THE KENNEY

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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

1900

Legal Domicile

Principal Officer

JENNIFER MEYEROWITZ

Phone

8474468400

Tax Period

2024-01-01 to 2024-12-31

THE KENNEY, founded in 1900, is a community nonprofit in the Human Services sector that reported $4.6M in total revenue in fiscal year 2024. Expenses of $8.7M exceeded revenue, resulting in a 91% operating deficit.

Mission

OPERATE A CONTINUING CARE FACILITY FOR SENIORS.

Program Service Accomplishments

Program 1

Expenses: $6,133,947 Revenue: $3,925,113

AS A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING SECURITY, MEDICAL, SOCIAL, AND RELIGIOUS NEEDS OF ITS RESIDENTS, THE KENNEY CONSISTS OF 41 ASSISTED LIVING UNITS, 20 MEMORY CARE UNITS, AND 89...

AS A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING SECURITY, MEDICAL, SOCIAL, AND RELIGIOUS NEEDS OF ITS RESIDENTS, THE KENNEY CONSISTS OF 41 ASSISTED LIVING UNITS, 20 MEMORY CARE UNITS, AND 89 INDEPENDENT LIVING UNITS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $601,512

Program Service Revenue $3,925,113

Investment Income $196

Other Revenue $56,348

TOTAL REVENUE $4,583,169

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,528,120

Fundraising Expenses $0

Program Expenses $6,133,947

Other Expenses $5,214,892

TOTAL EXPENSES $8,743,012

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,583,169	N/A	N/A
Expenses	$8,743,012	N/A	N/A
Net Income	$-4,159,843	$0	N/A

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	APPOINTED RECEIVER	40.00		$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
2024	$4,583,169	$8,743,012	$29,214,797	$-4,159,843
2022	$5,774,370	$6,835,718	$28,393,331	$-1,061,348
2021	$8,055,447	$6,998,249	$30,891,794	$1,057,198
2020	$6,875,146	$8,041,454	$29,019,240	$-1,166,308
2019	$6,647,550	$8,122,768	$28,553,116	$-1,475,218
2018	$5,946,237	$7,993,621	$23,997,145	$-2,047,384