CHELSEA JEWISH LIFECARE INC (EIN 510141617) - Form 990 Financial Analysis & Trantor Score

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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

1975

Legal Domicile

Principal Officer

ADAM BERMAN

Phone

6178870001

Tax Period

2023-01-01 to 2023-12-31

CHELSEA JEWISH LIFECARE INC, founded in 1975, is a community nonprofit in the Health Care sector that reported $9.4M in total revenue in fiscal year 2023. Expenses of $9.0M left a modest 4% surplus.

Mission

TO MANAGE A CONTINUUM OF SENIOR CARE BUSINESS LINES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $31,453

Program Service Revenue $9,010,258

Investment Income $28,334

Other Revenue $359,948

TOTAL REVENUE $9,429,993

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,447,342

Fundraising Expenses $0

Program Expenses $183,308

Other Expenses $1,573,573

TOTAL EXPENSES $9,020,915

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,429,993	$9,495,442	0.0%
Expenses	$9,020,915	$8,586,881	+0.1%
Net Income	$409,078	$908,561	-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

1358

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

$2,268,705

Total Directors

$2,038,964

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARRY BERMAN	CEO EMERITUS/TREASURER	26.00	Officer Director	$893,369	$10,548	$903,917
ADAM BERMAN	PRESIDENT AND CEO	26.00	Officer Director	$729,661	$21,326	$750,987
ELIZABETH MULLEN	COO AND CLERK	26.00	Officer Director	$292,864	$8,407	$301,271
GILDA RICHMAN	CHAIR	1.00	Officer Director	$82,682	$107	$82,789
JUDY WEISS	DIRECTOR	1.00	Director	$0	$0	$0
JEFFREY BRUDNICK	DIRECTOR	1.00	Director	$0	$0	$0
STUART ANFANG	DIRECTOR	1.00	Director	$0	$0	$0
HOWARD GREENSPAN	DIRECTOR	1.00	Director	$0	$0	$0
SUSAN GOLDSMITH	DIRECTOR	1.00	Director	$0	$0	$0
SHARON FORMAN	DIRECTOR	1.00	Director	$0	$0	$0
DOUG FIEBELKORN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE FLORENCE	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER SANTERRE	CFO	26.00	Officer	$208,928	$20,813	$229,741
RONILO ANGLO	CHIEF CLINICAL OFFICER	26.00	Highest	$255,638	$20,890	$276,528
KAREN PETRUCCELLI	VP OF CLINICAL QUALITY IMP	26.00	Highest	$208,131	$7,906	$216,037
THERESA HALLIDAY-BURRI	CHIEF BUSINESS DEVELOPMENT	26.00	Highest	$195,121	$7,219	$202,340
KATHERINE SANTOS	VP OF STRATEGY AND OPERATION	26.00	Highest	$197,110	$0	$197,110
MARIA CHAMPA	CHIEF HUMAN RESOURCE OFFICER	26.00	Highest	$204,322	$20,387	$224,709

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	$9,429,993	$9,020,915	$34,538,736	$409,078
2022	$9,495,442	$8,586,881	$27,444,364	$908,561
2021	$8,106,917	$8,534,847	$26,644,582	$-427,930
2020	$7,982,209	$7,599,086	$34,483,348	$383,123
2019	$6,483,641	$6,529,269	$34,057,402	$-45,628
2018	$5,845,341	$5,861,737	$40,793,564	$-16,396

CHELSEA JEWISH LIFECARE INC