WESTMINSTER, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CARROLL LUTHERAN VILLAGE INC, founded in 1981, is a mid-sized nonprofit in the Human Services sector that reported $33.2M in total revenue in fiscal year 2022.
LUTHERAN SOCIAL MINISTRIES IS ORGANIZED TO RECEIVE AND ADMINISTER FUNDS FOR, TO ESTABLISH, MAINTAIN, SUPERVISE, COORDINATE, ASSIST AND PERFORM PLANNING AND OTHER FUNCTIONS FOR THE BENEFIT OF, OR TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND SERVICE PURPOSES OF THE SUPPORTED ORGANIZATIONS.
RESIDENTAL LIVING - THE VILLAGE OFFERS SENIORS 60 YEARS OF AGE AND OLDER ACCESS TO QUALITY SERVICES ON A BEAUTIFULLY MAINTAINED CAMPUS WHERE QUALITY OF LIFE AND A SPIRIT OF COMMUNITY ARE EMPHASIZED...
RESIDENTAL LIVING - THE VILLAGE OFFERS SENIORS 60 YEARS OF AGE AND OLDER ACCESS TO QUALITY SERVICES ON A BEAUTIFULLY MAINTAINED CAMPUS WHERE QUALITY OF LIFE AND A SPIRIT OF COMMUNITY ARE EMPHASIZED. RESIDENTS MAY SELECT ACCOMMODATIONS FROM A WIDE RANGE OF UNIT SIZES WITH ENTRANCE FEES FOR THE MAJORITY OF UNITS BELOW THE U.S. MEDIAN HOME PRICE. HEALTH, WELLNESS, AND FITNESS PROGRAMMING IS INCLUDED IN MONTHLY FEES. RESIDENTS ARE ENCOURAGED TO ENGAGE IN ALL ASPECTS OF WELLNESS. RESIDENTS HAVE ACCESS TO ON SITE MEDICAL SERVICES. THE VILLAGE RESIDENTIAL LIVING PROGRAM HAD 121,845 CENSUS DAYS DURING THE YEAR, WHICH REPRESENTS 84.30% OCCUPANCY.
HEALTH CARE AND ASSISTED LIVING - THE VILLAGE PROVIDES QUALITY, SKILLED NURSING CARE, LONG TERM CARE AND ASSISTED LIVING IN A COMFORTABLE, HOMELIKE ENVIRONMENT TO ALL RESIDENTS, INCLUDING THOSE WHO...
HEALTH CARE AND ASSISTED LIVING - THE VILLAGE PROVIDES QUALITY, SKILLED NURSING CARE, LONG TERM CARE AND ASSISTED LIVING IN A COMFORTABLE, HOMELIKE ENVIRONMENT TO ALL RESIDENTS, INCLUDING THOSE WHO HAVE OUTLIVED THEIR ASSETS (PROVIDED APPROPRIATE STEWARDSHIP). EARNINGS FROM A RESTRICTED ENDOWMENT ARE USED TO SUBSIDIZE RESIDENTS AS NEEDS ARE DEMONSTRATED. THE VILLAGE PARTICIPATES IN MEDICARE AND MEDICAID PROGRAMS AND ACCEPTS REIMBURSEMENT FOR CARE THAT DOES NOT FULLY COVER COSTS. THE VILLAGE HEALTH CARE CENTER HAD 22,830 HEALTHCARE CENSUS DAYS, WHICH REPRESENTS 60.73% OCCUPANCY, AND 14,487 ASSISTED LIVING CENSUS DAYS, WHICH REPRESENTS 79.38% OCCUPANCY.
ADDITIONAL SUPPORT SERVICES - ALL LEVELS OF CARE ARE SUPPORTED BY ON-CAMPUS ACCESS TO MEDICAL CARE (INCLUDING PRIMARY CARE PHYSICIAN, PODIATRY, DERMATOLOGY, AUDIOLOGY, LAB SERVICES AND RADIOLOGY)...
ADDITIONAL SUPPORT SERVICES - ALL LEVELS OF CARE ARE SUPPORTED BY ON-CAMPUS ACCESS TO MEDICAL CARE (INCLUDING PRIMARY CARE PHYSICIAN, PODIATRY, DERMATOLOGY, AUDIOLOGY, LAB SERVICES AND RADIOLOGY), THERAPY SERVICES, NUTRITIONAL FOOD SERVICE, HOME HEALTH SERVICES, DIVERSE RELIGIOUS SERVICES, TRANSPORTATION, MAINTENANCE, HOUSEKEEPING, AND LAUNDRY SERVICES. ORGANIZATIONAL GOVERNANCE IS ACCOMPLISHED THROUGH A PROCESS THAT ENCOURAGES RESIDENT PARTICIPATION.CARROLL LUTHERAN VILLAGE IS DEDICATED NOT ONLY TO ITS RESIDENTS, BUT ALSO TO ITS STAFF, THE HEALTH PROFESSIONS, AND THE COMMUNITY AT LARGE. RESIDENTS CONDUCT AN ANNUAL APPEAL TO RAISE FUNDS FOR STAFF SCHOLARSHIPS. SUNDAY CHAPEL OFFERINGS ARE OFTEN DESIGNATED TO PROVIDE FINANCIAL SUPPORT WHERE IT IS CRITICALLY NEEDED. A COMPASSIONATE RESPONSE FUND EXISTS AND IS ADMINISTRERED WITHIN THE GOVERNANCE STRUCTURE. THE VILLAGE OFFERS SUPPORT TO OTHER NON-PROFIT ORGANIZATIONS BY ENCOURAGING STAFF AND RESIDENTS TO ACT IN VOLUNTEER, ADVISORY OR BOARD ROLES.LOCAL COLLEGES ARE SUPPORTED FINANCIALLY, SPECIFICALLY TO ENHANCE PROGRAMS THAT TRAIN AND DEVELOP SKILLED HEALTHCARE PROFESSIONALS. THE LOCAL HOSPITAL IS SUPPORTED FINANCIALLY AS WE ARE ENGAGED IN A GROWING, MUTUALLY BENEFICIAL PARTNERSHIP TO PROVIDE QUALITY HEALTHCARE SERVICES AND INFORMATION TO RESIDENTS OF CARROLL LUTHERAN VILLAGE AND TO MEMBERS OF THE GREATER COMMUNITY IN NEED OF HEALTHY AGING SUPPORT.INTERNALLY, MEETING SPACE ON THE CAMPUS IS OFFERED FOR USE BY NON-PROFIT COMMUNITY GROUPS. CLINICAL TRAINING IS PROVIDED FOR LOCAL COLLEGES AND TECH SCHOOLS. MORE SPECIFICALLY, THE VILLAGE SUPPORTS CARROLL COMMUNITY COLLEGE BY HAVING OUR SKILLED NURSING FACILITY SERVE AS THE CLINICAL TRAINING SITE FOR NEW GNAS. WE ALSO PARTNER WITH THE SECONDARY SCHOOL SYSTEM'S CAREER AND TECHNICAL CENTER BY HAVNING GNA INTERNS WORK IN OUR SKILLED AND ASSISTED LIVING UNITS. ORGANIZATIONAL GOVERNANCE IS ACHIEVED BY VOLUNTEER BOARD MEMBERS WITH SKILLSETS THAT COMPLIMENT THE NEED AND MISSION OF THE ORGANIZATION. BOARD MEMBERS INCLUDE TWO RESIDENT BOARD MEMBERS. THE RESIDENT ASSOCIATION IS ENCOURAGED TO PARTNER WITH MANAGEMENT TO ENHANCE RESIDENT LIFE AND OTHER SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2022 | 2021 | Change | |
|---|---|---|---|
| Revenue | $33,173,566 | $33,951,883 | 0.0% |
| Expenses | $34,438,053 | $34,118,190 | +0.0% |
| Net Income | $-1,264,487 | $-166,307 | +6.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DAVID BOLLINGER | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID MORGAN | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| DONALD B MEYERS | SECRETARY/TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHARON MCCLERNAN | BOARD | 2.00 |
Director
|
$0 | $0 | $0 |
| VIRGINIA HARRISON | BOARD | 2.00 |
Director
|
$0 | $0 | $0 |
| DOT SISLER | BOARD | 2.00 |
Director
|
$0 | $0 | $0 |
| JOSEPH CONKLIN | BOARD | 2.00 |
Director
|
$0 | $0 | $0 |
| NEIL SALONEN | BOARD | 2.00 |
Director
|
$0 | $0 | $0 |
| JAMES SCHWARTZ | BOARD | 2.00 |
Director
|
$0 | $0 | $0 |
| JEFFREY W BRANCH | PRESIDENT/CEO | 16.00 |
Officer
|
$0 | $30,183 | $481,612 |
| STEVEN POWELL | VP FINANCE | 16.00 |
Officer
|
$0 | $11,509 | $246,685 |
| KENNETH CONNELLY | VP OF OPERATIONS | 16.00 |
Officer
|
$0 | $21,459 | $219,761 |
| JENNIFER MILLER | DIRECTOR OF HEALTHCARE | 40.00 |
Highest
|
$107,515 | $18,833 | $126,348 |
| KERRIE ROMERIL | DIRECTOR OF NURSING | 40.00 |
Highest
|
$140,415 | $2,616 | $143,031 |
| ROSS BAKER | DIRECTOR OF FACILITIES | 40.00 |
Highest
|
$104,040 | $16,346 | $120,386 |
| ANN MCDERMOTT | ASSOCIATE EXECUTIVE DIRECT | 40.00 |
Highest
|
$139,745 | $12,652 | $152,397 |
| KRISTINA CATON | RN RESIDENT CARE SUPERVISOR | 40.00 |
Highest
|
$123,962 | $4,806 | $128,768 |
| 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 | $33,173,566 | $34,438,053 | $114,532,146 | $-1,264,487 |
| 2022 | $33,951,883 | $34,118,190 | $102,545,420 | $-166,307 |
| 2021 | $37,049,156 | $34,609,167 | $104,149,842 | $2,439,989 |
| 2020 | $33,769,893 | $34,414,044 | $100,772,126 | $-644,151 |
| 2019 | $33,058,074 | $33,161,333 | $99,161,002 | $-103,259 |
| 2018 | $32,759,667 | $33,278,579 | $98,846,219 | $-518,912 |
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