FRIENDS HOUSE RETIREMENT COMMUNITY

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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

1968

Legal Domicile

Principal Officer

PHILIP BURKHOLDER

Phone

3019245100

Tax Period

2024-07-01 to 2025-06-30

FRIENDS HOUSE RETIREMENT COMMUNITY, founded in 1968, is a mid-sized nonprofit in the Health Care sector that reported $18.7M in total revenue in fiscal year 2024. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

PROVIDE PERSONAL, SUB-ACUTE CARE FOR INDIVIDUALS WHO ARE IN NEED OF MEDICAL, REHABILITATIVE, OR TERMINAL CARE IN A LONG-TERM SETTING.

Program Service Accomplishments

Program 1

Expenses: $16,009,114 Revenue: $16,531,094

THE COMPANY PROVIDES LONG-TERM HEALTHCARE SERVICES AND CURRENTLY IS LICENSED AND EQUIPPED FOR 82 COMPREHENSIVE CARE BEDS AND 24 ASSISTED-LIVING BEDS. UNDER A STANDARD SERVICE AGREEMENT, THE COMPANY PROVIDES EACH RESIDENT WITH BOARD, LODGING, MAINTENANCE, AND CERTAIN NURSING AND MEDICAL CARE. THE ORGANIZATION ALSO HAS 75 APARTMENTS AND 36 COTTAGES AND OFFERS OLDER ADULTS AN AFFORDABLE AND FULFILLING RETIREMENT EXPERIENCE IN A SECURE AND CARING SETTING. OPERATING WITH A VALUE CONSISTING WITH THE RELIGIOUS SOCIETY OF FRIENDS, WE WELCOME SENIOR ADULTS REGARDLESS OF RACE, COLOR, DISABILITY, GENDER IDENTITY, AGE, SEXUAL ORIENTATION, RELIGIOUS AFFILIATION, NATIONAL ORIGIN OR FAMILIAL STATUS. (SEE SCHEDULE O FOR CONTINUATION)WE ARE GUIDED BY THESE QUAKER VALUES: SIMPLICITY, PEACE AND NONVIOLENCE, INTEGRITY, COMMUNITY, EQUALITY, STEWARDSHIP AND SUSTAINABILITY.

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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 $544,892

Program Service Revenue $16,531,094

Investment Income $1,112,875

Other Revenue $527,601

TOTAL REVENUE $18,716,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,624,532

Fundraising Expenses $310,782

Program Expenses $16,009,114

Other Expenses $9,203,991

TOTAL EXPENSES $18,828,523

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,716,462	$16,291,657	+0.1%
Expenses	$18,828,523	$17,556,259	+0.1%
Net Income	$-112,061	$-1,264,602	-0.9%

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

207

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

$636,219

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHILIP BURKHOLDER	CEO	40.00	Officer	$242,333	$38,329	$280,662
KADINE MITCHELL	COO	40.00	Officer	$162,943	$20,211	$183,154
GREGORY JACKSON	CFO	40.00	Officer	$147,843	$24,560	$172,403
MEMUNA KAMARA	DIRECTOR OF NURSING	40.00	Highest	$141,569	$21,385	$162,954
WEDE WESLEY-MOSES	CHARGE REGISTERED NURSE	40.00	Highest	$113,382	$23,249	$136,631
PETER EKOKO	EVENING SHIFT SUPERVISOR	40.00	Highest	$112,624	$13,207	$125,831
DORA TRAPANI	CHARGE NURSE LPN	40.00	Highest	$104,639	$883	$105,522
ELIZABETH NICELY	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$101,471	$19,408	$120,879
LAURITA PORTEE	CLERK	1.00	Officer Director	$0	$0	$0
TOM GIBIAN	ASSISTANT CLERK	1.00	Officer Director	$0	$0	$0
JADE EATON	ALT RECORDING CLERK	1.00	Officer Director	$0	$0	$0
JUDITH FARQUHAR	RECORDING CLERK	1.00	Officer Director	$0	$0	$0
JOHN HINES	TREASURER	1.00	Officer Director	$0	$0	$0
JILL CLEMENTS	DIRECTOR	1.00	Director	$0	$0	$0
CHARLES GREENE	DIRECTOR	1.00	Director	$0	$0	$0
SONIA HARRIS	DIRECTOR	1.00	Director	$0	$0	$0
DAVID JONES	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE LUCAS	DIRECTOR	1.00	Director	$0	$0	$0
CHUCK MCCULLOUGH	DIRECTOR	1.00	Director	$0	$0	$0
HUNTER MCKAY	DIRECTOR	1.00	Director	$0	$0	$0
WILLIAM SCHAUFFLER	DIRECTOR	1.00	Director	$0	$0	$0
ELIZABETH WILSON	DIRECTOR	1.00	Director	$0	$0	$0

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	$18,716,462	$18,828,523	$51,532,644	$-112,061
2024	$16,291,657	$17,556,259	$51,797,062	$-1,264,602
2023	$14,306,184	$15,973,465	$50,235,351	$-1,667,281
2022	$15,489,374	$15,042,056	$48,665,221	$447,318
2021	$12,782,756	$13,623,958	$50,375,477	$-841,202
2020	$11,609,908	$12,653,777	$51,038,637	$-1,043,869
2019	$11,672,758	$12,640,612	$40,343,156	$-967,854
2018	$11,337,645	$11,366,497	$22,333,984	$-28,852