Schaffer Extended Care Center

EIN: 462929888 501(c)(3) Health Care

NEW ROCHELLE, NY

Total Revenue
$17,303,176
Total Expenses
$25,884,167
Total Assets
$7,434,722
Net Assets
$-35,784,586
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
NY
Phone
9143498400
Tax Period
2023-01-01 to 2023-12-31

Schaffer Extended Care Center, founded in 2013, is a mid-sized nonprofit in the Health Care sector that reported $17.3M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year. Expenses of $25.9M exceeded revenue, resulting in a 50% operating deficit.

Mission

TO HEAL, TO TEACH, TO DISCOVER AND TO ADVANCE THE HEALTH OF THE COMMUNITIES WE SERVE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $62,255
Program Service Revenue $17,131,410
Investment Income $109,498
Other Revenue $13
TOTAL REVENUE $17,303,176

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,490,284
Fundraising Expenses $0
Program Expenses $25,219,336
Other Expenses $11,393,883
TOTAL EXPENSES $25,884,167

Year-over-Year Comparison

2023 2022 Change
Revenue $17,303,176 $18,219,145 -0.1%
Expenses $25,884,167 $23,952,846 +0.1%
Net Income $-8,580,991 $-5,733,701 +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

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Liquidity & Cash Position

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Governance

Voting Members
36
Independent Members
35
Employees
163
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
3
$21,913,035
Total Directors
37
$16,361,629
Key Employees
1
$2,759,560
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A PRESIDENT & CEO 2.0
Officer Director
$0 $46,776 $16,361,629
N/A SECRETARY 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A VICE CHAIR 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE (RESIGNED 1/24/2023) 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TREASURER 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A CHAIRMAN 0.3
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.2
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A TRUSTEE 0.1
Director
$0 $0 $0
N/A ASSISTANT SECRETARY 2.0
Officer
$0 $46,882 $1,872,945
N/A EXEC VP & CFO 2.0
Officer
$0 $29,882 $3,678,461
N/A SYSTEM SENIOR VP-OPERATIONS 2.0
Key Emp
$0 $46,906 $2,759,560
N/A ASSISTANT DIRECTOR NURSING 60.0
Highest
$154,384 $32,623 $187,007
N/A MEDICAL DIRECTOR 34.0
Highest
$176,935 $6,773 $183,708
N/A REGISTERED NURSE 60.0
Highest
$178,753 $25,504 $204,257
N/A NURSE MANAGER 60.0
Highest
$195,380 $28,903 $224,283
N/A ADMINISTRATOR 40.0
Highest
$167,736 $28,188 $195,924
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
2024 No data No data No data No data
2023 $17,303,176 $25,884,167 $7,434,722 $-8,580,991
2022 $18,219,145 $23,952,846 $9,492,216 $-5,733,701
2021 $15,558,879 $23,101,167 $11,011,037 $-7,542,288
2020 $16,336,804 $22,243,266 $12,415,768 $-5,906,462
2019 $15,049,640 $21,606,434 $11,416,806 $-6,556,794
2018 $15,615,229 $21,001,773 $13,229,760 $-5,386,544
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