UVA CATON MERCHANT HOUSE ASSISTED LIVING (EIN 541291284) - 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

1984

Legal Domicile

Principal Officer

L ERIK SHANNON

Phone

5712841163

Tax Period

2023-07-01 to 2024-06-30

UVA CATON MERCHANT HOUSE ASSISTED LIVING, founded in 1984, is a small nonprofit in the Human Services sector that reported $208K in total revenue in fiscal year 2023. Revenue fell 93% from the prior year — a significant decline worth monitoring. Expenses of $934K exceeded revenue, resulting in a 349% operating deficit.

Mission

UVA CATON MERCHANT HOUSE ASSISTED LIVING IS PART OF THE UVA COMMUNITY HEALTH ENTERPRISE, AN INTEGRATED NETWORK OF NOT-FOR-PROFIT, TAX-EXEMPT ENTITIES THAT INCLUDES PHYSICIAN OFFICES, OUTPATIENT FACILITIES AND COMMUNITY MEDICAL CENTERS. UVA COMMUNITY HEALTH AND ITS COMPONENT ENTITIES, ALONG WITH THE UNIVERSITY OF VIRGINIA MEDICAL CENTER, THE UVA SCHOOL OF MEDICINE, UVA SCHOOL OF NURSING, UVA PHYSICIANS GROUP, AND THE CLAUDE MOORE HEALTH SCIENCES LIBRARY, COMPRISE UVA HEALTH. PRIOR TO SEPTEMBER 2023, CATON OPERATED AS A LICENSED ASSISTED LIVING CENTER IN MANASSAS, VA. IN SEPTEMBER 2023, THE ASSETS WERE SOLD TO AN AFFILIATE OF COMMONWEALTH SENIOR LIVING, WHO SUBSEQUENTLY TOOK OWNERSHIP AND ASSUMED OPERATIONS. THE LEGAL ENTITY, UVA CATON MERCHANT HOUSE ASSISTED LIVING, WILL CONTINUE UNTIL ALL FINANCIAL OBLIGATIONS AND OUTSTANDING ISSUES ARE SETTLED.

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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 $0

Program Service Revenue $571,327

Investment Income $-363,336

Other Revenue $0

TOTAL REVENUE $207,991

Expense Breakdown

Grants Paid $0

Salaries & Benefits $519,794

Fundraising Expenses $0

Program Expenses $778,453

Other Expenses $414,006

TOTAL EXPENSES $933,800

Year-over-Year Comparison

	2023	2022	Change
Revenue	$207,991	$3,065,652	-0.9%
Expenses	$933,800	$4,146,997	-0.8%
Net Income	$-725,809	$-1,081,345	-0.3%

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

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

$2,315,916

Total Directors

$2,064,936

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KIRSTEN GREEN MD	TRUSTEE	0.20	Director	$0	$59,299	$1,039,460
MARY FRANCES SOUTHERLAND	INTERIM SECRETARY/TRUSTEE	0.20	Officer Director	$0	$41,702	$522,666
CHRIS HEATON MD	TRUSTEE - UCB/TRUSTEE INC	0.20	Director	$0	$57,766	$502,810
STEVE DANZIGER	CHAIR	0.20	Officer Director	$0	$0	$0
CHARLES BARRELL	VICE CHAIR (THRU 11/2023)	0.20	Officer Director	$0	$0	$0
RICHARD HARRINGTON	SECRETARY/VICE CHAIR (AS OF 02/2024)	0.20	Officer Director	$0	$0	$0
STEPHEN NELSON	TREASURER	0.20	Officer Director	$0	$0	$0
LISA ANN PEACOCK	TRUSTEE	0.20	Director	$0	$0	$0
MATTHEW GUILFOYLE	TRUSTEE	0.20	Director	$0	$0	$0
PAM KINCHELOE RN JD	TRUSTEE	0.20	Director	$0	$0	$0
JACQUELINE KRICK	TRUSTEE	0.20	Director	$0	$0	$0
MICHELLE METZGAR	TRUSTEE	0.20	Director	$0	$0	$0
VIPUL PARIKH MD	TRUSTEE	0.20	Director	$0	$0	$0
ERIK SHANNON	CEO (UVACH SYSTEM)	0.20	Officer	$0	$336,325	$1,051,706
AMANDA DICKINSON	CATON ADMIN./EXEC DIR. (THRU 09/23)	45.00	Officer	$118,240	$11,896	$197,880
CHARLES CODER	CFO (UVACH SYSTEM)	0.20	Officer	$0	$52,293	$543,664

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	$207,991	$933,800	$1,492,785	$-725,809
2023	$3,065,652	$4,146,997	$2,971,994	$-1,081,345
2022	$1,583,473	$2,188,011	$2,848,013	$-604,538
2021	$3,108,110	$4,487,579	$2,377,265	$-1,379,469
2020	$3,495,180	$4,370,935	$2,759,215	$-875,755
2019	$4,176,951	$4,522,178	$3,203,919	$-345,227
2018	$4,182,230	$4,432,238	$3,633,245	$-250,008

UVA CATON MERCHANT HOUSE ASSISTED LIVING