CLARK RETIREMENT COMMUNITY INC

EIN: 381366932 501(c)(3) Housing & Shelter

GRAND RAPIDS, MI

Total Revenue
$23,980,760
Total Expenses
$27,488,997
Total Assets
$93,013,448
Net Assets
$1,018,751
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
MI
Principal Officer
ROGER E WEIDEMAN II
Phone
6164521568
Tax Period
2023-01-01 to 2023-12-31

CLARK RETIREMENT COMMUNITY INC, founded in 1906, is a mid-sized nonprofit in the Housing & Shelter sector that reported $24.0M in total revenue in fiscal year 2023. Expenses of $27.5M exceeded revenue, resulting in a 15% operating deficit.

Mission

TO PROVIDE RETIREMENT HOUSING, HEALTHCARE, AND RELATED SERVICES TO RESIDENTS AND CLIENTS.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $360,950
Program Service Revenue $21,843,356
Investment Income $491,672
Other Revenue $1,284,782
TOTAL REVENUE $23,980,760

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,248,786
Fundraising Expenses $0
Program Expenses $22,828,015
Other Expenses $17,240,211
TOTAL EXPENSES $27,488,997

Year-over-Year Comparison

2023 2022 Change
Revenue $23,980,760 $24,769,741 0.0%
Expenses $27,488,997 $33,029,875 -0.2%
Net Income $-3,508,237 $-8,260,134 -0.6%
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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Governance

Voting Members
6
Independent Members
2
Employees
274
Volunteers
52

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
4
$1,443,890
Total Directors
6
$1,443,890
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN DATTILO DIRECTOR & CEO 2.00
Officer Director
$0 $47,927 $452,741
ROGER WEIDEMAN II DIRECTOR & CFO 2.00
Officer Director
$0 $46,241 $404,827
BRIAN PANGLE DIRECTOR & PRESIDENT 1.00
Officer Director
$0 $35,313 $349,981
JAY RUMBACH DIRECTOR & SECRETARY 2.00
Officer Director
$0 $11,072 $236,341
FORREST HOPPE DIRECTOR 1.00
Director
$0 $0 $0
MARK MILLER DIRECTOR 1.00
Director
$0 $0 $0
JOANN ABRAHAM VP DEVELOPMENT/FOUNDATION EXECUTIVE 40.00
Highest
$133,015 $14,670 $147,685
LAUANN SHAWVER VP SALES, MARKETING & COMMUNICATIONS 40.00
Highest
$135,516 $23,329 $158,845
BRIAN MORRILL DIRECTOR OF INFORMATION TECHNOLOGY 40.00
Highest
$114,077 $0 $114,077
DEBORAH HOWELL DIRECTOR OF CLINICAL SERVICES 40.00
Highest
$121,147 $7,681 $128,828
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 $23,980,760 $27,488,997 $93,013,448 $-3,508,237
2022 $20,508,927 $26,024,523 $96,381,064 $-5,515,596
2022 $24,769,741 $33,029,875 $96,787,228 $-8,260,134
2021 $19,739,352 $22,927,704 $100,230,556 $-3,188,352
2020 $22,346,163 $21,892,870 $99,194,078 $453,293
2019 $19,839,636 $22,432,573 $55,985,560 $-2,592,937
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