MEADOWOOD CORPORATION

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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

PAUL NORDEMAN

Phone

6105841000

Tax Period

2024-01-01 to 2024-12-31

MEADOWOOD CORPORATION, founded in 1983, is a mid-sized nonprofit in the Human Services sector that reported $50.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

MEADOWOOD IS COMMITTED TO PROVIDE THE HIGHEST QUALITY OF LIFE FOR ALL WHO EXPERIENCE THE MEADOWOOD COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $46,224,736 Revenue: $47,879,853

TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY, WHICH PROVIDES HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO SENIORS THROUGH THE OPERATION OF A 59-BED NURSING FACILITY, A 56-BED PERSONAL CARE FACILITY, 298 RESIDENTIAL APARTMENTS, 42 CARRIAGE HOMES, 52 HYBRID HOMES AND A HOME HEALTH AGENCY. THE CORPORATION'S COMMUNITY IS IN WORCESTER TOWNSHIP, PA. TOTAL RESIDENT DAYS AT THE FACILITY WERE AS FOLLOWS: SKILLED DAYS OF 19,456, ASSISTED LIVING DAYS OF 14,471, MEMORY CARE DAYS OF 7,087 AND INDEPENDENT LIVING DAYS OF 157,386. ALSO, THE HOME HEALTH AGENCY MADE 2,129 VISITS DURING 2024.CONTINUED ON SCHEDULE O.HEALTHCARE SERVICE - PROVIDE RESIDENTS WITH PHYSICIAN CARE, PHYSICAL THERAPY, SPEECH THERAPY, OCCUPATIONAL THERAPY, SKILLED NURSING, PERSONAL CARE, ACTIVITIES, HOME HEALTH, AND OTHER RELATED SERVICES. MAINTENANCE AND OTHER SERVICES - PROVIDE GENERAL MAINTENANCE AND SERVICE REPAIRS TO THE CENTER, INCLUDING DEPRECIATION AND INTEREST EXPENSES. PROVIDE SECURITY, TRANSPORTATION, AND OTHER SERVICES AS NEEDED. DINING SERVICES - PROVIDE DAILY MEALS TO RESIDENTS, PROVIDE FOR SPECIAL DIETARY NEEDS OF RESIDENTS AND SPECIAL FUNCTIONS REQUESTED BY RESIDENTS. PROVIDE COFFEE SHOP FOR RESIDENTS, STAFF AND GUESTS.

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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 $514,741

Program Service Revenue $47,879,853

Investment Income $1,754,042

Other Revenue $20,647

TOTAL REVENUE $50,169,283

Expense Breakdown

Grants Paid $366,618

Salaries & Benefits $21,338,940

Fundraising Expenses $0

Program Expenses $46,224,736

Other Expenses $30,077,237

TOTAL EXPENSES $51,782,795

Year-over-Year Comparison

	2024	2023	Change
Revenue	$50,169,283	$45,498,154	+0.1%
Expenses	$51,782,795	$49,266,171	+0.1%
Net Income	$-1,613,512	$-3,768,017	-0.6%

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

594

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

$782,473

Total Directors

$518,995

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE J MCKENNEY	CHAIR	2.00	Officer Director	$0	$0	$0
EUGENE D DOLLOFF	VICE-CHAIR	2.00	Officer Director	$0	$0	$0
JEREMY C BRENN	TREASURER	2.00	Officer Director	$0	$0	$0
PAUL NORDEMAN	PRESIDENT/CEO	40.00	Officer Director	$470,512	$48,483	$518,995
TODD BEVINGTON	DIRECTOR	2.00	Director	$0	$0	$0
NANCY BICKEL	DIRECTOR	2.00	Director	$0	$0	$0
JOSEPH P CHRIST	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT IRONS	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA H OST	DIRECTOR	2.00	Director	$0	$0	$0
JEFFREY S RIEDER	DIRECTOR	2.00	Director	$0	$0	$0
MARK STRASBURG	DIRECTOR	2.00	Director	$0	$0	$0
ILENE WARNER-MARON	DIRECTOR	2.00	Director	$0	$0	$0
ARLENE MCLEAN	DIRECTOR	2.00	Director	$0	$0	$0
TOM MORGAN	DIRECTOR	2.00	Director	$0	$0	$0
JIM BEAM	SECRETARY	2.00	Officer Director	$0	$0	$0
LARRY DESSEN	DIRECTOR	2.00	Director	$0	$0	$0
VICTOR ROSE	DIRECTOR	2.00	Director	$0	$0	$0
LOIS ROTHENBERGER	DIRECTOR	2.00	Director	$0	$0	$0
STEVEN WISNIEWSKI	VP OF FINANCE/CFO	40.00	Officer	$241,485	$21,993	$263,478
REGINA FARRELL	VP OF HEALTH CENTER	40.00	Highest	$211,980	$14,907	$226,887
MARLON BACK	VP OF MAINTENANCE	40.00	Highest	$186,288	$6,644	$192,932
BARBARA FRITZINGER	VP OF HUMAN RESOURCES	40.00	Highest	$186,922	$21,414	$208,336
JOHN KOTSATSO	MARKETING SALES REP.	40.00	Highest	$165,254	$4,964	$170,218
JOANN GILVARY	MARKETING SALES REP.	40.00	Highest	$140,390	$30,575	$170,965

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	$50,169,283	$51,782,795	$164,874,405	$-1,613,512
2023	$45,498,154	$49,266,171	$161,503,411	$-3,768,017
2022	$42,489,255	$44,897,714	$160,859,066	$-2,408,459
2021	$42,941,264	$40,777,022	$160,208,688	$2,164,242
2020	$35,405,089	$38,601,945	$151,175,181	$-3,196,856
2019	$32,293,171	$35,701,151	$144,896,563	$-3,407,980
2018	$30,971,381	$33,491,239	$126,997,392	$-2,519,858