SAINT THERESE OF NEW HOPE (EIN 410888641) - 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

1965

Legal Domicile

Principal Officer

CRAIG ABBOTT

Phone

7635315000

Tax Period

2022-07-01 to 2023-06-30

SAINT THERESE OF NEW HOPE, founded in 1965, is a mid-sized nonprofit in the Human Services sector that reported $28.3M in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year. Expenses of $32.8M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE HOUSING AND NURSING CARE TO THE ELDERLY.

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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 (2022)

Revenue Breakdown

Contributions & Grants $92,632

Program Service Revenue $27,804,425

Investment Income $-263,052

Other Revenue $623,400

TOTAL REVENUE $28,257,405

Expense Breakdown

Grants Paid $72,400

Salaries & Benefits $21,404,063

Fundraising Expenses $0

Program Expenses $27,998,284

Other Expenses $11,338,788

TOTAL EXPENSES $32,815,251

Year-over-Year Comparison

	2022	2021	Change
Revenue	$28,257,405	$33,211,501	-0.1%
Expenses	$32,815,251	$29,551,207	+0.1%
Net Income	$-4,557,846	$3,660,294	-2.2%

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

439

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

$626,903

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KRENN	CHAIR	1.00	Officer Director	$0	$0	$0
PAUL VOGEL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CRAIG LEITER	SECRETARY	1.00	Officer Director	$0	$0	$0
RITA DEGNAN	TREASURER	1.00	Officer Director	$0	$0	$0
LYNN CHOROMANSKI PHD	DIRECTOR	1.00	Director	$0	$0	$0
ANN LEUKAM	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK TAFFE	DIRECTOR - EX-OFFICIO	1.00	Director	$0	$0	$0
CRAIG ABBOTT	PRESIDENT & CEO AS OF MAY 2022	16.00	Officer	$0	$7,997	$293,230
CALVIN SHELANGOSKI	CFO	16.00	Officer	$0	$21,011	$333,673
CHRISTINE DELANDER	EXECUTIVE DIRECTOR	40.00	Highest	$166,578	$13,800	$180,378
MERILYN Q SCHLIEP	LPN	40.00	Highest	$136,205	$11,858	$148,063
DARLA J KALSCHEUER	LPN	40.00	Highest	$132,443	$18,433	$150,876
GARY A CLAUSON	DIRECTOR OF PHARMACY	40.00	Highest	$124,427	$12,834	$137,261
GREGORY P HEIGEL	DIRECTOR OF DINING SERVICES	40.00	Highest	$123,562	$21,806	$145,368
BARBARA A RODE	PRESIDENT & CEO THRU MAY 2022	16.00		$0	$7,372	$422,834

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
2025	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$28,257,405	$32,815,251	$22,004,761	$-4,557,846
2022	$33,211,501	$29,551,207	$29,503,315	$3,660,294
2021	$27,128,369	$28,403,268	$35,237,694	$-1,274,899
2020	$36,427,083	$36,995,463	$31,804,224	$-568,380
2019	$41,090,542	$37,678,191	$33,211,065	$3,412,351
2018	$40,109,433	$37,963,123	$31,407,887	$2,146,310

SAINT THERESE OF NEW HOPE