MISSION CONVALESCENT HOME INC OLD FOLKS MISSION CENTER INC (EIN 620729817) - 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

Principal Officer

DUANE E CHERRY

Phone

7314242951

Tax Period

2023-01-01 to 2023-12-31

MISSION CONVALESCENT HOME INC OLD FOLKS MISSION CENTER INC, founded in 1961, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2023.

Mission

THE MISSION OF THE ORGANIZATION IS TO DELIVER "UNCOMPROMISED QUALITY HEALTH CARE" TO RESIDENTS ON A DAILY BASIS. THE ORGANIZATION IS A CHURCH RELATED NURSING HOME PROVIDING 24 HOUR CARE FOR ELDERLY PATIENTS WHO ARE CHRONICALLY ILL OR DISABLED. IN-PATIENT REHABILITATION THERAPY AND HOSPICE SERVICES ARE ALSO OFFERED.

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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 $11,304

Program Service Revenue $3,925,135

Investment Income $220

Other Revenue $521

TOTAL REVENUE $3,937,180

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,905,410

Fundraising Expenses $0

Program Expenses $4,060,601

Other Expenses $2,159,246

TOTAL EXPENSES $4,064,656

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,937,180	$3,900,332	+0.0%
Expenses	$4,064,656	$3,851,106	+0.1%
Net Income	$-127,476	$49,226	-3.6%

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

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

$198,395

Total Directors

$198,395

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DUANE E CHERRY	CEO/ADMINIST	40.00	Officer Director	$101,625	$0	$101,625
JAMES E CHERRY	ASST ADMINIS	40.00	Officer Director	$96,770	$0	$96,770
IDA RUTH BRADFORD	VICE CHAIRMA	N/A	Director	$0	$0	$0
MICHAEL CHERRY	CHAIRMAN	N/A	Director	$0	$0	$0
DWIGHT JONES	DIRECTOR	N/A	Director	$0	$0	$0
TOMMY MARSHALL	DIRECTOR	N/A	Director	$0	$0	$0
MARCIA MITCHELL	DIRECTOR	N/A	Director	$0	$0	$0
NATHAN PRIDE	DIRECTOR	N/A	Director	$0	$0	$0
TERICA SMITH	DIRECTOR	N/A	Director	$0	$0	$0
DEBORAH STAFFORD	DIRECTOR	N/A	Director	$0	$0	$0

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	$3,937,180	$4,064,656	$2,953,905	$-127,476
2022	$3,900,332	$3,851,106	$3,113,443	$49,226
2021	$3,814,018	$3,693,370	$3,070,721	$120,648

MISSION CONVALESCENT HOME INC OLD FOLKS MISSION CENTER INC