OAK CREST VILLAGE 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

1994

Legal Domicile

Principal Officer

STEPHANIE REEL

Phone

4106651000

Tax Period

2023-01-01 to 2023-12-31

OAK CREST VILLAGE INC, founded in 1994, is a mid-sized nonprofit in the Human Services sector that reported $99.6M in total revenue in fiscal year 2023. Expenses of $113.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - OAK CREST VILLAGE, INC. CELEBRATES AGING! GROUNDED IN INCLUSION, INNOVATION AND ADVOCACY, WE CREATE UNPARALLELED VALUE AND OPPORTUNITIES FOR EVERY LIFE WE TOUCH. AS PART OF THE NATIONAL SENIOR COMMUNITIES ENTERPRISE, WE LEVERAGE OUR STRONG FINANCIAL FOUNDATION AND GOVERNANCE FOR THE BENEFIT OF SENIORS AND THOSE WHO SUPPORT THEM.

Program Service Accomplishments

Program 1

Expenses: $97,787,665 Revenue: $96,512,480

OAK CREST VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, ALL OF WHOM RESIDE IN 1,451 INDEPENDENT LIVING UNITS, 129 ASSISTED LIVING UNITS, 120 SKILLED NURSING BEDS AND 40 MEMORY CARE BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO, HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,210,800

Program Service Revenue $96,512,480

Investment Income $458,006

Other Revenue $414,162

TOTAL REVENUE $99,595,448

Expense Breakdown

Grants Paid $295,235

Salaries & Benefits $50,777,693

Fundraising Expenses $191,049

Program Expenses $97,787,665

Other Expenses $62,401,313

TOTAL EXPENSES $113,474,241

Year-over-Year Comparison

	2023	2022	Change
Revenue	$99,595,448	$93,395,902	+0.1%
Expenses	$113,474,241	$106,573,612	+0.1%
Net Income	$-13,878,793	$-13,177,710	+0.1%

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

1731

Volunteers

421

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

$972,958

Total Directors

$1,340,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT PALEWICZ	RESIDENT DIRECTOR (THRU 3/31/23)	0.20	Director	$0	$0	$0
ARNOLD SPEERT	DIRECTOR (THRU 3/31/23)	0.10	Director	$0	$0	$22,500
BARBARA C BISGAIER	DIRECTOR	0.20	Director	$0	$0	$110,000
C JACKSON BAIN	DIRECTOR (THRU 3/31/23)	0.10	Director	$0	$0	$22,500
DIEGO MERIDA	RESIDENT DIRECTOR (BEG 4/1/23)	0.20	Director	$0	$0	$0
EILEEN G ERSTAD	TREASURER	0.20	Officer Director	$0	$0	$167,500
IAN BROWN	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
MARY D COLINS	SECRETARY	0.10	Officer Director	$0	$0	$150,000
MICHAEL W ROSKIEWICZ	DIRECTOR	0.10	Director	$0	$0	$110,000
MONTY C LEONARD	VICE CHAIR & VICE PRESIDENT	0.20	Officer Director	$0	$0	$87,500
PAMELA D PAULK	DIRECTOR	0.10	Director	$0	$0	$87,500
PATRICIA M BROWN	DIRECTOR	0.10	Director	$0	$0	$87,500
REV DR ZINA JACQUE	DIRECTOR	0.10	Director	$0	$0	$215,000
RUSSELL SHARP	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
STEPHANIE L REEL	CHAIR & PRESIDENT	0.50	Officer Director	$0	$0	$150,000
CHRIS RATHMANN	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
JOHN HALL	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
LISA WYBORSKI	DIRECTOR, FINANCE	40.00	Officer	$142,391	$9,450	$151,841
MARK EMBLEY	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
MARK ROUSSEY	EXECUTIVE DIRECTOR	40.00	Officer	$245,342	$20,775	$266,117
NEAL GANTERT	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
BERNARD MWAURA	SUPERVISOR, RN NURSING	40.00	Highest	$148,949	$12,327	$161,276
VICTORINE BINDA	REGISTERED NURSE	40.00	Highest	$173,061	$3,582	$176,643
TOM DIFILIPPO	MANAGER, REHABILITATION	40.00	Highest	$138,173	$15,834	$154,007
SHARON SINGH	DIRECTOR, NURSING	40.00	Highest	$134,740	$3,696	$138,436
SIMISOLA KASSIM	LICENSED PRACTICAL NURSE (FLOAT)	40.00	Highest	$134,370	$72	$134,442

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
2024	No data	No data	No data	No data
2023	$99,595,448	$113,474,241	$470,365,996	$-13,878,793
2022	$93,395,902	$106,573,612	$443,607,823	$-13,177,710
2021	$90,971,954	$101,093,710	$495,556,334	$-10,121,756
2020	$90,865,076	$101,823,531	$475,545,258	$-10,958,455
2019	$92,752,531	$101,377,185	$424,538,804	$-8,624,654
2018	$90,736,474	$96,822,922	$401,382,461	$-6,086,448