PRESBYTERIAN RESIDENTIAL COMMUNITY

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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

JEREMY RUTTER

Phone

3157977500

Tax Period

2024-01-01 to 2024-12-31

PRESBYTERIAN RESIDENTIAL COMMUNITY, founded in 1993, is a community nonprofit in the Human Services sector that reported $5.0M in total revenue in fiscal year 2024. Expenses of $5.8M exceeded revenue, resulting in a 15% operating deficit.

Mission

HEALTH SERVICES ARE PROVIDED TO THE ELDERLY WHILE PROMOTING WELLNESS AND INDEPENDENCE IN A DIGNIFIED MANNER.

Program Service Accomplishments

Program 1

Expenses: $5,140,459 Revenue: $4,043,503

ADULT CARE FACILITIES AND SERVICES FOR THE ACCOMMODATION OF ADULTS WITH PHYSICAL OR OTHER LIMITATIONS WHO ARE NOT ACUTELY ILL AND NOT IN NEED OF HOSPITAL CARE WHERE NO ADEQUATE HOUSING EXISTS FOR...

ADULT CARE FACILITIES AND SERVICES FOR THE ACCOMMODATION OF ADULTS WITH PHYSICAL OR OTHER LIMITATIONS WHO ARE NOT ACUTELY ILL AND NOT IN NEED OF HOSPITAL CARE WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH PEOPLE. FOR THE YEAR, PROGRAM ACCOMPLISHMENTS ARE AS FOLLOWS: 1. 77 INDIVIDUALS RECEIVED HOME CARE SERVICES; 2. PROVIDED 18 BEDS FOR ADULT CARE SERVICES; AND 3. PROVIDED 78 BEDS FOR ASSISTED LIVING SERVICES.4. 275 INDIVIDUALS RECEIVED HEALTH HOME CASE MANAGEMENT SERVICES;

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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 $980,565

Program Service Revenue $4,043,503

Investment Income $6,564

Other Revenue $0

TOTAL REVENUE $5,030,632

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,310,017

Fundraising Expenses $0

Program Expenses $5,140,459

Other Expenses $2,477,931

TOTAL EXPENSES $5,787,948

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,030,632	$4,868,845	+0.0%
Expenses	$5,787,948	$5,532,353	+0.0%
Net Income	$-757,316	$-663,508	+0.1%

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

130

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

$419,092

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GEORGE BURKE	DIRECTOR	0.30	Director	$0	$0	$0
MARIE ABRAHAM	DIRECTOR	0.30	Director	$0	$0	$0
RUSSELL CLARK	TREASURER	0.30	Officer Director	$0	$0	$0
JULIANNE BREEN	SECRETARY	0.30	Officer Director	$0	$0	$0
JEFFREY KANE	DIRECTOR	0.30	Director	$0	$0	$0
ROBERT OHMANN	DIRECTOR	0.30	Director	$0	$0	$0
DEBORAH WELKER-MILLS	DIRECTOR	0.30	Director	$0	$0	$0
PATRICIA PITCHER	DIRECTOR	0.30	Director	$0	$0	$0
LINDA VOCE	VICE-CHAIRPERSON	0.30	Officer Director	$0	$0	$0
JAY WILLIAMS	CHAIRPERSON	0.30	Officer Director	$0	$0	$0
ROGER WILLIAMS	DIRECTOR	0.30	Director	$0	$0	$0
ANNE CONNOR	CFO	5.00	Officer	$0	$19,222	$150,356
JEREMY RUTTER	PRESIDENT/CEO	5.00	Officer	$0	$20,042	$268,736
LISA TRUAX	VP OF HOME & COMMUNITY BAS	40.00	Highest	$121,044	$8,472	$129,516

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	$5,030,632	$5,787,948	$3,723,579	$-757,316
2023	$4,868,845	$5,532,353	$3,273,257	$-663,508
2022	$4,539,029	$5,195,091	$3,401,330	$-656,062
2021	$4,987,901	$4,876,547	$3,840,424	$111,354
2020	$4,069,448	$4,365,610	$3,229,728	$-296,162
2019	$4,438,565	$4,645,658	$3,630,511	$-207,093
2018	$4,603,835	$4,781,003	$3,660,882	$-177,168