Schaffer Extended Care Center

Nonprofit profile at a glance

EIN
462929888
IRS 990 coverage
2014–2024
Forms available
Form 990 2024
Location
New Rochelle, NY, USA
Phone
9143498400
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Community Health Systems

Official website

Reported finances

Revenue
$17,777,361
Expenses
$26,565,866
Assets
$10,590,813
Liabilities
$55,164,706

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

43 people listed

Executive titles in this filing

  • PHILIP O OZUAH MD PHD (PRESIDENT & CEO)

Highest reported compensation

  • PHILIP O OZUAH MD PHD (PRESIDENT & CEO): $16,690,037 total reported compensation
  • COLLEEN BLYE (EXEC VP & CFO): $4,280,008 total reported compensation
  • SUSAN GREEN-LORENZEN RN (SYSTEM SENIOR VP-OPERATIONS): $3,118,181 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Mission: to heal, to teach, to discover and to advance the health of the communities we serve. Values: humanity, innovation, teamwork, diversity and equity - our values define our philosophy of care. They shape our actions and motivate and inspire us to pursue excellence and achieve our goals.

What it reported doing in 2024

The schaffer extended care center at montefiore new rochelle hospital is part of montefiore health system, the university hospital system for albert einstein college of medicine. The center operates a 150-bed comprehensive skilled nursing facility offering short-term rehabilitation/sub-acute care and skilled long-term care that provide a wide range of healthcare and social services for medically frail seniors and those with chronic conditions or disabilities. Since our beginning, our rehabilitation program has been helping cardiopulmonary, orthopaedic, and surgery patients to return to their homes and families as quickly as possible. Our short-term program specializes in cardiopulmonary rehabilitation, post-surgery and stroke recovery, as well as fracture, fall and frail patient care. We are focused on helping our patients recover and regain their function and independence as rapidly as possible. Schaffer extended care center began operations on november 6, 2013 at the site of the former howe avenue nursing home in new rochelle, New York. The care center provided 51,619 days of skilled nursing and residential health care during 2024.

Operating model

Revenue model
Other-operating. 99% of the money available for current operations came from other operating 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.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 88
  • Transparency & Controls: 67
  • Accountability: 89
  • Sustainability: 10
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 96.6%; rating input score 97
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd 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: Yes; rating input score 100

Accountability

  • Independent voting board: 97%; rating input score 97; 31st 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: -49.4%; rating input score 2; 2nd percentile among comparable filings
  • Total-asset coverage ratio: 0.4; rating input score 11; 11th percentile among comparable filings
  • Liabilities to assets ratio: 5.21; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 5.4%; rating input score 47; 47th percentile among comparable filings

Growth

  • Program expense growth: 3.9% per year; rating input score 100; 33rd percentile among comparable filings
  • Revenue growth: 0.5% per year; rating input score 100; 10th percentile among comparable filings
  • Asset growth: 0.8% per year; rating input score 100; 13th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 96.6% of spending went to programs
  • Governance: 32 of 33 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $25.7M in reported program spending
  • Leadership: top reported pay $16.7M · 43 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes executive pay and related organizations
  • Filing history: 10 filing years from 2014 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 57 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.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • High — Sustainability: Operating margin scored 2/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 11/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.
  • Moderate — Sustainability: Officer compensation ratio scored 47/100.