AVE MARIA HOME INC (EIN 620561701) - 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

1955

Legal Domicile

Principal Officer

JOHN L SCHIFANI

Phone

9013863211

Tax Period

2022-07-01 to 2023-06-30

AVE MARIA HOME INC, founded in 1955, is a mid-sized nonprofit in the Human Services sector that reported $23.1M in total revenue in fiscal year 2022. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $22.0M left a modest 5% surplus.

Mission

TO ASSIST THE AGED, SICK, AND DESTITUTE THROUGH: IMPROVING THE MORAL, SOCIAL, AND SPIRITUAL CONDITIONS OF ITS BENEFICIARIES; CONTINUING THE STEWARDSHIP OF HUMAN, PHYSICAL, AND FINANCIAL RESOURCES IN CONJUNCTION WITH THE CATHOLIC COMMUNITY; FACILITATING VISITATION BY FAMILY, FRIENDS, AND MEMBERS OF THE COMMUNITY; AND PROVIDING A COMMITMENT TO LONG-TERM AND REHABILITATIVE CARE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $4,142,797

Program Service Revenue $18,963,267

Investment Income $4,911

Other Revenue $0

TOTAL REVENUE $23,110,975

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,495,300

Fundraising Expenses $0

Program Expenses $19,916,073

Other Expenses $9,540,151

TOTAL EXPENSES $22,035,451

Year-over-Year Comparison

	2022	2021	Change
Revenue	$23,110,975	$20,284,173	+0.1%
Expenses	$22,035,451	$20,621,863	+0.1%
Net Income	$1,075,524	$-337,690	-4.2%

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

465

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

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANNA VESCOVO	PRESIDENT	1.00	Officer Director	$0	$0	$0
MICHAEL ROBILIO	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
MARY WEBB	DIRECTOR	1.00	Director	$0	$0	$0
JOHN L SCHIFANI	TREASURER	1.00	Officer Director	$0	$0	$0
LIBBY BURING	DIRECTOR	1.00	Director	$0	$0	$0
FORD CANALE	DIRECTOR	1.00	Director	$0	$0	$0
MARY CHANDLER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID DAHLER	DIRECTOR	1.00	Director	$0	$0	$0
D MICHAEL EDELMUTH	DIRECTOR	1.00	Director	$0	$0	$0
SKEET HAAG	DIRECTOR	1.00	Director	$0	$0	$0
DANNY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
KAY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
STACEY JOHNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
MARTHA PODESTA	DIRECTOR	1.00	Director	$0	$0	$0
FANNIE SHELTON	DIRECTOR	1.00	Director	$0	$0	$0
ANN WILSON	DIRECTOR	1.00	Director	$0	$0	$0
DONNA GRIMM	WINGS PRESIDENT	1.00	Officer	$0	$0	$0
PATRICK TAYLOR	EXECUTIVE DIRECTOR	40.00	Officer	$0	$0	$0
KAREN THOMAS	HCE	40.00	Highest	$106,824	$0	$106,824
FRANK J GATTUSO JR	FORMER EXECUTIVE DIRECTOR	12.00		$136,201	$0	$136,201
JASON SPARROW	FORMER HCE	40.00		$169,115	$0	$169,115
KAREN PANNELL	FORMER HCE	40.00		$117,165	$0	$117,165
REBECCA LEWIS	FORMER HCE	40.00		$132,122	$0	$132,122

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	$23,110,975	$22,035,451	$26,454,013	$1,075,524
2022	$20,284,173	$20,621,863	$23,341,566	$-337,690
2021	$18,165,699	$17,822,812	$24,665,366	$342,887
2020	$16,469,435	$17,084,320	$25,994,575	$-614,885
2019	$16,438,693	$17,196,686	$24,929,534	$-757,993

AVE MARIA HOME INC