EDGEWOOD RETIREMENT COMMUNITY 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

1993

Legal Domicile

Principal Officer

MARLENE ROTERING

Phone

9787253300

Tax Period

2024-01-01 to 2024-12-31

EDGEWOOD RETIREMENT COMMUNITY INC, founded in 1993, is a mid-sized nonprofit in the Human Services sector that reported $31.8M in total revenue in fiscal year 2024. Expenses of $30.3M left a modest 5% surplus.

Mission

THE ORGANIZATION OFFERS INDEPENDENT LIVING, HEALTHCARE AND SUPPORTIVE SERVICES TO EMPOWER MEMBERS TO BE ARCHITECTS OF THEIR OWN WELL-BEING. THE ORGANIZATION ACCOMPLISHES THIS BY A RELENTLESS PURSUIT OF A CARING CULTURE WITH PASSIONATE ATTENTION TO INDIVIDUAL NEEDS AND VALUES.

Program Service Accomplishments

Program 1

Expenses: $27,595,373 Revenue: $29,659,388

THE COMMUNITY CONSISTS OF 217 RESIDENTIAL UNITS, 24 COTTAGES, COMMON SPACE, 40 NURSING CARE BEDS AND 40 ASSISTED LIVING BEDS. THE COMMUNITY OPERATES UNDER THE "LIFE CARE" CONCEPT IN WHICH RESIDENTS ENTER INTO A RESIDENCY AGREEMENT WHICH REQUIRES PAYMENT OF A ONE-TIME ENTRANCE FEE AND MONTHLY SERVICE FEES. THESE PAYMENTS ENTITLE RESIDENTS TO THE USE AND PRIVILEGES OF THE COMMUNITY FOR LIFE. EDGEWOOD ALSO OPERATES THE WOODLANDS INN WHICH IS AN ASSISTED LIVING FACILITY. THE INN IS A COMMUNITY THAT CONSISTS OF 40 UNITS.

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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 $328,655

Program Service Revenue $29,659,388

Investment Income $1,844,024

Other Revenue $0

TOTAL REVENUE $31,832,067

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,251,716

Fundraising Expenses $0

Program Expenses $27,595,373

Other Expenses $15,054,739

TOTAL EXPENSES $30,306,455

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,832,067	$29,586,126	+0.1%
Expenses	$30,306,455	$29,736,599	+0.0%
Net Income	$1,525,612	$-150,473	-11.1%

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

389

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

$1,216,612

Total Directors

$828,922

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARLENE ROTERING	PRESIDENT/CEO	11.00	Officer Director	$0	$62,213	$828,922
JANE P SULLIVAN	CFO	14.00	Officer	$0	$33,024	$387,690
KATHLEEN D' AMICO	DIRECTOR OF MARKETING	10.00	Highest	$197,194	$49,157	$246,351
DAVID BOTTE	EXECUTIVE DIRECTOR	40.00	Highest	$212,795	$19,916	$232,711
ROZA KHAN	HOUSE MANAGER	60.00	Highest	$208,166	$16,072	$224,238
BETH SKAFAS	ADMINISTRATOR	40.00	Highest	$165,925	$49,441	$215,366
ROBERT COPPOLA	PROJECT MANAGER	12.00	Highest	$198,807	$13,990	$212,797
THOMAS SMITH	CHAIR	1.00	Officer Director	$0	$0	$0
MICHAEL D CONSOLI	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARLENE HOYT	TREASURER	1.00	Officer Director	$0	$0	$0
ROBIN GORSKI-ROUTHIER	SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL W HAWKINS	TRUSTEE	1.00	Director	$0	$0	$0
DANIEL B COTE	TRUSTEE (JOINED 05/2024)	1.00	Director	$0	$0	$0
RICHARD L SUMBERG	TRUSTEE	1.00	Director	$0	$0	$0
KENNETH R FEYL	TRUSTEE (JOINED 05/2024)	1.00	Director	$0	$0	$0
SAYEEDA RAHMAN MD	TRUSTEE	1.00	Director	$0	$0	$0
SARAH MCEVOY	TRUSTEE	1.00	Director	$0	$0	$0
MARY M SHANNON	TRUSTEE (JOINED 05/2024)	1.00	Director	$0	$0	$0
MARK B JOHNSON ESQUIRE	TRUSTEE (JOINED 05/2024)	1.00	Director	$0	$0	$0
GEORGE AUCLAIR	RESIDENT TRUSTEE	1.00	Director	$0	$0	$0
HEATHER HART	RESIDENT TRUSTEE (JOINED 02/2024)	1.00	Director	$0	$0	$0
HOLLIS YOUNG	RESIDENT TRUSTEE	1.00	Director	$0	$0	$0
ELLIOT HACKER	TREASURER (UNTIL 05/2024)	1.00	Officer Director	$0	$0	$0
CAMILLE MIRAGLIOTTA DALY	SECRETARY (UNTIL 05/2024)	1.00	Officer Director	$0	$0	$0
SWAITHA MARIPURI	TRUSTEE (UNTIL 05/2024)	1.00	Director	$0	$0	$0
MICHAEL TULE ESQ	TRUSTEE (UNTIL 05/2024)	1.00	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
2024	$31,832,067	$30,306,455	$154,895,092	$1,525,612
2023	$29,586,126	$29,736,599	$144,132,237	$-150,473
2022	$28,502,846	$28,325,942	$134,239,865	$176,904
2021	$28,111,868	$27,991,795	$138,118,772	$120,073
2020	$29,441,280	$27,759,378	$134,608,129	$1,681,902
2019	$25,902,645	$26,774,317	$132,679,362	$-871,672
2018	$24,659,022	$25,037,413	$131,596,249	$-378,391