MID-ATLANTIC LIFESPAN 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

1996

Legal Domicile

Principal Officer

KEVIN HEFFNER

Phone

4103811176

Tax Period

2024-01-01 to 2024-12-31

MID-ATLANTIC LIFESPAN INC, founded in 1996, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $1.7M left a modest 9% surplus.

Mission

THE ORGANIZATION IS DEDICATED TO PROVIDING LEADERSHIP, ADVOCACY, EDUCATION, COMMUNICATIONS AND RESOURCES TO ITS MEMBERS.

Program Service Accomplishments

Program 1

Expenses: $1,592,430 Revenue: $1,677,793

MID-ATLANTIC LIFESPAN HAS 272 FACILITY MEMBERS AND 116 ASSOCIATE MEMBERS. IT ORGANIZED SEVERAL FREE PEER MEETINGS THROUGHOUT THE STATE ABOUT DISCUSSION TOPICS IMPORTANT TO THE MEMBERSHIP. THE...

MID-ATLANTIC LIFESPAN HAS 272 FACILITY MEMBERS AND 116 ASSOCIATE MEMBERS. IT ORGANIZED SEVERAL FREE PEER MEETINGS THROUGHOUT THE STATE ABOUT DISCUSSION TOPICS IMPORTANT TO THE MEMBERSHIP. THE ORGANIZATION ALSO ADVOCATED FOR ITS MEMBERS ON VARIOUS STATE WORKGROUPS, SUCH AS MADC ADVISORY COMMITTEE, MEDICAID DUAL ELIGIBLE WORKGROUP, HSCRC TOTAL COST OF CARE WORKGROUP AND THE NURSING HOME LIAISON COMMITTEE. LIFESPAN IS THE MAIN LIAISON BEFORE THE MARYLAND GENERAL ASSEMBLY ON LEGISLATIVE AND BUDGET ITEMS BETWEEN SENIOR CARE PROVIDERS AND THE STATE AS WELL AS BEING THE MAIN CONTACT BETWEEN THE SENIOR CARE INDUSTRY AND STATE AGENCIES. IN 2024, LIFESPAN PROVIDED TESTIMONY ON APPROXIMATELY 38 LEGISLATIVE PROPOSALS.(SEE SCHEDULE O FOR CONTINUATION.)IT COMMUNICATES REGULATORY, LEGISLATIVE AND ADVOCACY INFORMATION TO ITS MEMBERS MONTHLY BY EMAILS, WEBINARS, AND E-NEWSLETTERS. THE MONTHLY NEWSLETTER ALSO INFORMS MEMBERS OF CURRENT EVENTS, SHOWCASES OUR PROVIDERS' ACCOMPLISHMENTS AND PROVIDES INFORMATIVE INFORMATION WHICH INCLUDES UPCOMING SEMINARS. LIFESPAN CONNECTED WITH MEMBERS, IN PERSON, VIA ZOOM, AND OTHER VIRTUAL PLATFORMS.

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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 $0

Program Service Revenue $1,677,793

Investment Income $71,936

Other Revenue $116,448

TOTAL REVENUE $1,866,177

Expense Breakdown

Grants Paid $0

Salaries & Benefits $546,171

Fundraising Expenses $0

Program Expenses $1,592,430

Other Expenses $1,156,189

TOTAL EXPENSES $1,702,360

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,866,177	$1,641,439	+0.1%
Expenses	$1,702,360	$1,529,104	+0.1%
Net Income	$163,817	$112,335	+0.5%

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

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

$555,850

Total Directors

$249,963

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN HEFFNER	PRESIDENT/EX-OFFICIO	28.50	Officer Director	$240,175	$9,788	$249,963
KATHY BERNETTI	SVP FINANCE	9.00	Officer	$0	$6,297	$151,828
PAUL MILLER	COO	20.00	Officer	$0	$16,606	$154,059
STANLEY SNOW	CHAIR	1.00	Officer Director	$0	$0	$0
JEFF KAGAN	CHAIR-ELECT	1.00	Officer Director	$0	$0	$0
LESLIE RAY	PAST CHAIR	1.00	Officer Director	$0	$0	$0
KEVIN GOEDEKE	TREASURER	1.00	Officer Director	$0	$0	$0
PATRICK DOYLE	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER ABERGEL	TRUSTEE	1.00	Director	$0	$0	$0
PIERCE CAREY	TRUSTEE	1.00	Director	$0	$0	$0
JONATHAN ELLIS	TRUSTEE	1.00	Director	$0	$0	$0
PHIL GOLDEN	TRUSTEE	1.00	Director	$0	$0	$0
KARIN LAKIN	TRUSTEE	1.00	Director	$0	$0	$0
GIDEON LEISER	TRUSTEE	1.00	Director	$0	$0	$0
LISA LEPPADO	TRUSTEE	1.00	Director	$0	$0	$0
JEFF METZ	TRUSTEE	1.00	Director	$0	$0	$0
HOLLY NORELLI	TRUSTEE	1.00	Director	$0	$0	$0
FELISHA OBERLY	TRUSTEE	1.00	Director	$0	$0	$0
JOANNE REIFSNYDER	TRUSTEE	1.00	Director	$0	$0	$0
KACEY TROYER	TRUSTEE	1.00	Director	$0	$0	$0
SAMIRIA WASHINGTON	TRUSTEE	1.00	Director	$0	$0	$0
DUSTIN FREAS	EX-OFFICIO	1.00	Director	$0	$0	$0
BETH GALIK	EX-OFFICIO	1.00	Director	$0	$0	$0
LYNN GORDON	EX-OFFICIO	1.00	Director	$0	$0	$0
JAMES MAUSER	EX-OFFICIO	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	$1,866,177	$1,702,360	$2,556,019	$163,817
2023	$1,641,439	$1,529,104	$2,232,535	$112,335
2022	$1,332,016	$1,378,609	$2,079,583	$-46,593
2021	$1,228,790	$1,204,393	$1,453,838	$24,397
2020	$884,317	$771,171	$1,487,535	$113,146
2019	$1,242,118	$1,187,945	$1,526,264	$54,173
2018	$1,073,679	$1,059,425	$1,433,096	$14,254