SIMPSON MEMORIAL HOME INC

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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

1975

Legal Domicile

Principal Officer

DAWN SMITH

Phone

3196274775

Tax Period

2024-07-01 to 2025-06-30

SIMPSON MEMORIAL HOME INC, founded in 1975, is a community nonprofit in the Health Care sector that reported $9.9M in total revenue in fiscal year 2024.

Mission

PROVIDING CARE IN THE COMMUNITIES WE SERVE WHERE PEOPLE FEEL VALUED, SAFE, RESPECTED, AND LOVED.

Program Service Accomplishments

Program 1

Expenses: $8,981,546 Revenue: $9,599,206

THE ORGANIZATION OPERATES TWO CAMPUSES THAT ACCEPTS PRIVATE PAY, MEDICARE, MEDICAID, AND LONG-TERM CARE INSURANCE. SIMPSON MEMORIAL HOME AT WEST LIBERTY HAS A 55 BED SNF/NF, 18 BED ASSISTED LIVING...

THE ORGANIZATION OPERATES TWO CAMPUSES THAT ACCEPTS PRIVATE PAY, MEDICARE, MEDICAID, AND LONG-TERM CARE INSURANCE. SIMPSON MEMORIAL HOME AT WEST LIBERTY HAS A 55 BED SNF/NF, 18 BED ASSISTED LIVING, 24 UNIT INDEPENDENT LIVING, AND 6 UNITS OF IL TOWNHOUSES. WILTON RETIREMENT COMMUNITY IN WILTON HAS A 34 BED SNF/NF (THAT INCLUDES 10 CCDI BEDS) AND A 24 BED ASSISTED LIVING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,487

Program Service Revenue $9,599,206

Investment Income $119,272

Other Revenue $134,119

TOTAL REVENUE $9,865,084

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,492,803

Fundraising Expenses $0

Program Expenses $8,981,546

Other Expenses $3,863,016

TOTAL EXPENSES $10,355,819

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,865,084	$9,235,271	+0.1%
Expenses	$10,355,819	$9,988,141	+0.0%
Net Income	$-490,735	$-752,870	-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

245

Volunteers

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

$248,083

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHAD THOMAS	EXECUTIVE DI	40.00	Officer	$123,480	$0	$123,480
CLIFFORD MCFERREN	ADMINISTRATO	40.00	Officer	$111,592	$0	$111,592
LAURA BRANDT	ADMINISTRATO	40.00	Officer	$12,224	$787	$13,011
LORI LEGGINS LEFT 6302024	DIRECTOR	2.00	Officer Director	$0	$0	$0
CINDY MAYS TERM ENDED 6302025	PRESIDENT	2.00	Officer Director	$0	$0	$0
FRED GRUNDER	DIRECTOR	2.00	Director	$0	$0	$0
TED MAROLF	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT MILLER	DIRECTOR	2.00	Director	$0	$0	$0
GARY MOELLER	DIRECTOR	2.00	Director	$0	$0	$0
BOB OWEN	DIRECTOR	2.00	Director	$0	$0	$0
SARA SEDLACEK	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
DAWN SMITH	TREAS.(PRES-	2.00	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	$9,865,084	$10,355,819	$13,720,285	$-490,735
2024	$9,235,271	$9,988,141	$14,135,610	$-752,870
2023	$8,294,743	$9,242,718	$14,819,320	$-947,975
2022	$9,351,091	$8,916,865	$15,879,383	$434,226
2021	$9,676,589	$8,745,414	$16,022,479	$931,175
2020	$9,306,594	$8,401,040	$16,193,522	$905,554
2019	$8,710,261	$8,244,422	$14,447,144	$465,839