ELM TERRACE GARDENS

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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

1979

Legal Domicile

Principal Officer

TIMOTHY MURPHY

Phone

2153615600

Tax Period

2024-07-01 to 2025-06-30

ELM TERRACE GARDENS, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $23.7M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

ELM TERRACE GARDENS, A NON-PROFIT CORPORATION, SERVES OLDER ADULTS BY PROVIDING INDEPENDENT LIVING, PERSONAL CARE, AND SKILLED NURSING SERVICES IN A SAFE, CARING, ATTRACTIVE, STIMULATING, AND SPIRITUALLY NOURISHING ENVIRONMENT. ACCORDINGLY, WE SEEK THE HIGHEST LEVELS OF RESIDENT WELL BEING WITHIN THE CONTEXT OF STATE-OF-THE-ART LONG TERM CARE.

Program Service Accomplishments

Program 1

Expenses: $20,075,335 Revenue: $22,997,479

ELM TERRACE GARDENS OPERATES A CONTINUING CARE RETIREMENT COMMUNITY PROVIDING QUALITY HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO ELDERLY RESIDENTS THROUGH THE OPERATION OF A 72-BED NURSING FACILITY, A 64-BED PERSONAL CARE FACILITY, A 24 BED MEMORY SUPPORT FACILITY, AND 146 INDEPENDENT LIVING APARTMENTS. THE COMPANY'S OPERATIONS ARE LOCATED IN LANSDALE, PENNSYLVANIA. ITS PRIMARY SERVICE AREA INCLUDES LANSDALE, PENNSYLVANIA AND SURROUNDING COMMUNITIES IN MONTGOMERY COUNTY, PENNSYLVANIA. THE ORGANIZATION SERVED 476 RESIDENTS DURING THE FISCAL YEAR.THE COMPANY PROVIDES INDEPENDENT LIVING, PERSONAL CARE AND MEMORY CARE SERVICES TO RESIDENTS WHO MEET CERTAIN CRITERIA AT AMOUNTS LESS THAN ITS COST OF PROVIDING CARE. THE COMPANY MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF BENEVOLENT CARE IT PROVIDES. THE COSTS ASSOCIATED WITH THE BENEVOLENT CARE SERVICES PROVIDED INCLUDE BOTH DIRECT COSTS AND ESTIMATED INDIRECT COSTS, AS CALCULATED BY MANAGEMENT.

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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 $1,630

Program Service Revenue $22,997,479

Investment Income $343,972

Other Revenue $390,149

TOTAL REVENUE $23,733,230

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,060,290

Fundraising Expenses $0

Program Expenses $20,075,335

Other Expenses $12,351,930

TOTAL EXPENSES $23,412,220

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,733,230	$21,628,417	+0.1%
Expenses	$23,412,220	$22,481,232	+0.0%
Net Income	$321,010	$-852,815	-1.4%

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

278

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

$579,596

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KATHRYN TATUM	DIRECTOR	2.00	Director	$0	$0	$0
KAREN RICE	DIRECTOR	2.00	Director	$0	$0	$0
DIANE MESSNER	DIRECTOR	2.00	Director	$0	$0	$0
REV ERIC KRAIHANZEL	DIRECTOR	2.00	Director	$0	$0	$0
KERRY KASTLE	DIRECTOR	2.00	Director	$0	$0	$0
MARY FULLER	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG COVINGTON	DIRECTOR	2.00	Director	$0	$0	$0
CRAIG CAMPBELL	DIRECTOR	2.00	Director	$0	$0	$0
NANCY BUTTERWORTH	DIRECTOR	2.00	Director	$0	$0	$0
JAMES BURNS	DIRECTOR	2.00	Director	$0	$0	$0
JOHN PAROLA	TREASURER	2.00	Officer Director	$0	$0	$0
DON HELPA	SECRETARY	2.00	Officer Director	$0	$0	$0
NATALIE GLANTZ	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
HAROLD MATHUES	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
ROBERT PARVIN	COO/NHA	40.00	Officer	$235,111	$27,921	$263,032
TIMOTHY MURPHY	PRESIDENT/CEO	40.00	Officer	$292,108	$24,456	$316,564
CHRISTINE BARRETT	RN UNIT MANAGER	40.00	Highest	$152,538	$13,574	$166,112
MATTHEW PHILLIPS	DIRECTOR OF NURSING	40.00	Highest	$130,681	$23,213	$153,894
STACY GRAMLICH	RN UNIT MANAGER	40.00	Highest	$155,223	$14,278	$169,501
CAROL MANES	REGISTERED NURSE SUPERVISOR	40.00	Highest	$163,904	$10,536	$174,440
ERIN TROUT	MARKETING DIRECTOR	40.00	Highest	$212,269	$30,840	$243,109

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
2025	$23,733,230	$23,412,220	$39,694,953	$321,010
2024	No data	No data	No data	No data
2023	$23,354,286	$21,872,205	$42,664,904	$1,482,081
2022	$23,104,029	$23,342,901	$44,942,521	$-238,872
2021	$22,319,279	$21,811,795	$46,086,222	$507,484
2020	$21,985,784	$21,511,481	$47,651,966	$474,303
2019	$20,768,630	$19,890,778	$47,589,719	$877,852