FOSS HOME & VILLAGE

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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

1929

Legal Domicile

Principal Officer

R KEVIN MCFEELY

Phone

2063641300

Tax Period

2023-01-01 to 2023-12-31

FOSS HOME & VILLAGE, founded in 1929, is a mid-sized nonprofit in the Housing & Shelter sector that reported $27.4M in total revenue in fiscal year 2023. Revenue surged 52% from the prior year, signaling strong growth momentum.

Mission

NURSING HOME AND ASSISTED LIVING FACILITY.

Program Service Accomplishments

Program 1

Expenses: $20,389,859 Revenue: $22,956,414

SINCE 1929 FOSS HOME AND VILLAGE HAS PROVIDED CARE FOR THE COMMUNITY IN A NURSING HOME AND ASSISTED LIVING SETTING. FOSS SERVES A POPULATION WITH A SUBSTANTIAL NUMBER OF MEDICAID AND MEDICARE...

SINCE 1929 FOSS HOME AND VILLAGE HAS PROVIDED CARE FOR THE COMMUNITY IN A NURSING HOME AND ASSISTED LIVING SETTING. FOSS SERVES A POPULATION WITH A SUBSTANTIAL NUMBER OF MEDICAID AND MEDICARE SUPPORTED RESIDENTS AND PATIENTS, WITH 70% OF ITS SERVICE REVENUE FROM MEDICAID/MEDICARE. IN ADDITION TO PROVIDING CARE, FOSS STRIVES TO BE ACTIVE IN THE COMMUNITY BY PARTNERING WITH THE UNIVERSITY OF WASHINGTON, SHORELINE COMMUNITY COLLEGE AND OTHER COLLEGES AND UNIVERSITIES. FOSS PROVIDES A LEARNING ENVIRONMENT FOR INTERNSHIPS BASED IN THE FIELDS OF DENTISTRY, PHARMACY, RESTORATIVE THERAPY, NURSING, AND NURSING ASSISTANT TRAINING. FOSS ALSO HAS AN ACTIVE VOLUNTEER PROGRAM THAT ENCOURAGES HIGH SCHOOL AND COLLEGE STUDENTS. FOSS SERVED 499 NURSING HOME CLIENTS AND 39 ASSISTED LIVING CLIENTS, (CONTINUED IN SCHEDULE O)WITH THE AVERAGE LENGTH OF STAY FOR SHORT-STAY RESIDENTS, DEFINED BY THOSE WHO STAYED 100 DAYS OR LESS, OF APPROXIMATELY 22 DAYS. RATES ARE SET BASED ON THE MARKET IN THE SEATTLE AREA, WHICH ARE NECESSARY TO MAKE THE ORGANIZATION VIABLE.

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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 $1,708,346

Program Service Revenue $22,956,414

Investment Income $2,691,021

Other Revenue $29,241

TOTAL REVENUE $27,385,022

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,462,903

Fundraising Expenses $159,629

Program Expenses $20,389,859

Other Expenses $10,778,755

TOTAL EXPENSES $27,241,658

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,385,022	$17,968,264	+0.5%
Expenses	$27,241,658	$22,224,545	+0.2%
Net Income	$143,364	$-4,256,281	-1.0%

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

295

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

$809,466

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
R KEVIN MCFEELY	PRESIDENT/CEO	22.50	Officer	$0	$40,001	$533,379
BANAFSHEH BAHARLOO RN	NURSE	40.00	Highest	$218,215	$15,236	$233,451
AYENEW AEMERO LPN	NURSE	40.00	Highest	$211,148	$19,196	$230,344
GEBRU TEZERA LPN	NURSE	40.00	Highest	$185,337	$12,171	$197,508
SOLOMON G-KIDANE LPN	NURSE	40.00	Highest	$177,906	$12,024	$189,930
LAURA MOLZAHN	EXECUTIVE DIRECTOR	40.00	Officer	$141,591	$46,275	$187,866
MILAGROS ALMAZAN	NURSE	40.00	Highest	$161,681	$16,600	$178,281
TODD M HEGERMAN	DIRECTOR OF FINANCIAL SERVICES	40.00	Officer	$88,221	$0	$88,221
JEFFREY WEST RN	CHAIR	0.50	Officer Director	$0	$0	$0
JUDY WILDES	VICE CHAIR (THROUGH APRIL 2023)	0.50	Officer Director	$0	$0	$0
JULIE YARI	DIRECTOR & VICE CHAIR	0.50	Officer Director	$0	$0	$0
BEVERLY ROACH	SECRETARY	0.50	Officer Director	$0	$0	$0
KRISTEN CHICK	TREASURER	0.50	Officer Director	$0	$0	$0
BRIAN BRUCE	BOARD MEMBER	0.50	Director	$0	$0	$0
KRIS JOHANSSEN	BOARD MEMBER	0.50	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
2024	No data	No data	No data	No data
2023	$27,385,022	$27,241,658	$11,477,442	$143,364
2022	$17,968,264	$22,224,545	$11,552,384	$-4,256,281
2021	$20,550,514	$19,043,691	$15,479,734	$1,506,823
2020	$18,657,400	$20,319,549	$16,533,947	$-1,662,149
2019	$21,394,526	$21,459,251	$16,994,538	$-64,725
2018	$20,508,534	$19,792,119	$16,941,740	$716,415