Phillips County Retirement Corp

EIN: 481101025 501(c)(3) Health Care

Phillipsburg, KS

Total Revenue
$3,849,165
Total Expenses
$3,515,979
Total Assets
$5,519,703
Net Assets
$3,954,879
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
KS
Principal Officer
Morris Engle
Phone
7855435209
Tax Period
2024-01-01 to 2024-12-31

Phillips County Retirement Corp, founded in 1991, is a community nonprofit in the Health Care sector that reported $3.8M in total revenue in fiscal year 2024. Expenses of $3.5M left a modest 9% surplus.

Mission

Nursing home for the elderly The organization owns and operates an intermediate care nursing facility for the elderly and disabled.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $261,204
Program Service Revenue $3,533,696
Investment Income $54,265
Other Revenue $0
TOTAL REVENUE $3,849,165

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,458,649
Fundraising Expenses $0
Program Expenses $2,918,940
Other Expenses $1,057,330
TOTAL EXPENSES $3,515,979

Year-over-Year Comparison

2024 2023 Change
Revenue $3,849,165 $3,578,852 +0.1%
Expenses $3,515,979 $3,237,486 +0.1%
Net Income $333,186 $341,366 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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
5
Employees
80
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
3
$138,658
Total Directors
5
$0
Key Employees
1
$138,658
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Morris Engle Chairman 2.00
Officer Director
$0 $0 $0
Joel Hiesterman Member 1.00
Director
$0 $0 $0
Eric Witmer Sec/treasurer 1.00
Officer Director
$0 $0 $0
Sherri Baker Member 1.00
Director
$0 $0 $0
Jay Vanderveen Member 1.00
Director
$0 $0 $0
Nathan Glendening Administrator 40.00
Officer Key Emp Highest
$138,658 $0 $138,658
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 $3,849,165 $3,515,979 $5,519,703 $333,186
2023 $3,578,852 $3,237,486 $5,366,526 $341,366
2022 $3,553,282 $3,281,710 $5,006,572 $271,572
2021 $3,411,478 $3,227,954 $5,058,060 $183,524
2020 $4,046,472 $3,477,735 $5,058,891 $568,737
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