HOMEWOOD RETIREMENT CENTERS INC (EIN 521892688) - 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

1994

Legal Domicile

Principal Officer

WENDY S CRAMPTON

Phone

3015821626

Tax Period

2023-01-01 to 2023-12-31

HOMEWOOD RETIREMENT CENTERS INC, founded in 1994, is a community nonprofit in the Housing & Shelter sector that reported $8.3M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $7.5M left a modest 10% surplus.

Mission

HOMEWOOD'S MISSION IS TO PROVIDE COMPASSIONATE, PROFESSIONAL AND CARING SERVICE IN ORDER TO ENHANCE THE QUALITY OF LIFE FOR RESIDENTS, CLIENTS AND CO-WORKERS.

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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 $417,059

Program Service Revenue $0

Investment Income $802,049

Other Revenue $7,044,906

TOTAL REVENUE $8,264,014

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,130,691

Fundraising Expenses $0

Program Expenses $206,097

Other Expenses $2,327,576

TOTAL EXPENSES $7,458,267

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,264,014	$7,059,734	+0.2%
Expenses	$7,458,267	$7,170,317	+0.0%
Net Income	$805,747	$-110,583	-8.3%

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

1546

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

$2,446,439

Total Directors

$985,629

Key Employees

$740,083

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THAD ROTHROCK	PRESIDENT/CE	40.00	Officer Director	$858,164	$127,465	$985,629
RICHARD P MILLER	VP OPERATION	40.00	Officer	$520,847	$51,889	$572,736
WENDY S CRAMPTON	VP FINANCE/C	40.00	Officer	$478,323	$61,374	$539,697
MICHAEL KOLIAS	VP TECHNOLOG	40.00	Key Emp	$355,786	$28,876	$384,662
LISA D DEFIBAUGH	VP MARKETING	40.00	Key Emp	$310,536	$44,885	$355,421
LINFORD YODER	VP HUMAN RES	40.00	Officer	$307,201	$41,176	$348,377
STEVEN L PLASTERER	DIRECTOR PUR	40.00	Highest	$179,699	$27,904	$207,603
JOHNNA MARX	DIR CLINICAL	40.00	Highest	$186,710	$18,172	$204,882
HEATHER GROSS	FINANCIAL PL	40.00	Highest	$156,970	$16,752	$173,722
SALLY A HELCH	DIR. OF HEAL	40.00	Highest	$140,143	$7,063	$147,206
CHARLES SMITH	DIR. OF CONS	40.00	Highest	$111,711	$14,452	$126,163
DOUGLAS BECKER	SECRETARY	1.00	Officer Director	$0	$0	$0
RICHARD BICE	DIRECTOR	1.00	Director	$0	$0	$0
JUDY L WINFIELD HANCOCK	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE HILL	DIRECTOR	1.00	Director	$0	$0	$0
MIKE LINE	DIRECTOR	1.00	Director	$0	$0	$0
G STEVEN MCKONLY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KARL MORRIS	DIRECTOR	1.00	Director	$0	$0	$0
KEN NOREEN	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK PERRY	DIRECTOR	1.00	Director	$0	$0	$0
RANDY SCOTT	CHAIR	1.00	Officer Director	$0	$0	$0
RICK SMITH	DIRECTOR	1.00	Director	$0	$0	$0

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	$8,264,014	$7,458,267	$49,451,590	$805,747
2022	$7,059,734	$7,170,317	$47,242,308	$-110,583
2021	$6,238,991	$5,759,562	$50,217,703	$479,429
2020	$29,670,665	$5,248,112	$49,428,098	$24,422,553
2019	$5,373,462	$5,184,888	$2,434,558	$188,574

HOMEWOOD RETIREMENT CENTERS INC