THE HICKMAN FRIENDS SENIOR COMMUNITY OF WEST CHESTER

EIN: 231352144 501(c)(3)

WEST CHESTER, PA

Total Revenue
$8,483,938
Total Expenses
$7,827,580
Total Assets
$28,732,600
Net Assets
$9,315,595
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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
1892
Legal Domicile
PA
Principal Officer
BETSY STRATTON
Phone
4847606300
Tax Period
2024-01-01 to 2024-12-31

THE HICKMAN FRIENDS SENIOR COMMUNITY OF WEST CHESTER, founded in 1892, is a community nonprofit that reported $8.5M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year. Expenses of $7.8M left a modest 8% surplus.

Mission

THE HICKMAN IS A SENIOR LIVING COMMUNITY LOCATED IN THE HEART OF WEST CHESTER, PENNSYLVANIA. GUIDED BY QUAKER PRINCIPLES AND TRADITION, THE HICKMAN PROVIDES INDIVIDUALIZED CARE AND ASSISTANCE TO OLDER ADULTS WHO SEEK A SAFE AND AFFORDABLE LIVING ENVIRONMENT.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,231,152
Program Service Revenue $6,665,074
Investment Income $587,712
Other Revenue $0
TOTAL REVENUE $8,483,938

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,289,169
Fundraising Expenses $230,374
Program Expenses $6,397,286
Other Expenses $3,538,411
TOTAL EXPENSES $7,827,580

Year-over-Year Comparison

2024 2023 Change
Revenue $8,483,938 $9,769,066 -0.1%
Expenses $7,827,580 $7,708,630 +0.0%
Net Income $656,358 $2,060,436 -0.7%
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

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Governance

Voting Members
11
Independent Members
11
Employees
159
Volunteers
55

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
5
$160,981
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARTHA BOSTON PHD TRUSTEE 5.00
Director
$0 $0 $0
EVELYN BROWNLEE TRUSTEE 5.00
Director
$0 $0 $0
RICHENDA DAVISON TRUSTEE 5.00
Director
$0 $0 $0
BASEL FRENS TRUSTEE 5.00
Director
$0 $0 $0
DIANA HODGSON TRUSTEE 5.00
Director
$0 $0 $0
GWYNNE ORMSBY TRUSTEE 5.00
Director
$0 $0 $0
HENRY E SCHELLENGER TRUSTEE 5.00
Director
$0 $0 $0
BETSY STRATTON CHAIR 5.00
Officer Director
$0 $0 $0
STEPHEN OLSEN ESQ VICE-CHAIR 5.00
Officer Director
$0 $0 $0
NANCY PINE ESQ SECRETARY 5.00
Officer Director
$0 $0 $0
MATTHEW KRASNEY TREASURER 5.00
Officer Director
$0 $0 $0
ANTONETTA M KELLY EXECUTIVE DI 40.00
Officer
$152,039 $8,942 $160,981
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 $8,483,938 $7,827,580 $28,732,600 $656,358
2023 $9,769,066 $7,708,630 $28,148,684 $2,060,436
2022 $8,107,334 $7,458,455 $25,825,184 $648,879
2021 $6,719,568 $7,476,077 $25,916,851 $-756,509
2020 $7,590,168 $7,611,308 $26,355,015 $-21,140
2019 $6,388,989 $7,505,541 $26,211,244 $-1,116,552
2018 $4,545,425 $6,041,248 $26,612,327 $-1,495,823
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