ANNAPOLIS, MD
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
OUR VISION - A PREMIER LIFE-CARE COMMUNITY COMMITTED TO QUALITY. OUR MISSION - TO PROVIDE RESIDENTS AN ABUNDANT LIFE. OUR VALUES - RESIDENT INDEPENDENCE, DIGNITY, SECURITY, STAFF EXCELLENCE, BUSINESS INTEGRITY, AND FISCAL PRUDENCE.
ANNAPOLIS LIFE CARE, INC. OPERATES A LIFE-CARE COMMUNITY WHICH OFFERS THREE LEVELS OF CARE. THESE CONSIST OF INDEPENDENT LIVING, ASSISTED LIVING, AND NURSING. INDEPENDENT LIVING - THE ORGANIZATION...
ANNAPOLIS LIFE CARE, INC. OPERATES A LIFE-CARE COMMUNITY WHICH OFFERS THREE LEVELS OF CARE. THESE CONSIST OF INDEPENDENT LIVING, ASSISTED LIVING, AND NURSING. INDEPENDENT LIVING - THE ORGANIZATION PROVIDES HOUSING FOR CERTAIN CONTRACT HOLDERS, HEALTH CARE, AND RECREATIONAL ACTIVITIES FOR SENIOR CITIZENS WHO ARE STILL ABLE TO MAINTAIN AN ACTIVE LIFESTYLE. THERE WERE 232 INDEPENDENT LIVING UNITS AVAILABLE WITH AN AVERAGE OCCUPANCY RATE OF 97.2%.
SKILLED NURSING - THE ORGANIZATION HAS A 55-BED COMPREHENSIVE CARE COMMUNITY HEALTH CENTER FOR RESIDENTS WHO REQUIRE A HIGH LEVEL OF SKILLED NURSING ASSISTANCE. TEMPORARY AND PERMANENT CARE DAYS...
SKILLED NURSING - THE ORGANIZATION HAS A 55-BED COMPREHENSIVE CARE COMMUNITY HEALTH CENTER FOR RESIDENTS WHO REQUIRE A HIGH LEVEL OF SKILLED NURSING ASSISTANCE. TEMPORARY AND PERMANENT CARE DAYS TOTALED 16,127.
ASSISTED LIVING - THIS PROGRAM IS FOR SENIOR CITIZENS WHO MAY NEED ADDITIONAL HELP TO MAINTAIN A HEALTHY LIFESTYLE BUT WHO DO NOT REQUIRE SKILLED NURSING. THE ORGANIZATION HAS 50 UNITS FOR ASSISTED...
ASSISTED LIVING - THIS PROGRAM IS FOR SENIOR CITIZENS WHO MAY NEED ADDITIONAL HELP TO MAINTAIN A HEALTHY LIFESTYLE BUT WHO DO NOT REQUIRE SKILLED NURSING. THE ORGANIZATION HAS 50 UNITS FOR ASSISTED LIVING, 15 MEMORY CARE UNITS, AND 6 BEDS IN THE HEALTH CENTER WHICH PROVIDED A TOTAL OF 19,637 LIFE CARE DAYS.
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)| 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% |
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 |
|---|---|---|---|---|---|---|
| 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 |
| 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 |
Compare ANNAPOLIS LIFE CARE INC with other nonprofits in Maryland and across the country.