YPSILANTI, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE GILBERT RESIDENCE INC, founded in 1935, is a community nonprofit in the Health Care sector that reported $8.8M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.8M, a strong 20% operating margin.
OUR MISSION IS TO CONTINUE A TRADITION OF EXCELLENCE BY PROVIDING COMPASSIONATE AND DIGNIFIED CARE THAT BEST MEETS YOUR NEEDS AND PREFERENCES.
THE GILBERT RESIDENCE OFFERS HOUSING, HEALTH CARE AND RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT, ASSISTED LIVING AND MEMORY CARE HOME.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $8,772,812 | $7,188,667 | +0.2% |
| Expenses | $6,982,279 | $6,771,954 | +0.0% |
| Net Income | $1,790,533 | $416,713 | +3.3% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| TED SCHORK | PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| BARBARA ROBB | VICE PRESIDENT | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICHARD TIMMONS | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| THOMAS HARRISON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| FRED DAVIS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LAWRENCE DOE | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE JENTZEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR JEFFREY J COLTON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LESLIE SHANLIAN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIC MAES | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DEREK MCGILL | CEO | 40.00 |
Officer
|
$187,157 | $31,593 | $218,750 |
| DAWN BATES | BUSINESS MANAGER | 40.00 |
Officer
|
$130,289 | $9,727 | $140,016 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 2024 | $8,772,812 | $6,982,279 | $19,383,530 | $1,790,533 |
| 2023 | $7,188,667 | $6,771,954 | $19,214,305 | $416,713 |
| 2022 | $6,754,255 | $6,794,117 | $20,286,941 | $-39,862 |
| 2021 | $7,710,514 | $6,053,989 | $21,204,563 | $1,656,525 |
| 2020 | $5,998,398 | $6,035,060 | $19,801,555 | $-36,662 |
| 2019 | $6,992,921 | $6,112,212 | $18,510,217 | $880,709 |
| 2018 | $6,740,236 | $6,221,450 | $17,212,243 | $518,786 |
Compare THE GILBERT RESIDENCE INC with other nonprofits in Michigan and across the country.