KENDAL AT HANOVER I (EIN 020519490) - 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

1988

Legal Domicile

Phone

6036438900

Tax Period

2025-01-01 to 2025-12-31

KENDAL AT HANOVER I, founded in 1988, is a mid-sized nonprofit in the Housing & Shelter sector that reported $43.4M in total revenue in fiscal year 2025. Expenses of $37.8M left a modest 13% surplus.

Mission

Kendal at Hanover is a not-for-profit continuing care retirement community characterized by mutual respect, integrity and a concern for each other's welfare that fosters the independence, vitality, health and security of older persons and in which residents and staff may exercise their talents in a supportive environment. Specifically, our mission states: "Together, transforming the experience of aging."

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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 (2025)

Revenue Breakdown

Contributions & Grants $537,855

Program Service Revenue $36,773,220

Investment Income $4,992,663

Other Revenue $1,054,229

TOTAL REVENUE $43,357,967

Expense Breakdown

Grants Paid $279,888

Salaries & Benefits $18,900,323

Fundraising Expenses $0

Program Expenses $31,754,224

Other Expenses $18,581,416

TOTAL EXPENSES $37,761,627

Year-over-Year Comparison

	2025	2024	Change
Revenue	$43,357,967	$42,098,589	+0.0%
Expenses	$37,761,627	$37,615,106	+0.0%
Net Income	$5,596,340	$4,483,483	+0.2%

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

398

Volunteers

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

$700,365

Total Directors

Key Employees

$389,271

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Beth Vettori	Chief Executive Officer	50	Officer	$318,595	$19,463	$338,058
David Urso	Chief Operating Officer	50	Key Emp	$176,469	$21,801	$198,270
Yan Song	Registered Nurse	62.5	Highest	$184,477	$11,073	$195,550
Riann Chrimes	Controller/Incoming CFO	50	Officer	$184,157	$9,717	$193,874
Rebecca Daniels	Director of Healthcare Operations	50	Key Emp	$179,608	$11,393	$191,001
Brent B Edgerton	Chief Financial Officer-(Left June 2025)	50	Officer	$138,722	$29,711	$168,433
Jeffrey Roosevelt	Director of Community Relations & Marketing	50	Highest	$151,656	$15,246	$166,902
Robert B Jones	Information Technology Director	50	Highest	$146,068	$19,667	$165,735
Madeline L Nolan	Director of Nursing	50	Highest	$149,446	$13,506	$162,952
Melissa M Perreault	Licensed Practical Nurse	52.1	Highest	$128,928	$6,608	$135,536
Robert Kline-Schoder	Chair	1	Officer Director	$0	$0	$0
Tom Corindia	Board Member	1	Director	$0	$0	$0
Judy Csatari	Board Member	1	Director	$0	$0	$0
Suzanne Elusorr	Board Member	1	Director	$0	$0	$0
Sean Gorman	Board Member	1	Director	$0	$0	$0
Ruth Lappin	Board Member (Left June 2025)	1	Director	$0	$0	$0
Lisabeth Maloney	Board Member	1	Director	$0	$0	$0
Nancy Marion	Treasurer	1	Officer Director	$0	$0	$0
Bridget Mudge	Secretary	1	Officer Director	$0	$0	$0
Eric Shirley	Board Member	1	Director	$0	$0	$0
Margaret Rightmire	Vice Chair	1	Officer Director	$0	$0	$0
Anant Sundaram	Board Member	1	Director	$0	$0	$0
George Rupp	Board Member	1	Director	$0	$0	$0
Lisa Celone	Board Member	1	Director	$0	$0	$0
Robert Hansen	Board Member	1	Director	$0	$0	$0
Mike Parisi	Board Member	1	Director	$0	$0	$0
Susan Hanifin	Board Member	1	Director	$0	$0	$0
Susan Holcombe	Board Member	1	Director	$0	$0	$0
Joel Stettenheim	Board Member	1	Director	$0	$0	$0
Nancy K Carroll	Board Member (Left June 2025)	1	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
2025	$43,357,967	$37,761,627	$227,942,191	$5,596,340
2024	No data	No data	No data	No data
2023	$39,576,456	$36,223,085	$198,960,479	$3,353,371
2022	$33,925,739	$32,830,836	$195,680,416	$1,094,903
2021	$31,489,711	$29,908,755	$202,821,277	$1,580,956
2020	$31,011,139	$29,574,818	$187,421,102	$1,436,321
2019	$31,911,575	$28,149,006	$175,836,550	$3,762,569
2018	$29,689,947	$26,933,561	$153,931,579	$2,756,386

KENDAL AT HANOVER I