CEDAR CREST INC (EIN 391025444) - Form 990 Financial Analysis & Trantor Score

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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

2003

Legal Domicile

Principal Officer

DAVID TANCK

Phone

6087560344

Tax Period

2023-07-01 to 2024-06-30

CEDAR CREST INC, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $19.2M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $21.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

CEDAR CREST IS A LIFE PLAN RETIREMENT COMMUNITY SERVING ADULTS 55 YEARS OF AGE OR OLDER. ITS MISSION IS TO OFFER RESIDENTS A FAITH-BASED CULTURE THAT EMBRACES A DISTINCT WELLNESS LIFESTYLE, COMPASSIONATE SUPPORTIVE LIVING AND EXCELLENT HEALTH CARE.

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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 $91,233

Program Service Revenue $18,835,912

Investment Income $315,408

Other Revenue $-4,021

TOTAL REVENUE $19,238,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,194,457

Fundraising Expenses $0

Program Expenses $19,926,037

Other Expenses $10,730,259

TOTAL EXPENSES $21,924,716

Year-over-Year Comparison

	2023	2022	Change
Revenue	$19,238,532	$15,951,770	+0.2%
Expenses	$21,924,716	$17,617,139	+0.2%
Net Income	$-2,686,184	$-1,665,369	+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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

342

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

$572,711

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN BECKORD	DIRECTOR	1.00	Director	$0	$0	$0
DR WILLIAM CLANFIELD	DIRECTOR	1.00	Director	$0	$0	$0
SARA CULLEN	DIRECTOR	1.00	Director	$0	$0	$0
LYNN GARDINIER	DIRECTOR	1.00	Director	$0	$0	$0
BARBARA GREDLER	DIRECTOR	1.00	Director	$0	$0	$0
CAROL HATCH	DIRECTOR	1.00	Director	$0	$0	$0
GERALD KELM	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS LASSE	DIRECTOR	1.00	Director	$0	$0	$0
MARK LORENZ	DIRECTOR	1.00	Director	$0	$0	$0
DIANE PILLARD	DIRECTOR	1.00	Director	$0	$0	$0
REV STEVE SCOTT	DIRECTOR	1.00	Director	$0	$0	$0
SARAH SWANTEK	DIRECTOR	1.00	Director	$0	$0	$0
JEN DEGARMO	DIRECTOR/CHAIR	1.00	Officer Director	$0	$0	$0
TARI MILLER	DIRECTOR/PAST CHAIR/TREASURER/SECY	1.00	Officer Director	$0	$0	$0
DAVID TANCK	PRESIDENT/CEO	39.00	Officer	$231,616	$42,325	$273,941
MEREDITH AARUD	VICE PRESIDENT OF CLINICAL SERVICES	39.00	Officer	$127,735	$27,577	$155,312
CHRISTOPHER MULAE	VICE PRESIDENT/CFO	39.00	Officer	$129,223	$14,235	$143,458
LEONARD MEYER	FACILITIES MANAGER	40.00	Highest	$101,424	$23,570	$124,994

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	$19,238,532	$21,924,716	$124,069,797	$-2,686,184
2023	$15,951,770	$17,617,139	$106,794,097	$-1,665,369
2022	$17,987,919	$16,271,842	$93,332,972	$1,716,077
2021	$15,719,717	$15,980,992	$47,272,483	$-261,275
2020	$17,927,351	$15,931,380	$45,805,616	$1,995,971
2019	$16,375,253	$15,328,796	$43,249,602	$1,046,457
2018	$14,915,211	$14,541,449	$41,883,622	$373,762

CEDAR CREST INC