INDUSTRY CONVALESCENT HOSPITAL (EIN 953044195) - Form 990 Financial Analysis & Trantor Score

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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

1977

Legal Domicile

Principal Officer

KENNETH V CALVO

Phone

6263361274

Tax Period

2024-07-01 to 2025-06-30

INDUSTRY CONVALESCENT HOSPITAL, founded in 1977, is a community nonprofit in the Health Care sector that reported $9.5M in total revenue in fiscal year 2024. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $13.7M exceeded revenue, resulting in a 45% operating deficit.

Mission

TO TAKE PRIDE IN PROVIDING THE HIGHEST QUALITY CARE, REHABILITATION, HABILITATION AND OTHER RELATED SERVICES, WITHIN A SAFE AND CARING ENVIRONMENT, AND IN AN EFFECTIVE AND EFFICIENT MANNER.

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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 $75,115

Program Service Revenue $9,237,283

Investment Income $35,790

Other Revenue $153,145

TOTAL REVENUE $9,501,333

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,454,047

Fundraising Expenses $0

Program Expenses $8,712,896

Other Expenses $6,283,470

TOTAL EXPENSES $13,737,517

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,501,333	$7,140,756	+0.3%
Expenses	$13,737,517	$13,305,874	+0.0%
Net Income	$-4,236,184	$-6,165,118	-0.3%

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

126

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

$210,538

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID M PEREZ	BOARD MEMBER	1.00	Director	$0	$0	$0
KENNETH V CALVO	ADMINISTRATOR	40.00	Officer	$210,538	$0	$210,538
PAULINE K ADRIAN	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$0	$0
SHERYLE A WILLIAMS	DIRECTOR OF NURSING	40.00	Highest	$125,039	$2,551	$127,590
VERONICA BAUTISTA-VERZO	RN MANAGER	40.00	Highest	$164,240	$4,936	$169,176
JUN WU	DIRECTOR OF EDUCATION	40.00	Highest	$128,440	$4,912	$133,352
CHENYU SHAN	RN SUPERVISOR	40.00	Highest	$131,438	$4,778	$136,216
CECILIA ESCOBAR	ADMISSION/MARKETING/CASE M	40.00	Highest	$115,906	$4,912	$120,818

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
2025	$9,501,333	$13,737,517	$4,296,219	$-4,236,184
2024	$7,140,756	$13,305,874	$3,062,220	$-6,165,118
2023	$7,094,315	$12,407,682	$1,954,699	$-5,313,367
2022	$10,925,655	$12,632,675	$3,198,283	$-1,707,020
2021	$11,998,281	$13,131,751	$4,570,733	$-1,133,470
2020	$11,682,962	$14,620,478	$4,465,150	$-2,937,516
2019	$11,647,205	$14,491,476	$2,288,153	$-2,844,271
2018	$12,083,364	$14,600,455	$2,543,676	$-2,517,091

INDUSTRY CONVALESCENT HOSPITAL