HAWTHORNE RIDGE INC (EIN 800102840) - 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

MICHELLE MAZZACCO

Phone

5188331111

Tax Period

2022-07-01 to 2023-06-30

HAWTHORNE RIDGE INC, founded in 2003, is a community nonprofit in the Housing & Shelter sector that reported $7.9M in total revenue in fiscal year 2022. Expenses of $6.9M left a modest 13% surplus.

Mission

TO PROVIDE INDEPENDENT AND ASSISTED LIVING FACILITIES TO SENIORS

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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 $14,302

Program Service Revenue $7,410,952

Investment Income $489,365

Other Revenue $3,400

TOTAL REVENUE $7,918,019

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,678,040

Fundraising Expenses $0

Program Expenses $5,975,195

Other Expenses $3,239,376

TOTAL EXPENSES $6,917,416

Year-over-Year Comparison

	2022	2021	Change
Revenue	$7,918,019	$7,758,421	+0.0%
Expenses	$6,917,416	$6,976,138	0.0%
Net Income	$1,000,603	$782,283	+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

156

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

$3,883,445

Total Directors

$5,227,571

Key Employees

$323,799

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL ISACKSEN	DIR AT 10/22; TRINITY HEALTH CFO	0.10	Director	$0	$328,490	$1,950,338
JAMES REED MD	DIRECTOR, PRESIDENT & CEO THR 12/22	1.00	Officer Director	$0	$125,391	$1,424,370
STEVEN HANKS MD	SPHP COO; DIR, PRES & CEO AT 1/23	0.10	Officer Director	$0	$148,352	$1,029,153
THOMAS ROBERT	VP, CFO & TREASURER - NY REGION	0.10	Officer	$0	$143,208	$826,516
DAWN GEISERT	DIR THR 9/22;TH CHIEF COMPLIANCE OFF	0.10	Director	$0	$153,892	$818,882
KIM BAKER	FORMER OFFICER; SPHP SVP HOSP OPS	0.00		$0	$102,691	$679,313
MICHELLE MAZZACCO	EVP, CONTINUING CARE	1.00	Officer	$0	$26,494	$348,962
KRISTIN SIGNOR	CFO, CONTINUING CARE	1.00	Key Emp	$0	$44,742	$323,799
ROBERT SWIDLER ESQ	SECRETARY; VP LEGAL SERVICES	0.10	Officer	$0	$19,036	$254,444
SUSAN TEDESCO	EXECUTIVE DIRECTOR	40.00	Highest	$107,683	$5,902	$113,585
GINA MYERS	DIR AS OF 10/22; SJHHC CONSULTANT	0.10	Director	$0	$0	$4,828
ROBERT MCCORMICK	DIRECTOR; CHAIR	0.10	Officer Director	$0	$0	$0
KATHLEEN JIMINO	DIR; V CHR THR 9/22; TREAS AT 10/22	0.10	Officer Director	$0	$0	$0
JOHN MARSHALL	DIRECTOR & VICE CHAIR AS OF 10/22	0.10	Officer Director	$0	$0	$0
MARY ANN LOGIUDICE RSM	DIRECTOR; TREASURER THROUGH 9/22	0.10	Officer Director	$0	$0	$0
GUHA BALA	DIRECTOR	0.10	Director	$0	$0	$0
BARBARA COTTRELL	DIRECTOR THROUGH 9/22	0.20	Director	$0	$0	$0
GARY DAKE	DIRECTOR	0.10	Director	$0	$0	$0
GEORGE HEARST III	DIRECTOR THROUGH 9/22	0.20	Director	$0	$0	$0
LEE MCELROY JR	DIRECTOR	0.10	Director	$0	$0	$0
MICHAEL MEATH	DIRECTOR AS OF 10/22	0.10	Director	$0	$0	$0
MERRIETTE POLLARD	DIRECTOR AS OF 10/22	0.10	Director	$0	$0	$0
CURTIS POWELL	DIRECTOR THROUGH 9/22	0.20	Director	$0	$0	$0
KERRI SWEET ZAVAGLIA	DIRECTOR AS OF 10/22	0.10	Director	$0	$0	$0
WILLIAM WILDRIDGE III	DIRECTOR AS OF 10/22	0.10	Director	$0	$0	$0
MICHAEL WOLFF MD	DIRECTOR THROUGH 9/22	0.20	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	No data	No data	No data	No data
2023	$7,918,019	$6,917,416	$27,660,418	$1,000,603
2022	$7,758,421	$6,976,138	$26,221,123	$782,283
2021	$8,269,765	$6,696,065	$26,187,114	$1,573,700
2020	$7,462,317	$6,493,795	$23,079,916	$968,522
2019	$7,155,582	$6,399,010	$22,740,020	$756,572
2018	$6,995,339	$6,222,525	$21,360,986	$772,814

HAWTHORNE RIDGE INC