WASHINGTON AND JANE SMITH 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

1999

Legal Domicile

Principal Officer

RAYMOND MARNERIS

Phone

7734747300

Tax Period

2024-07-01 to 2025-06-30

WASHINGTON AND JANE SMITH HOME, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $13.6M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. The organization ran a surplus of $2.6M, a strong 19% operating margin.

Mission

THE MISSION OF WASHINGTON AND JANE SMITH HOME IS TO ENRICH THE LIVES OF SENIOR ADULTS THROUGH THE HIGHEST QUALITY OF SERVICES. THE ORGANIZATION'S CHARITABLE PURPOSE IS TO PROVIDE MANAGEMENT, PLANNING, FINANCIAL AND ADMINISTRATIVE SERVICES (SEE SCHEDULE O) EXCLUSIVELY TO ITS RELATED CCRC ORGANIZATIONAL AFFILIATES.

Program Service Accomplishments

Program 1

Expenses: $6,351,480 Revenue: $6,351,480

WASHINGTON AND JANE SMITH HOME IS THE SOLE MEMBER OF SMITH CARES, LLC, A STAFFING HOLDING COMPANY. SMITH CARES PROVIDES PROFESSIONAL STAFF TO THE AFFILIATED COMPANIES OF WASHINGTON AND JANE SMITH...

WASHINGTON AND JANE SMITH HOME IS THE SOLE MEMBER OF SMITH CARES, LLC, A STAFFING HOLDING COMPANY. SMITH CARES PROVIDES PROFESSIONAL STAFF TO THE AFFILIATED COMPANIES OF WASHINGTON AND JANE SMITH COMMUNITY - BEVERLY AND WASHINGTON AND JANE SMITH COMMUNITY - ORLAND PARK WHEN THE INDIVIDUALS ARE SHARED BETWEEN THE TWO AFFILIATE ORGANIZATIONS.

Program 2

Expenses: $4,286,124 Revenue: $4,315,945

WASHINGTON AND JANE SMITH HOME PROVIDES PLANNING, FINANCIAL AND ADMINISTRATIVE SERVICES EXCLUSIVELY TO ITS RELATED CONTINUING CARE RETIREMENT COMMUNITY ORGANIZATIONAL AFFILIATES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $113,170

Program Service Revenue $10,661,119

Investment Income $2,779,232

Other Revenue $6,306

TOTAL REVENUE $13,559,827

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,539,997

Fundraising Expenses $0

Program Expenses $10,637,604

Other Expenses $1,390,204

TOTAL EXPENSES $10,930,201

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,559,827	$16,370,750	-0.2%
Expenses	$10,930,201	$11,259,027	0.0%
Net Income	$2,629,626	$5,111,723	-0.5%

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

170

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

$728,289

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALICE KEANE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANDREW ANELLO	TRUSTEE	1.00	Director	$0	$0	$0
ANN HASKINS	CHAIR	3.00	Officer Director	$0	$0	$0
BRIAN PIEJKO	TRUSTEE	1.00	Director	$0	$0	$0
CAROLE GRIFFIN RUZICH	TRUSTEE	1.00	Director	$0	$0	$0
JOHN SIEGEL	TRUSTEE	1.00	Director	$0	$0	$0
JULIA PHILIP-KULI	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN LANE	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL HUGUELET	TRUSTEE	1.00	Director	$0	$0	$0
MICHAEL STANTON	TRUSTEE	2.00	Director	$0	$0	$0
MONICA RYAN	TRUSTEE	2.00	Director	$0	$0	$0
THOMAS BARRETT	TRUSTEE	1.00	Director	$0	$0	$0
TIM KELLEHER	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM WADDELL	TRUSTEE	1.00	Director	$0	$0	$0
JAMES SCHMITT	CHIEF INFORMATION OFFICER	37.50	Officer	$183,927	$33,203	$217,130
KEVIN MCGEE	PRESIDENT/CEO	37.50	Officer	$233,636	$35,427	$269,063
RAYMOND MARNERIS	TREASURER/CFO	37.50	Officer	$215,462	$26,634	$242,096
DEBORAH SPERKWICK	REGISTERED NURSE	37.50	Highest	$122,651	$4,904	$127,555
EMA ARAIZA	CONTROLLER	37.50	Highest	$115,017	$23,228	$138,245
JENNIFER TRUMBULL	REGISTERED NURSE	37.50	Highest	$123,389	$12,224	$135,613
JOYCE KINDT	HUMAN RESOURCES DIRECTOR	37.50	Highest	$132,340	$14,584	$146,924
YAHAIRA RAMIREZ	DIRECTOR OF CLINICAL OPS	37.50	Highest	$169,807	$20,957	$190,764

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
2025	$13,559,827	$10,930,201	$60,357,362	$2,629,626
2024	$16,370,750	$11,259,027	$55,887,238	$5,111,723
2023	$13,971,070	$10,949,196	$48,894,590	$3,021,874
2022	$12,016,022	$9,793,579	$45,946,166	$2,222,443
2021	$12,000,310	$9,321,049	$53,153,126	$2,679,261
2020	$10,557,782	$15,175,724	$43,299,259	$-4,617,942
2019	$9,402,532	$8,410,948	$50,558,620	$991,584