Seacoast Nursing and Rehabilitation Center Inc

Overview

Mission

See schedule o for additional information

What it reported doing in 2023

See schedule o

Operating model

Revenue model
Earned-program. 100% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

Nonprofit profile at a glance

EIN
041305001
IRS 990 coverage
2009–2023
Forms available
Form 990 2023, Form 990-T 2023
Headquarters
Charlestown, MA, USA
Phone
9799223000
Rating
48
Verdict
MIXED
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities
Affiliation
Christianity

The verdict

MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 47
  • Transparency & Controls: 64
  • Accountability: 32
  • Sustainability: 77
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 23.5%; rating input score 24
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 0%; rating input score 0; 7th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 76.5%; rating input score 97; 97th percentile among comparable filings
  • Total-asset coverage ratio: 31.55; rating input score 97; 97th percentile among comparable filings
  • Liabilities to assets ratio: 0.21; rating input score 20; 20th percentile among comparable filings
  • Officer compensation ratio: 3,962%; rating input score 0; 0th percentile among comparable filings

Growth

  • Program expense growth: -13.6% per year; rating input score 0; 9th percentile among comparable filings
  • Revenue growth: -9.6% per year; rating input score 0; 7th percentile among comparable filings
  • Asset growth: -13.6% per year; rating input score 0; 5th percentile among comparable filings

Details

  • Where the money goes: 23.5% of revenue deployed · 100% of spending went to programs
  • Governance: 0 of 3 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $38K in reported program spending
  • Leadership: top reported pay $5.4M · 7 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 15 of 15 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 annual filings from 2009 to 2023
  • Contacts: How to reach this organization
  • Related organizations: 79 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Leadership & pay

7 people listed

Highest reported compensation

  • TABB MD KEVIN (TTEE/CHAIR/PRES (EX-OFF) (CEO, BILH)): $5,410,415 total reported compensation
  • RIOS CINDY (TTEE & TREAS (EXOFF) (EVP/CFO, BILH)): $1,689,163 total reported compensation
  • KATZ ESQ JAMIE (TTEE &CLERK (EX-O); GEN COUNSEL BILH): $1,302,177 total reported compensation

Source: IRS Form 990. Selected filing: FY2023.