NEW CASSEL INC

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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

1973

Legal Domicile

Principal Officer

TRACY LICHTI

Phone

4023932277

Tax Period

2024-07-01 to 2025-06-30

NEW CASSEL INC, founded in 1973, is a community nonprofit in the Human Services sector that reported $9.5M in total revenue in fiscal year 2024. Expenses of $9.1M left a modest 5% surplus.

Mission

NEW CASSEL RETIREMENT CENTER IS A CARING RESIDENTIAL COMMUNITY COMMITTED TO PROVIDING AN ARRAY OF QUALITY SERVICES. WE CELEBRATE THE INNATE DIGNITY AND ENHANCE THE TOTAL WELLNESS OF THE AGING PERSON. OUR VALUES INCLUDE: RESPECT, COMPASSION, RESPONSIVENESS AND HOSPITALITY. NEW CASSEL CONTINUES THE HEALING MINISTRY OF JESUS.

Program Service Accomplishments

Program 1

Expenses: $7,333,125 Revenue: $7,933,086

NEW CASSEL, INC. IS A LICENSED ASSISTED LIVING FACILITY FOR THE ELDERLY WITH 179 ROOMS. NEW CASSEL, INC. PROVIDES HEALTH SERVICES, MEDICATION MANAGEMENT, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING...

NEW CASSEL, INC. IS A LICENSED ASSISTED LIVING FACILITY FOR THE ELDERLY WITH 179 ROOMS. NEW CASSEL, INC. PROVIDES HEALTH SERVICES, MEDICATION MANAGEMENT, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, MEALS, LAUNDRY, RELIGIOUS SERVICES, EDUCATIONAL OPPORTUNITIES AND ACTIVITIES.

Program 2

Expenses: $620,966 Revenue: $671,771

FRANCISCAN DAY CENTRE - THE CENTRE OFFERS DAYTIME SUPPORT SERVICES FOR ADULTS WITH FUNCTIONAL LOSS, ALZHEIMER'S, OR OTHER AGING FRAILTIES AND PROVIDES A VIABLE OPTION FOR SENIORS WHO CAN NO LONGER BE AT HOME ALONE OR ARE ISOLATED DUE TO DISABILITY. THE FRANCISCAN CENTRE SPECIALIZES IN CARING FOR OLDER ADULTS WHO BENEFIT FROM COGNITIVE ENGAGEMENT, STRUCTURED ACTIVITIES, SOCIAL OPPORTUNITIES, MEDICATION MONITORING AND NUTRITIOUS MEALS IN A SECURE ENVIRONMENT AND COMBINES MEANINGFUL, STIMULATING ACTIVITIES WITH SPECIAL FOCUS ON INDIVIDUALS WITH SHORT TERM MEMORY LOSS.WE PROVIDE TWO MEALS AND A SNACK TO OUR DAY PROGRAM PARTICIPANTS EACH DAY. MEALS ARE A GREAT TIME TO SOCIALIZE AND EXCHANGE STORIES WITH OTHER DAY PROGRAM PARTICIPANTS AND STAFF. OTHER BENEFITS OF THE CENTRE INCLUDE MEDICATION SUPERVISION, FAMILY SUPPORT GROUPS, OUTSIDE FIELD TRIPS, MOBILE PODIATRY, A BEAUTY SHOP AND A THERAPEUTIC GARDEN.

Program 3

Revenue: $361,817

MISCELLANEOUS OTHER PROGRAMS PROVIDED TO 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 $445,835

Program Service Revenue $8,638,038

Investment Income $136,701

Other Revenue $328,636

TOTAL REVENUE $9,549,210

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,666,769

Fundraising Expenses $0

Program Expenses $7,954,091

Other Expenses $3,443,906

TOTAL EXPENSES $9,110,675

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,549,210	$9,465,398	+0.0%
Expenses	$9,110,675	$8,996,479	+0.0%
Net Income	$438,535	$468,919	-0.1%

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

209

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

$245,320

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAWN VENEMA	CHAIR	1.00	Officer Director	$0	$0	$0
ED MULLEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BOB FOLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL CHASE	TREASURER	1.00	Officer Director	$0	$0	$0
DEB MARASCO	DIRECTOR	1.00	Director	$0	$0	$0
DAN KELLER	DIRECTOR	1.00	Director	$0	$0	$0
BILL VOBEJA	DIRECTOR	1.00	Director	$0	$0	$0
ERIN TRACY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID PROBST	DIRECTOR	1.00	Director	$0	$0	$0
FATHER JOHN PIETRAMALE	DIRECTOR	1.00	Director	$0	$0	$0
LINDSAY WILKINSON	DIRECTOR	1.00	Director	$0	$0	$0
MARYKAY GAMBLE	DIRECTOR	1.00	Director	$0	$0	$0
SR KATHLEEN KLUTHE	DIRECTOR THRU 12/2024	1.00	Director	$0	$0	$0
CYNTHE DUMLER	DIRECTOR THRU 4/2025	1.00	Director	$0	$0	$0
NANCY FLAHERTY	DIRECTOR THRU 6/2025	1.00	Director	$0	$0	$0
TRACY LICHTI	PRESIDENT/CEO	40.00	Officer	$156,579	$6,467	$163,046
MICHAEL ALMOND	CFO	40.00	Officer	$73,646	$8,628	$82,274

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	$9,549,210	$9,110,675	$21,352,178	$438,535
2024	$9,465,398	$8,996,479	$20,518,273	$468,919
2023	$9,189,810	$8,534,823	$19,955,182	$654,987
2022	$8,017,583	$7,799,678	$20,099,750	$217,905
2021	$8,378,887	$7,535,551	$21,012,679	$843,336
2020	$9,455,517	$7,223,042	$19,964,718	$2,232,475
2019	$7,078,781	$6,495,136	$17,093,964	$583,645