THE BRITISH HOME FOR RETIRED MEN A… - Form 990 Financial Data

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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

1920

Legal Domicile

Principal Officer

JOHN LARSON

Phone

7084855757

Tax Period

2023-10-01 to 2024-09-30

THE BRITISH HOME FOR RETIRED MEN AND WOMEN, founded in 1920, is a mid-sized nonprofit in the Human Services sector that reported $14.5M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO COMPASSIONATELY SERVE ALL SENIORS IN WAYS THAT ENCOURAGE WELL BEING, INDEPENDENCE, AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $12,670,674 Revenue: $13,528,693

NURSING HOME CARE: THE BRITISH HOME PROVIDES HOUSING, HEALTHCARE, AND OTHER RELATED SERVICES TO THE RETIRED OR ELDERLY MEN AND WOMEN. THE HOME ALSO PROVIDES CARE TO PATIENTS WHO MEET CERTAIN CRITERIA UNDER ITS CHARITY CARE POLICY WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES.

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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 $106,014

Program Service Revenue $13,528,693

Investment Income $255,468

Other Revenue $589,046

TOTAL REVENUE $14,479,221

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,588,250

Fundraising Expenses $0

Program Expenses $12,670,674

Other Expenses $9,548,254

TOTAL EXPENSES $15,136,504

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,479,221	$13,298,346	+0.1%
Expenses	$15,136,504	$15,271,210	0.0%
Net Income	$-657,283	$-1,972,864	-0.7%

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

255

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

$439,786

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA BOND	DIRECTOR	2.00	Director	$0	$0	$0
ELLEN HOYE-CORTOPASSI	DIRECTOR	2.00	Director	$0	$0	$0
LORNA BENNETT	DIRECTOR	2.00	Director	$0	$0	$0
ELISA ROBINSON	DIRECTOR	2.00	Director	$0	$0	$0
ROSALYN PEARSON	DIRECTOR	2.00	Director	$0	$0	$0
MARY BLATZ	DIRECTOR	2.00	Director	$0	$0	$0
KAREN GARRISON	PRESIDENT	8.00	Officer	$0	$0	$0
PAUL MCALLISTER	TREASURER	2.00	Officer	$0	$0	$0
BRUCE JABLONSKI	SECRETARY	2.00	Officer	$0	$0	$0
JOHN LARSON	CEO	30.00	Officer	$203,294	$50,336	$253,630
KEVIN HERATY	CDO	28.00	Officer	$136,076	$50,080	$186,156
GUADALUPE MACIEL	DIRECTOR OF NURSING	40.00	Highest	$103,846	$1,061	$104,907
SLAWOMIR NOWAK	DIRECTOR OF ACCOUNTING	40.00	Highest	$100,205	$11,903	$112,108

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	$14,479,221	$15,136,504	$18,853,532	$-657,283
2023	$13,298,346	$15,271,210	$19,344,267	$-1,972,864
2022	$14,703,916	$14,561,597	$20,376,564	$142,319
2021	$14,075,488	$13,990,824	$22,236,717	$84,664
2020	$13,058,970	$14,636,131	$22,627,787	$-1,577,161
2019	$14,707,701	$15,174,053	$22,876,168	$-466,352
2018	$15,673,075	$15,351,770	$24,458,925	$321,305

THE BRITISH HOME FOR RETIRED MEN AND WOMEN