NORTHFIELD RETIREMENT COMMUNITIES

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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

1970

Legal Domicile

Principal Officer

DAVID JENKINS

Phone

3086324342

Tax Period

2024-05-01 to 2025-04-30

NORTHFIELD RETIREMENT COMMUNITIES, founded in 1970, is a mid-sized nonprofit in the Health Care sector that reported $11.1M in total revenue in fiscal year 2024.

Mission

TO OFFER LIFE CARE AND OTHER QUALITY RETIREMENT LIVING CHOICES FOR OUR COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $8,535,323 Revenue: $10,716,427

PROVIDING LIFE CARE FACILITIES FOR OCCUPANTS OF 90 RESIDENTIAL RETREMENTS APARTMENTS AND 42 ASSISTED LIVING UNITS, AND NURSING CARE TO RESIDENTS OF THE 66-BED HEALTH CARE FACILITY.

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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 $55,002

Program Service Revenue $10,716,427

Investment Income $232,593

Other Revenue $113,406

TOTAL REVENUE $11,117,428

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,549,750

Fundraising Expenses $0

Program Expenses $8,535,323

Other Expenses $5,833,699

TOTAL EXPENSES $11,383,449

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,117,428	$10,407,881	+0.1%
Expenses	$11,383,449	$10,440,770	+0.1%
Net Income	$-266,021	$-32,889	+7.1%

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

219

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

$301,147

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID JENKINS	PRESIDENT	1.50	Officer Director	$0	$0	$0
ANDY DOLL	VICE PRESIDENT	1.50	Officer Director	$0	$0	$0
SHARYN WOHLERS	TREASURER	1.50	Officer Director	$0	$0	$0
GRANT HINZE	BOARD MEMBER	1.50	Director	$0	$0	$0
CONNIE RUSSEL	BOARD MEMBER	1.50	Director	$0	$0	$0
BILL KNAPPER	BOARD MEMBER	1.50	Director	$0	$0	$0
DAN SMITH	BOARD MEMBER	1.50	Director	$0	$0	$0
KEELI KLEIN	BOARD MEMBER	1.50	Director	$0	$0	$0
DAVID SCHAFF	BOARD MEMBER	1.50	Director	$0	$0	$0
JOE SCHUMACHER	BOARD MEMBER	1.50	Director	$0	$0	$0
BILL JOHNSON	CHIEF EXECUTIVE OFFICER	45.00	Officer	$139,159	$17,580	$156,739
SHAINA STRICKER	CHIEF FINANCIAL OFFICER	45.00	Officer	$132,028	$12,380	$144,408
SEAN JOHNSON	EMPLOYEE	40.00	Highest	$151,229	$0	$151,229

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	$11,117,428	$11,383,449	$16,490,003	$-266,021
2024	$10,407,881	$10,440,770	$15,623,682	$-32,889
2023	$11,407,719	$10,966,655	$14,909,324	$441,064
2022	$9,168,864	$9,598,103	$13,048,953	$-429,239
2021	$9,326,858	$8,573,005	$14,822,529	$753,853
2020	$8,893,975	$8,664,623	$14,300,567	$229,352
2019	$8,915,368	$8,498,977	$14,740,628	$416,391