LOOMIS COMMUNITIES INC

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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

1983

Legal Domicile

Principal Officer

MARGARET R MANTONI

Phone

4135325325

Tax Period

2023-01-01 to 2023-12-31

LOOMIS COMMUNITIES INC, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $20.2M in total revenue in fiscal year 2023. Expenses of $17.8M left a modest 12% surplus.

Mission

THE MISSION OF THE LOOMIS COMMUNITIES IS TO OPEN THE DOOR OF POSITIVE AGING OF OLDER ADULTS BY PROVIDING A CONTINUUM OF HIGH QUALITY SERVICES WHICH PROMOTES INDEPENDENCE AND MEETS THE CHANGING NEEDS OF PEOPLE THROUGHOUT THE AGING PROCESS.

Program Service Accomplishments

Program 1

Expenses: $7,205,795 Revenue: $8,653,562

LOOMIS VILLAGE PROVIDES INDEPENDENT AND ASSISTED LIVING HOUSING FOR THE ELDERLY. THE RETIREMENT COMMUNITY CONSISTS OF 38 COTTAGE-STYLE VILLA UNITS, 96 INDEPENDENT LIVING UNITS AND 24 ASSISTED LIVING...

Program 2

Expenses: $4,336,517 Revenue: $5,920,595

APPLEWOOD PROVIDES HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES THROUGH THE OPERATIONS OF A LIFE CARE RETIREMENT FACILITY CONSISTING OF 103 INDEPENDENT LIVING UNITS.

Program 3

Expenses: $690,211 Revenue: $3,353,946

LOOMIS CORPORATE MANAGEMENT PROVIDES MANAGERIAL AND ADMINISTRATIVE SERVICES TO RELATED ENTITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $116,408

Program Service Revenue $18,248,823

Investment Income $1,554,460

Other Revenue $298,325

TOTAL REVENUE $20,218,016

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,833,756

Fundraising Expenses $123,819

Program Expenses $12,859,873

Other Expenses $9,976,875

TOTAL EXPENSES $17,810,631

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,218,016	$19,721,910	+0.0%
Expenses	$17,810,631	$18,142,591	0.0%
Net Income	$2,407,385	$1,579,319	+0.5%

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

307

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

$531,258

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANTHONY PELLEGRINO	DIRECTOR (UNTIL MAY 2023)	1.00	Director	$0	$0	$0
BRIAN CRAVEN	DIRECTOR (UNTIL MAY 2023)	1.00	Director	$0	$0	$0
DEBORAH BUCKLEY	DIRECTOR, VICE CHAIR	2.00	Officer Director	$0	$0	$0
DEBORAH SNOW	DIRECTOR	1.00	Director	$0	$0	$0
ERIK KJELDSEN	DIRECTOR	1.00	Director	$0	$0	$0
FLETCHER DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
GLADYS STARKS	DIRECTOR (UNTIL MAY 2023)	1.00	Director	$0	$0	$0
JEFFREY HAYDEN	DIRECTOR	1.00	Director	$0	$0	$0
JESSICA BODON	DIRECTOR	1.00	Director	$0	$0	$0
KATHLEEN BOWLER	DIRECTOR	1.00	Director	$0	$0	$0
PAUL BREEN	DIRECTOR	1.00	Director	$0	$0	$0
PAUL LAMBERT	DIRECTOR, CHAIR	2.00	Officer Director	$0	$0	$0
SARA LAWRENCE	DIRECTOR	1.00	Director	$0	$0	$0
SEUNGHEE CHA	DIRECTOR	1.00	Director	$0	$0	$0
STEPHEN CORRIGAN	DIRECTOR (UNTIL MAY 2023)	1.00	Director	$0	$0	$0
WINSTON LAVALLEE	DIRECTOR (UNTIL MAY 2023)	1.00	Director	$0	$0	$0
THOMAS PRATT	DIRECTOR	1.00	Director	$0	$0	$0
SANFORD BELDEN	DIRECTOR	1.00	Director	$0	$0	$0
PATRICIA CRUTCHFIELD	DIRECTOR	1.00	Director	$0	$0	$0
MAX WINTERS	DIRECTOR	1.00	Director	$0	$0	$0
HEATHER ZOELLER	DIRECTOR	1.00	Director	$0	$0	$0
PETER CONNOR	CLERK	2.00	Officer	$0	$0	$0
MARGARET R MANTONI	PRESIDENT & CEO	30.00	Officer	$319,297	$21,888	$341,185
CARLY CAVANAUGH	CFO & TREASURER & ASSISTANT CLERK	30.00	Officer	$178,033	$12,040	$190,073
TONI HENDRIX	HR DIRECTOR	30.00	Highest	$112,335	$9,463	$121,798
LOUIS IANNUCCILLI	EXECUTIVE DIRECTOR	40.00	Highest	$139,836	$23,610	$163,446
MAUREEN O'TOOLE	EXECUTIVE DIRECTOR	40.00	Highest	$167,177	$16,844	$184,021
JOSEPH PAUL	IT DIRECTOR	20.00	Highest	$118,518	$18,582	$137,100
LUCY YOUNG	CONTROLLER	40.00	Highest	$101,525	$11,683	$113,208

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	No data	No data	No data	No data
2023	$20,218,016	$17,810,631	$108,214,705	$2,407,385
2022	$19,721,910	$18,142,591	$99,086,463	$1,579,319
2021	$19,770,909	$17,072,400	$99,172,957	$2,698,509
2020	$17,716,175	$16,946,053	$88,412,990	$770,122
2019	$15,437,149	$15,371,321	$85,041,155	$65,828
2018	$16,367,827	$15,441,024	$82,224,266	$926,803