FRIENDSHIP HEALTH AND REHAB CENTER… - 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

2012

Legal Domicile

Principal Officer

C MICHAEL SHANNON

Phone

5402652177

Tax Period

2024-07-01 to 2025-06-30

FRIENDSHIP HEALTH AND REHAB CENTER SOUTH, founded in 2012, is a mid-sized nonprofit in the Health Care sector that reported $18.1M in total revenue in fiscal year 2024. Expenses of $16.1M left a modest 11% surplus.

Mission

SUPPORTING FRIENDS BY PROVIDING PEACE OF MIND

Program Service Accomplishments

Program 1

Expenses: $12,094,942 Revenue: $17,449,374

FRIENDSHIP HEALTH AND REHAB CENTER SOUTH OPERATED A 120 BED SKILLED NURSING FACILITY, WITH AN OCCUPANCY RATE OF 96.28% FOR THE FISCAL YEAR. THE FACILITY HAD TOTAL CENSUS DAYS FOR ALL RESIDENTS OF...

FRIENDSHIP HEALTH AND REHAB CENTER SOUTH OPERATED A 120 BED SKILLED NURSING FACILITY, WITH AN OCCUPANCY RATE OF 96.28% FOR THE FISCAL YEAR. THE FACILITY HAD TOTAL CENSUS DAYS FOR ALL RESIDENTS OF 42,169 AND SERVED RESIDENTS WITH A VARIETY OF FINANCIAL RESOURCES. THE FACILITY PROVIDED SKILLED AND LONG TERM CARE. THE SERVICES INCLUDE NURSING, PHYSICAL, OCCUPATIONAL AND SPEECH THERAPY, DISCHARGE PLANNING, DIETARY, ENVIRONMENTAL, LAUNDRY, AND A WIDE RANGE OF ACTIVITIES. THE FACILITY HAS ALSO DEVELOPED A SPECIALTY IN WOUND CARE.

Program 2

Expenses: $988,309 Revenue: $627,774

THE CORPORATION HAS A THERAPY DEPARTMENT THAT PROVIDES PHYSICAL, OCCUPATIONAL, AND SPEECH SERVICES ON AN INPATIENT BASIS TO THE 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 $0

Program Service Revenue $18,060,218

Investment Income $274

Other Revenue $26,218

TOTAL REVENUE $18,086,710

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,655,018

Fundraising Expenses $0

Program Expenses $13,083,251

Other Expenses $6,450,115

TOTAL EXPENSES $16,105,133

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,086,710	$17,214,543	+0.1%
Expenses	$16,105,133	$15,899,760	+0.0%
Net Income	$1,981,577	$1,314,783	+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

276

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

$1,232,443

Total Directors

$436,400

Key Employees

$503,361

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN K OELSCHLAGER	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$51,500
EDWIN R FEINOUR	DIRECTOR	1.00	Director	$0	$0	$38,500
GREGORY W FELDMANN	DIRECTOR	1.00	Director	$0	$0	$40,000
NATHANIEL BISHOP	DIRECTOR	1.00	Director	$0	$0	$39,500
PAUL NESTER	DIRECTOR	1.00	Director	$0	$0	$19,000
GLEN C COMBS	DIRECTOR	1.00	Director	$0	$0	$46,100
CYNDA JOHNSON	DIRECTOR	1.00	Director	$0	$0	$46,100
LUCIAN Y GROVE JR	DIRECTOR	1.00	Director	$0	$0	$46,100
ROBERT H SANDEL	DIRECTOR	1.00	Director	$0	$0	$46,600
ROBERT C LAWSON	CHAIRMAN	1.00	Officer Director	$0	$0	$63,000
JOSEPH M HOFF	PRESIDENT & CEO	5.00	Officer	$0	$20,705	$594,635
C MICHAEL SHANNON	CFO	5.00	Officer	$0	$14,050	$442,170
CINDY MITCHELL	BOARD SECRETARY	5.00	Officer	$0	$1,417	$81,138
BENJAMIN HIGGINS	VICE PRESIDENT OF OPERATIONS - RICHFIELD	0.00	Key Emp	$0	$11,741	$264,705
BRANDON EVANS	VICE PRESIDENT OF OPERATIONS	0.00	Key Emp	$0	$13,065	$238,656
ANGELA HUGHES	VP HUMAN RESOURCES & COMPL	5.00	Highest	$0	$11,185	$249,690
MAZEN MADHOUN	PHYSICIAN	40.00	Highest	$0	$2,551	$204,071
YOLANDA DAVIS-MERCHANT	NURSE MANAGER LPN	5.00	Highest	$0	$14,180	$253,023
ROBERT MCGEE	EXECUTIVE DIRECTOR OF FACILITIES & MAINTENANCE	5.00	Highest	$0	$5,506	$172,112
MARY RODGER	DIRECTOR OF ACCOUNTING	5.00	Highest	$0	$16,386	$195,135

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	$18,086,710	$16,105,133	$25,559,146	$1,981,577
2024	$17,214,543	$15,899,760	$23,643,348	$1,314,783
2023	$16,118,371	$15,791,897	$19,451,403	$326,474
2022	$15,531,825	$14,217,332	$18,559,390	$1,314,493
2021	$15,677,982	$13,805,664	$24,240,987	$1,872,318
2021	$15,677,982	$13,805,664	$24,240,987	$1,872,318
2020	$14,079,060	$13,976,938	$25,048,663	$102,122
2019	$13,463,563	$13,865,586	$22,751,828	$-402,023

FRIENDSHIP HEALTH AND REHAB CENTER SOUTH