FLORENCE HOME FOR THE AGED

EIN: 470384319 501(c)(3) Human Services

OMAHA, NE

Total Revenue
$14,672,640
Total Expenses
$14,559,210
Total Assets
$6,603,111
Net Assets
$3,669,847
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
NE
Principal Officer
Debra L Thacker
Phone
4028276000
Tax Period
2023-01-01 to 2023-12-31

FLORENCE HOME FOR THE AGED, founded in 1906, is a mid-sized nonprofit in the Human Services sector that reported $14.7M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

To inspire the individuals we serve to live life to the fullest as they age.

Program Service Accomplishments

Program 1
Expenses: $8,899,717 Revenue: $9,560,975

Skilled nursing care

Program 2
Expenses: $2,788,074 Revenue: $2,918,990

Alzheimers assisted living care

Program 3
Expenses: $1,308,379 Revenue: $1,433,438

Assisted living care.

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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 $542,342
Program Service Revenue $14,007,499
Investment Income $0
Other Revenue $122,799
TOTAL REVENUE $14,672,640

Expense Breakdown

Grants Paid $3,262
Salaries & Benefits $7,852,957
Fundraising Expenses $0
Program Expenses $12,996,170
Other Expenses $6,702,991
TOTAL EXPENSES $14,559,210

Year-over-Year Comparison

2023 2022 Change
Revenue $14,672,640 $13,402,920 +0.1%
Expenses $14,559,210 $13,441,598 +0.1%
Net Income $113,430 $-38,678 -3.9%
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

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
372
Volunteers
7

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
4
$486,263
Total Directors
11
$486,263
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Debra L Thacker CFO 2.00
Officer Director
$0 $17,132 $243,248
Lois Jordan CEO 2.00
Officer Director
$0 $19,321 $243,015
Stephanie O'Keefe Chairman 1.00
Officer Director
$0 $0 $0
Kristin Pratt Secretary Treasurer 1.00
Officer Director
$0 $0 $0
Robert Bloechle Director 1.00
Director
$0 $0 $0
Lyn M Holley Director 1.00
Director
$0 $0 $0
Marc Butterfield Director 1.00
Director
$0 $0 $0
Mark Higgins Director 1.00
Director
$0 $0 $0
Rebecca Wester MD Director 1.00
Director
$0 $0 $0
Phil Christensen Director 1.00
Director
$0 $0 $0
Sr Margaret Hickey Director 1.00
Director
$0 $0 $0
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 $14,672,640 $14,559,210 $6,603,111 $113,430
2022 $13,402,920 $13,441,598 $6,697,687 $-38,678
2021 $13,264,591 $13,474,985 $5,548,630 $-210,394
2020 $13,940,596 $13,168,910 $7,129,742 $771,686
2019 $11,705,920 $12,252,174 $4,969,882 $-546,254
2018 $11,757,815 $11,289,211 $5,404,596 $468,604
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