ACTS Retirement-Life Communities I… - Form 990 Financial Data

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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

1971

Legal Domicile

Phone

2156618330

Tax Period

2023-01-01 to 2023-12-31

ACTS Retirement-Life Communities Inc, founded in 1971, is a major nonprofit in the Human Services sector that reported $577.2M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

ACTS 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, HONESTLY, AND RESPECT WITHOUT PREJUDICE OR PREFERENCE.

Program Service Accomplishments

Program 1

Expenses: $481,906,386 Revenue: $536,712,958

ACTS PROVIDES COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDES 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 CHANGE, ACTS OFFERS HOME HEALTH, ASSISTED LIVING, SKILLED NURSING CARE AND HOSPICE SERVICES. ALL PHYSICAL ACCOMODATIONS AND SERVICES ARE PROVIDED IN ITS CONTINUING CARE RETIREMENT COMMUNITIES UNDER THE TERMS OF A FORMAL LIFECARE AGREEMENT WHICH ALSO ASSURES THAT ASSISTED LIVING AND SKILLED NURSING CARE WILL BE PROVIDED TO RESIDENTS WHEN THEY NEED IT, WITHOUT A CHANGE IN THEIR MONTHLY FEE, THEREBY OFFERING FURTHER SECURITY AND PEACE OF MIND. IN 2023, ACTS SERVED, ON AVERAGE, 7,082 RESIDENTS IN INDEPENDENT LIVING, 742 RESIDENTS IN ASSISTED LIVING, AND 1,052 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 (2023)

Revenue Breakdown

Contributions & Grants $8,667,401

Program Service Revenue $536,712,958

Investment Income $14,189,723

Other Revenue $17,677,244

TOTAL REVENUE $577,247,326

Expense Breakdown

Grants Paid $130,660

Salaries & Benefits $252,751,347

Fundraising Expenses $22,103

Program Expenses $481,906,386

Other Expenses $312,262,473

TOTAL EXPENSES $565,144,480

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,247,326	$486,125,080	+0.2%
Expenses	$565,144,480	$494,494,051	+0.1%
Net Income	$12,102,846	$-8,368,971	-2.4%

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

8010

Volunteers

1961

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

$11,892,367

Total Directors

$1,688,638

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
N/A	SECRETARY & DIRECTOR	1.7	Officer Director	$0	$0	$0
N/A	CEO	30.0	Officer Director	$0	$886,658	$1,688,638
N/A	CHAIRMAN & DIRECTOR	2.3	Officer Director	$0	$0	$0
N/A	TREASURER & DIRECTOR	2.8	Officer Director	$0	$0	$0
N/A	VICE CHAIRMAN & DIRECTOR	2.0	Officer Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	0.5	Director	$0	$0	$0
N/A	DIRECTOR	0.8	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	DIRECTOR	4.0	Director	$0	$0	$0
N/A	DIRECTOR	1.5	Director	$0	$0	$0
N/A	DIRECTOR	2.2	Director	$0	$0	$0
N/A	DIRECTOR	1.0	Director	$0	$0	$0
N/A	VP, PROCUREMENT & CONTRACT MGMT	30.0	Officer	$0	$7,144	$186,929
N/A	VP, IT OPERATIONS	30.0	Officer	$0	$20,407	$245,629
N/A	VP, OPERATION ANALYSIS & COMP	30.0	Officer	$0	$7,698	$213,457
N/A	SVP, CHIEF HUMAN RESOURCES	30.0	Officer	$0	$20,268	$331,074
N/A	SVP, PROCUREMENT & CONTRACT MGMT (TO JULY 2023)	33.0	Officer	$0	$16,048	$287,017
N/A	VP OF OPERATIONS, SOUTHEAST	30.0	Officer	$0	$30,221	$318,713
N/A	EXEC VP, LEGAL, ASST. SECRETARY	27.0	Officer	$0	$514,121	$994,824
N/A	SVP, CHIEF CLINICAL OFFICER	20.0	Officer	$0	$27,170	$400,564
N/A	EVP, CHIEF STRATEGY OFFICER	30.0	Officer	$0	$31,823	$393,630
N/A	EXEC VP, CAO	30.0	Officer	$0	$330,912	$747,668
N/A	SVP, COMMUNITY OPERATIONS	30.0	Officer	$0	$31,755	$375,941
N/A	EXEC VP, COO	30.0	Officer	$0	$36,372	$454,862
N/A	PRESIDENT & ASSISTANT TREASURER	30.0	Officer	$0	$251,459	$841,253
N/A	SVP REAL ESTATE AND DEVEL. SVCS. (TO MAR 2023)	25.0	Officer	$0	$4,964	$352,883
N/A	SVP, CHIEF MARKETING OFFICER	25.0	Officer	$0	$21,194	$386,245
N/A	VP SALES	30.0	Officer	$0	$19,601	$320,235
N/A	VP, HOSPITALITY & RESTAUR. SVC.	30.0	Officer	$0	$12,721	$313,480
N/A	VP & CHIEF MEDICAL DIRECTOR	30.0	Officer	$0	$31,784	$403,127
N/A	VP, FINANCIAL SERVICES	31.0	Officer	$0	$20,738	$255,812
N/A	SVP, CIO	30.0	Officer	$0	$28,125	$358,462
N/A	SVP, REAL ESTATE & DEV SVCS (TO AUG 2023)	30.0	Officer	$0	$6,294	$154,094
N/A	VP, REAL ESTATE SERVICES	30.0	Officer	$0	$18,324	$283,693
N/A	VP OF OPERATIONS, NORTHEAST	30.0	Officer	$0	$19,622	$320,077
N/A	VP OF OPERATIONS, MID-SOUTH	30.0	Officer	$0	$27,124	$321,902
N/A	SVP, CFO	30.0	Officer	$0	$31,720	$361,879
N/A	VP, RESIDENT HEALTH SERVICES	30.0	Officer	$0	$16,943	$248,664
N/A	VP OF OPERATIONS, MID-ATLANTIC	30.0	Officer	$0	$27,294	$331,615
N/A	REGISTERED NURSE	40.0	Highest	$214,714	$15,978	$230,692
N/A	LICENSED PRACTICAL NURSE	40.0	Highest	$205,012	$26,432	$231,444
N/A	EXECUTIVE DIRECTOR	40.0	Highest	$0	$14,990	$239,821
N/A	REGISTERED NURSE	40.0	Highest	$292,776	$5,916	$298,692
N/A	EXECUTIVE DIRECTOR	40.0	Highest	$0	$33,093	$236,944

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	No data	No data	No data	No data
2023	$577,247,326	$565,144,480	$2,080,445,740	$12,102,846
2022	$486,125,080	$494,494,051	$1,949,918,556	$-8,368,971
2021	$465,695,033	$462,463,563	$1,794,608,174	$3,231,470
2020	$470,035,236	$460,132,363	$1,756,818,776	$9,902,873
2019	$446,249,117	$435,505,208	$1,660,938,549	$10,743,909
2018	$422,023,359	$408,904,163	$1,600,237,755	$13,119,196

ACTS Retirement-Life Communities Inc