DR KATE NEWCOMB CONVALESCENT CENTE… - 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

1980

Legal Domicile

Phone

3147338000

Tax Period

2020-07-01 to 2021-06-30

DR KATE NEWCOMB CONVALESCENT CENTER INC, founded in 1980, is a small nonprofit that reported $138K in total revenue in fiscal year 2020. Revenue fell 68% from the prior year — a significant decline worth monitoring. Expenses of $237K exceeded revenue, resulting in a 72% operating deficit.

Mission

ROOTED IN THE LOVING MINISTRY OF JESUS AS HEALER, WE COMMIT OURSELVES TO SERVING ALL PERSONS WITH SPECIAL ATTENTION TO THOSE WHO ARE POOR AND VULNERABLE. OUR CATHOLIC HEALTH MINISTRY IS DEDICATED TO SPIRITUALLY-CENTERED, HOLISTIC CARE WHICH SUSTAINS AND IMPROVES THE HEALTH OF INDIVIDUALS AND COMMUNITIES. WE ARE ADVOCATES FOR A COMPASSIONATE AND JUST SOCIETY THROUGH OUR ACTIONS AND OUR WORDS.

Program Service Accomplishments

Program 1

Expenses: $237,243 Revenue: $131,911

DR. KATE NEWCOMB CONVALESCENT CENTER, INC. PROVIDES LONG TERM NURSING SERVICES REGARDLESS OF AN INDIVIDUAL'S ABILITY TO PAY OR METHOD OF PAYMENT. BY PROVIDING THE NURSING SERVICES, IT ALLOWS THE...

DR. KATE NEWCOMB CONVALESCENT CENTER, INC. PROVIDES LONG TERM NURSING SERVICES REGARDLESS OF AN INDIVIDUAL'S ABILITY TO PAY OR METHOD OF PAYMENT. BY PROVIDING THE NURSING SERVICES, IT ALLOWS THE INDIVIDUALS TO REMAIN INDEPENDENT WHILE ADDRESSING AND MAINTAINING THEIR MEDICAL NEEDS. AS PART OF THE ASCENSION CATHOLIC HEALTH MINISTRY, THE FILING ORGANIZATION SERVED IN SUPPORT OF ASCENSION'S COMMITMENT TO BOTH CARE FOR PATIENTS AND COMMUNITIES AND SUPPORT CAREGIVERS AND OTHER ASSOCIATES THROUGH THE CHALLENGES OF THE COVID-19 GLOBAL PANDEMIC IN FY21.

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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 (2020)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $131,911

Investment Income $6,324

Other Revenue $0

TOTAL REVENUE $138,235

Expense Breakdown

Grants Paid $0

Salaries & Benefits $206,504

Fundraising Expenses $0

Program Expenses $237,243

Other Expenses $30,739

TOTAL EXPENSES $237,243

Year-over-Year Comparison

	2020	2019	Change
Revenue	$138,235	$437,316	-0.7%
Expenses	$237,243	$641,544	-0.6%
Net Income	$-99,008	$-204,228	-0.5%

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

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

$1,222,086

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	CHAIR	1.0	Officer Director	$0	$0	$0
N/A	VICE CHAIR	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY/TREASURER	1.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	CFO, MINISTRY MARKET	0.0	Officer	$0	$47,499	$915,715
N/A	CHIEF ADMINISTRATIVE OFFICER	0.0	Officer	$0	$39,678	$306,371
N/A	FORMER KEY EMPLOYEE (END 7/2016)	0.0		$0	$31,968	$271,182

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
2021	$138,235	$237,243	$4,414	$-99,008
2020	$437,316	$641,544	$215,701	$-204,228
2019	$597,756	$834,376	$270,047	$-236,620
2018	$691,426	$642,444	$284,991	$48,982

DR KATE NEWCOMB CONVALESCENT CENTER INC