PIERCE MEMORIAL BAPTIST HOME 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

1951

Legal Domicile

Principal Officer

PATRICIA MORSE

Phone

8607749050

Tax Period

2019-10-01 to 2020-09-30

PIERCE MEMORIAL BAPTIST HOME INC, founded in 1951, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2019. Expenses of $11.3M left a modest 10% surplus.

Mission

PIERCECARE IS A FAITH-BASED NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES A COMPASSIONATE CONTINUUM OF CARE AND SERVICES FOR ANY INDIVIDUAL IN A PLACE THEY CALL HOME.

Program Service Accomplishments

Program 1

Expenses: $6,212,875 Revenue: $7,094,013

LONG TERM CARE AND SHORT TERM REHABILITATION CENTER - THE APPROXIMATELY 55,000 SQUARE FOOT FACILITY CONTAINS 72 BEDS, THERAPY SPACE AND COMMON LIVING, DINING, AND RECREATION AREAS. LONG TERM...

LONG TERM CARE AND SHORT TERM REHABILITATION CENTER - THE APPROXIMATELY 55,000 SQUARE FOOT FACILITY CONTAINS 72 BEDS, THERAPY SPACE AND COMMON LIVING, DINING, AND RECREATION AREAS. LONG TERM RESIDENTS ENJOY A VARIETY OF PROGRAMS SUCH AS DAILY EXERCISE, GAMES, MUSIC, BINGO, PARTIES, AND BAKING, AS WELL AS A WIDE VARIETY OF INTELLECTUALLY STIMULATING PROGRAMS. THE FACILITY PROVIDES COMPREHENSIVE SERVICES TO THOSE PERSONS IN NEED OF SHORT TERM REHABILITATION FOLLOWING SURGERY OR ACUTE ILLNESSES. THESE INCLUDE PHYSICAL, OCCUPATIONAL AND SPEECH THERAPIES AS WELL AS 24 HOUR NURSING CARE, TEACHING, EDUCATION, ETC. PRIOR TO RETURNING HOME IN THE COMMUNITY.

Program 2

Expenses: $2,821,428 Revenue: $3,221,576

INDEPENDENT LIVING - THIS CONSISTS OF 82 APARTMENTS AND 6 COTTAGES. THIS PROGRAM IS DESIGNED TO BE A COMMUNITY FOR RETIRED PEOPLE WHO SEEK THE EASE AND SECURITY OF GRACIOUS AND EXCEPTIONAL LIVING...

INDEPENDENT LIVING - THIS CONSISTS OF 82 APARTMENTS AND 6 COTTAGES. THIS PROGRAM IS DESIGNED TO BE A COMMUNITY FOR RETIRED PEOPLE WHO SEEK THE EASE AND SECURITY OF GRACIOUS AND EXCEPTIONAL LIVING AMIDST FAMILIAR SURROUNDINGS AND FRIENDS.

Program 3

Expenses: $516,369 Revenue: $589,602

ASSISTED LIVING - THIS PROGRAM PROVIDES THE FREEDOM AND FLEXIBILITY OF AN INDEPENDENT HOME ENVIRONMENT PARTNERED WITH HIGH-QUALITY, INDIVIDUALIZED ASSISTED LIVING SERVICES. ASSISTED LIVING SERVICES ARE DESIGNED TO PROVIDE RESIDENTS WITH ASSISTANCE WITH BASIC ACTIVITIES OF DAILY LIVING SUCH AS BATHING, GROOMING, DRESSING, AND MORE.

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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 (2019)

Revenue Breakdown

Contributions & Grants $699,642

Program Service Revenue $10,905,191

Investment Income $963,683

Other Revenue $29,240

TOTAL REVENUE $12,597,756

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,760,112

Fundraising Expenses $0

Program Expenses $9,550,672

Other Expenses $5,541,770

TOTAL EXPENSES $11,301,882

Year-over-Year Comparison

	2019	2018	Change
Revenue	$12,597,756	$11,945,329	+0.1%
Expenses	$11,301,882	$10,948,036	+0.0%
Net Income	$1,295,874	$997,293	+0.3%

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

242

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUDY JOHNSON	ADMINSTRATOR	40.00	Highest	$104,736	$548	$105,284
SANDY STEVENS	CHAIR	10.00	Officer Director	$0	$0	$0
PETER YOUNG	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DAVID JONES	TREASURER	10.00	Officer Director	$0	$0	$0
DAVID STEVENS	BOARD SECRETARY	1.00	Director	$0	$0	$0
ROBERT AVENA ESQ	BOARD MEMBER	1.00	Director	$0	$0	$0
REV SAMUEL CHESSER	BOARD MEMBER	1.00	Director	$0	$0	$0
BILL MCMUNN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK KANE	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA MORSE	PRESIDENT/CEO	20.00	Officer	$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
2020	$12,597,756	$11,301,882	$26,679,105	$1,295,874
2019	$11,945,329	$10,948,036	$24,822,321	$997,293
2018	$11,686,430	$10,648,781	$24,146,117	$1,037,649