Mary Health of the Sick Convalescent & Nursing Hospital Incorporated

EIN: 952299398 501(c)(3) Health Care

Newbury Park, CA

Total Revenue
$10,577,429
Total Expenses
$9,751,210
Total Assets
$22,130,136
Net Assets
$21,242,301
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1964
Legal Domicile
CA
Principal Officer
Margarita Rico
Phone
8054983644
Tax Period
2024-01-01 to 2024-12-31

Mary Health of the Sick Convalescent & Nursing Hospital Incorporated, founded in 1964, is a mid-sized nonprofit in the Health Care sector that reported $10.6M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $9.8M left a modest 8% surplus.

Mission

To provide the highest level of long-term care in Southern California. The Servants of Mary and Ministers to the Sick are dedicated to helping in the personal life transition of the residents and their famiiles in a spirit and expression of love and concern.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $892,189
Program Service Revenue $9,094,948
Investment Income $271,420
Other Revenue $318,872
TOTAL REVENUE $10,577,429

Expense Breakdown

Grants Paid $282,687
Salaries & Benefits $5,945,018
Fundraising Expenses $157,431
Program Expenses $7,734,619
Other Expenses $3,523,505
TOTAL EXPENSES $9,751,210

Year-over-Year Comparison

2024 2023 Change
Revenue $10,577,429 $12,211,666 -0.1%
Expenses $9,751,210 $9,079,571 +0.1%
Net Income $826,219 $3,132,095 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
4
Independent Members
4
Employees
122
Volunteers
50

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
$0
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Remely Beloy Dir of Nursing 40.00
$163,812 $9,049 $172,861
Shideh Afshar-Tavana Administrator 40.00
$142,358 $1,041 $143,399
Elsie Landingin CNA 40.00
$125,549 $9,049 $134,598
Lorena Rivera RN 40.00
$131,232 $1,041 $132,273
Elaine Veran RN 40.00
$119,064 $9,049 $128,113
Miriam Rivera VP/SECRETARY 50.00
Officer Director
$0 $0 $0
Mother Veronica Hernandez President 50.00
Officer Director
$0 $0 $0
Margarita Rico Executive Dir. 50.00
Officer Director
$0 $0 $0
Sister Adriana Olivares Treasurer 50.00
Officer 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 $10,577,429 $9,751,210 $22,130,136 $826,219
2023 $12,211,666 $9,079,571 $20,108,636 $3,132,095
2022 $8,035,111 $8,610,980 $15,865,222 $-575,869
2021 $7,564,267 $7,980,323 $17,747,085 $-416,056
2020 $7,415,592 $8,219,680 $17,282,284 $-804,088
2019 $7,291,690 $7,493,410 $16,223,444 $-201,720
2018 $7,452,880 $6,980,420 $14,920,649 $472,460
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