MARY QUEEN OF ANGELS INC

EIN: 621774571 501(c)(3)

NASHVILLE, TN

Total Revenue
$5,878,618
Total Expenses
$7,769,366
Total Assets
$21,238,482
Net Assets
$10,010,564
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
TN
Principal Officer
RICHARD BOROFSKI
Phone
6157604424
Tax Period
2023-07-01 to 2024-06-30

MARY QUEEN OF ANGELS INC, founded in 1999, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $7.8M exceeded revenue, resulting in a 32% operating deficit.

Mission

THE ORGANIZATION IS ORGANIZED TO ENGAGE IN GENERAL CHARITABLE UNDERTAKINGS AND ENDEAVORS, INCLUDING, BUT NOT LIMITED TO, DEVELOP, ACQUIRE, CONSTRUCT AND MAINTAIN BUILDINGS AND PROPERTY FOR PROVIDING A QUALITY ASSISTED LIVING/ALZHEIMER CARE FACILITY CONTAINING FACILITIES FOR RECREATION, INSTRUCTION, EDUCATION AND ADMINISTER TO THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE ELDERLY RESIDENTS OF THE ABOVE MENTIONED FACILITIES.

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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 $116,511
Program Service Revenue $5,135,195
Investment Income $290,151
Other Revenue $336,761
TOTAL REVENUE $5,878,618

Expense Breakdown

Grants Paid $2,162,669
Salaries & Benefits $3,728,517
Fundraising Expenses $0
Program Expenses $6,673,970
Other Expenses $1,878,180
TOTAL EXPENSES $7,769,366

Year-over-Year Comparison

2023 2022 Change
Revenue $5,878,618 $6,456,331 -0.1%
Expenses $7,769,366 $6,290,208 +0.2%
Net Income $-1,890,748 $166,123 -12.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
13
Independent Members
13
Employees
133
Volunteers
75

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
$548,558
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD BOROFSKI CEO 35.00
Officer
$319,219 $14,417 $333,636
LYNDSEY GOWER EXECUTIVE DIRECTOR 40.00
Officer
$204,545 $10,377 $214,922
MARY SEAMAN CONTROLLER 35.00
Highest
$134,444 $9,397 $143,841
TAMATHA LATTA DIRECTOR OF NURSING 40.00
Highest
$133,722 $9,629 $143,351
DAVID BERTANI PRESIDENT 1.00
Officer Director
$0 $0 $0
JOE MORGAN VICE-PRESIDENT 1.00
Director
$0 $0 $0
ANNA BURNETT TREASURER 1.00
Officer Director
$0 $0 $0
DAVID JOHNSON SECRETARY 1.00
Officer Director
$0 $0 $0
ROBERT HOLLAND TRUSTEE 1.00
Director
$0 $0 $0
KATHERINE DELAY TRUSTEE 1.00
Director
$0 $0 $0
BETH SEIGENTHALER COURTNEY TRUSTEE 1.00
Director
$0 $0 $0
GINO MARCHETTI TRUSTEE 1.00
Director
$0 $0 $0
ALLEN ARENDER TRUSTEE 1.00
Director
$0 $0 $0
NANCY ANNESS TRUSTEE 1.00
Director
$0 $0 $0
FATHER STEPHEN BRETT TRUSTEE 1.00
Director
$0 $0 $0
GEORGE SCHULTZ TRUSTEE 1.00
Director
$0 $0 $0
JULIE PERRY TRUSTEE 1.00
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
2025 No data No data No data No data
2024 $5,878,618 $7,769,366 $21,238,482 $-1,890,748
2023 $6,456,331 $6,290,208 $23,802,681 $166,123
2022 $6,500,734 $6,371,074 $17,679,308 $129,660
2021 $6,794,901 $5,188,221 $17,244,729 $1,606,680
2020 $5,912,969 $5,213,501 $15,324,335 $699,468
2019 $5,832,022 $4,980,529 $14,884,426 $851,493
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