INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY INC

EIN: 530128590 501(c)(3) Human Services

ROCKVILLE, MD

Total Revenue
$36,382,558
Total Expenses
$41,935,591
Total Assets
$264,160,795
Net Assets
$-58,234,430
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1906
Legal Domicile
DC
Principal Officer
JAMES SPENCER
Phone
2023638310
Tax Period
2023-01-01 to 2023-12-31

INGLESIDE PRESBYTERIAN RETIREMENT COMMUNITY INC, founded in 1906, is a mid-sized nonprofit in the Human Services sector that reported $36.4M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $41.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

PROVIDE QUALITY CONTINUING CARE SERVICES TO OLDER ADULTS IN A PRESBYTERIAN-AFFILIATED ORGANIZATION.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,212,000
Program Service Revenue $33,111,697
Investment Income $899,681
Other Revenue $1,159,180
TOTAL REVENUE $36,382,558

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,747,041
Fundraising Expenses $0
Program Expenses $35,784,992
Other Expenses $28,188,550
TOTAL EXPENSES $41,935,591

Year-over-Year Comparison

2023 2022 Change
Revenue $36,382,558 $32,681,707 +0.1%
Expenses $41,935,591 $40,148,984 +0.0%
Net Income $-5,553,033 $-7,467,277 -0.3%
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

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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
327
Volunteers
17

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
8
$1,609,468
Total Directors
16
$0
Key Employees
2
$439,956
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NANCY KUHN CHAIR 1.20
Officer Director
$0 $0 $0
STEVEN WAGNER VICE CHAIRMAN 1.20
Officer Director
$0 $0 $0
JENNIFER CHANDLER HAUGE SECRETARY 1.20
Officer Director
$0 $0 $0
ROBERT BREMNER DIRECTOR 0.80
Director
$0 $0 $0
PEGGY CECCHINE DIRECTOR 0.80
Director
$0 $0 $0
SALLY COX DIRECTOR 0.80
Director
$0 $0 $0
HOWARD GLECKMAN DIRECTOR 0.80
Director
$0 $0 $0
GREGG JOHNSON DIRECTOR 0.80
Director
$0 $0 $0
RUTH KATZ DIRECTOR 0.80
Director
$0 $0 $0
JOHN KREUTZER DIRECTOR 0.80
Director
$0 $0 $0
PHILLIP MAGIDSON DIRECTOR 0.80
Director
$0 $0 $0
JAY NEWTON-SMALL DIRECTOR 0.80
Director
$0 $0 $0
ROBYN STONE DIRECTOR (UNTIL 01/23) 0.80
Director
$0 $0 $0
DENIS VON KAEPPLER DIRECTOR 0.80
Director
$0 $0 $0
JANET KELLEY DIRECTOR 0.80
Director
$0 $0 $0
BRUCE BARTELS IMMEDIATE PAST CHAIR 0.80
Officer Director
$0 $0 $0
LYNN O'CONNOR PRESIDENT/CEO 8.00
Officer
$0 $37,262 $632,695
CHRISTINE PODLES CHIEF OPERATING OFFICER 8.00
Officer
$0 $11,348 $345,209
DUSANKA DELOVSKA-TRAKOVA CIO 8.00
Officer
$0 $11,653 $295,761
TRACI ALLEY CHIEF HR OFFICER 8.00
Officer
$0 $14,904 $335,803
JENNIFER SARGENT VP HUMAN RESOURCES 13.30
Key Emp
$0 $14,870 $176,243
JASON S BASILE EXECUTIVE DIRECTOR 40.00
Key Emp
$258,620 $5,093 $263,713
GENEVA SMITH REGISTERED NURSE 40.00
Highest
$173,475 $10,388 $183,863
ARVETTA HART REGISTERED NURSE 40.00
Highest
$170,636 $10,145 $180,781
KENNETH N NJOKU LICENSED PRACTICAL NURSE 40.00
Highest
$156,962 $9,143 $166,105
NEBA FLORENCE NUMFOR EPSE REGISTERED NURSE 40.00
Highest
$148,743 $15,939 $164,682
STEVEN H NOEL DIRECTOR OF SALES 40.00
Highest
$145,714 $5,151 $150,865
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 $36,382,558 $41,935,591 $264,160,795 $-5,553,033
2022 $32,681,707 $40,148,984 $266,398,331 $-7,467,277
2021 $30,835,509 $38,134,406 $276,585,073 $-7,298,897
2020 $25,799,862 $40,838,679 $263,750,597 $-15,038,817
2019 $14,410,168 $26,067,573 $280,955,024 $-11,657,405
2018 $16,188,985 $19,521,028 $258,641,839 $-3,332,043
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