United Church of Christ Retirement… - Form 990 Financial Data

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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

1966

Legal Domicile

Principal Officer

Michael Palmieri

Phone

6032245363

Tax Period

2024-01-01 to 2024-12-31

United Church of Christ Retirement Community Inc, founded in 1966, is a mid-sized nonprofit in the Human Services sector that reported $30.4M in total revenue in fiscal year 2024.

Mission

A faith-based not-for-profit retirement community, affiliated with the New Hampshire Conference of The United Church Of Christ, providing a continuum of services and long-term care, where people of varying backgrounds, 62 years and older, live together in an atmosphere of independence and dignity with a common bond of companionship and a sense of community.

Program Service Accomplishments

Program 1

Expenses: $26,868,153 Revenue: $28,538,436

Housing programs and ancillary services: Continuing Care Retirement Community (CCRC) on two campuses serving 526 older adults. Services provided range from assisted living to skilled nursing home...

Housing programs and ancillary services: Continuing Care Retirement Community (CCRC) on two campuses serving 526 older adults. Services provided range from assisted living to skilled nursing home care to services for those who live independently. We are a CCRC enriched by the diversity of its members, living together in a spirit of mutual respect and acceptance. We offer services, facilities and programs that are meaningful, promote well-being, and meet the environmental, physical, emotional and spiritual needs of seniors age 62 and above. (Continued on Schedule O)An integral part of our faith-based mission is our charity care programs which provide financial support to those members who have outlived their financial resources through no fault of their own, thus affording them the opportunity to remain in the community regardless of their financial status.

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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 $487,457

Program Service Revenue $28,538,436

Investment Income $1,338,781

Other Revenue $0

TOTAL REVENUE $30,364,674

Expense Breakdown

Grants Paid $3,434

Salaries & Benefits $18,792,347

Fundraising Expenses $45,768

Program Expenses $26,868,153

Other Expenses $11,756,788

TOTAL EXPENSES $30,552,569

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,364,674	$31,055,225	0.0%
Expenses	$30,552,569	$30,193,926	+0.0%
Net Income	$-187,895	$861,299	-1.2%

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

393

Volunteers

120

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

$551,709

Total Directors

$376,279

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Michael Palmieri	President/CEO	40.00	Officer Director	$327,476	$48,803	$376,279
Lisa Snow Wade	Chairperson	1.00	Officer Director	$0	$0	$0
David Gill	Vice Chairperson	1.00	Officer Director	$0	$0	$0
John Udaloy	Treasurer	1.00	Officer Director	$0	$0	$0
Douglas S Hatfield Esq	Ex-Officio Voting Member	1.00	Director	$0	$0	$0
Rev Gordon Rankin	Ex-Officio Voting Member	1.00	Director	$0	$0	$0
Sean Skabo	Secretary	1.00	Officer Director	$0	$0	$0
Anna Marie Sparks	Director	1.00	Director	$0	$0	$0
Leo Van Beaver	Director	1.00	Director	$0	$0	$0
Beth Slepian	Past Secretary	1.00	Officer Director	$0	$0	$0
Tracy Judd	VP/CFO	40.00	Officer	$168,884	$6,546	$175,430
Rosario Bowen	RN	40.00	Highest	$149,594	$7,311	$156,905
Linda M Sheehy	VP HR CHRO	40.00	Highest	$139,237	$18,076	$157,313
Lisa Brissette	LNA	40.00	Highest	$136,879	$14,904	$151,783
Jane Poitras	VP Heritage Heights Housing	40.00	Highest	$134,663	$39,680	$174,343
Fran F Stimpson	RN	40.00	Highest	$131,916	$5,544	$137,460

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	$30,364,674	$30,552,569	$96,850,286	$-187,895
2023	$31,055,225	$30,193,926	$92,946,537	$861,299
2022	$28,664,153	$28,679,307	$90,284,015	$-15,154
2021	$30,641,465	$28,305,278	$98,198,360	$2,336,187
2020	$26,760,017	$28,410,068	$89,852,874	$-1,650,051
2019	$25,793,105	$26,857,903	$84,379,817	$-1,064,798
2018	$26,247,526	$26,049,989	$79,201,726	$197,537

United Church of Christ Retirement Community Inc