SNYDER NURSING HOME INC

EIN: 541186524 501(c)(3) Health Care

SALEM, VA

Total Revenue
$4,662,731
Total Expenses
$4,838,366
Total Assets
$4,755,539
Net Assets
$4,441,381
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
VA
Principal Officer
CHARLES B PHILLIPS
Phone
5403890160
Tax Period
2024-09-01 to 2025-08-31

SNYDER NURSING HOME INC, founded in 1982, is a community nonprofit in the Health Care sector that reported $3.7M in total revenue in fiscal year 2017. Expenses of $3.5M left a modest 5% surplus.

Mission

THE CORPORATION PROVIDES INTERMEDIATE NURSING HOME CARE IN A 45 BED FACILITY WHICH SERVES APPROXIMATELY 53% MEDICAID PATIENTS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $4,565,068
Investment Income $105,357
Other Revenue $-7,694
TOTAL REVENUE $4,662,731

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,698,622
Fundraising Expenses $0
Program Expenses $4,478,221
Other Expenses $1,139,744
TOTAL EXPENSES $4,838,366

Year-over-Year Comparison

2024 2023 Change
Revenue $4,662,731 $4,093,300 +0.1%
Expenses $4,838,366 $4,394,017 +0.1%
Net Income $-175,635 $-300,717 -0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
3
Employees
104
Volunteers
75

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
$20,619
Total Directors
3
$20,619
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TROY A HENDERSON SEC/TREASURE 3.00
Officer Director
$4,200 $0 $6,873
CHARLES B PHILLIPS PRESIDENT 3.00
Officer Director
$4,200 $0 $6,873
SCOTT A STEPHENSON VICE-PRESIDE 3.00
Officer Director
$4,200 $0 $6,873
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
2025 $4,662,731 $4,838,366 $4,755,539 $-175,635
2024 $4,093,300 $4,394,017 $4,837,889 $-300,717
2023 $4,208,256 $4,458,832 $4,910,289 $-250,576
2022 $4,022,065 $4,041,929 $5,395,061 $-19,864
2021 $3,170,400 $4,006,634 $5,954,981 $-836,234
2020 $4,122,519 $3,957,145 $5,982,412 $165,374
2019 $3,659,960 $3,700,657 $5,566,926 $-40,697
2018 $3,665,892 $3,484,162 $5,589,081 $181,730
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