HOMEWOOD AT FREDERICK MD 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 FREDERICK MD INC, founded in 1995, is a mid-sized nonprofit in the Human Services sector that reported $44.9M in total revenue in fiscal year 2023. Expenses of $40.6M left a modest 10% 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 379 INDEPENDENT LIVING COTTAGES AND APARTMENTS, 56 ASSISTED LIVING SUITES, AND A 120-BED HEALTH CARE CENTER FOR SKILLED AND SPECIAL MEMORY CARE.

Program Service Accomplishments

Program 1

Expenses: $36,104,273 Revenue: $42,943,614

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 $7,573

Program Service Revenue $42,943,614

Investment Income $1,338,012

Other Revenue $590,003

TOTAL REVENUE $44,879,202

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,959,124

Fundraising Expenses $3,299

Program Expenses $36,104,273

Other Expenses $23,621,879

TOTAL EXPENSES $40,581,003

Year-over-Year Comparison

	2023	2022	Change
Revenue	$44,879,202	$43,395,453	+0.0%
Expenses	$40,581,003	$38,341,415	+0.1%
Net Income	$4,298,199	$5,054,038	-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

N/A

Volunteers

279

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

$209,397

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
THAD 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 G MAIN	EXECUTIVE DI	N/A	Key Emp	$189,302	$20,095	$209,397
VICKI L KERIAKOS	DIRECTOR OF	N/A	Highest	$147,556	$29,308	$176,864
MARGARET CLIBER	MARKETING DI	N/A	Highest	$120,536	$27,970	$148,506
RHONDA E EARLEY	QUALITY ASSU	N/A	Highest	$124,748	$15,108	$139,856
ANGELA M HILDEBRAND	ADON	N/A	Highest	$118,478	$21,343	$139,821
EMELIA BOADU	TEAM LEADER-	N/A	Highest	$124,058	$15,060	$139,118
PHIL BOWERS	DIRECTOR	1.00	Director	$0	$0	$0
KARL MORRIS	CHAIR	1.00	Officer Director	$0	$0	$0
KEN NOREEN	DIRECTOR	1.00	Director	$0	$0	$0
DERRICK PERRY	DIRECTOR	1.00	Director	$0	$0	$0
BRUCE ROBERTSON	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	$44,879,202	$40,581,003	$227,972,047	$4,298,199
2022	$43,395,453	$38,341,415	$212,204,655	$5,054,038
2021	$36,512,665	$35,796,026	$186,437,366	$716,639
2020	$38,541,911	$36,394,580	$164,193,661	$2,147,331
2019	$37,293,069	$34,825,259	$152,909,198	$2,467,810
2018	$35,699,905	$33,121,416	$146,925,654	$2,578,489