Elderserve Health Inc

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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

2009

Phone

7185811000

Tax Period

2023-01-01 to 2023-12-31

Elderserve Health Inc, founded in 2009, is a large national nonprofit in the Health Care sector that reported $1.1B in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF ELDERSERVE HEALTH, INC. IS TO SERVE FRAIL, ELDERLY, AND DISABLED INDIVIDUALS WITH HIGH QUALITY SERVICES TO HELP THEM MAINTAIN MAXIMUM INDEPENDENCE AND QUALITY OF LIFE. ELDERSERVE HEALTH, INC. IS PART OF RIVERSPRING LIVING, A GROUP OF LONG TERM CARE AFFILIATES UNDER THIS COMMON BRAND NAME. RIVERSPRING LIVING SERVES OLDER ADULTS OF ALL FAITHS THROUGH COMPASSIONATE CARE AND VIBRANT COMMUNITY ENGAGEMENT. GUIDED BY JEWISH VALUES AND OUR NON-PROFIT MISSION, IT ADVOCATES AND CELEBRATES A VISION OF EMPOWERED AGING. RIVERSPRING LIVING'S PROGRAMS AND SERVICES INCLUDE MANAGED CARE, SENIOR HOUSING, HOME CARE, ASSISTED LIVING, REHABILITATION AND SKILLED NURSING SERVICES AND SPECIALIZED SERVICES SUCH AS ELDER JUSTICE AND MEMORY CARE. COLLECTIVELY, RIVERSPRING EMPOWERS OVER 18,000 PATIENTS, RESIDENTS AND MEMBERS TO LIVE FORWARD EVERY DAY.

Program Service Accomplishments

Program 1

Expenses: $1,070,195,360 Revenue: $1,132,178,169

MANAGED LONG TERM CARE FOR FRAIL, ELDERLY, AND DISABLED INDIVIDUALS WITH HIGH QUALITY SERVICES TO HELP THEM MAINTAIN MAXIMUM INDEPENDENCE AND QUALITY OF LIFE.

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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 $0

Program Service Revenue $1,132,178,169

Investment Income $2,073,188

Other Revenue $0

TOTAL REVENUE $1,134,251,357

Expense Breakdown

Grants Paid $0

Salaries & Benefits $52,867,028

Fundraising Expenses $0

Program Expenses $1,070,195,360

Other Expenses $1,071,743,930

TOTAL EXPENSES $1,124,610,958

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,134,251,357	$997,992,527	+0.1%
Expenses	$1,124,610,958	$1,046,826,924	+0.1%
Net Income	$9,640,399	$-48,834,397	-1.2%

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

435

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

$4,295,393

Total Directors

Key Employees

$809,827

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	VICE CHAIR	1.0	Officer Director	$0	$0	$0
N/A	CHAIR	1.0	Officer Director	$0	$0	$0
N/A	SECRETARY & TREASURER	1.0	Officer Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	Trustee	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	TRUSTEE	1.0	Director	$0	$0	$0
N/A	Interim CFO	5.0	Officer	$0	$60,643	$379,872
N/A	PRESIDENT	1.0	Officer	$0	$65,382	$2,065,154
N/A	CHIEF OPERATING OFFICER	25.0	Officer	$0	$32,203	$943,821
N/A	CEO/EXECUTIVE VP	35.0	Officer	$869,328	$37,218	$906,546
N/A	SR. VP OF REGULATORY AFFAIRS	35.0	Key Emp	$426,766	$35,766	$462,532
N/A	SR. VP OF CLINICAL OPERATIONS	35.0	Key Emp	$303,880	$43,415	$347,295
N/A	VP OF Outreach	35.0	Highest	$290,066	$34,619	$324,685
N/A	VP OF CLINICAL OPERATIONS	35.0	Highest	$281,045	$58,868	$339,913
N/A	Sr. VP OF FINANCE	35.0	Highest	$376,304	$2,967	$379,271
N/A	SENIOR VP OF QUALITY	35.0	Highest	$295,562	$18,414	$313,976
N/A	Medical Director	35.0	Highest	$372,443	$40,622	$413,065

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	$1,134,251,357	$1,124,610,958	$218,879,431	$9,640,399
2022	$997,992,527	$1,046,826,924	$216,086,323	$-48,834,397
2021	$957,027,070	$948,213,531	$276,950,489	$8,813,539
2020	$959,839,360	$937,741,814	$296,110,191	$22,097,546
2019	$943,724,186	$962,616,773	$219,261,791	$-18,892,587
2018	$787,949,092	$778,986,629	$268,652,770	$8,962,463