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
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

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 TRADITIONS THAT VALUE ALL LIFE AND WELCOME DIVERSITY, THE HICKMAN OFFERS INDIVIDUALIZED CARE ALLOWING OLDER ADULTS THE OPPORTUNITY TO ENJOY A PRODUCTIVE LIFE AND TO EXPLORE THE RICHNESS OF ALL OF LIFE'S POSSIBILITIES.

Program Service Accomplishments

Program 1
Expenses: $6,397,286 Revenue: $6,665,074

TO PROVIDE A SUPPORTIVE ENVIRONMENT FOR OLDER ADULTS WHO EITHER CHOOSE OR NEED TO LIVE IN A COMMUNITY. BASIC CARE FOR EACH RESIDENT INCLUDES THREE MEALS PER DAY, HOUSEKEEPING SERVICES AND SCHEDULED...

Read more

TO PROVIDE A SUPPORTIVE ENVIRONMENT FOR OLDER ADULTS WHO EITHER CHOOSE OR NEED TO LIVE IN A COMMUNITY. BASIC CARE FOR EACH RESIDENT INCLUDES THREE MEALS PER DAY, HOUSEKEEPING SERVICES AND SCHEDULED ACTIVITIES. AMONG THESE ARE DAILY EXERCISE CLASSES, WELLNESS PRESENTATIONS, LIVE MUSIC ENTERTAINMENT, SHOPPING TRIPS AND PLEASURE EXCURSIONS, MEMORY ENHANCING GAMES AND ART CLASSES. THE AFFORDABLE MONTHLY RATES SUPPORT OUR MISSION OF INCLUSION OF LOW-INCOME HOUSING. ADDITIONAL PERSONAL CARE SERVICES SUCH AS ASSISTANCE WITH MEDICATION MANAGEMENT AND ACTIVITIES OF DAILY LIVING,SCHEDULING MEDICAL APPOINTMENTS AND TRANSPORTATION ASSISTANCE ARE PROVIDED AT FIVE LEVELS WITH INCREMENTAL FEE ADJUSTMENTS AS RESIDENTS AGE IN PLACE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

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
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

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
Explore More Nonprofits
Top 100 Nonprofits in Pennsylvania Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare THE HICKMAN FRIENDS SENIOR COMMUNITY OF WEST CHESTER with other nonprofits in Pennsylvania and across the country.