Upstate Senior Living Inc

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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

2003

Legal Domicile

Phone

8643713100

Tax Period

2024-01-01 to 2024-12-31

Upstate Senior Living Inc, founded in 2003, is a mid-sized nonprofit in the Human Services sector that reported $26.5M in total revenue in fiscal year 2024.

Mission

The mission of Upstate Senior Living, Inc. is to be the retirement community of choice by nurturing a distinctive culture of enrichment for its residents.

Program Service Accomplishments

Program 1

Expenses: $25,457,314 Revenue: $24,668,274

The woodlands at Furman has a unique affiliation with Furman University which helps residents stay healthy, connected, and involved. The organization does everything possible to make retirement one of the most rewarding and enriching parts of life by offering a lifestyle that encourages physical, mental, and social growth. The Woodlands has 174 independent living apartments ranging in size from 700 to 2,060 square feet. The woodlands' villas consist of 28 single family homes. for those who need increased care, the woodlands' skilled nursing unit has 30 beds. the community also has 48 assisted living units.

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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 $251,048

Program Service Revenue $24,023,029

Investment Income $1,626,894

Other Revenue $645,245

TOTAL REVENUE $26,546,216

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,778,517

Fundraising Expenses $0

Program Expenses $25,457,314

Other Expenses $16,383,816

TOTAL EXPENSES $27,162,333

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,546,216	$25,284,260	+0.0%
Expenses	$27,162,333	$25,655,511	+0.1%
Net Income	$-616,117	$-371,251	+0.7%

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

458

Volunteers

107

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

$529,788

Total Directors

Key Employees

$234,985

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Bruce Brown	Director	1.0	Officer Director	$0	$0	$0
Dr Landy McCarrell	Secretary	1.0	Officer Director	$0	$0	$0
Mary Lou Merkt	Chair	1.0	Officer Director	$0	$0	$0
Susan Bichel	Treasurer	1.0	Officer Director	$0	$0	$0
Todd Malo	Vice Chair	1.0	Officer Director	$0	$0	$0
Beth J Crigler	Director	1.0	Director	$0	$0	$0
David Johnson	Director	1.0	Director	$0	$0	$0
Francie Heller	Director	1.0	Director	$0	$0	$0
Tad Melton	Director	1.0	Director	$0	$0	$0
Walter Goldsmith	Director	1.0	Director	$0	$0	$0
Bill Falls	CFO	40.0	Officer	$194,911	$35,888	$230,799
James Rick Brackett	CEO	40.0	Officer	$258,136	$40,853	$298,989
Donald Lilly	Executive VP of Operations	40.0	Key Emp	$214,487	$20,498	$234,985
Angela Hecker	Director of Marketing	40.0	Highest	$167,953	$27,493	$195,446
Becky Vuksta	Sr. Director of Operations	40.0	Highest	$130,577	$25,211	$155,788
Christopher Pagliaro	Health Services Administrator	40.0	Highest	$101,936	$4,600	$106,536
Elcainey Baker	Senior Director of Facilities	40.0	Highest	$101,734	$31,993	$133,727
Kathy Young	Controller	40.0	Highest	$109,348	$18,151	$127,499

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	$26,546,216	$27,162,333	$136,047,103	$-616,117
2023	$25,284,260	$25,655,511	$130,609,282	$-371,251
2022	$21,892,551	$24,110,477	$126,972,389	$-2,217,926
2021	$19,336,341	$21,867,075	$125,915,350	$-2,530,734
2020	$18,589,753	$18,950,242	$111,422,308	$-360,489
2019	$15,099,215	$17,116,037	$83,167,208	$-2,016,822
2018	$14,104,282	$16,481,962	$70,303,964	$-2,377,680