JOSEPH L MORSE HEALTH CENTER INC (EIN 592120896) - 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

1980

Legal Domicile

Phone

5614715111

Tax Period

2024-06-01 to 2025-05-31

JOSEPH L MORSE HEALTH CENTER INC, founded in 1980, is a mid-sized nonprofit in the Health Care sector that reported $39.6M in total revenue in fiscal year 2024. Expenses of $45.3M exceeded revenue, resulting in a 14% operating deficit.

Mission

THE ORGANIZATION IS DEDICATED TO ENHANCING SENIOR LIVING IN THE SPIRIT OF JEWISH TRADITION.

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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 $1,003,753

Program Service Revenue $38,057,559

Investment Income $41,704

Other Revenue $493,054

TOTAL REVENUE $39,596,070

Expense Breakdown

Grants Paid $0

Salaries & Benefits $23,310,827

Fundraising Expenses $0

Program Expenses $37,747,348

Other Expenses $21,959,858

TOTAL EXPENSES $45,270,685

Year-over-Year Comparison

	2024	2023	Change
Revenue	$39,596,070	$41,276,737	0.0%
Expenses	$45,270,685	$45,689,609	0.0%
Net Income	$-5,674,615	$-4,412,872	+0.3%

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

673

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

Total Directors

Key Employees

$1,493,604

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CAROL CRAWFORD	CHAIRMAN	2.0	Officer Director	$0	$0	$0
DAVID MACK	VICE CHAIRMAN	2.0	Officer Director	$0	$0	$0
GAIL FISCHER	TREASURER/SECRETARY	2.0	Officer Director	$0	$0	$0
KEITH MYERS	CEO, PRESIDENT	2.0	Officer Director	$0	$0	$0
RANDY WOLAN	CFO	2.0	Officer Director	$0	$0	$0
ELLEN WOLF	DIRECTOR	2.0	Director	$0	$0	$0
KAREN KASNER	DIRECTOR	2.0	Director	$0	$0	$0
MARILYN KATZ	DIRECTOR	2.0	Director	$0	$0	$0
MARLENE SILVER	DIRECTOR	2.0	Director	$0	$0	$0
STANLEY KATZ	DIRECTOR	2.0	Director	$0	$0	$0
TERRI SRIBERG	DIRECTOR	2.0	Director	$0	$0	$0
KARL DHANA	SENIOR VP OF MEDICAL AFFAIRS	40.0	Key Emp	$683,576	$22,707	$706,283
LEENA GEEVARGHESE	SENIOR VP OF CLINICAL SERVICES	40.0	Key Emp	$293,368	$30,500	$323,868
TRISHA HEWES	SENIOR VP OF MARKETING	40.0	Key Emp	$440,453	$23,000	$463,453
DORIAN SANCHEZ	DIRECTOR OF BI, AI & DEVELOPMENT	40.0	Highest	$143,331	$5,996	$149,327
FRAN KROITOR	DIRECTOR OF REHAB	40.0	Highest	$194,837	$24,471	$219,308
MARIA SHELL	DIRECTOR OF SOCIAL SERVICES & THERAPEUTIC RECREATION	40.0	Highest	$134,898	$17,988	$152,886
ROBERT MORIN	DIRECTOR OF MAINTENANCE AND SECURITY	40.0	Highest	$182,126	$13,384	$195,510
SWETABEN PATEL	INFECTION PREVENTIONIST	40.0	Highest	$192,953	$10,349	$203,302

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
2025	$39,596,070	$45,270,685	$54,523,573	$-5,674,615
2024	$41,276,737	$45,689,609	$61,977,275	$-4,412,872
2023	$40,060,914	$43,196,389	$65,530,531	$-3,135,475
2022	$32,587,504	$37,867,730	$69,407,457	$-5,280,226
2021	$37,757,207	$41,111,774	$78,503,877	$-3,354,567
2020	$44,390,402	$46,857,564	$76,727,322	$-2,467,162
2019	$43,475,426	$46,134,113	$77,334,787	$-2,658,687
2018	$42,327,209	$43,709,946	$80,592,485	$-1,382,737

JOSEPH L MORSE HEALTH CENTER INC