RIDERWOOD 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

1998

Legal Domicile

Principal Officer

PATRICIA BROWN

Phone

3015721300

Tax Period

2024-01-01 to 2024-12-31

RIDERWOOD VILLAGE INC, founded in 1998, is a major nonprofit in the Human Services sector that reported $146.2M in total revenue in fiscal year 2024.

Mission

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - RIDERWOOD 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: $134,190,130 Revenue: $141,802,857

RIDERWOOD VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,769 INDEPENDENT LIVING UNITS, 211 ASSISTED LIVING UNITS, 73 SKILLED NURSING UNITS AND 34 MEMORY CARE UNITS. THE...

RIDERWOOD VILLAGE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,769 INDEPENDENT LIVING UNITS, 211 ASSISTED LIVING UNITS, 73 SKILLED NURSING UNITS AND 34 MEMORY CARE UNITS. 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 (2024)

Revenue Breakdown

Contributions & Grants $2,770,050

Program Service Revenue $141,802,857

Investment Income $1,225,379

Other Revenue $407,249

TOTAL REVENUE $146,205,535

Expense Breakdown

Grants Paid $290,492

Salaries & Benefits $70,015,663

Fundraising Expenses $172,709

Program Expenses $134,190,130

Other Expenses $83,614,028

TOTAL EXPENSES $153,920,183

Year-over-Year Comparison

	2024	2023	Change
Revenue	$146,205,535	$136,871,547	+0.1%
Expenses	$153,920,183	$146,307,095	+0.1%
Net Income	$-7,714,648	$-9,435,548	-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

1602

Volunteers

877

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

$1,117,629

Total Directors

$1,417,500

Key Employees

$197,997

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA M BROWN	CHAIR & PRESIDENT	1.30	Officer Director	$0	$0	$90,000
EILEEN G ERSTAD	VICE CHAIR & VP/TREASURER	1.30	Officer Director	$0	$0	$140,000
MARY D COLINS	SECRETARY	0.10	Officer Director	$0	$0	$150,000
BARBARA C BISGAIER	DIRECTOR	0.10	Director	$0	$0	$110,000
IAN BROWN	DIRECTOR	0.10	Director	$0	$0	$80,000
KATHLEEN CLUPPER	DIRECTOR (BEG 4/1/24)	0.10	Director	$0	$0	$65,000
REV DR ZINA JACQUE	DIRECTOR	0.10	Director	$0	$0	$172,500
MONTY C LEONARD	DIRECTOR	0.10	Director	$0	$0	$90,000
MARY MOSCATO	DIRECTOR (BEG 4/1/24)	0.10	Director	$0	$0	$65,000
PAMELA D PAULK	DIRECTOR	0.10	Director	$0	$0	$90,000
STEPHANIE L REEL	DIRECTOR	0.20	Director	$0	$0	$150,000
MICHAEL W ROSKIEWICZ	DIRECTOR	0.10	Director	$0	$0	$135,000
RUSSELL SHARP	DIRECTOR	0.10	Director	$0	$0	$80,000
LINDA W WANNER	RESIDENT DIRECTOR	0.20	Director	$0	$0	$0
CHRIS RATHMANN	ASSISTANT TREASURER (THRU 3/31/24)	1.00	Officer	$0	$0	$0
PAMELA STINER	ASSISTANT TREASURER (BEG 4/1/24)	1.00	Officer	$0	$0	$0
JOHN HALL	ASSISTANT TREASURER	1.00	Officer	$0	$0	$0
MARK EMBLEY	ASSISTANT TREASURER	1.00	Officer	$0	$0	$0
NEAL GANTERT	ASSISTANT TREASURER	1.00	Officer	$0	$0	$0
SCOTT SAWICKI	ASSISTANT SECRETARY (BEG 4/1/24)	0.30	Officer	$0	$37,698	$344,732
DEE DEE GRAY-WEAVER	EXECUTIVE DIRECTOR	40.00	Officer	$237,510	$27,818	$265,328
MICHAEL TADDEI	DIRECTOR, FINANCE (1/1/24-3/1/24)	40.00	Officer	$34,570	$167	$34,737
LANDEN HUFF	DIRECTOR, FINANCE (BEG 3/24)	40.00	Officer	$83,881	$8,951	$92,832
PEACE OKE	DIRECTOR, NURSING	40.00	Key Emp	$190,291	$7,706	$197,997
SHARON FLOWERS-WILLIAMS	HEALTH CARE COUNSELOR	40.00	Highest	$152,229	$11,355	$163,584
KEITH BALLENGER	ADMINISTRATOR, HOME CARE	40.00	Highest	$136,498	$12,210	$148,708
RACHELLE DERAMOS	REHABILITATION ASSISTANT MANAGER	40.00	Highest	$135,066	$5,125	$140,191
OLIVIA ROUNDTREE	GENERAL MANAGER III - CC	40.00	Highest	$134,260	$7,458	$141,718
MAUREEN AMUSO	ASSISTANT ADMINISTRATOR, HOME CARE	40.00	Highest	$132,546	$5,168	$137,714

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	$146,205,535	$153,920,183	$834,196,002	$-7,714,648
2023	$136,871,547	$146,307,095	$778,961,090	$-9,435,548
2022	$128,538,186	$135,620,474	$730,082,996	$-7,082,288
2021	$121,407,935	$132,875,795	$765,520,343	$-11,467,860
2020	$111,726,433	$129,806,516	$745,711,687	$-18,080,083
2019	$123,888,055	$128,052,407	$691,590,363	$-4,164,352
2018	$119,424,959	$124,709,269	$650,234,777	$-5,284,310