LOURDES-NOREEN MCKEEN RESIDENCE FOR GERIATRIC CARE INC

EIN: 590879342 501(c)(3) Human Services

WEST PALM BEACH, FL

Total Revenue
$23,888,580
Total Expenses
$26,569,549
Total Assets
$46,635,515
Net Assets
$31,203,216
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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
1962
Legal Domicile
FL
Principal Officer
SR M PETER LILLIAN ANGELI
Phone
5616558544
Tax Period
2023-01-01 to 2023-12-31

LOURDES-NOREEN MCKEEN RESIDENCE FOR GERIATRIC CARE INC, founded in 1962, is a mid-sized nonprofit in the Human Services sector that reported $23.9M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $26.6M exceeded revenue, resulting in a 11% operating deficit.

Mission

LOURDES-NOREEN MCKEEN RESIDENCE FOR GERIATRIC CARE, INC., WAS FOUNDED IN 1960 AND PROVIDES SHORT-TERM REHABILITATION, LONG TERM CARE, ASSISTED LIVING, AND INDEPENDENT RESIDENTIAL SERVICES TO THE ELDERLY IN PALM BEACH COUNTY. THESE SERVICES ARE PROVIDED IN AN ATMOSPHERE OF CHRISTIAN UNDERSTANDING AND FAITH, RESPECTING HUMAN LIFE AND THE INHERENT DIGNITY OF EACH PERSON.

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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 $639,166
Program Service Revenue $21,789,554
Investment Income $1,237,430
Other Revenue $222,430
TOTAL REVENUE $23,888,580

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,027,807
Fundraising Expenses $635
Program Expenses $24,101,077
Other Expenses $16,541,742
TOTAL EXPENSES $26,569,549

Year-over-Year Comparison

2023 2022 Change
Revenue $23,888,580 $21,007,942 +0.1%
Expenses $26,569,549 $26,154,470 +0.0%
Net Income $-2,680,969 $-5,146,528 -0.5%
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
13
Independent Members
13
Employees
302
Volunteers
13

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
5
$761,648
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SR M PETER LILLIAN DIMARIA PRESIDENT 1.00
Officer Director
$0 $0 $0
SR MAUREEN MURRAY VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
MS MARY ANN CODY CHAIRPERSON/TREASURER 1.00
Officer Director
$0 $0 $0
MS MARY LYNN ROGERS SECRETARY 1.00
Officer Director
$0 $0 $0
MS BETH A DALY MEMBER 1.00
Director
$0 $0 $0
SR M SEAN DAMIEN FLYNN MEMBER 1.00
Director
$0 $0 $0
ROBERT J DEBBS MEMBER 1.00
Director
$0 $0 $0
SR M JACQUELINE JOSEPH WAGNER O MEMBER 1.00
Director
$0 $0 $0
SR MAUREEN DELOURDES MCDONOUGH MEMBER 1.00
Director
$0 $0 $0
REV MONSIGNOR JOHN R MCMAHON MEMBER 1.00
Director
$0 $0 $0
SR M TERESA STEPHEN PEREIRA MEMBER 1.00
Director
$0 $0 $0
SR MARK LOUIS RANDALL MEMBER 1.00
Director
$0 $0 $0
SR PATRICIA RAWDON MEMBER 1.00
Director
$0 $0 $0
PATRICIA GATHERS PRESIDENT / CEO / COO 1.00
Officer
$0 $48,935 $761,648
FLORENCE MENARD RESTORATIVE RN 40.00
Highest
$137,067 $9,489 $146,556
ANNA DESIR REGISTERED NURSE 40.00
Highest
$117,510 $5,691 $123,201
GLENDA KIERNAN DIRECTOR OF NURSING 37.00
Highest
$108,395 $4,394 $112,789
KELLY CARROLL ADMINISTRATOR 37.00
Highest
$103,040 $3,824 $106,864
LUICILA FORTH MARKETING DIRECTOR 38.00
Highest
$102,475 $5,185 $107,660
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 $23,888,580 $26,569,549 $46,635,515 $-2,680,969
2022 $21,007,942 $26,154,470 $50,134,262 $-5,146,528
2021 $25,669,100 $23,433,062 $63,053,004 $2,236,038
2020 $23,025,947 $23,666,192 $62,678,298 $-640,245
2019 $25,164,167 $24,498,086 $60,282,015 $666,081
2018 $24,103,145 $24,074,137 $59,092,218 $29,008
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