CAPE RETIREMENT COMMUNITY INC (EIN 431039313) - 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

1974

Legal Domicile

Principal Officer

JIMMY WILFERTH

Phone

5733351281

Tax Period

2024-01-01 to 2024-12-31

CAPE RETIREMENT COMMUNITY INC, founded in 1974, is a mid-sized nonprofit that reported $13.9M in total revenue in fiscal year 2024. Expenses of $15.3M exceeded revenue, resulting in a 10% operating deficit.

Mission

OUR MISSION IS TO MINISTER TO AREA SENIORS' NEEDS AS A PREMIER PROVIDER OF HOUSING, HEALTHCARE AND WELLNESS THAT REFLECTS OUR CHRISTIAN VALUES.

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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 $53,400

Program Service Revenue $13,396,548

Investment Income $390,396

Other Revenue $12,313

TOTAL REVENUE $13,852,657

Expense Breakdown

Grants Paid $27,456

Salaries & Benefits $8,054,002

Fundraising Expenses $0

Program Expenses $13,673,128

Other Expenses $7,206,327

TOTAL EXPENSES $15,287,785

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,852,657	$13,497,692	+0.0%
Expenses	$15,287,785	$14,708,466	+0.0%
Net Income	$-1,435,128	$-1,210,774	+0.2%

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

326

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

$357,224

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JIMMY WILFERTH	PRESIDENT /	40.00	Officer	$208,330	$15,217	$223,547
KEITH BOELLER	PAST PRESIDE	20.00	Officer	$125,068	$8,609	$133,677
NANCY BRAY	DIRECTOR	2.00	Director	$0	$0	$0
PAUL CAIRNS	DIRECTOR	2.00	Director	$0	$0	$0
CHRIS EDMONDS	DIRECTOR	2.00	Director	$0	$0	$0
DEBBIE BEUSSINK EUDY	DIRECTOR	2.00	Director	$0	$0	$0
JEANNIE FADLER	CHAIRMAN	2.00	Director	$0	$0	$0
CHARLIE HERBST	PAST CHAIRMA	2.00	Director	$0	$0	$0
JOHN ERIK KLEIN	DIRECTOR	2.00	Director	$0	$0	$0
NANCY MATTINGLY	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN PATTERSON	DIRECTOR	2.00	Director	$0	$0	$0
DEAN REEVES	DIRECTOR	2.00	Director	$0	$0	$0
KEVIN SCHADE	SECRETARY	2.00	Director	$0	$0	$0
CHRIS SIDES	TREASURER	2.00	Director	$0	$0	$0
NEAL TANNER	DIRECTOR	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
2024	$13,852,657	$15,287,785	$24,182,624	$-1,435,128
2023	$13,497,692	$14,708,466	$23,387,477	$-1,210,774
2022	$12,870,693	$13,847,642	$21,611,936	$-976,949
2021	$13,086,279	$13,061,629	$21,715,592	$24,650
2020	$13,565,496	$12,999,938	$20,673,795	$565,558
2019	$13,584,463	$13,732,856	$20,850,866	$-148,393
2018	$13,513,464	$13,488,675	$20,929,181	$24,789

CAPE RETIREMENT COMMUNITY INC