Shore Life Care Inc

EIN: 541876370 501(c)(3) Human Services

NEWPORT NEWS, VA

Total Revenue
N/A
Total Expenses
N/A
Total Assets
N/A
Net Assets
N/A
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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
1998
Legal Domicile
VA
Phone
7578757545
Tax Period
2023-01-01 to 2023-12-31

Mission

THE ORGANIZATION'S PRIMARY MISSION IS TO PROMOTE, PRESERVE AND RESTORE THE HEALTH OF THE COMMUNITY. AS SUCH, OPERATING REVENUES INCLUDE THOSE GENERATED FROM DIRECT PATIENT CARE AND SUNDRY REVENUES RELATED TO THE OPERATION OF THE ORGANIZATION'S FACILITIES.

Program Service Accomplishments

Program 1
Expenses: $0 Revenue: $0

SHORE LIFECARE, INC. PROVIDED INPATIENT SKILLED NURSING AND REHABILITATIVE SERVICES TO THE COMMUNITIES OF ACCOMACK AND NORTHAMPTON COUNTIES IN VIRGINIA. SHORE LIFECARE WAS SOLD IN FEBRUARY 2018 AND...

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SHORE LIFECARE, INC. PROVIDED INPATIENT SKILLED NURSING AND REHABILITATIVE SERVICES TO THE COMMUNITIES OF ACCOMACK AND NORTHAMPTON COUNTIES IN VIRGINIA. SHORE LIFECARE WAS SOLD IN FEBRUARY 2018 AND IS IN THE PROCESS OF BEING CLOSED WITH THE SCC.

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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 $0
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $0

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $0
Other Expenses $0
TOTAL EXPENSES $0

Year-over-Year Comparison

2023 2022 Change
Revenue N/A N/A N/A
Expenses N/A N/A N/A
Net Income N/A $0 N/A
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
11
Independent Members
10
Employees
N/A
Volunteers
10

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
7
$3,974,981
Total Directors
11
$1,474,671
Key Employees
2
$627,259
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A VICE CHAIRMAN 0.1
Officer Director
$0 $0 $0
N/A CHAIRMAN 0.1
Officer Director
$0 $0 $0
N/A Board Member/PRESIDENT/CEO, RHS 0.1
Officer Director
$0 $24,016 $1,474,671
N/A BOARD MEMBER 0.1
Director
$0 $0 $0
N/A BOARD MEMBER 0.1
Director
$0 $0 $0
N/A BOARD MEMBER 0.1
Director
$0 $0 $0
N/A BOARD MEMBER 0.1
Director
$0 $0 $0
N/A BOARD MEMBER 0.1
Director
$0 $0 $0
N/A BOARD MEMBER 0.1
Director
$0 $0 $0
N/A BOARD MEMBER 0.1
Director
$0 $0 $0
N/A BOARD MEMBER 0.1
Director
$0 $0 $0
N/A VP, LIFELONG HEALTH 0.1
Officer
$0 $56,317 $470,081
N/A Chief Nursing Officer/SVP 0.1
Officer
$0 $22,787 $474,393
N/A GENERAL COUNSEL/SECRETARY, RHS 0.1
Officer
$0 $66,908 $663,606
N/A EVP, CFO & TREASURER 0.1
Officer
$0 $33,369 $892,230
N/A AVP LLHARS 0.1
Key Emp
$0 $51,287 $295,700
N/A CFO LLHARS 0.1
Key Emp
$0 $54,785 $331,559
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
2023 No data No data No data No data
2022 No data No data No data No data
2021 No data No data No data No data
2020 $2,864 $2,789 $7,563 $75
2019 $10,457 $27,136 $6,943 $-16,679
2018 $587,582 $462,845 $74,008 $124,737
2017 $7,015,200 $8,472,644 $2,153,169 $-1,457,444
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