MONTECEDRO INC (EIN 270707394) - 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

2009

Legal Domicile

Principal Officer

JAMES S ROTHROCK

Phone

6264035400

Tax Period

2022-07-01 to 2023-06-30

MONTECEDRO INC, founded in 2009, is a mid-sized nonprofit that reported $24.1M in total revenue in fiscal year 2022. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

MONTECEDRO, INC. (MCINC) OPERATES HOUSING SPECIALLY DESIGNED FOR OLDER ADULTS, WITH ARRANGEMENTS FOR RESIDENTS' HEALTH CARE AND FINANCIAL SECURITY, AND OTHERWISE PROMOTE THE INTEREST AND SERVE THE NEEDS OF OLDER ADULTS, PROVIDED THAT SUCH ACTIVITIES ARE CONSISTENT WITH ITS EXEMPT PURPOSES. MCINC OPERATES A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) IN ALTADENA, CALIFORNIA (MONTECEDRO) CONSISTING OF RESIDENTIAL AND ASSISTED LIVING. MCINC IS ORGANIZED AS A NONPROFIT CORPORATION UNDER THE GENERAL NONPROFIT CORPORATION LAWS OF THE STATE OF CALIFORNIA. MONTECEDRO OPENED DECEMBER 16, 2015.

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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 (2022)

Revenue Breakdown

Contributions & Grants $33,140

Program Service Revenue $21,918,154

Investment Income $2,165,002

Other Revenue $30,206

TOTAL REVENUE $24,146,502

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,023,305

Fundraising Expenses $7,003

Program Expenses $20,808,679

Other Expenses $14,510,586

TOTAL EXPENSES $24,533,891

Year-over-Year Comparison

	2022	2021	Change
Revenue	$24,146,502	$21,405,449	+0.1%
Expenses	$24,533,891	$23,493,801	+0.0%
Net Income	$-387,389	$-2,088,352	-0.8%

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

182

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

$2,714,110

Total Directors

$671,063

Key Employees

$337,228

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES S ROTHROCK	PRESIDENT & CEO	1.00	Officer Director	$0	$48,657	$671,063
TERRY QUIGLEY	VP OPERATIONS & COO	10.00	Officer	$0	$34,092	$505,448
CHARLIE RAHILLY	VP FINANCE & CFO	12.00	Officer	$0	$34,344	$455,041
SHARON PEWTRESS	VP STRATEGIC GROWTH	8.00	Officer	$0	$28,232	$384,724
KRISTA NAY	VP SALES & MARKETING	10.00	Officer	$0	$25,740	$352,403
STACIE OCAMPO	VP HUMAN RESOURCES	10.00	Officer	$0	$19,028	$345,431
DAVID WEIDERT	EXECUTIVE DIRECTOR	40.00	Key Emp	$317,136	$20,092	$337,228
ELIZABETH SALDEBAR	MARKETING-SALES	40.00	Highest	$231,845	$23,650	$255,495
RUBEN ALVARADO	MARKETING-SALES	40.00	Highest	$161,191	$18,763	$179,954
SERGEYEV RUZANNA	DIRECTOR OF RESIDENT HEALTH SERV	40.00	Highest	$138,333	$9,353	$147,686
BRUNO MOLINA	DIRECTOR OF ENVIRONMENTAL SERV	40.00	Highest	$130,669	$17,487	$148,156
CATHERINE MAY	CHAIR	1.00	Officer Director	$0	$0	$0
GWEN WHITSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
TIM HARTLEY	SECRETARY-TREASURER	1.00	Officer Director	$0	$0	$0
JONATHAN CULLEN	DIRECTOR	1.00	Director	$0	$0	$0
GERTI GARNER	DIRECTOR	1.00	Director	$0	$0	$0
JOYCE TURNER	DIRECTOR	1.00	Director	$0	$0	$0
JACK LANTZ	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT LONG	DIRECTOR	1.00	Director	$0	$0	$0
GABRIEL MENDHAM	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL RYAN	DIRECTOR	1.00	Director	$0	$0	$0
JANE SCHLEGEL	DIRECTOR	1.00	Director	$0	$0	$0
JIM WHITE	DIRECTOR	1.00	Director	$0	$0	$0
EVELYN DANOWITZ	DIRECTOR (THRU JAN 2023)	1.00	Director	$0	$0	$0
BILL HORSFALL	DIRECTOR (THRU AUG 2022)	1.00	Director	$0	$0	$0
ROSE CHAN LOUI	DIRECTOR (THRU OCT 2022)	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
2023	No data	No data	No data	No data
2023	$24,146,502	$24,533,891	$184,046,760	$-387,389
2022	$21,405,449	$23,493,801	$184,409,205	$-2,088,352
2021	$25,965,819	$23,192,046	$191,107,434	$2,773,773
2020	$19,916,172	$21,804,445	$187,499,687	$-1,888,273
2019	$17,312,976	$18,469,170	$186,444,860	$-1,156,194
2018	$16,659,541	$19,826,062	$194,952,175	$-3,166,521

MONTECEDRO INC