Shore Life Care Inc (EIN 541876370) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Phone

7578757545

Tax Period

2023-01-01 to 2023-12-31

SHORE LIFE CARE INC, founded in 1998, is a community nonprofit in the Human Services sector that reported $7.0M in total revenue in fiscal year 2017. Revenue decreased 12% compared to the prior year. Expenses of $8.5M exceeded revenue, resulting in a 21% operating deficit.

Mission

LONG TERM CARE NURSING FACILITY

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$3,974,981

Total Directors

$1,474,671

Key Employees

$627,259

Highest Compensated

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

Shore Life Care Inc