GENERAL GERMAN AGED PEOPLES HOME OF BALTIMORE (EIN 520591603) - Form 990 Financial Analysis & Trantor Score

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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

1881

Legal Domicile

Principal Officer

MARK BEGGS

Phone

4103396000

Tax Period

2023-01-01 to 2023-12-31

GENERAL GERMAN AGED PEOPLES HOME OF BALTIMORE, founded in 1881, is a mid-sized nonprofit in the Human Services sector that reported $32.6M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

THE GENERAL GERMAN AGED PEOPLE'S HOME OF BALTIMORE IS A MARYLAND NOT-FOR-PROFIT ORGANIZATION THAT OPERATES A CONTINUING CARE RETIREMENT COMMUNITY FOR THE ELDERLY ("EDENWALD"), WHICH WAS OPENED FOR OCCUPANCY IN SEPTEMBER 1985, AND PROVIDES SERVICES THROUGH A COMBINATION OF APARTMENTS, ASSISTED LIVING AND COMPREHENSIVE CARE ACCOMMODATIONS. EDENWALD PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO ARE NOT ABLE TO PAY THEIR MONTHLY FEES. IN 2023, EDENWALD PROVIDED ASSISTANCE OF $267,488 TO 7 RESIDENTS OF THE 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 (2023)

Revenue Breakdown

Contributions & Grants $32,460

Program Service Revenue $32,066,686

Investment Income $533,926

Other Revenue $0

TOTAL REVENUE $32,633,072

Expense Breakdown

Grants Paid $267,488

Salaries & Benefits $16,027,393

Fundraising Expenses $0

Program Expenses $27,972,246

Other Expenses $15,623,251

TOTAL EXPENSES $31,918,132

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,633,072	$28,593,098	+0.1%
Expenses	$31,918,132	$29,283,081	+0.1%
Net Income	$714,940	$-689,983	-2.0%

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

401

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

$635,157

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ANDRI PURKANTO	DIRECTOR	0.00	Director	$0	$0	$0
LAWRENCE S COOK	DIRECTOR	0.00	Director	$0	$0	$0
ASTRID WEXLER	DIRECTOR	0.00	Director	$0	$0	$0
BRUCE J MATTHEISS	DIRECTOR	0.00	Director	$0	$0	$0
FRANCIS B PALUMBO	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT L SEEGER	DIRECTOR	0.00	Director	$0	$0	$0
CORY SILKMAN	DIRECTOR	0.00	Director	$0	$0	$0
DEBRA S WERTHEIMER MD	DIRECTOR/VICE CHAIR	0.00	Officer Director	$0	$0	$0
SCOTT B ENSOR	DIRECTOR/SECRETARY	0.00	Officer Director	$0	$0	$0
TRACY J JACOBS	DIRECTOR	0.00	Director	$0	$0	$0
VINCENT P NESLINE	DIRECTOR/CHAIRMAN	0.00	Officer Director	$0	$0	$0
MICHELE EWING	DIRECTOR	0.00	Director	$0	$0	$0
TIM WESSEL	DIRECTOR	0.00	Director	$0	$0	$0
ANDY MOORE	DIRECTOR	0.00	Director	$0	$0	$0
W CHARLES ROGERS III	DIRECTOR/TREASURER	0.00	Officer Director	$0	$0	$0
WILLIAM L HERMANN	DIRECTOR	0.00	Director	$0	$0	$0
CHARLES WAGNER	DIRECTOR	0.00	Director	$0	$0	$0
MARK BEGGS	PRESIDENT	40.00	Officer	$367,725	$13,394	$381,119
ROLAND DEVASHER	VICE PRESIDENT OF FINANCE	40.00	Officer	$237,385	$16,653	$254,038
STEVEN ROTHWELL	HEALTH CARE ADMINISTRATOR	40.00	Highest	$173,906	$0	$173,906
DIANE STINCHCOMB	MARKETING DIRECTOR	40.00	Highest	$155,684	$10,160	$165,844
AIRA BAUTISTA-ODONNELL	DIRECTOR OF NURSING	40.00	Highest	$148,749	$10,876	$159,625
OLUSEGUN OSHODI	SENIOR LICENSED PRACTICAL	40.00	Highest	$147,066	$7,240	$154,306
DAVID BROWN	VP OF INFORMATION TECHNOLOGY	40.00	Highest	$136,168	$7,240	$143,408

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	No data	No data	No data	No data
2023	$32,633,072	$31,918,132	$116,156,523	$714,940
2022	$28,593,098	$29,283,081	$108,662,751	$-689,983
2021	$30,526,215	$25,159,952	$116,296,468	$5,366,263
2020	$31,276,050	$27,239,355	$113,033,049	$4,036,695
2019	$28,241,482	$29,581,615	$114,793,552	$-1,340,133
2018	$27,193,817	$32,391,015	$110,699,082	$-5,197,198

GENERAL GERMAN AGED PEOPLES HOME OF BALTIMORE