MENNONITE MEMORIAL HOME

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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

1947

Legal Domicile

Principal Officer

DAREN LEE

Phone

4193581015

Tax Period

2023-01-01 to 2023-12-31

MENNONITE MEMORIAL HOME, founded in 1947, is a mid-sized nonprofit in the Health Care sector that reported $15.2M in total revenue in fiscal year 2023. Revenue surged 41% from the prior year, signaling strong growth momentum. Expenses of $13.5M left a modest 11% surplus.

Mission

MISSION STATEMENT: WE ARE DEDICATED TO BEING CHRIST-CENTERED COMMUNITY THAT PROMOTES PERSONAL DECISION-MAKING AND PURPOSEFUL LIVING FOR EACH OLDER ADULT SERVED. VISION STATEMENT: TO BE THE COMMUNITY'S SOURCE OF INNOVATIVE CARE, EXCELLENT SERVICES AND COMPREHENSIVE RESOURCES FOR OLDER ADULTS.

Program Service Accomplishments

Program 1

Expenses: $8,408,649 Revenue: $8,320,916

SKILLED NURSING FACILITY

Program 2

Expenses: $1,373,470 Revenue: $2,202,599

ASSISTED LIVING FACILITY

Program 3

Expenses: $1,360,484 Revenue: $1,931,692

INDEPENDENT LIVING FACILITY

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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 $561,280

Program Service Revenue $12,487,831

Investment Income $3,809

Other Revenue $2,139,588

TOTAL REVENUE $15,192,508

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,617,944

Fundraising Expenses $104,617

Program Expenses $11,202,180

Other Expenses $5,906,102

TOTAL EXPENSES $13,524,046

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,192,508	$10,812,853	+0.4%
Expenses	$13,524,046	$15,010,150	-0.1%
Net Income	$1,668,462	$-4,197,297	-1.4%

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

170

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ELIZABETH KELLY	BOARD CHAIR	14.00	Officer Director	$0	$0	$0
CLIFF HARMON	BOARD VICE CHAIR - PART YEAR	1.50	Officer Director	$0	$0	$0
BRICE BRENNEMAN	TRUSTEE	1.50	Director	$0	$0	$0
ROSS KAUFFMAN	TRUSTEE	1.50	Director	$0	$0	$0
EMILY KOOGLER	TRUSTEE	1.50	Director	$0	$0	$0
KEVIN NICKEL	TRUSTEE	1.50	Director	$0	$0	$0
ED BASINGER	TRUSTEE	1.50	Director	$0	$0	$0
MYRNA MCCURDY	SECRETARY	1.50	Officer Director	$0	$0	$0
LAURA JONES	MEMBER AT LARGE	1.50	Director	$0	$0	$0
GREG RING	MEMBER AT LARGE	1.50	Director	$0	$0	$0
SHERRI WINEGARDNER	MEMBER AT LARGE	1.50	Director	$0	$0	$0
DAREN LEE	COO	14.00	Officer	$0	$0	$0
JOHN WARNER	CEO	14.00	Officer	$0	$0	$0
CARL EUBANK	CFO -PART YEAR	14.00	Officer	$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
2024	No data	No data	No data	No data
2023	$15,192,508	$13,524,046	$17,702,959	$1,668,462
2022	$10,812,853	$15,010,150	$15,682,994	$-4,197,297
2021	$11,355,398	$10,354,399	$19,148,402	$1,000,999
2020	$9,995,271	$10,624,502	$19,527,375	$-629,231
2019	$10,935,221	$11,738,194	$19,282,150	$-802,973
2018	$11,495,914	$12,117,229	$19,776,198	$-621,315