MILTON & HATTIE KUTZ HOME 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

1953

Legal Domicile

Principal Officer

FELISHA ALDERSON

Phone

3027647000

Tax Period

2022-07-01 to 2023-06-30

MILTON & HATTIE KUTZ HOME INC, founded in 1953, is a mid-sized nonprofit in the Health Care sector that reported $17.6M in total revenue in fiscal year 2022. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $16.9M left a modest 4% surplus.

Mission

THE HOME'S MISSION IS TO PROVIDE SHELTER, MEDICAL CARE, NURSING AND OTHER SERVICES FOR AGING MEN AND WOMEN.

Program Service Accomplishments

Program 1

Expenses: $9,864,714 Revenue: $9,139,409

LONG-TERM CARE NURSING FACILITY PROVIDING SKILLED NURSING CARE AND THERAPY TO THE ELDERLY WITHOUT REGARD TO ABILITY TO PAY. TOTAL OF 25,356 PATIENT DAYS.

Program 2

Expenses: $4,598,129 Revenue: $4,310,958

ASSISTED LIVING FACILITY PROVIDING ASSISTED LIVING, RESPITE CARE, AND A SECURE MEMORY CARE NEIGHBORHOOD TO SENIORS WHO DO NOT NEED SKILLED NURSING CARE BUT WOULD BENEFIT FROM SOME PERSONAL...

ASSISTED LIVING FACILITY PROVIDING ASSISTED LIVING, RESPITE CARE, AND A SECURE MEMORY CARE NEIGHBORHOOD TO SENIORS WHO DO NOT NEED SKILLED NURSING CARE BUT WOULD BENEFIT FROM SOME PERSONAL ASSISTANCE. TOTAL OF 17,767 PATIENT DAYS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,741,222

Program Service Revenue $13,450,367

Investment Income $364,521

Other Revenue $0

TOTAL REVENUE $17,556,110

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,124,337

Fundraising Expenses $0

Program Expenses $14,462,843

Other Expenses $9,787,401

TOTAL EXPENSES $16,911,738

Year-over-Year Comparison

	2022	2021	Change
Revenue	$17,556,110	$14,947,863	+0.2%
Expenses	$16,911,738	$14,394,037	+0.2%
Net Income	$644,372	$553,826	+0.2%

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

219

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

$335,424

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
EILEEN SARTER	TREASURER	1.00	Officer Director	$0	$0	$0
DONNA HARLEY	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE SHTOFMAN	DIRECTOR	1.00	Director	$0	$0	$0
SAM CLOSIC	DIRECTOR	1.00	Director	$0	$0	$0
IRIS VINOKUR	DIRECTOR	1.00	Director	$0	$0	$0
ALAN EVANTASH	DIRECTOR	1.00	Director	$0	$0	$0
ROGER KERZNER	DIRECTOR	1.00	Director	$0	$0	$0
MICHELLE GLAZIER	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL GROSS	DIRECTOR	1.00	Director	$0	$0	$0
RICHARD LITWIN	DIRECTOR	1.00	Director	$0	$0	$0
MARK KULLER	DIRECTOR	1.00	Director	$0	$0	$0
PAMELA MEISSLER	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN JAFFE	DIRECTOR	1.00	Director	$0	$0	$0
DEBBIE NACHLIS	SECRETARY	1.00	Officer Director	$0	$0	$0
GREGORY SCHIFF	DIRECTOR	1.00	Director	$0	$0	$0
GINGER WEISS	DIRECTOR	1.00	Director	$0	$0	$0
KATIE GLAZIER	DIRECTOR	1.00	Director	$0	$0	$0
DOMINIC KAYATTA	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW TAUB	DIRECTOR	1.00	Director	$0	$0	$0
MARK WAGMAN	DIRECTOR	1.00	Director	$0	$0	$0
HAYIM WEISS	DIRECTOR	1.00	Director	$0	$0	$0
LISA BELFER	DIRECTOR	1.00	Director	$0	$0	$0
FELISHA ALDERSON	EXECUTIVE DIRECTOR	40.00	Officer	$207,352	$10,826	$218,178
OYINLOLA ODUNSI	CHIEF FINANCIAL OFFICER	40.00	Officer	$106,962	$10,284	$117,246

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
2023	$17,556,110	$16,911,738	$20,718,067	$644,372
2022	$14,947,863	$14,394,037	$19,660,852	$553,826
2021	$14,786,685	$14,788,607	$19,450,017	$-1,922
2020	$15,465,335	$15,634,391	$21,267,404	$-169,056
2019	$15,050,604	$14,981,455	$20,511,787	$69,149
2018	$14,615,527	$14,561,602	$20,559,122	$53,925