THE WOODLANDS, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)METHODIST RETIREMENT COMMUNITIES GROUP RETURN, founded in 2016, is a major nonprofit that reported $107.3M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $125.6M exceeded revenue, resulting in a 17% operating deficit.
THE ORGANIZATION IS COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN A FAITH-BASED ENVIRONMENT. THE ORGANIZATION TAKES GREAT PRIDE IN BEING AN IMPORTANT PART OF THE BROADER, LOCAL COMMUNITY WHERE IT SERVES SENIORS AND PROVIDES LOCAL EMPLOYMENT IN MEETING ITS MISSION OF SERVICE MINISTRY TO SENIOR ADULTS. THE COVENANT CONNECTION WITH THE TEXAS ANNUAL CONFERENCE OF UNITED METHODISTS LINKS THE ORGANIZATION TO ITS HERITAGE AND ORIGIN, THOUGH THE ORGANIZATION OPENLY ACCEPTS PERSONS OF ALL FAITHS AND BELIEFS; WITH NO DISCRIMINATION TOWARD RESIDENTS, STAFF, BOARD MEMBERS, VOLUNTEERS, DONORS, VENDORS, ETC. THE ORGANIZATION ACCEPTS DONATIONS, USUALLY THROUGH THE MRC FOUNDATION, TO ASSIST AND RETAIN RESIDENTS WHO OUTLIVE THEIR RESOURCES AND RUN LOW ON FUNDS OR EVENTUALLY EVEN OUT OF MONEY THROUGH NO FAULT OF THEIR OWN. THE ORGANIZATION PROVIDES SERVICES, PROGRAMS, ACTIVITIES, CARE AND HOUSING TO SENIORS IN INDEPENDENT/RESIDENTIAL LIVING APARTMENTS, ASSISTED LIVING APARTMENTS, SPECIALTY MEMORY SUPPORT SUITES FOR THOSE WITH ALZHEIMER'S AND OTHER DEMENTIAS, AND SKILLED NURSING & REHABILITATION UNITS. THE ORGANIZATION ACCEPTS MEDICARE & MEDICAID PAYMENTS ALONG WITH PRIVATE PAY AND SOME INSURANCE PLANS. THE ORGANIZATION ALSO OPENS ITS DOORS TO PERIODICALLY PROVIDE SPACE USE FOR OTHER LOCAL NONPROFITS, SUCH AS LIONS, ROTARY, CHAMBER, ETC.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $107,251,381 | $93,551,771 | +0.1% |
| Expenses | $125,550,613 | $109,968,279 | +0.1% |
| Net Income | $-18,299,232 | $-16,416,508 | +0.1% |
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 |
|---|---|---|---|---|---|---|
| MR ALAN BROWN | PRESIDENT AND CEO | 40.00 |
Officer
Director
|
$0 | $38,745 | $509,144 |
| MR DON STEPHENS | CHIEF FINANCIAL OFFICER | 38.00 |
Officer
|
$0 | $27,827 | $382,831 |
| MS AMY THOMAS | VP & EXECUTIVE DIRECTOR | 40.00 |
Highest
|
$0 | $36,685 | $224,249 |
| MS JILL JANES | VP OF SALES & MARKETING | 40.00 |
Highest
|
$0 | $36,092 | $222,374 |
| MR MATTHEW CURRIE | VP & EXECUTIVE DIRECTOR | 40.00 |
Highest
|
$0 | $3,993 | $205,037 |
| MS DEBORAH NUGENT | EXECUTIVE DIRECTOR | 40.00 |
Highest
|
$0 | $11,645 | $194,985 |
| MS FRANCES BELTRAN | VP OF HUMAN RESOURCES | 40.00 |
Highest
|
$0 | $23,961 | $190,398 |
| MRS ALYCE ANNE BAGGETT | CHAIR | 9.00 |
Officer
Director
|
$0 | $0 | $0 |
| REV PRESTON MORGAN | VICE CHAIR | 9.00 |
Officer
Director
|
$0 | $0 | $0 |
| MR JIM BUNCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR DALE CONGER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV KIP GILTS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR WAYNE D HAGLUND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR BILL KING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR BILL KOERNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV ROMONICA MALONE-WARDLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV ED SIMMONS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR LARRY ST MARTIN | DIRECTOR (TERM END 6/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| MR FRANKIE WATSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV BILLY T WILLIAMSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR THOMAS R WUSSOW | DIRECTOR (TERM END 6/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $107,251,381 | $125,550,613 | $400,169,927 | $-18,299,232 |
| 2022 | $93,551,771 | $109,968,279 | $420,110,632 | $-16,416,508 |
| 2021 | $84,432,559 | $113,894,926 | $418,152,845 | $-29,462,367 |
| 2020 | $83,548,971 | $96,548,292 | $427,980,872 | $-12,999,321 |
| 2019 | $78,233,565 | $91,302,794 | $326,609,504 | $-13,069,229 |
| 2018 | $68,022,387 | $75,030,549 | $290,135,151 | $-7,008,162 |
Compare METHODIST RETIREMENT COMMUNITIES GROUP RETURN with other nonprofits in Texas and across the country.