NORTH SHORE RETIREMENT COMMUNITY (EIN 341743836) - 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

1993

Legal Domicile

Principal Officer

J CHRISTOPHER GREEN

Phone

4197988203

Tax Period

2023-01-01 to 2023-12-31

NORTH SHORE RETIREMENT COMMUNITY, founded in 1993, is a community nonprofit in the Housing & Shelter sector that reported $8.5M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $7.5M left a modest 12% surplus.

Mission

CONTINUING CARE RETIREMENT COMMUNITY THAT PROVIDES HOUSING AND SERVICES FOR OLDER ADULTS.

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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 $678,088

Program Service Revenue $7,321,316

Investment Income $44,306

Other Revenue $432,992

TOTAL REVENUE $8,476,702

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,358,427

Fundraising Expenses $0

Program Expenses $6,223,604

Other Expenses $4,094,999

TOTAL EXPENSES $7,453,426

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,476,702	$7,112,418	+0.2%
Expenses	$7,453,426	$7,580,463	0.0%
Net Income	$1,023,276	$-468,045	-3.2%

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

113

Volunteers

102

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

$1,694,288

Total Directors

$1,540,934

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL WILSON	PRESIDENT/CEO	2.00	Officer Director	$0	$18,445	$656,960
JAMES C GREEN	CFO/TREASURER	2.00	Officer Director	$0	$18,317	$420,235
MARILYN FARIS	RESIDENT DIRECTOR	1.00	Director	$0	$0	$0
JOHN BUTCHKO	CHAIR	1.00	Officer Director	$0	$0	$0
SHIRLEY ENGLE	RESIDENT DIRECTOR	1.00	Director	$0	$0	$0
MEL MILLER	OTTERBEIN HOMES BOARD CHAIR (TERM ENDED)	1.00	Director	$0	$0	$0
JASON MILLER	VP SR - LSC	2.00	Officer Director	$0	$14,573	$463,739
WILLIAM BROWNSON	BOARD CHAIR OF OTTERBEIN	1.00	Director	$0	$0	$0
HELEN ROFKAR	DIRECTOR	1.00	Director	$0	$0	$0
PHILIP FELTMAN	DIRECTOR	1.00	Director	$0	$0	$0
ROBIN PALMER	DIRECTOR	1.00	Director	$0	$0	$0
BECKY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER LENTHE	EXECUTIVE DIRECTOR	40.00	Officer	$142,801	$10,553	$153,354
GARY HORNING	VP - MKTG - COMMUNICATIONS	2.00	Highest	$0	$15,182	$289,783
PAMELA RICHMOND	VP CHIEF STRATEGY/DEV	2.00	Highest	$0	$15,037	$310,663
LOIS MILLS	VP OF HUMAN RESOURCES	2.00	Highest	$0	$13,729	$257,126
EMILY WEIKERT	VP - CLINICAL QUALITY	2.00	Highest	$0	$14,394	$254,893
CATHERINE CHIOVARO	VP - WORKFORCE MANAGEMENT	2.00	Highest	$0	$10,066	$299,170

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	$8,476,702	$7,453,426	$14,321,080	$1,023,276
2022	$7,112,418	$7,580,463	$12,495,974	$-468,045
2021	$7,090,018	$6,733,181	$14,036,029	$356,837
2020	$6,174,786	$5,763,941	$15,057,272	$410,845
2019	$5,874,985	$5,548,939	$13,420,108	$326,046
2018	$5,782,924	$5,407,943	$12,228,077	$374,981

NORTH SHORE RETIREMENT COMMUNITY