HEALTHCARE AFFILIATES 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

1988

Legal Domicile

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.

Program Service Accomplishments

Program 1

Expenses: $14,188,984 Revenue: $11,192,010

THE MANOR PROVIDES SKILLED NURSING SERVICES FOR 123 ELDERLY RESIDENTIAL UNITS INCLUDING SUBACUTE, REHABILITATION AND I.V. THERAPY. THE FACILITY FOCUS IS ON HELPING RESIDENTS ACHIEVE THEIR MAXIMUM...

THE MANOR PROVIDES SKILLED NURSING SERVICES FOR 123 ELDERLY RESIDENTIAL UNITS INCLUDING SUBACUTE, REHABILITATION AND I.V. THERAPY. THE FACILITY FOCUS IS ON HELPING RESIDENTS ACHIEVE THEIR MAXIMUM POTENTIAL FOR INDEPENDENCE, PERSONAL COMFORT AND QUALITY OF LIFE. THE MANOR IS MEDICARE/MEDICAID CERTIFIED, LICENSED BY THE STATE OF NEW JERSEY, AND ACCREDITED BY THE JOINT COMMISSION. THE FACILITY PROVIDES CHARITY CARE FOR THE INDIGENT WHERE APPROPRIATE.

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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 $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

Governance

Voting Members

Independent Members

Employees

143

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

$1,164,252

Total Directors

$1,589,195

Key Employees

Highest Compensated

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