EMERALD COMMUNITIES

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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

2006

Legal Domicile

Principal Officer

AL CHAMBARD

Phone

4255568100

Tax Period

2024-01-01 to 2024-12-31

EMERALD COMMUNITIES, founded in 2006, is a community nonprofit in the Human Services sector that reported $6.1M in total revenue in fiscal year 2024. The organization ran a surplus of $1.1M, a strong 17% operating margin.

Mission

EMERALD COMMUNITIES IS A FAITH-BASED, NOT-FOR-PROFIT ORGANIZATION THAT PROVIDES LEADERSHIP AND MANAGEMENT SERVICES FOR ITS AFFILIATE ORGANIZATIONS TO CREATE AND ENHANCE LIFESTYLE OPPORTUNITIES FOR SENIORS. (CONTINUED IN SCHEDULE O)IT IS CATEGORIZED AS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) THAT SUPPORTS EASTSIDE RETIREMENT ASSOCIATION (DBA: EMERALD HEIGHTS) AND HERON'S KEY.

Program Service Accomplishments

Program 1

Expenses: $4,295,067 Revenue: $5,314,371

EMERALD COMMUNITIES IS CLASSIFIED AS A TYPE III FUNCTIONALLY INTEGRATED SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3). IT SERVES TO PROVIDE BENEFIT TO, PERFORM THE FUNCTION OF, AND/OR ASSIST IN CARRYING OUT THE SECTION 501(C)(3) PURPOSES OF EASTSIDE RETIREMENT ASSOCIATION (DBA: EMERALD HEIGHTS) AND HERON'S KEY, WHICH INCLUDES PROVIDING, MAINTAINING AND OPERATING ONE OR MORE LIFE PLAN RETIREMENT COMMUNITIES AND OTHER FACILITIES, FOR THE SAFE AND SECURE HOUSING AND SERVICES TO ITS RESIDENTS. THE LIFE PLAN COMMUNITIES PROVIDE SERVICES AND FACILITIES TO MEET THE HEALTH, SOCIAL, SPIRITUAL AND INTELLECTUAL NEEDS OF ITS RESIDENTS IN INDEPENDENT LIVING, ASSISTED LIVING AND SKILLED NURSING.

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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 $1,043,672

Program Service Revenue $5,314,371

Investment Income $-231,704

Other Revenue $117

TOTAL REVENUE $6,126,456

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,310,286

Fundraising Expenses $0

Program Expenses $4,295,067

Other Expenses $748,768

TOTAL EXPENSES $5,059,054

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,126,456	$6,121,281	+0.0%
Expenses	$5,059,054	$4,729,559	+0.1%
Net Income	$1,067,402	$1,391,722	-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

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

$1,579,044

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DWIGHT WHITING	CHAIR	2.00	Officer Director	$0	$0	$0
DAPHNE SCHNEIDER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DANNA VANHORN	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID HUDSON	TREASURER	1.00	Officer Director	$0	$0	$0
KAREN COHOE	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT CRIST	DIRECTOR	1.00	Director	$0	$0	$0
JILL GUERNSEY	DIRECTOR	1.00	Director	$0	$0	$0
JEFF JONES	DIRECTOR	1.00	Director	$0	$0	$0
GARY KING	DIRECTOR	1.00	Director	$0	$0	$0
STEPHANIE MARSHALL	DIRECTOR	1.00	Director	$0	$0	$0
DEWAYNE MCMULLIN	DIRECTOR	1.00	Director	$0	$0	$0
JUDY RICHARDSON	DIRECTOR	1.00	Director	$0	$0	$0
LISA HARDY	PRESIDENT & CEO (THROUGH DEC 2024)	20.00	Officer	$643,917	$51,536	$695,453
DIANA JAMISON	CFO (THROUGH JANUARY 2024)	10.00	Officer	$105,944	$1,620	$107,564
KAY WALLIN VP OF MARKETING	PUBLIC RELATIONS (THROUGH JUNE 2024)	5.00	Officer	$273,962	$22,107	$296,069
DENISA FEDDERSEN	CFO (AS OF JANUARY 2024)	10.00	Officer	$291,243	$12,893	$304,136
SANDRA COOK VP OF MARKETING	& PUBLIC RELATIONS (AS OF JULY 2024)	5.00	Officer	$96,305	$364	$96,669
AL CHAMBARD	INTERIM CEO (AS OF NOVEMBER 2024)	20.00	Officer	$79,153	$0	$79,153
JO HOLLIS	VP OF HR & RISK MANAGEMENT	5.00	Highest	$246,175	$36,077	$282,252
MICHELLE WOOD	VP OF OPERATIONS	5.00	Highest	$278,429	$29,065	$307,494
GRANT LINACRE	EMERALD HEIGHTS EXECUTIVE DIRECTOR	5.00	Highest	$239,572	$30,353	$269,925
MATTHEW LECOURS	DIRECTOR OF FOOD & BEVERAGE	5.00	Highest	$154,452	$30,039	$184,491
CHRIS LUCERO HERON'S KEY	EXECUTIVE DIRECTOR (AS OF JAN 2024)	5.00	Highest	$190,090	$10,335	$200,425

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	$6,126,456	$5,059,054	$25,474,746	$1,067,402
2023	$6,121,281	$4,729,559	$23,858,402	$1,391,722
2022	$4,223,244	$4,563,227	$24,362,216	$-339,983
2021	$14,547,354	$4,409,472	$24,867,730	$10,137,882
2020	$3,780,517	$3,875,228	$14,202,444	$-94,711
2019	$3,560,433	$3,574,652	$13,180,353	$-14,219
2018	$2,949,479	$3,061,181	$12,292,086	$-111,702