OAKWOOD VILLAGE UNIVERSITY WOODS H… - Form 990 Financial Data

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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

1948

Legal Domicile

Principal Officer

CHRISTINE O'DONNELL

Phone

6082304699

Tax Period

2024-01-01 to 2024-12-31

OAKWOOD VILLAGE UNIVERSITY WOODS HOMES INC, founded in 1948, is a mid-sized nonprofit in the Health Care sector that reported $21.1M in total revenue in fiscal year 2024. Expenses of $27.3M exceeded revenue, resulting in a 29% operating deficit.

Mission

OAKWOOD IS CALLED TO SERVE A THRIVING COMMUNITY WHERE SENIORS LIVE WITH DIGNITY, CONNECTION, AND PURPOSE.

Program Service Accomplishments

Program 1

Expenses: $12,871,962 Revenue: $10,796,620

HEBRON OAKS IS A 60 BED SKILLED NURSING FACILITY, PROVIDING NURSING SERVICES, THERAPY SERVICES, NUTRITION MANAGEMENT, MEDICATION MANAGEMENT, AND LIFE ENRICHMENT ACTIVITIES. DURING 2024, THERE WERE...

HEBRON OAKS IS A 60 BED SKILLED NURSING FACILITY, PROVIDING NURSING SERVICES, THERAPY SERVICES, NUTRITION MANAGEMENT, MEDICATION MANAGEMENT, AND LIFE ENRICHMENT ACTIVITIES. DURING 2024, THERE WERE 16,082 CENSUS DAYS OF CARE FOR THESE RESIDENTS. PAYER SOURCES FOR THESE RESIDENT DAYS INCLUDE PRIVATE PAY, MEDICARE, MANAGED CARE, AND MEDICAID. SOME OF THESE PAYER SOURCES DO NOT COVER THE FULL COST OF CARE. HOUSEKEEPING, LAUNDRY, PLANT OPERATIONS/MAINTENANCE, PHARMACY AND REHABILITATION SERVICES ARE ALSO PROVIDED AS PART OF THE OVERALL SERVICES RENDERED. RESIDENTS WHO ARE NOT ELIGIBLE FOR PUBLIC ASSISTANCE AND ARE UNABLE TO PAY MAY BE SUBSIDIZED INTERNALLY.

Program 2

Expenses: $3,709,940 Revenue: $3,111,788

COVENANT OAKS IS A 40 BED DEMENTIA-SPECIFIC ASSISTED LIVING FACILITY. DURING 2024, THERE WERE 13,883 CENSUS DAYS OF CARE FOR THESE RESIDENTS. PAYER SOURCES FOR THESE RESIDENTS INCLUDE PRIVATE PAY AND LIMITED MEDICAID-TYPE PROGRAMS. RESIDENTS WHO ARE NOT ELIGIBLE FOR PUBLIC ASSISTANCE AND ARE UNABLE TO PAY MAY BE SUBSIDIZED INTERNALLY. THE SERVICES PROVIDED INCLUDE NURSING, RESIDENT ASSISTANCE, NUTRITION MANAGEMENT, MEDICATION MANAGEMENT, LIFE ENRICHMENT ACTIVITIES AND PASTORAL CARE.

Program 3

Expenses: $4,728,945 Revenue: $3,966,499

OAKWOOD PHARMACY IS A FULL SERVICE PHARMACY PROVIDING PRESCRIPTION FULFILLMENT, MEDICATION MANAGEMENT, AND RESIDENT CONSULTING SERVICES TO ALL OAKWOOD RESIDENTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $606,159

Program Service Revenue $20,322,263

Investment Income $124,575

Other Revenue $78,736

TOTAL REVENUE $21,131,733

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,695,405

Fundraising Expenses $0

Program Expenses $24,322,508

Other Expenses $11,582,849

TOTAL EXPENSES $27,278,254

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,131,733	$19,692,710	+0.1%
Expenses	$27,278,254	$26,952,747	+0.0%
Net Income	$-6,146,521	$-7,260,037	-0.2%

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

1084

Volunteers

149

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

$955,217

Total Directors

Key Employees

$358,574

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN HAYDEN	CHAIR	2.00	Officer Director	$0	$0	$0
KELLY SITKIN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
TOM VERCAUTEREN	TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD ROSSMILLER	SECRETARY	2.00	Officer Director	$0	$0	$0
MARY MERTZ	DIRECTOR	2.00	Director	$0	$0	$0
JANICE HAMILTON-CRAWFORD	CEO	10.00	Officer	$631,276	$13,399	$644,675
CHRISTINE O'DONNELL	CFO	10.00	Officer	$301,893	$8,649	$310,542
SUSAN RAFFERTY	CHIEF HUMAN RESOURCES OFFICER	10.00	Key Emp	$342,482	$16,092	$358,574
SUSAN HUSOM	HOSPITAL CLINICAL DIRECTOR	10.00	Highest	$213,786	$26,913	$240,699
ANGELA STUDNICKA	PHARMACY DIRECTOR	10.00	Highest	$192,500	$39,185	$231,685
JENNIFER MAINA	VP OF CLINICAL EXCELLENCE	10.00	Highest	$152,387	$17,468	$169,855
MADELINE WIGER	EXECUTIVE DIRECTOR	10.00	Highest	$145,543	$12,877	$158,420
TRACY HEAD	PHARMACIST	10.00	Highest	$144,699	$39,086	$183,785

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	$21,131,733	$27,278,254	$69,594,998	$-6,146,521
2023	$19,692,710	$26,952,747	$73,630,884	$-7,260,037
2022	$17,509,891	$23,527,564	$73,340,992	$-6,017,673
2021	$14,695,232	$19,359,298	$65,944,381	$-4,664,066
2020	$15,681,676	$16,863,254	$26,090,792	$-1,181,578
2019	$16,565,763	$19,031,529	$22,808,932	$-2,465,766
2018	$17,408,371	$17,266,337	$23,479,284	$142,034

OAKWOOD VILLAGE UNIVERSITY WOODS HOMES INC