EPISCOPAL RETIREMENT SERVICES FOUNDATION (EIN 311570272) - 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

1997

Legal Domicile

Principal Officer

LAURA LAMB

Phone

5132719610

Tax Period

2023-01-01 to 2023-12-31

EPISCOPAL RETIREMENT SERVICES FOUNDATION, founded in 1997, is a community nonprofit in the Human Services sector that reported $3.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $4.4M exceeded revenue, resulting in a 49% operating deficit.

Mission

THE EXCLUSIVE PURPOSE FOR WHICH EPISCOPAL RETIREMENT SERVICES FOUNDATION WAS FORMED IS TO SOLICIT, RECEIVE, ACQUIRE, HOLD, MONITOR AND INVEST MONEY AND OTHER REAL AND PERSONAL PROPERTY AND, FROM TIME TO TIME, DISBURSE THE SAME AND/OR THE INCOME THEREFROM TO EPISCOPAL RETIREMENT HOMES, INC., AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE IRC OF 1986 AS AMENDED AND AS FURTHER DESCRIBED IN SECTION 509(A)(1) OF SAID CODE.

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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 $2,342,675

Program Service Revenue $0

Investment Income $379,436

Other Revenue $241,411

TOTAL REVENUE $2,963,522

Expense Breakdown

Grants Paid $4,008,618

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $4,424,388

Other Expenses $415,770

TOTAL EXPENSES $4,424,388

Year-over-Year Comparison

	2023	2022	Change
Revenue	$2,963,522	$2,413,369	+0.2%
Expenses	$4,424,388	$3,065,813	+0.4%
Net Income	$-1,460,866	$-652,444	+1.2%

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

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

$1,825,477

Total Directors

$595,486

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAURA LAMB	DIRECTOR/PRESIDENT/CEO	10.00	Officer Director	$0	$76,758	$595,486
JOANN HAGOPIAN	CHAIR	0.20	Officer Director	$0	$0	$0
JON B BOSS	DIRECTOR	0.20	Director	$0	$0	$0
TONY BRUNS	DIRECTOR	0.20	Director	$0	$0	$0
TOM COOPER	DIRECTOR	0.20	Director	$0	$0	$0
ROY MITCHELL	DIRECTOR	0.20	Director	$0	$0	$0
APRYL POPE	DIRECTOR	0.20	Director	$0	$0	$0
TOM REGAN	DIRECTOR	0.20	Director	$0	$0	$0
CHIP WORKMAN	DIRECTOR	0.20	Director	$0	$0	$0
DANIEL STEWARD	CFO/TREASURER/SECRETARY	10.00	Officer	$0	$35,142	$287,648
JOAN WETZEL	VP, HR & ORG. DEV.	10.00	Officer	$0	$36,138	$205,205
BEVERLY EDWARDS	VP, HEALTH SERVICES	10.00	Officer	$0	$3,459	$206,193
BRYAN REYNOLDS	VP MARKETING (UNTIL 12/29/23)	10.00	Officer	$0	$37,116	$179,040
JAMES WILSON	VP, AFFORDABLE LIVING	10.00	Officer	$0	$15,285	$201,591
MEGAN BRADFORD	VP, MIDDLE MARKET & MINISTRY	10.00	Officer	$0	$4,212	$150,314

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	$2,963,522	$4,424,388	$58,026,140	$-1,460,866
2022	$2,413,369	$3,065,813	$53,161,316	$-652,444
2021	$1,625,234	$2,842,778	$67,757,663	$-1,217,544
2020	$2,829,604	$2,980,159	$64,204,667	$-150,555
2019	$3,692,559	$2,741,209	$58,042,970	$951,350
2018	$4,465,996	$4,105,010	$50,676,004	$360,986

EPISCOPAL RETIREMENT SERVICES FOUNDATION