FAHRNEY-KEEDY MEMORIAL HOME INC AKA FAHRNEY-KEEDY HOME AND VILLAGE (EIN 520610464) - 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

1905

Legal Domicile

Principal Officer

STEPHEN COETZEE

Phone

3017336284

Tax Period

2024-01-01 to 2024-12-31

FAHRNEY-KEEDY MEMORIAL HOME INC AKA FAHRNEY-KEEDY HOME AND VILLAGE, founded in 1905, is a mid-sized nonprofit in the Human Services sector that reported $27.2M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

WE ARE COMMITTED TO ENHANCING THE LIVES OF SENIORS THROUGH CARING QUALITY SERVICES. WE ARE A CONTINUING CARE RETIREMENT COMMUNITY (CCRC) WITH INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, AND NURSING SERVICES. THE ORGANIZATION HAS 41 INDEPENDENT LIVING COTTAGES, 24 INDEPENDENT LIVING APARTMENTS, 50 ASSISTED LIVING BEDS, AND A 98 BED SKILLED NURSING FACILITY LOCATED IN BOONSBORO, MARYLAND. IN OCTOBER 2022, THE ORGANIZATION ACQUIRED COFFMAN NURSING HOME, INC. LOCATED IN HAGERSTOWN MARYLAND. COFFMAN IS A 59 BED FACILITY AND PROVIDES SKILLED NURSING CARE AND REHABILITATION SERVICES FOR RESIDENTS.

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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 $672,357

Program Service Revenue $26,297,815

Investment Income $243,360

Other Revenue $8,755

TOTAL REVENUE $27,222,287

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,533,179

Fundraising Expenses $129,995

Program Expenses $25,131,935

Other Expenses $12,853,385

TOTAL EXPENSES $29,386,564

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,222,287	$24,840,421	+0.1%
Expenses	$29,386,564	$28,236,704	+0.0%
Net Income	$-2,164,277	$-3,396,283	-0.4%

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

438

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

$229,364

Total Directors

$229,364

Key Employees

$164,234

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEPHEN COETZEE	PRESIDENT/CE	40.00	Officer Director	$202,915	$26,449	$229,364
TARA DELAUNEY	LPN NURSE MA	40.00	Key Emp	$158,341	$5,893	$164,234
CHARLES SULUREH	GNA	40.00	Highest	$134,805	$7,954	$142,759
SANDRA HENDRICKS	DON	40.00	Highest	$114,280	$22,796	$137,076
BRANDY BRADY	LPN NURSE MA	40.00	Highest	$114,732	$7,634	$122,366
JULIA MCGLAUGHLIN	FMR EXEC DIR	40.00	Highest	$117,858	$3,434	$121,292
YEAKO MENYEN	GNA	40.00	Highest	$115,873	$578	$116,451
CHARLES ANGLE	DIRECTOR	2.00	Director	$0	$0	$0
KAREN ANTHONY	DIRECTOR	2.00	Director	$0	$0	$0
HEATHER BARNES	VP FINANCE	40.00	Officer Director	$0	$0	$0
MARY BOWMAN	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA BUSSARD	DIRECTOR	2.00	Director	$0	$0	$0
JACKIE DRAPER	DIRECTOR	2.00	Director	$0	$0	$0
NANCY EICHELBERGER	DIRECTOR	2.00	Director	$0	$0	$0
DR AARON GEORGE	DIRECTOR	2.00	Director	$0	$0	$0
SUE GRAFF	DIRECTOR	2.00	Director	$0	$0	$0
LESLIE HART	VICE CHAIR	2.00	Director	$0	$0	$0
TYLER HORNBECKER	DIRECTOR	2.00	Director	$0	$0	$0
DAVID LYLES	DIRECTOR	2.00	Director	$0	$0	$0
KATHY MORRISEY	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA MOSSER	DIRECTOR	2.00	Director	$0	$0	$0
DEB PARK	DIRECTOR	2.00	Director	$0	$0	$0
STARLA WARD	DIRECTOR	2.00	Director	$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
2024	$27,222,287	$29,386,564	$42,423,856	$-2,164,277
2023	$24,840,421	$28,236,704	$43,535,741	$-3,396,283
2022	$21,952,430	$21,228,594	$41,276,541	$723,836
2021	$22,110,936	$20,789,173	$38,902,151	$1,321,763
2020	$19,123,622	$19,539,454	$37,679,498	$-415,832
2019	$14,867,171	$15,293,697	$35,238,886	$-426,526
2018	$14,453,188	$14,827,981	$26,465,486	$-374,793

FAHRNEY-KEEDY MEMORIAL HOME INC AKA FAHRNEY-KEEDY HOME AND VILLAGE