HOMEWOOD AT HANOVER PA 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

1995

Legal Domicile

Principal Officer

WENDY S CRAMPTON

Phone

3015821626

Tax Period

2023-01-01 to 2023-12-31

HOMEWOOD AT HANOVER PA INC, founded in 1995, is a mid-sized nonprofit in the Human Services sector that reported $34.5M in total revenue in fiscal year 2023. Expenses of $32.2M left a modest 6% surplus.

Mission

THE COMPANY PRIMARILY PROVIDES A CONTINUUM OF CARE FOR ELDERLY PERSONS IN A RETIREMENT COMMUNITY AND A HEALTH CARE CENTER. THE FACILITY CONTAINS 303 INDEPENDENT LIVING COTTAGES AND APARTMENTS, 91 ASSISTED LIVING SUITES, AND A 120-BED HEALTH CARE CENTER FOR SKILLED AND SPECIAL MEMORY CARE.

Program Service Accomplishments

Program 1

Expenses: $28,460,736 Revenue: $33,789,140

MAINTENANCE OF NURSING AND ASSISTED LIVING FACILITIES AND PROVISION OF SERVICES TO RESIDENTS, INCLUDING FREE CARE TO THOSE WHOSE PERSONAL FUNDS HAVE BEEN DEPLETED. MAINTENANCE OF RESIDENT COMMUNITIES...

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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 $211,827

Program Service Revenue $33,789,140

Investment Income $447,238

Other Revenue $7,595

TOTAL REVENUE $34,455,800

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,529,979

Fundraising Expenses $131,616

Program Expenses $28,460,736

Other Expenses $14,708,320

TOTAL EXPENSES $32,238,299

Year-over-Year Comparison

	2023	2022	Change
Revenue	$34,455,800	$32,378,090	+0.1%
Expenses	$32,238,299	$30,555,723	+0.1%
Net Income	$2,217,501	$1,822,367	+0.2%

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

N/A

Volunteers

198

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

$572,736

Key Employees

$212,172

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THAD D ROTHROCK	PARENT PRESI	0.00	Officer	$0	$127,465	$985,629
RICHARD P MILLER	PRES./VP OPE	1.00	Officer Director	$0	$51,889	$572,736
WENDY S CRAMPTON	SEC/TREAS/VP	1.00	Officer	$0	$61,374	$539,697
LINFORD J YODER	VP-HUMAN RES	0.00	Officer	$0	$41,176	$348,377
KAREN M COLEMAN	EXECUTIVE DI	40.00	Key Emp	$184,606	$27,566	$212,172
CHARITY A SHANABROOK	DIRECTOR OF	40.00	Highest	$147,465	$7,376	$154,841
DIANE M NELO	DIETITIAN	40.00	Highest	$110,044	$19,292	$129,336
VICTORIA GILL	HEAD NURSE -	40.00	Highest	$100,608	$18,853	$119,461
KRISTEN HAMMOND	HOUSE SUPERV	40.00	Highest	$106,301	$5,453	$111,754
DOUGLAS BECKER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ALLEN BITTINGER	DIRECTOR	1.00	Director	$0	$0	$0
REV ROY FAUTH	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE HILL	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL LOSER	DIRECTOR	1.00	Director	$0	$0	$0
G STEVEN MCKONLY	CHAIR	1.00	Officer 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	$34,455,800	$32,238,299	$63,502,181	$2,217,501
2022	$32,378,090	$30,555,723	$59,534,027	$1,822,367
2021	$33,288,421	$29,708,737	$59,071,690	$3,579,684
2020	$33,597,812	$29,589,791	$55,384,939	$4,008,021
2019	$31,216,993	$29,067,704	$84,997,535	$2,149,289
2018	$29,266,425	$26,737,460	$83,795,716	$2,528,965