HUNTINGTON NURSING HOME INC (EIN 510169552) - 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

1988

Legal Domicile

Principal Officer

JOSE ACEVEDO MD MBA

Phone

3157874088

Tax Period

2023-01-01 to 2023-12-31

HUNTINGTON NURSING HOME INC, founded in 1988, is a mid-sized nonprofit in the Health Care sector that reported $12.1M in total revenue in fiscal year 2023. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $14.6M exceeded revenue, resulting in a 21% operating deficit.

Mission

HUNTINGTON NURSING HOME, INC. IS A COMMUNITY BASED, NOT-FOR-PROFIT SKILLED NURSING FACILITY DEDICATED TO MAINTAINING AND IMPROVING THE HEALTH OF ALL PEOPLE IN THE CENTRAL FINGER LAKES REGION. WE ARE COMMITTED TO SAFE, HIGH QUALITY, COMPASSIONATE SERVICES THAT ARE CONVENIENT, ACCESSIBLE AND AT REASONABLE COST, THROUGH THE EFFORTS OF OUR EMPLOYEES, MEDICAL STAFF AND VOLUNTEERS. WE ARE A CENTER FOR HEALTH EDUCATION THAT LIVES ITS LEADERSHIP COMMITMENTS THROUGH PARTICIPATION IN AND SPONSORSHIP OF PROFESSIONAL, ALLIED HEALTH AND COMMUNITY HEALTH EDUCATION PROGRAMS.

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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 $532,927

Program Service Revenue $10,316,689

Investment Income $932,860

Other Revenue $285,894

TOTAL REVENUE $12,068,370

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,724,423

Fundraising Expenses $0

Program Expenses $11,338,520

Other Expenses $7,891,265

TOTAL EXPENSES $14,615,688

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,068,370	$9,422,793	+0.3%
Expenses	$14,615,688	$12,297,253	+0.2%
Net Income	$-2,547,318	$-2,874,460	-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

171

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

$1,456,527

Total Directors

$7,429,489

Key Employees

$928,973

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSE A ACEVEDO MD	ASST SECRETARY	6.00	Officer Director	$0	$64,855	$1,010,435
JAMES ADAMS	SECRETARY	1.00	Officer Director	$0	$0	$0
CHEVANNE DEVANEY	DIRECTOR	1.00	Director	$0	$0	$0
PHIL BECKLEY	DIRECTOR	2.00	Director	$0	$0	$0
SUSAN STORK	DIRECTOR	1.00	Director	$0	$0	$0
ANN MCMULLEN	DIRECTOR	1.00	Director	$0	$0	$0
RODOLFO QUEIROZ MD	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG DENSMORE	DIRECTOR	1.00	Director	$0	$0	$0
JAMES CHENEY	DIRECTOR	1.00	Director	$0	$0	$0
LANCE WARD	DIRECTOR	1.00	Director	$0	$0	$0
TOM BURRALL	DIRECTOR	1.00	Director	$0	$0	$0
TRISHA KOCZENT	TREASURER & CFO	6.00	Officer Director	$0	$53,277	$446,092
JAMES NARDOZZI	DIRECTOR	1.00	Director	$0	$0	$0
RYAN HALLINGS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KYLENE ABRAHAM	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG COLLINS	DIRECTOR	1.00	Director	$0	$45,019	$634,119
STEVE GOLDSTEIN	DIRECTOR	1.00	Director	$0	$214,557	$1,848,105
MICHAEL ROTONDO	DIRECTOR	1.00	Director	$0	$110,180	$1,431,838
MARK TAUBMAN	DIRECTOR	1.00	Director	$0	$179,258	$2,058,900
WILLIAM S GARRITY	VP LONG TERM CARE	8.00	Key Emp	$0	$29,887	$303,612
FRANK KORICH	CHIEF OPERATING OFFICER	5.00	Key Emp	$0	$81,841	$625,361
AMY VANDUYNE	LPN	40.00	Highest	$121,679	$17,994	$139,673
SALLY PRICE	NURSE MANAGER	40.00	Highest	$128,988	$2,973	$131,961
TERRI RIZZO	DIR NURSING LTC	40.00	Highest	$171,763	$8,368	$180,131
SHARON GALASSO	ADMIN DIR NURSING LTC	1.00	Highest	$135,722	$17,985	$153,707
RACHEL A JENNERS	NURSE MANAGER	40.00	Highest	$114,348	$14,406	$128,754

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	$12,068,370	$14,615,688	$11,322,066	$-2,547,318
2022	$9,422,793	$12,297,253	$12,183,806	$-2,874,460
2021	$9,445,186	$10,899,631	$18,268,804	$-1,454,445
2020	$12,433,213	$13,079,537	$17,855,831	$-646,324
2019	$12,070,658	$12,148,768	$16,408,239	$-78,110
2018	$11,218,672	$11,297,023	$16,477,362	$-78,351
2017	$12,541,144	$11,012,442	$16,538,371	$1,528,702

HUNTINGTON NURSING HOME INC