SENECA PLACE (EIN 721562844) - 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

2003

Legal Domicile

Principal Officer

DEBORAH BRODINE

Phone

4126475765

Tax Period

2023-07-01 to 2024-06-30

SENECA PLACE, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $29.8M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $33.1M exceeded revenue, resulting in a 11% operating deficit.

Mission

SKILLED NURSING AND SENIOR CONGREGATE LIVING (SEE SCHEDULE O)

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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 $751,633

Program Service Revenue $25,774,392

Investment Income $91,072

Other Revenue $3,198,769

TOTAL REVENUE $29,815,866

Expense Breakdown

Grants Paid $0

Salaries & Benefits $14,892,801

Fundraising Expenses $0

Program Expenses $19,289,368

Other Expenses $18,192,485

TOTAL EXPENSES $33,085,286

Year-over-Year Comparison

	2023	2022	Change
Revenue	$29,815,866	$31,782,428	-0.1%
Expenses	$33,085,286	$38,719,010	-0.1%
Net Income	$-3,269,420	$-6,936,582	-0.5%

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

N/A

Employees

282

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

$2,176,938

Total Directors

$1,652,592

Key Employees

$251,382

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEBORAH BRODINE	DIRECTOR & CHAIR	5.0	Officer Director	$0	$135,403	$997,951
BRYANT WESLEY ESQ	SECRETARY	1.0	Officer	$0	$63,286	$524,346
MARK BONDI	DIRECTOR & PRESIDENT	1.0	Officer Director	$0	$64,571	$428,766
ROGER DAVIS R 33124	COO	5.0	Key Emp	$0	$51,999	$251,382
WILLIAM NIGRO	DIRECTOR AND TREASURER	5.0	Officer Director	$0	$29,765	$225,875
PAULA FELLERS	Restorative Nursing Coord, SN	40.0	Highest	$187,752	$36,248	$224,000
MARK SKELLY	Regional Administrator, SN	40.0	Highest	$162,197	$42,407	$204,604
MARY MAXWELL	Nursing Unit Manager, SN	40.0	Highest	$160,804	$16,846	$177,650
DENISE JOHNS	Manager, Food Services - SNF	40.0	Highest	$157,991	$17,415	$175,406
JOHN PATTERSON	SENIOR PROFESSIONAL CNA II	40.0	Highest	$158,029	$13,466	$171,495

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	$29,815,866	$33,085,286	$26,017,643	$-3,269,420
2023	$31,782,428	$38,719,010	$26,063,834	$-6,936,582
2022	$27,199,653	$38,382,240	$27,591,419	$-11,182,587
2021	$28,062,175	$30,395,227	$29,816,456	$-2,333,052
2020	$29,529,874	$30,691,295	$29,379,758	$-1,161,421
2019	$29,209,117	$29,630,239	$29,955,235	$-421,122
2018	$27,913,436	$28,882,312	$30,231,611	$-968,876

SENECA PLACE