HEALTHCARE AFFILIATES INC

EIN: 521594300 501(c)(3) Health Care

FREEHOLD, NJ

Total Revenue
$11,481,691
Total Expenses
$15,765,536
Total Assets
$10,145,952
Net Assets
$1,720,308
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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
NJ
Principal Officer
TONI LYNN DAVIS
Phone
7322947050
Tax Period
2023-01-01 to 2023-12-31

HEALTHCARE AFFILIATES INC, founded in 1988, is a mid-sized nonprofit in the Health Care sector that reported $11.5M in total revenue in fiscal year 2023. Expenses of $15.8M exceeded revenue, resulting in a 37% operating deficit.

Mission

THE MANOR HEALTH AND REHABILITATION CENTER PROVIDES COMPREHENSIVE SHORT-TERM REHABILITATION AND LONG-TERM SKILLED-NURSING SERVICES FOR ADULTS AND SENIORS.

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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 $64,885
Program Service Revenue $11,192,010
Investment Income $224,796
Other Revenue $0
TOTAL REVENUE $11,481,691

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,979,000
Fundraising Expenses $0
Program Expenses $14,188,984
Other Expenses $6,786,536
TOTAL EXPENSES $15,765,536

Year-over-Year Comparison

2023 2022 Change
Revenue $11,481,691 $11,540,541 0.0%
Expenses $15,765,536 $16,736,402 -0.1%
Net Income $-4,283,845 $-5,195,861 -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

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Governance

Voting Members
3
Independent Members
1
Employees
143
Volunteers
38

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
3
$1,164,252
Total Directors
3
$1,589,195
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
THOMAS W SCOTT FACHE VICE CHAIR-TRST/CSMC PRES/CEO 55.0
Officer Director
$0 $56,253 $926,522
JOHN A DELLOCONO TRUSTEE - CSMC SVP/CFO 55.0
Director
$0 $59,705 $662,673
TONI LYNN DAVIS ADMINISTRATOR 50.0
Officer
$204,924 $32,806 $237,730
ROSANO CALIOLIO DIRECTOR OF NURSING 40.0
Highest
$149,618 $32,550 $182,168
SHANTY THOMAS RN REGISTERED NURSE 40.0
Highest
$135,183 $42,082 $177,265
SEENAMMA J CHUNDAMALA RN REGISTERED NURSE 40.0
Highest
$149,545 $22,873 $172,418
JULIANNA IVORY CERTIFIED NURSING ASSISTANT 40.0
Highest
$122,706 $38,735 $161,441
JOSEPHINE ROGERS-MOORE CERTIFIED NURSES AIDE 40.0
Highest
$120,509 $33,810 $154,319
WILLIAM A SCHORIES CHAIR - TRUSTEE 1.0
Officer 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 $11,481,691 $15,765,536 $10,145,952 $-4,283,845
2022 $11,540,541 $16,736,402 $10,571,294 $-5,195,861
2021 $10,264,990 $12,356,982 $15,438,205 $-2,091,992
2020 $13,000,250 $13,174,187 $17,830,376 $-173,937
2019 $14,050,178 $13,818,574 $15,776,829 $231,604
2018 $15,341,621 $14,593,513 $14,872,775 $748,108
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