FRIENDS RETIREMENT CONCEPTS INC (EIN 232377560) - Form 990 Financial Analysis & Trantor Score

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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

1985

Legal Domicile

Principal Officer

FELIX ROSENWASSER

Phone

9086928851

Tax Period

2018-01-01 to 2018-12-31

FRIENDS RETIREMENT CONCEPTS INC, founded in 1985, is a mid-sized nonprofit that reported $77.4M in total revenue in fiscal year 2018. Revenue surged 290% from the prior year, signaling strong growth momentum. The organization ran a surplus of $63.7M, a strong 82% operating margin.

Mission

TO OPERATE A CONTINUING CARE RETIREMENT COMMUNITY.

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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 (2018)

Revenue Breakdown

Contributions & Grants $14,400

Program Service Revenue $9,115,095

Investment Income $67,986,243

Other Revenue $313,910

TOTAL REVENUE $77,429,648

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,722,164

Fundraising Expenses $0

Program Expenses $10,564,501

Other Expenses $9,985,931

TOTAL EXPENSES $13,708,095

Year-over-Year Comparison

	2018	2017	Change
Revenue	$77,429,648	$19,843,457	+2.9%
Expenses	$13,708,095	$22,493,971	-0.4%
Net Income	$63,721,553	$-2,650,514	-25.0%

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

117

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

$298,486

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAULA MCCLURE	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
RANDY MALONE	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHESTER BREWER	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT GREEN	SECRETARY	1.00	Officer Director	$0	$0	$0
HOWARD FREUND	DIRECTOR	1.00	Director	$0	$0	$0
MILDRED POTENZA	DIRECTOR	1.00	Director	$0	$0	$0
LEE VARIAN	DIRECTOR	1.00	Director	$0	$0	$0
CHARLOTTE MCAFEE	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA MENZEL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER COURY	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA ANDREWS	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT KISER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN VINCENT	DIRECTOR	1.00	Officer Director	$0	$0	$0
FELIX ROSENWASSER	PRESIDENT & CEO	40.00	Officer	$173,132	$7,500	$180,632
LISA CODDINGTON	CONTROLLER & ASSISTANT TRE	40.00	Officer	$111,696	$6,158	$117,854
JANINE SCHMELTZ	DIRECTOR OF NURSING	40.00	Highest	$112,668	$6,118	$118,786
MARINA FERRER	ADMINISTRATOR AND ASSISTAN	40.00	Highest	$142,111	$5,910	$148,021

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
2018	$77,429,648	$13,708,095	$1,909,950	$63,721,553

FRIENDS RETIREMENT CONCEPTS INC