HERON POINT OF CHESTERTOWN INC

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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

1987

Legal Domicile

Principal Officer

GERALD T GRANT

Phone

2156618330

Tax Period

2022-01-01 to 2022-12-31

HERON POINT OF CHESTERTOWN INC, founded in 1987, is a mid-sized nonprofit that reported $18.6M in total revenue in fiscal year 2022. Expenses of $17.2M left a modest 8% surplus.

Mission

AS AN ACTS RETIREMENT-LIFE COMMUNITY, HERON POINT OF CHESTERTOWN, INC. IS COMMITTED TO PROVIDING SECURITY AND PEACE OF MIND TO SENIORS BY BEING THE PRE-EMINENT PROVIDER OF RETIREMENT-LIFE SERVICES, RESPONSIVE TO INDIVIDUAL, SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CHRISTIAN ATMOSPHERE GRACED WITH LOVING-KINDNESS, DIGNITY, SENSITIVITY, HONESTY, AND RESPECT WITHOUT PREJUDICE OR PREFERENCE.

Program Service Accomplishments

Program 1

Expenses: $14,946,090 Revenue: $17,912,924

HERON POINT OF CHESTERTOWN, INC. PROVIDED COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDED INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL...

HERON POINT OF CHESTERTOWN, INC. PROVIDED COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDED INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL SERVICES, SECURITY, HOUSEKEEPING, MAINTENANCE SERVICES AND SOCIAL, CULTURAL, EDUCATIONAL, SPIRITUAL AND RECREATIONAL ACTIVITIES. IN ADDITION, WHEN A RESIDENT'S HEALTH CARE NEEDED CHANGE, HOME HEALTH, ASSISTED LIVING, SKILLED NURSING CARE AND HOSPICE SERVICES WERE AVAILABLE. ALL PHYSICAL ACCOMMODATIONS AND SERVICES WERE PROVIDED UNDER THE TERMS OF A FORMAL LIFECARE AGREEMENT WHICH ALSO ASSURED THAT ASSISTED LIVING AND SKILLED NURSING CARE WERE PROVIDED TO RESIDENTS WHEN THEY NEEDED IT, WITHOUT A CHANGE IN THEIR MONTHLY FEE, THEREBY OFFERING FURTHER SECURITY AND PEACE OF MIND. IN 2022, HERON POINT OF CHESTERTOWN, INC. SERVED, ON AVERAGE, 253 RESIDENTS IN INDEPENDENT LIVING, 26 RESIDENTS IN ASSISTED LIVING AND 26 RESIDENTS IN SKILLED CARE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $136,491

Program Service Revenue $17,912,924

Investment Income $151,801

Other Revenue $400,045

TOTAL REVENUE $18,601,261

Expense Breakdown

Grants Paid $1,100

Salaries & Benefits $7,186,925

Fundraising Expenses $0

Program Expenses $14,946,090

Other Expenses $9,969,501

TOTAL EXPENSES $17,157,526

Year-over-Year Comparison

	2022	2021	Change
Revenue	$18,601,261	$18,371,788	+0.0%
Expenses	$17,157,526	$16,322,929	+0.1%
Net Income	$1,443,735	$2,048,859	-0.3%

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

237

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

$3,976,657

Total Directors

$2,166,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GERALD T GRANT	CEO & VICE CHAIRMAN	1.00	Officer Director	$0	$541,934	$1,360,520
KAREN I CHRISTIANSEN	PRESIDENT & CHAIRMAN	1.00	Officer Director	$0	$212,745	$805,791
DR W JACKSON STENGER	DIRECTOR	2.00	Director	$0	$0	$0
JOHN L ESTERHAI JR MD	DIRECTOR	0.10	Director	$0	$0	$0
H BRUCE DETWEILER	DIRECTOR	0.50	Director	$0	$0	$0
ANNE FORREST	DIRECTOR	0.50	Director	$0	$0	$0
DANIEL W LAWSON II	DIRECTOR	0.50	Director	$0	$0	$0
GLENN D FOX	SECRETARY	2.00	Officer	$0	$360,930	$824,418
JONATHAN D GRANT	ASSISTANT SECRETARY	1.00	Officer	$0	$25,527	$406,827
SUSAN AHERN	TREASURER	1.00	Officer	$0	$30,336	$344,108
PEGGY C VALDIVIA	ASSISTANT TREASURER	0.50	Officer	$0	$26,391	$234,993
ZAKIA HARRIS	NURSE PRACTITIONER	40.00	Highest	$105,425	$7,077	$112,502
KATHLEEN SANDERSON	SENIOR LIFECARE CONSULTANT	40.00	Highest	$107,673	$4,132	$111,805
MELINDA MILLER	NURSE PRACTITIONER	40.00	Highest	$128,994	$5,195	$134,189
KAREN PIOMELLI	DIRECTOR OF CULINARY & NUTRITION SVCS	40.00	Highest	$104,072	$11,363	$115,435
MARY REIHL	DIRECTOR OF FITNESS & REHAB SVCS	40.00	Highest	$100,330	$18,188	$118,518

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
2022	$18,601,261	$17,157,526	No data	$1,443,735
2021	$18,371,788	$16,322,929	$70,848,712	$2,048,859
2020	$16,908,511	$15,741,782	$68,684,396	$1,166,729
2019	$15,652,847	$15,318,563	$68,153,794	$334,284
2018	$15,941,537	$15,447,079	$68,835,258	$494,458