HEALTH SYSTEMS REAL ESTATE INC

EIN: 432007488 501(c)(3) Health Care

GRAY, GA

Total Revenue
$36,770,071
Total Expenses
$29,501,879
Total Assets
$164,127,607
Net Assets
$138,405,136
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
GA
Principal Officer
LORRAINE T TAYLOR
Phone
4786212040
Tax Period
2024-07-01 to 2025-06-30

HEALTH SYSTEMS REAL ESTATE INC, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $36.8M in total revenue in fiscal year 2024. Revenue surged 44% from the prior year, signaling strong growth momentum. The organization ran a surplus of $7.3M, a strong 20% operating margin.

Mission

TO FINANCE, ACQUIRE, LEASE, MAINTAIN AND OWN SKILLED NURSING FACILITIES AND OTHER REAL ESTATE AS PART OF AN INTEGRATED HEALTH CARE DELIVERY SYSTEM.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $15,914,680
Program Service Revenue $20,469,312
Investment Income $386,079
Other Revenue $0
TOTAL REVENUE $36,770,071

Expense Breakdown

Grants Paid $16,075,682
Salaries & Benefits $1,909,092
Fundraising Expenses $0
Program Expenses $29,501,879
Other Expenses $11,517,105
TOTAL EXPENSES $29,501,879

Year-over-Year Comparison

2024 2023 Change
Revenue $36,770,071 $25,502,896 +0.4%
Expenses $29,501,879 $13,666,078 +1.2%
Net Income $7,268,192 $11,836,818 -0.4%
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

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Governance

Voting Members
3
Independent Members
3
Employees
21
Volunteers
N/A

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
$1,688,890
Total Directors
3
$939,809
Key Employees
1
$288,513
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOSEPH A WALL CHAIRMAN 1.00
Director
$0 $0 $24,000
PAUL A CABLE DIRECTOR 1.00
Director
$0 $0 $24,000
RONNIE ROLLINS DIRECTOR/PRE 4.00
Officer Director
$0 $39,933 $891,809
LORRAINE T TAYLOR SECRETARY 4.00
Officer
$0 $40,720 $797,081
EDWARD S NELSON SVP - REAL E 40.00
Key Emp
$252,012 $36,501 $288,513
STEPHEN BUSH VP- ENGINEER 40.00
Highest
$149,233 $30,285 $179,518
LAURA KENNEDY VP-DESIGN 40.00
Highest
$108,452 $25,857 $134,309
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 $36,770,071 $29,501,879 $164,127,607 $7,268,192
2024 No data No data No data No data
2023 $14,111,077 $9,726,921 $150,483,789 $4,384,156
2022 $22,722,611 $8,146,212 $129,207,157 $14,576,399
2021 $19,183,674 $7,458,398 $136,702,604 $11,725,276
2020 $19,279,705 $8,346,585 $146,581,806 $10,933,120
2019 $18,943,321 $10,713,978 $148,343,863 $8,229,343
2018 $18,958,337 $11,176,130 $156,337,597 $7,782,207
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