ANNAPOLIS LIFE CARE INC (EIN 521381348) - 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

1988

Legal Domicile

Principal Officer

CHARLES WARNER

Phone

4102667300

Tax Period

2024-07-01 to 2025-06-30

ANNAPOLIS LIFE CARE INC, founded in 1988, is a mid-sized nonprofit in the Human Services sector that reported $31.5M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO OWN AND OPERATE A CONTINUING CARE COMMUNITY FOR CONTRACT HOLDERS OF THE AGE OF 60 AND OLDER.

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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 $1,000

Program Service Revenue $28,728,152

Investment Income $2,520,768

Other Revenue $211,979

TOTAL REVENUE $31,461,899

Expense Breakdown

Grants Paid $0

Salaries & Benefits $15,474,014

Fundraising Expenses $0

Program Expenses $28,045,914

Other Expenses $17,721,848

TOTAL EXPENSES $33,195,862

Year-over-Year Comparison

	2024	2023	Change
Revenue	$31,461,899	$26,935,559	+0.2%
Expenses	$33,195,862	$31,582,965	+0.1%
Net Income	$-1,733,963	$-4,647,406	-0.6%

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

330

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

$391,417

Total Directors

Key Employees

$225,052

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PETER ODENWALD	PRESIDENT (UNTIL 12/4/24)	5.00	Officer Director	$0	$0	$0
SUE WARD	TREASURER & PRESIDENT (SINCE 12/5/24)	5.00	Officer Director	$0	$0	$0
KAREN COFFMAN	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
FRANCES HALL	SECRETARY	5.00	Officer Director	$0	$0	$0
JIM BARNETT	DIRECTOR	2.00	Director	$0	$0	$0
LARRY SHUBNELL	DIRECTOR	2.00	Director	$0	$0	$0
JACK EVANS	DIRECTOR	2.00	Director	$0	$0	$0
RACINE WILLIAMS	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT SHERER	DIRECTOR	2.00	Director	$0	$0	$0
JAMES ALLEN	DIRECTOR	2.00	Director	$0	$0	$0
D RAY FISHER	CEO (UNTIL 3/31/25)	40.00	Officer	$324,209	$9,712	$333,921
CHARLES WARNER	CEO (SINCE 2/24/25)	40.00	Officer	$0	$0	$0
WILLIAM E GIBSON JR	CFO (SINCE 8/25/24)	40.00	Officer	$55,324	$2,172	$57,496
PHYLLIS BOULDEN	COO/ADMINISTRATOR	40.00	Key Emp	$205,763	$19,289	$225,052
MARY BETH HOLLY	DIRECTOR OF FINANCE	40.00	Highest	$170,628	$16,303	$186,931
JASON PETRILLO	DIRECTOR OF FACILITIES	40.00	Highest	$133,996	$11,124	$145,120
SHEBA OGIDA	RN SUPERVISOR	40.00	Highest	$131,340	$15,054	$146,394
SHERRY GILDE	DIRECTOR OF SALES & MARKETING	40.00	Highest	$153,475	$13,622	$167,097
PATTY KERRIGAN	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$157,997	$16,838	$174,835

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	$31,461,899	$33,195,862	$117,615,664	$-1,733,963
2024	No data	No data	No data	No data
2023	$26,357,704	$29,426,922	$116,720,776	$-3,069,218
2022	$25,048,971	$25,486,452	$106,144,465	$-437,481
2021	$22,091,355	$24,950,576	$111,044,100	$-2,859,221
2020	$25,267,628	$25,515,579	$102,167,949	$-247,951
2019	$22,099,434	$25,504,544	$97,809,222	$-3,405,110
2018	$27,385,305	$25,326,406	$101,323,157	$2,058,899

ANNAPOLIS LIFE CARE INC