WASHINGTON PLACE AT ST BARNABAS INC (EIN 542153829) - 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

2005

Legal Domicile

Principal Officer

KAREN TABACCHI

Phone

7244430700

Tax Period

2023-01-01 to 2023-12-31

WASHINGTON PLACE AT ST BARNABAS INC, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $1.5M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year. Expenses of $1.6M exceeded revenue, resulting in a 10% operating deficit.

Mission

OPERATION OF A RECOGNIZED INDEPENDENT LIVING & CONTINUING CARE RETIREMENT COMMUNITY

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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 $75,753

Program Service Revenue $1,270,682

Investment Income $0

Other Revenue $110,000

TOTAL REVENUE $1,456,435

Expense Breakdown

Grants Paid $0

Salaries & Benefits $610,616

Fundraising Expenses $0

Program Expenses $1,401,876

Other Expenses $998,218

TOTAL EXPENSES $1,608,834

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,456,435	$1,582,962	-0.1%
Expenses	$1,608,834	$1,736,367	-0.1%
Net Income	$-152,399	$-153,405	0.0%

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

N/A

Employees

Volunteers

N/A

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

$1,073,690

Total Directors

$533,952

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN TABACCHI	CHAIRPERSON	2.00	Officer Director	$0	$25,879	$533,952
JAMES D TURCO	CFO	2.00	Officer	$0	$31,651	$539,738

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	$1,456,435	$1,608,834	$782,556	$-152,399
2022	$1,582,962	$1,736,367	$767,079	$-153,405
2021	$1,513,366	$1,416,171	$995,817	$97,195
2020	$1,631,583	$1,567,117	$864,908	$64,466
2019	$3,019,413	$2,723,563	$1,083,922	$295,850
2018	$2,469,691	$2,213,541	$1,379,038	$256,150

WASHINGTON PLACE AT ST BARNABAS INC