VIRGINIA MENNONITE RETIREMENT COMM… - 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

1983

Legal Domicile

Principal Officer

JAKE BELL

Phone

5404384225

Tax Period

2023-04-01 to 2024-03-31

VIRGINIA MENNONITE RETIREMENT COMMUNITY INC, founded in 1983, is a community nonprofit in the Housing & Shelter sector that reported $8.3M in total revenue in fiscal year 2023.

Mission

WE ARE A CHRIST-CENTERED COMMUNITY CULTIVATING COMPASSION, INTEGRITY AND RESPECT FOR AGING WELL AND LIVING FULLY.

Program Service Accomplishments

Program 1

Expenses: $7,214,878 Revenue: $7,031,973

PROVIDE MANAGEMENT, ACCOUNTING, COMMUNICATIONS, INFORMATION TECHNOLOGY, AND PERSONNEL SUPPORT SERVICES FOR FOUR RELATED EXEMPT ORGANIZATIONS.

Program 2

Expenses: $364,656 Revenue: $564,750

PROVIDE TELEPHONE, CABLE, HIGH SPEED INTERNET, WASTE MANAGEMENT, TRANSPORTATION AND HOUSEKEEPING SERVICES TO RETIREMENT COMMUNITY RESIDENTS.

Program 3

Expenses: $508,538 Revenue: $510,656

PROVIDE MARKETING AND ADMISSION SERVICES FOR FOUR RELATED EXEMPT ORGANIZATIONS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $34,658

Program Service Revenue $8,107,379

Investment Income $119,133

Other Revenue $-389

TOTAL REVENUE $8,260,781

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,900,482

Fundraising Expenses $0

Program Expenses $8,088,072

Other Expenses $4,322,762

TOTAL EXPENSES $8,223,244

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,260,781	$8,299,259	0.0%
Expenses	$8,223,244	$8,299,261	0.0%
Net Income	$37,537	$-2	-18769.5%

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

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

$207,963

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE PIPER	CFO	40.00	Officer	$188,524	$19,439	$207,963
TROY SNYDER	FORMER CEO	40.00		$185,418	$16,573	$201,991
SCOTT KLEIST	MANAGER	40.00	Highest	$134,279	$0	$134,279
CHARLENE KEITH	MANAGER	40.00	Highest	$123,373	$0	$123,373
DARYL BERT	BOARD MEMBER	1.00	Director	$0	$0	$0
KELLY BLOSSER	TREASURER	1.00	Officer Director	$0	$0	$0
MYRON BLOSSER	BOARD MEMBER	1.00	Director	$0	$0	$0
JACQUELINE R HARTMAN	CHAIR	1.00	Officer Director	$0	$0	$0
HUNTER HOLLAR	BOARD MEMBER	1.00	Director	$0	$0	$0
ALDEN HOSTETTER	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERELLE JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
DEB KING	BOARD MEMBER	1.00	Director	$0	$0	$0
KAY NUSSBAUM	BOARD MEMBER	1.00	Director	$0	$0	$0
RANDY SEITZ	BOARD MEMBER	1.00	Director	$0	$0	$0
NELLY MORENO SHENK	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVE SMUCKER	SECRETARY	1.00	Officer Director	$0	$0	$0
TERESA BOSHART YODER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAKE BELL	CEO	40.00	Officer	$0	$0	$0
J DAVID YODER	INTERIM CEO	40.00	Officer	$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	No data	No data	No data	No data
2024	$8,260,781	$8,223,244	$34,565,658	$37,537
2023	$8,299,259	$8,299,261	$34,934,476	$-2
2022	$10,952,139	$7,378,325	$41,929,223	$3,573,814
2021	$8,073,755	$7,046,707	$42,827,951	$1,027,048
2020	$7,082,628	$7,237,318	$41,772,527	$-154,690
2019	$7,380,660	$7,339,398	$36,965,032	$41,262

VIRGINIA MENNONITE RETIREMENT COMMUNITY INC