BROADMEAD INC (EIN 521056690) - 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

1976

Legal Domicile

Principal Officer

JENNIFER SCHILPP

Phone

4435788001

Tax Period

2024-07-01 to 2025-06-30

BROADMEAD INC, founded in 1976, is a mid-sized nonprofit in the Human Services sector that reported $51.6M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. The organization ran a surplus of $8.8M, a strong 17% operating margin.

Mission

PROVIDE HOUSING, NURSING, MEALS, MEDICAL AND SOCIAL CARE, AND CULTURAL ACTIVITIES FOR THE ELDERLY.

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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 $410,461

Program Service Revenue $40,548,961

Investment Income $9,184,535

Other Revenue $1,435,053

TOTAL REVENUE $51,579,010

Expense Breakdown

Grants Paid $439,988

Salaries & Benefits $20,595,938

Fundraising Expenses $230,333

Program Expenses $32,008,055

Other Expenses $21,694,945

TOTAL EXPENSES $42,730,871

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,579,010	$43,047,887	+0.2%
Expenses	$42,730,871	$39,314,045	+0.1%
Net Income	$8,848,139	$3,733,842	+1.4%

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

478

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

$935,108

Total Directors

Key Employees

$1,516,071

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KERENSA ZIMMERMAN	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
ROBERT WHITE	VICE CHAIR (UNTIL 10/24)	1.00	Officer Director	$0	$0	$0
WILLIAM BREAKEY	RECORDING CLERK	1.00	Officer Director	$0	$0	$0
JEFFREY ASH	TRUSTEE	1.00	Director	$0	$0	$0
CAROL CURROTTO	TRUSTEE	1.00	Director	$0	$0	$0
DARREN LACEY	TRUSTEE	1.00	Director	$0	$0	$0
ANITA LANGFORD	TRUSTEE	1.00	Director	$0	$0	$0
JACKIE MINTZ	TRUSTEE	1.00	Director	$0	$0	$0
DENNIS O'SHEA	TRUSTEE/VICE CHAIR (AS OF 10/24)	1.00	Director	$0	$0	$0
DAVID PRUITT	TRUSTEE	1.00	Director	$0	$0	$0
LARRY REID	TRUSTEE	1.00	Director	$0	$0	$0
STEVE RIVES	TRUSTEE	1.00	Director	$0	$0	$0
STEPHANIE SCHARPF	TRUSTEE	1.00	Director	$0	$0	$0
GLEN TIPTON	TRUSTEE	1.00	Director	$0	$0	$0
JASON FRANK	TRUSTEE	1.00	Director	$0	$0	$0
JAY PRINCE	PRESIDENT/CEO (FROM 10/24)	38.00	Officer	$97,904	$0	$97,904
ROBIN SOMERS	PRESIDENT/CEO (UNTIL 09/24)	38.00	Officer	$409,881	$20,896	$430,777
JENNIFER SCHILPP	TREASURER/CFO	38.00	Officer	$388,606	$17,821	$406,427
KRISTY KRUEGER	VP OF SALES & MARKETING	40.00	Key Emp	$294,003	$17,790	$311,793
YOLANDA JOHNSON	CHIEF OPERATING OFFICER	40.00	Key Emp	$286,490	$17,821	$304,311
ANN PATTERSON	VP OF HEALTH SERVICES	40.00	Key Emp	$259,496	$18,807	$278,303
JOYCE MALONE	VP OF FACILITIES	40.00	Key Emp	$184,526	$17,867	$202,393
GINA MATHIAS	VP OF SUSTAINABILITY	40.00	Key Emp	$206,573	$4,135	$210,708
ELEANOR LANDAUER	VP OF ADVANCEMENT/COMMUNIC	40.00	Key Emp	$202,350	$6,213	$208,563
GEORGE PATTEE	DIRECTOR OF BUSINESS INTELLIGENCE	40.00	Highest	$130,554	$28,976	$159,530
ALISON SINCLAIR	REGISTERED NURSE	40.00	Highest	$137,813	$25,507	$163,320
DANIEL HALL	DIRECTOR OF DINING	40.00	Highest	$129,202	$20,672	$149,874
CHARLINE VINSON	RN SUPERVISOR	40.00	Highest	$134,778	$12,943	$147,721
ROSETTA ANDERSON	REGISTERED NURSE	40.00	Highest	$138,242	$769	$139,011

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	$51,579,010	$42,730,871	$224,960,796	$8,848,139
2024	$43,047,887	$39,314,045	$216,082,681	$3,733,842
2023	$36,964,638	$36,783,986	$207,976,740	$180,652
2022	$37,891,159	$32,052,594	$198,670,500	$5,838,565
2021	$38,038,653	$28,332,393	$212,067,178	$9,706,260
2020	$30,617,203	$26,589,525	$190,586,421	$4,027,678
2019	$29,493,921	$25,962,690	$185,724,942	$3,531,231
2018	$29,180,866	$25,460,381	$108,601,127	$3,720,485

BROADMEAD INC