MONTECITO RETIREMENT ASSOCIATION (EIN 237425754) - 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

1970

Legal Domicile

Principal Officer

BRIAN MCCAGUE

Phone

8059698011

Tax Period

2023-01-01 to 2023-12-31

MONTECITO RETIREMENT ASSOCIATION, founded in 1970, is a mid-sized nonprofit in the Human Services sector that reported $40.9M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $37.5M left a modest 8% surplus.

Mission

THE MONTECITO RETIREMENT ASSOCIATION OPERATES CASA DORINDA, A CCRC LIFECARE RETIREMENT COMMUNITY IN MONTECITO, CALIFORNIA.

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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 $1,357,371

Program Service Revenue $37,670,264

Investment Income $1,841,103

Other Revenue $9,925

TOTAL REVENUE $40,878,663

Expense Breakdown

Grants Paid $109,885

Salaries & Benefits $19,437,706

Fundraising Expenses $218,319

Program Expenses $33,033,576

Other Expenses $17,989,949

TOTAL EXPENSES $37,537,540

Year-over-Year Comparison

	2023	2022	Change
Revenue	$40,878,663	$36,999,925	+0.1%
Expenses	$37,537,540	$35,714,026	+0.1%
Net Income	$3,341,123	$1,285,899	+1.6%

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

360

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

$739,353

Total Directors

$522,213

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LARRY DAM	CHAIRMAN	2.00	Officer Director	$0	$0	$0
DR RAMONA CLARK	DIRECTOR	2.00	Director	$0	$0	$0
KATINA ZANINOVICH	DIRECTOR	2.00	Director	$0	$0	$0
STEPHEN HICKS	DIRECTOR	2.00	Director	$0	$0	$0
VICTORIA HAZARD	SECRETARY	2.00	Officer Director	$0	$0	$0
NANCY SPIVEY	DIRECTOR	2.00	Director	$0	$0	$0
CHRISTOPHER J TOOMEY	DIRECTOR	2.00	Director	$0	$0	$0
KATHRYN WASHBURN	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN MCCAGUE	CEO	40.00	Officer Director	$474,261	$47,952	$522,213
DAVID BROWN	DIRECTOR	2.00	Director	$0	$0	$0
MATT BROWN	DIRECTOR	2.00	Director	$0	$0	$0
DR JEFFREY KUPPERMAN MD	DIRECTOR	2.00	Director	$0	$0	$0
WILLIAM CURTIS	DIRECTOR	2.00	Director	$0	$0	$0
BARKLEY KERN	DIRECTOR	2.00	Director	$0	$0	$0
DIANA LOVAN	DIRECTOR	2.00	Director	$0	$0	$0
GLYNN CABERTE	CFO	40.00	Officer	$195,942	$21,198	$217,140
THERESE BROWN	SENIOR DIRECTOR MEDICAL OP	40.00	Highest	$190,227	$28,926	$219,153
ALAN BLAVER	SENIOR DIRECTOR GENERAL OP	40.00	Highest	$176,630	$27,566	$204,196
NICOLE RAMIREZ	SENIOR DIRECTOR OF RESIDENT SERVICES	40.00	Highest	$165,165	$26,433	$191,598

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	$40,878,663	$37,537,540	$157,127,942	$3,341,123
2022	$36,999,925	$35,714,026	$152,711,522	$1,285,899
2021	$32,824,214	$31,376,245	$155,694,158	$1,447,969
2020	$29,919,706	$29,123,983	$147,965,717	$795,723
2018	$32,579,232	$26,037,780	$103,422,491	$6,541,452

MONTECITO RETIREMENT ASSOCIATION