MCCREADY FOUNDATION 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

1923

Legal Domicile

Principal Officer

STEPHANIE GARY

Phone

4109681200

Tax Period

2022-07-01 to 2023-06-30

MCCREADY FOUNDATION INC, founded in 1923, is a community nonprofit in the Health Care sector that reported $8.7M in total revenue in fiscal year 2022. Revenue decreased 15% compared to the prior year. Expenses of $13.3M exceeded revenue, resulting in a 53% operating deficit.

Mission

PROVIDE HIGH QUALITY, COMPASSIONATE HEALTHCARE THROUGH AN EFFICIENT AND DIVERSIFIED SERVICE NETWORK, MAINTAINING AND IMPROVING THE HEALTH OF THE PEOPLE AND COMMUNITIES WE SERVE OVER THEIR LIFETIME.

Program Service Accomplishments

Program 1

Expenses: $10,219,103 Revenue: $7,079,290

ALICE BYRD TAWES NURSING AND REHABILITATION CENTER ALICE B TAWES NURSING AND REHABILITATION CENTER IN CRISFIELD, MARYLAND OFFERS INPATIENT SKILLED NURSING SERVICES FOR PATIENTS WHO ARE RECOVERING...

ALICE BYRD TAWES NURSING AND REHABILITATION CENTER ALICE B TAWES NURSING AND REHABILITATION CENTER IN CRISFIELD, MARYLAND OFFERS INPATIENT SKILLED NURSING SERVICES FOR PATIENTS WHO ARE RECOVERING FROM ILLNESS OR INJURY AND AREN'T READY FOR HOME RECOVERY. THEY ALSO OFFER LONG-TERM AND RESPITE CARE OPTIONS FOR RESIDENTS THAT ARE UNABLE TO LIVE INDEPENDENTLY AT HOME. THE FACILITY HAS 76 LICENSED BEDS WITH RESIDENTS LIVING IN PRIVATE OR SEMI-PRIVATE ROOMS.

Program 2

Expenses: $1,743,201 Revenue: $947,083

CHESAPEAKE COVE ASSISTED LIVINGCHESAPEAKE COVE ASSISTED LIVING IS LOCATED IN CRISFIELD, MARYLAND AND OFFERS RESIDENTS FULL-TIME NON-MEDICAL CARE WHILE ENJOYING ARRANGED TRANSPORTATION AND ASSISTANCE WITH THEIR ACTIVITIES OF DAILY LIVING. RESIDENTS CAN PARTICIPATE IN COMMUNITY EVENTS AND ACTIVITIES, SUCH AS GROUP OUTINGS, EXERCISE CLASSES AND MOVIE NIGHTS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $70,000

Program Service Revenue $7,882,330

Investment Income $8,294

Other Revenue $705,559

TOTAL REVENUE $8,666,183

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,319,499

Fundraising Expenses $39,795

Program Expenses $11,962,304

Other Expenses $4,949,357

TOTAL EXPENSES $13,268,856

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,666,183	$10,209,335	-0.2%
Expenses	$13,268,856	$14,232,601	-0.1%
Net Income	$-4,602,673	$-4,023,266	+0.1%

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

N/A

Employees

N/A

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

$1,812,155

Total Directors

$3,077,064

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE I RITCHIE	BOARD MEMBER TO 01/2023	1.00	Officer Director	$0	$163,746	$895,923
LURA LUNSFORD	BOARD MEMBER TO 10/2022	1.00	Director	$0	$68,177	$816,645
STEPHANIE GARY	BOARD MEMBER/CFO AS OF 01/2023	1.00	Officer Director	$0	$43,804	$518,852
JAMES TRUMBLE MD	BOARD MEMBER	1.00	Director	$0	$28,782	$448,264
KATHRYN FIDDLER	CHAIRPERSON	1.00	Officer Director	$0	$42,087	$397,380
CAMESHA SPENCE	FORMER OFFICER TO 02/2020	50.00		$0	$21,325	$211,992
KATHLEEN HARRISON	FORMER PRESIDENT TO 01/2022	50.00		$0	$645	$146,114
SARAH ARNETT	FORMER OFFICER TO 04/2022	0.00		$0	$24,237	$242,019

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	No data	No data	No data	No data
2023	$8,666,183	$13,268,856	$12,102,731	$-4,602,673
2022	$10,209,335	$14,232,601	$12,435,979	$-4,023,266
2021	$8,609,253	$13,022,292	$13,025,961	$-4,413,039
2020	$18,422,073	$22,329,514	$17,904,530	$-3,907,441
2019	$23,847,934	$25,680,258	$20,213,559	$-1,832,324
2018	$24,402,159	$25,840,985	$22,583,707	$-1,438,826