BAILEYS GROVE RETIREMENT COMMUNITY… - 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

2006

Legal Domicile

Principal Officer

STEVE FETYKO

Phone

6169494975

Tax Period

2023-07-01 to 2024-06-30

BAILEYS GROVE RETIREMENT COMMUNITY INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $291K in total revenue in fiscal year 2023. Expenses of $338K exceeded revenue, resulting in a 16% operating deficit.

Mission

WELCOMING ALL, PARTNERING TOGETHER, ENRICHING LIVES.

Program Service Accomplishments

Program 1

Expenses: $279,861 Revenue: $290,780

PROVIDED AFFORDABLE HOUSING FOR LOW INCOME ELDERLY BY RENTING 43 APARTMENTS THAT ARE SUBSIDIZED BY THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT.

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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 $1,050

Program Service Revenue $289,368

Investment Income $362

Other Revenue $0

TOTAL REVENUE $290,780

Expense Breakdown

Grants Paid $0

Salaries & Benefits $63,148

Fundraising Expenses $0

Program Expenses $279,861

Other Expenses $274,706

TOTAL EXPENSES $337,854

Year-over-Year Comparison

	2023	2022	Change
Revenue	$290,780	$296,918	0.0%
Expenses	$337,854	$334,227	+0.0%
Net Income	$-47,074	$-37,309	+0.3%

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

Volunteers

N/A

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

$1,375,791

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE FETYKO	PRESIDENT & CEO	1	Officer	$0	$30,514	$551,306
NICOLE MAAG	CHIEF OF RESIDENTIAL SERVICE	1	Officer	$0	$28,578	$318,605
KIM HOPPE	CFO, PART YEAR	1	Officer	$0	$13,709	$314,003
KALEN CARLSON	CFO, START JAN 2024	1	Officer	$0	$14,662	$191,877
MICHAEL SHORE	CHAIR	1	Officer Director	$0	$0	$0
RUSS IVES	VICE CHAIR	1	Officer Director	$0	$0	$0
MICHAEL FRITZ	TREASURER	1	Officer Director	$0	$0	$0
MARY WAGNER	SECRETARY	1	Officer Director	$0	$0	$0
COLLEEN DOLAN GREEN	DIRECTOR	1	Director	$0	$0	$0
DICK LUNDY	DIRECTOR	1	Director	$0	$0	$0
JOHN NIXON	DIRECTOR	1	Director	$0	$0	$0
PAM KIDD	DIRECTOR	1	Director	$0	$0	$0
PATRICK REID	DIRECTOR	1	Director	$0	$0	$0
MATTHEW HOOK	DIRECTOR	1	Director	$0	$0	$0
ED SOUTHWORTH	DIRECTOR	1	Director	$0	$0	$0
NICK NAHORSKI	DIRECTOR	1	Director	$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
2025	No data	No data	No data	No data
2024	$290,780	$337,854	$1,773,243	$-47,074
2023	$296,918	$334,227	$1,820,626	$-37,309
2022	$248,476	$357,558	$1,876,242	$-109,082
2021	$262,985	$345,550	$1,975,069	$-82,565
2020	$298,344	$333,458	$2,048,199	$-35,114
2019	$307,560	$359,616	$2,093,190	$-52,056
2018	$335,232	$361,556	$2,137,514	$-26,324

BAILEYS GROVE RETIREMENT COMMUNITY INC