PLYMOUTH HARBOR INC (EIN 591031820) - 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

1961

Legal Domicile

Phone

9413652600

Tax Period

2024-01-01 to 2024-12-31

PLYMOUTH HARBOR INC, founded in 1961, is a mid-sized nonprofit in the Health Care sector that reported $50.1M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $44.7M left a modest 11% surplus.

Mission

OPERATION OF A RETIREMENT COMMUNITY COMMITTED TO PROVIDING A POSITIVE AGING EXPERIENCE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,249,833

Program Service Revenue $42,609,114

Investment Income $-331,544

Other Revenue $6,593,790

TOTAL REVENUE $50,121,193

Expense Breakdown

Grants Paid $562,243

Salaries & Benefits $21,655,529

Fundraising Expenses $135,211

Program Expenses $40,797,217

Other Expenses $22,442,853

TOTAL EXPENSES $44,660,625

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,121,193	$43,007,740	+0.2%
Expenses	$44,660,625	$40,019,263	+0.1%
Net Income	$5,460,568	$2,988,477	+0.8%

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

548

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

$971,930

Total Directors

Key Employees

$450,567

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC BLEDSOE	TREASURER	1.0	Officer Director	$0	$0	$0
JEFF CHARLOTTE	CHAIRMAN OF THE BOARD	1.0	Officer Director	$0	$0	$0
LEE DELIETO JR	SECRETARY	1.0	Officer Director	$0	$0	$0
REBECCA SACHS	VICE CHAIR	1.0	Officer Director	$0	$0	$0
BOB DAWSON	TRUSTEE	1.0	Director	$0	$0	$0
Carl Koenig	TRUSTEE	1.0	Director	$0	$0	$0
CHRIS SFORZO	TRUSTEE	1.0	Director	$0	$0	$0
Craig Steinhoff	TRUSTEE	1.0	Director	$0	$0	$0
Kathryn Carr	TRUSTEE	1.0	Director	$0	$0	$0
KATHY HENDRICKS	TRUSTEE	1.0	Director	$0	$0	$0
MARK SULTANA	TRUSTEE	1.0	Director	$0	$0	$0
WARREN BACON	TRUSTEE	1.0	Director	$0	$0	$0
GEORGE MCGONAGILL	COO	40.0	Officer	$236,452	$19,926	$256,378
JEFF WEATHERHEAD	PRESIDENT/CEO	40.0	Officer	$381,704	$46,575	$428,279
NATALLIA DZIATSEL	VICE PRESIDENT/CFO	40.0	Officer	$260,087	$27,186	$287,273
ASHLEY CUMMINGS	VP OF HEALTH SERVICES	40.0	Key Emp	$183,528	$42,796	$226,324
ELIZABETH SPARR	VP OF MARKETING & COMMUNITY AFFAIRS	40.0	Key Emp	$205,085	$19,158	$224,243
Anthony Baffo	VP OF TEAM MEMBER RELATIONS	40.0	Highest	$157,381	$3,608	$160,989
BRIAN BLY	CONSTRUCTION SUPERINTENDENT	40.0	Highest	$111,294	$35,344	$146,638
Guinevere Kulie	DIRECTOR OF NURSING	40.0	Highest	$130,988	$36,831	$167,819
IWONA B WALICZEK	DIRECTOR OF CARE MANAGEMENT	40.0	Highest	$119,181	$39,257	$158,438
STEVEN PARSONS	DIRECTOR OF IT	40.0	Highest	$133,647	$35,601	$169,248
BETH WATSON	VP OF PHILANTHROPY	40.0		$112,374	$10,809	$123,183
EVELYN A MOULTON	REGISTERED NURSE SHIFT SUPERVISOR	40.0		$142,248	$15,683	$157,931

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	$50,121,193	$44,660,625	$161,906,657	$5,460,568
2023	$43,007,740	$40,019,263	$150,513,117	$2,988,477
2022	$39,259,821	$36,659,647	$139,205,295	$2,600,174
2021	$41,154,528	$34,016,498	$141,711,942	$7,138,030
2020	$35,153,415	$34,320,685	$137,038,590	$832,730
2020	$35,153,415	$34,320,685	$137,038,590	$832,730
2019	$33,668,815	$32,525,653	$131,043,992	$1,143,162
2018	$31,787,683	$31,524,515	$125,230,459	$263,168

PLYMOUTH HARBOR INC