HCR MANORCARE INC

EIN: 825373223 501(c)(3) Health Care

TOLEDO, OH

Total Revenue
$1,049,743,119
Total Expenses
$1,321,859,535
Total Assets
$680,591,181
Net Assets
$-507,656,779
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
OH
Principal Officer
TERRENCE METZGER
Phone
4192525772
Tax Period
2023-01-01 to 2023-12-31

HCR MANORCARE INC, founded in 2018, is a large national nonprofit in the Health Care sector that reported $1.0B in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $1.3B exceeded revenue, resulting in a 26% operating deficit.

Mission

HCR MANORCARE, INC.'S POST-ACUTE DIVISION WILL SUPPORT HEALTH SYSTEMS, ACUTE CARE PROVIDERS, HEALTH PLANS AND COMMUNITY ORGANIZATIONS BY PROVIDING ACCESS TO A VARIETY OFPOST-HOSPITAL CARE SERVICES IN THE COMMUNITIES WE SERVE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $13,079,923
Program Service Revenue $1,038,459,588
Investment Income $-3,837,879
Other Revenue $2,041,487
TOTAL REVENUE $1,049,743,119

Expense Breakdown

Grants Paid $0
Salaries & Benefits $695,952,157
Fundraising Expenses $0
Program Expenses $1,135,249,760
Other Expenses $625,907,378
TOTAL EXPENSES $1,321,859,535

Year-over-Year Comparison

2023 2022 Change
Revenue $1,049,743,119 $2,223,166,508 -0.5%
Expenses $1,321,859,535 $3,102,666,249 -0.6%
Net Income $-272,116,416 $-879,499,741 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
5
Independent Members
N/A
Employees
464
Volunteers
250

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
$4,599,827
Total Directors
7
$2,774,615
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA BRANDT TRUSTEE-PART YEAR 1.00
Director
$0 $2,999 $1,236,230
STEVE STAELIN TRUSTEE 1.00
Director
$0 $0 $0
ROBERT LACLAIR TRUSTEE 1.00
Director
$0 $0 $30,000
RAVI NARRA TRUSTEE/PHYSICIAN 1.00
Director
$0 $5,857 $556,676
MARY JANE WURTH TRUSTEE - PART YEAR 1.00
Director
$0 $0 $30,000
JUSTIN SKIVER TRUSTEE/PRESIDENT 1.00
Director
$0 $7,106 $921,709
JAMES F WHITE JR TRUSTEE 1.00
Director
$0 $0 $0
STEVE SADOWSKI SECRETARY/CHIEF LEGAL OFFICER 1.00
Officer
$0 $6,028 $1,413,208
LOUIS ROBICHAUX TREASURER 1.00
Officer
$0 $0 $0
TERRENCE METZGER CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $4,079 $1,059,169
ARTURO POLIZZI PRESIDENT AND CEO 1.00
Officer
$0 $5,857 $2,127,450
IBRAHIM AWADA PHYSICAL THERAPIST 45.00
Highest
$162,055 $0 $162,055
BRUCE SIBBERSEN OPERATIONS MANAGER 45.00
Highest
$136,259 $0 $136,259
BRADLEY WILT PHYSICAL THERAPIST 45.00
Highest
$266,439 $1,823 $268,262
TERESE HIGGINS DIRECTOR OF HOME CARE OPERATIONS 45.00
Highest
$145,009 $0 $145,009
LINDA CHAMBERS ASSOCIATE VP, REHAB SERVICES 45.00
Highest
$160,193 $0 $160,193
STEVEN M CAVANAUGH TREASURER, CFO - FORMER 0.00
$0 $995 $1,336,175
JEFFREY C KUHN CHIEF LEGAL OFFICER - FORMER 0.00
$0 $30,922 $752,822
GARY AKENBERGER CHIEF EXECUTIVE OFFICER-FORMER 0.00
$0 $3,400 $551,730
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 $1,049,743,119 $1,321,859,535 $680,591,181 $-272,116,416
2022 $2,223,166,508 $3,102,666,249 $2,136,703,502 $-879,499,741
2021 $2,659,786,778 $2,974,751,931 $5,253,916,811 $-314,965,153
2020 $2,854,370,955 $2,868,589,120 $4,332,496,062 $-14,218,165
2019 $3,005,373,148 $2,985,344,072 $4,492,041,234 $20,029,076
2018 $1,342,512,097 $1,305,493,708 $2,416,076,768 $37,018,389
Explore More Nonprofits
Top 100 Nonprofits in Ohio Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare HCR MANORCARE INC with other nonprofits in Ohio and across the country.