,711
2018	$52,427,579	$62,297,142	$325,952,734	$-9,869,563

Newbridge on the charles inc