ELMWOOD NURSING HOME INC HERITAGE OF ELMWOOD (EIN 391190907) - 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

1972

Legal Domicile

Principal Officer

HOLLY MALASZUK

Phone

7158323003

Tax Period

2023-07-01 to 2023-10-31

ELMWOOD NURSING HOME INC HERITAGE OF ELMWOOD, founded in 1972, is a small nonprofit that reported $206K in total revenue in fiscal year 2023. Revenue fell 92% from the prior year — a significant decline worth monitoring. Expenses of $2.2M exceeded revenue, resulting in a 959% operating deficit.

Mission

TO RESPOND TO THE SPIRITUAL, PHYSICAL, AND SOCIAL NEEDS OF PEOPLE IN ORDER TO ENHANCE HUMAN DIGNITY AND GROWTH BY PROVIDING HIGH QUALITY SERVICE.

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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 $3,950

Program Service Revenue $201,028

Investment Income $783

Other Revenue $0

TOTAL REVENUE $205,761

Expense Breakdown

Grants Paid $1,610,260

Salaries & Benefits $330,079

Fundraising Expenses $0

Program Expenses $2,132,727

Other Expenses $239,419

TOTAL EXPENSES $2,179,758

Year-over-Year Comparison

	2023	2022	Change
Revenue	$205,761	$2,521,845	-0.9%
Expenses	$2,179,758	$2,767,368	-0.2%
Net Income	$-1,973,997	$-245,523	+7.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL BOLTIK	PRESIDENT	0.50	Officer Director	$0	$0	$0
SEPTEMBER PODOLI	SECRETARY/TREASURER (THRU 08/23)	0.50	Officer Director	$0	$0	$0
JOSH BLESKACEK	TRUSTEE	0.50	Director	$0	$0	$0
PAT GERAETS	TRUSTEE	0.50	Director	$0	$0	$0
JASON SEVERSON	TRUSTEE	0.50	Director	$0	$0	$0
PAUL UNSER	TRUSTEE	0.50	Director	$0	$0	$0
LUKE WEIX	TRUSTEE	0.50	Director	$0	$0	$0
MARK WOLF	TRUSTEE	0.50	Director	$0	$0	$0
DAVID WEST	ADMINISTRATOR	40.00	Officer	$0	$0	$0

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
2023	$205,761	$2,179,758	No data	$-1,973,997
2023	$2,521,845	$2,767,368	$2,571,819	$-245,523
2022	$2,590,658	$2,730,599	$2,941,416	$-139,941
2021	$2,523,725	$2,489,467	$3,082,696	$34,258
2020	$2,360,267	$2,376,107	$3,182,679	$-15,840
2019	$2,405,389	$2,263,294	$3,087,037	$142,095
2018	$2,401,573	$2,278,226	$3,148,030	$123,347

ELMWOOD NURSING HOME INC HERITAGE OF ELMWOOD