OLF SENIOR HOUSING INC

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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

2008

Legal Domicile

Principal Officer

William J McCarthy Jr

Phone

6676003216

Tax Period

2023-07-01 to 2024-06-30

OLF SENIOR HOUSING INC, founded in 2008, is a small nonprofit that reported $557K in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $691K exceeded revenue, resulting in a 24% operating deficit.

Mission

The organization is affiliated with Associated Catholic Charities, Inc. (ACC) whose mission is "Inspired by the Gospel mandates to love, serve and teach, Catholic Charities provides care and services to improve the lives of Marylanders in need."

Program Service Accomplishments

Program 1

Expenses: $621,533 Revenue: $557,242

To provide affordable, supportive communities for older adults with a resolve to nurture a spirit of purpose, wellness, and harmony among both our residents and colleagues.

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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 $374,936

Program Service Revenue $177,803

Investment Income $4,503

Other Revenue $0

TOTAL REVENUE $557,242

Expense Breakdown

Grants Paid $0

Salaries & Benefits $244,866

Fundraising Expenses $0

Program Expenses $621,533

Other Expenses $446,297

TOTAL EXPENSES $691,163

Year-over-Year Comparison

	2023	2022	Change
Revenue	$557,242	$511,755	+0.1%
Expenses	$691,163	$738,903	-0.1%
Net Income	$-133,921	$-227,148	-0.4%

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

N/A

Volunteers

N/A

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

$794,476

Total Directors

$528,560

Key Employees

$453,849

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
William J McCarthy Jr	Secretary	1	Officer Director	$0	$72,031	$528,560
Sarah I Beckwith	Treasurer	1	Officer	$0	$47,524	$265,916
Ashley Valis	Chief Operating Officer	1	Key Emp	$0	$23,793	$264,136
Mary Choplick	Director Senior Communities	1	Key Emp	$0	$42,425	$189,713
Daniel Rizzo	President	1	Officer Director	$0	$0	$0
Archbishop William E Lori	Chairman	1	Director	$0	$0	$0
Theresa D Becks	Director	1	Director	$0	$0	$0
John Stanton	Director	1	Director	$0	$0	$0
Most Rev Adam Parker	Director	1	Director	$0	$0	$0
Pamela W Gray	Director	1	Director	$0	$0	$0
Tamla A Olivier	Director	1	Director	$0	$0	$0
Natalie McSherry	Director	1	Director	$0	$0	$0
Michael Bison	Director	1	Director	$0	$0	$0
Marc Wyatt	Director	1	Director	$0	$0	$0
Aileen Eskildsen	Director	1	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	No data	No data	No data	No data
2024	$557,242	$691,163	$4,604,289	$-133,921
2023	$511,755	$738,903	$4,727,034	$-227,148
2022	$474,106	$634,717	$4,863,479	$-160,611
2021	$420,138	$610,955	$4,965,507	$-190,817
2020	$425,058	$568,056	$5,148,779	$-142,998
2019	$424,182	$555,946	$5,308,173	$-131,764
2018	$413,234	$550,014	$5,417,500	$-136,780