LARKSFIELD PLACE RETIREMENT COMMUN… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

MICHAEL HAMBLEY

Phone

3163631000

Tax Period

2024-07-01 to 2025-06-30

LARKSFIELD PLACE RETIREMENT COMMUNITIES INC, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $28.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO OPERATE AND MAINTAN SUITABLE RESIDENT FACILITIES AND SERVICES FOR THE CARE, TREATMENT AND REHABILITATION OF ELDERLY PERSONS, INCLUDING NON-ACUTE HEALTH CARE, IN WHICH QUALITY OF LIFE CAN BE MAINTAINED AT THE LOWEST FEASIBLE COST.

Program Service Accomplishments

Program 1

Expenses: $21,480,810 Revenue: $26,590,319

PROVIDING RESIDENTIAL AND LONG-TERM CARE HEALTH SERVICES, WELLNESS SERVICES AND DISTINCTIVE LIFESTYLE THAT ENRICHES THE LIVES OF ELDERLY PERSONS IN WICHITA, KANSAS AND SURROUNDING AREAS. LARKSFIELD PLACE RETIREMENT COMMUNITY BEGAN OPERATIONS IN NOVEMBER 1984 WITH THE PURPOSE OF PROVIDING A CONTINUUM OF RESIDENTIAL, HEALTH CARE, WELLNESS, SOCIAL, AND COMMUNITY-BASED SERVICES AND PROGRAMS FOR THOSE PERSONS AGE 65 AND OLDER. LARKSFIELD PLACE OFFERS ACOMMODATIONS OF 164 RESIDENTIAL LIVING APARTMENTS OF VARYING SIZES, 22 VILLAS, 72 ASSISTED LIVING APARTMENTS, AND 80 MEDICARE/MEDICAID SKILLED NURSING BEDS THAT MEET THE PHYSICAL, SOCIAL, AND SPIRITUAL NEEDS OF RESIDENTS REQUIRING THESE HIGHER LEVELS OF CARE. RESIDENT CENTERED CARE IS PARAMOUNT TO LARKSFIELD PLACE MISSION. SERVIES INCLUDE SOCIAL WORK SERVICES, HEALTH AND WELLNESS PROGRAMS INCLUDING LAND FITNESS AND AQUATICS PROGRAMS AS WELL AS DIETARY COUNSELING AND MATTERS OF PUBLIC HEALTH CONCERNS.

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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 $1,304,057

Program Service Revenue $26,590,319

Investment Income $415,411

Other Revenue $632,388

TOTAL REVENUE $28,942,175

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,633,489

Fundraising Expenses $0

Program Expenses $21,480,810

Other Expenses $16,465,692

TOTAL EXPENSES $30,099,181

Year-over-Year Comparison

	2024	2023	Change
Revenue	$28,942,175	$26,652,012	+0.1%
Expenses	$30,099,181	$27,854,816	+0.1%
Net Income	$-1,157,006	$-1,202,804	0.0%

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

580

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

$664,243

Total Directors

Key Employees

$220,928

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CONNIE DIETZ	CHAIR	1.00	Officer Director	$0	$0	$0
VIRDENA GILKEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ETAF AWAR	DIRECTOR	1.00	Director	$0	$0	$0
TRISH BRASTED	DIRECTOR	1.00	Director	$0	$0	$0
SHANNON BRAUN	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN BURRUS	DIRECTOR	1.00	Director	$0	$0	$0
CHASE CARTER	DIRECTOR	1.00	Director	$0	$0	$0
STEVE DILLARD	DIRECTOR	1.00	Director	$0	$0	$0
SHEREE UTASH	DIRECTOR	1.00	Director	$0	$0	$0
STEVE YAGER	DIRECTOR	1.00	Director	$0	$0	$0
KIM MOORE	DIRECTOR	1.00	Director	$0	$0	$0
JIM GUSTAVSON	RESIDENT MEMBER	1.00	Director	$0	$0	$0
JIM KUHLMAN	RESIDENT MEMBER	1.00	Director	$0	$0	$0
MARILYN DEBOER	RESIDENT MEMBER	1.00	Director	$0	$0	$0
JOAQUIN SANTOS	DIRECTOR (UNTIL 01/25)	1.00	Director	$0	$0	$0
MICHAEL HAMBLEY	PRESIDENT/CEO	40.00	Officer	$312,245	$23,372	$335,617
NICOLE CAMACHO	SECRETARY (FROM 12/24)	38.00	Officer	$3,750	$0	$3,750
MICHAEL GRIFFIN	TREASURER/CFO	40.00	Officer	$296,814	$28,062	$324,876
KAREN GRIFFIN	VP OF HEALTH SERVICES	38.00	Key Emp	$196,635	$24,293	$220,928
ALEJANDRO NIETO	EXECUTIVE DIRECTOR OF HEALTH CENTER	40.00	Highest	$148,578	$16,949	$165,527
JANE NJAGI	DIRECTOR OF NURSING	40.00	Highest	$127,643	$16,215	$143,858
JUSTIN CLARK	VP OF BUSINESS DEVELOPMENT	40.00	Highest	$123,358	$14,146	$137,504

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	$28,942,175	$30,099,181	$50,466,106	$-1,157,006
2024	No data	No data	No data	No data
2023	$24,054,613	$25,904,336	$52,383,123	$-1,849,723
2022	$23,108,904	$25,323,055	$52,616,618	$-2,214,151
2021	$27,697,106	$31,994,103	$52,859,205	$-4,296,997
2020	$25,373,595	$25,520,811	$56,876,071	$-147,216
2019	$23,915,509	$24,793,535	$55,451,727	$-878,026
2018	$22,960,022	$24,024,482	$57,112,596	$-1,064,460

LARKSFIELD PLACE RETIREMENT COMMUNITIES INC