THE EVERGREENS

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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

1919

Legal Domicile

Principal Officer

GERALD T GRANT

Phone

2156618330

Tax Period

2022-01-01 to 2022-12-31

THE EVERGREENS, founded in 1919, is a mid-sized nonprofit that reported $21.2M in total revenue in fiscal year 2022. Expenses of $20.4M left a modest 4% surplus.

Mission

AS AN ACTS RETIREMENT-LIFE COMMUNITY, THE EVERGREENS IS COMMITTED TO PROVIDING SECURITY AND PEACE OF MIND TO SENIORS BY BEING THE PRE-EMINENT PROVIDER OF RETIREMENT-LIFE SERVICES, RESPONSIVE TO INDIVIDUAL, SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CHRISTIAN ATMOSPHERE GRACED WITH LOVING KINDNESS, DIGNITY, SENSITIVITY, HONESTY, AND RESPECT WITHOUT PREJUDICE OR PREFERENCE.

Program Service Accomplishments

Program 1

Expenses: $17,498,935 Revenue: $20,239,787

THE EVERGREENS PROVIDED COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDED INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL SERVICES, SECURITY...

THE EVERGREENS PROVIDED COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDED INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL SERVICES, SECURITY, HOUSEKEEPING, MAINTENANCE SERVICES AND SOCIAL, CULTURAL, EDUCATIONAL, SPIRITUAL AND RECREATIONAL ACTIVITIES. IN ADDITION, WHEN A RESIDENT'S HEALTH CARE NEEDS CHANGED, HOME HEALTH, ASSISTED LIVING, SKILLED NURSING CARE AND HOSPICE SERVICES WERE AVAILABLE. ALL PHYSICAL ACCOMMODATIONS AND SERVICES WERE PROVIDED UNDER THE TERMS OF A FORMAL LIFECARE AGREEMENT WHICH ALSO ASSURED THAT ASSISTED LIVING AND SKILLED NURSING CARE WERE PROVIDED TO RESIDENTS WHEN THEY NEEDED IT, WITHOUT A CHANGE IN THEIR MONTLY FEE, THEREBY OFFERING FURTHER SECURITY AND PEACE OF MIND. IN 2022, THE EVERGREENS SERVED, ON AVERAGE, 174 RESIDENTS IN INDEPENDENT LIVING, 35 RESIDENTS IN ASSISTED LIVING AND 23 RESIDENTS IN SKILLED CARE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $172,377

Program Service Revenue $20,239,787

Investment Income $697,318

Other Revenue $82,955

TOTAL REVENUE $21,192,437

Expense Breakdown

Grants Paid $1,500

Salaries & Benefits $8,440,251

Fundraising Expenses $0

Program Expenses $17,498,935

Other Expenses $11,997,669

TOTAL EXPENSES $20,439,420

Year-over-Year Comparison

	2022	2021	Change
Revenue	$21,192,437	$21,284,774	0.0%
Expenses	$20,439,420	$19,830,524	+0.0%
Net Income	$753,017	$1,454,250	-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

569

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

$3,976,657

Total Directors

$2,166,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD T GRANT	CEO & VICE CHAIRMAN	1.00	Officer Director	$0	$541,934	$1,360,520
KAREN I CHRISTENSEN	PRESIDENT & CHAIRMAN	1.00	Officer Director	$0	$212,745	$805,791
DILIP A KULATHUM	DIRECTOR (TO 12/4/22)	0.50	Director	$0	$0	$0
ELIZABETH G LITTEN ESQ	DIRECTOR (TO FEBRUARY 2022)	2.00	Director	$0	$0	$0
CONSTANCE MADARA	DIRECTOR (TO APRIL 2022)	2.00	Director	$0	$0	$0
HEINZ HEGMANN	DIRECTOR	1.00	Director	$0	$0	$0
H BRUCE DETWEILER	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL W LAWSON II	DIRECTOR	0.50	Director	$0	$0	$0
GLENN D FOX	SECRETARY	2.00	Officer	$0	$360,930	$824,418
JONATHAN D GRANT	ASSISTANT SECRETARY	1.00	Officer	$0	$25,527	$406,827
SUSAN AHERN	TREASURER	1.00	Officer	$0	$30,336	$344,108
PEGGY C VALDIVIA	ASSISTANT TREASURER	0.50	Officer	$0	$26,391	$234,993
THOMAS BURKE	EXECUTIVE DIRECTOR	40.00	Highest	$0	$8,115	$207,876
REBECCA CASTELLANOS	NURSE PRACTITIONER	40.00	Highest	$125,218	$12,165	$137,383
BRIAN KLOCKE	ADMINISTRATOR	40.00	Highest	$0	$5,456	$113,709
KENDRA KENNEY	DIRECTOR OF NURSING	40.00	Highest	$102,274	$4,165	$106,439
GALE DIXON	DIRECTOR OF NURSING	40.00	Highest	$117,657	$7,068	$124,725

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
2022	$21,192,437	$20,439,420	No data	$753,017
2021	$21,284,774	$19,830,524	$100,353,926	$1,454,250
2020	$20,294,381	$19,848,266	$98,765,779	$446,115
2019	$21,025,507	$20,130,697	$98,303,325	$894,810
2018	$20,393,764	$20,889,752	$89,251,338	$-495,988