ARGENTUM

EIN: 541563782

ALEXANDRIA, VA

Total Revenue
$8,046,310
Total Expenses
$7,973,296
Total Assets
$7,363,435
Net Assets
$2,188,180
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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
1991
Legal Domicile
VA
Principal Officer
JAMES BALDA
Phone
5715272621
Tax Period
2024-01-01 to 2024-12-31

ARGENTUM, founded in 1991, is a community nonprofit that reported $8.0M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year.

Mission

ARGENTUM IS THE LARGEST NATIONAL ASSOCIATION EXCLUSIVELY DEDICATED TO PROFESSIONALLY OPERATED SENIOR LIVING COMMUNITIES FOR SENIORS. ITS MEMBER-DRIVEN PROGRAMS PROMOTE BUSINESS AND OPERATIONAL EXCELLENCE THROUGH NATIONAL CONFERENCES, RESEARCH, EDUCATIONAL PROGRAMS, PUBLICATIONS AND ADVOCACY. ARGENTUM IS AN ADVOCATE FOR CHOICE, INDEPENDENCE, DIGNITY AND QUALITY OF LIFE.

Program Service Accomplishments

Program 1

PUBLIC POLICY: ARGENTUM'S PUBLIC POLICY EFFORTS ARE FOCUSED ON ADVOCATING AND SUPPORTING MEANINGFUL LAWS AND REGULATIONS AT THE STATE AND FEDERAL LEVELS. SENIOR LIVING IS REGULATED IN ALL 50 STATES...

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PUBLIC POLICY: ARGENTUM'S PUBLIC POLICY EFFORTS ARE FOCUSED ON ADVOCATING AND SUPPORTING MEANINGFUL LAWS AND REGULATIONS AT THE STATE AND FEDERAL LEVELS. SENIOR LIVING IS REGULATED IN ALL 50 STATES, AS WELL AS IMPACTED BY SOME FEDERAL AGENCIES. ARGENTUM EDUCATES STAKEHOLDERS AND WORKS COLLABORATIVELY ON BEHALF OF THE ALMOST 2,000,000 RESIDENTS LIVING IN SENIOR LIVING.

Program 2

ADVOCAY: MANIFYING OUR INDUSTRY'S VOICE AS WE MEET WITH LAWMAKERS ACROSS THE NATION WHOSE WORK CAN DIRECTLY AFFCT THE SENIOR LIVING INDUSTRY.

Program 3

HAEP GRANT: DEVELOP AND EXPAND NATIONWIDE APPRENTICESHIPS IN SENIOR LIVING AND RELATED ALLIED HEALTH OCCUPATIONS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,917,240
Program Service Revenue $5,377,435
Investment Income $158,574
Other Revenue $593,061
TOTAL REVENUE $8,046,310

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,278,519
Fundraising Expenses $0
Other Expenses $3,694,777
TOTAL EXPENSES $7,973,296

Year-over-Year Comparison

2024 2023 Change
Revenue $8,046,310 $9,667,228 -0.2%
Expenses $7,973,296 $11,321,370 -0.3%
Net Income $73,014 $-1,654,142 -1.0%
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

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Governance

Voting Members
40
Independent Members
39
Employees
28
Volunteers
40

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
$1,002,516
Total Directors
40
$675,331
Key Employees
2
$543,843
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES BALDA PRESIDENT/CEO 40.00
Officer Director
$623,480 $51,851 $675,331
JUDD HARPER CHAIRMAN 1.50
Officer Director
$0 $0 $0
SARAHBETH HANSON BOARD MEMBER 1.50
Director
$0 $0 $0
MERCEDES KERR SECRETARY 1.50
Officer Director
$0 $0 $0
TANA GALL VICE CHAIRMAN 1.50
Officer Director
$0 $0 $0
CHRIS HYATT PUBLIC POLICY COMMITTEE CO-CHAIR 1.50
Officer Director
$0 $0 $0
JOHN ATKINSON EX OFFICIO 1.00
Director
$0 $0 $0
BRENDA BACON BOARD MEMBER 1.00
Director
$0 $0 $0
JACK CALLISON BOARD MEMBER 1.00
Director
$0 $0 $0
CHRIS CUMMINGS BOARD MEMBER 1.00
Director
$0 $0 $0
COREY DENMAN EX OFFICIO 1.00
Director
$0 $0 $0
DOUG DOLLENBERG JR BOARD MEMBER 1.00
Director
$0 $0 $0
JOE EBY BOARD MEMBER 1.00
Director
$0 $0 $0
KATHY FIERY EX OFFICIO 1.00
Director
$0 $0 $0
GUY GELLER BOARD MEMBER 1.00
Director
$0 $0 $0
COLLETTE GRAY EX OFFICIO 1.00
Director
$0 $0 $0
KAI HSIAO BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM KAPLAN BOARD MEMBER 1.00
Director
$0 $0 $0
LAURA LANDWIRTH BOARD MEMBER 1.00
Director
$0 $0 $0
DIANA MARTINEZ BOARD MEMBER 1.00
Director
$0 $0 $0
BRYAN MCCALEB BOARD MEMBER 1.00
Director
$0 $0 $0
SALLY MICHAEL EX OFFICIO 1.00
Director
$0 $0 $0
ARICK MORTON EX OFFICIO 1.00
Director
$0 $0 $0
JOHN OLYMPITIS BOARD MEMBER 1.00
Director
$0 $0 $0
SEVY PETRAS BOARD MEMBER 1.00
Director
$0 $0 $0
JUSTIN SKIVER BOARD MEMBER 1.00
Director
$0 $0 $0
GARY SMITH TREASURER 1.50
Officer Director
$0 $0 $0
DORIS ELLIE SULLIVAN BOARD MEMBER 1.00
Director
$0 $0 $0
CHARLIE TREFZGER BOARD MEMBER 1.00
Director
$0 $0 $0
CHAD WHITE BOARD MEMBER 1.00
Director
$0 $0 $0
JOEL NELSON IMMEDIATE PAST CHAIRMAN 1.00
Director
$0 $0 $0
HOLLY BELTER-CHESSER BOARD MEMBER 1.00
Director
$0 $0 $0
SEBASTIAN BROWN BOARD MEMBER 1.00
Director
$0 $0 $0
FRANCESCA FALZARANO EX OFFICIO 1.00
Director
$0 $0 $0
JON GLASS BOARD MEMBER 1.00
Director
$0 $0 $0
SAMIRA MADHANY BOARD MEMBER 1.00
Director
$0 $0 $0
JAY MORGAN BOARD MEMBER 1.00
Director
$0 $0 $0
DOUG OLSON EX OFFICIO 1.00
Director
$0 $0 $0
EARL PARKER BOARD MEMBER 1.00
Director
$0 $0 $0
MARK PRICE EX OFFICIO 1.00
Director
$0 $0 $0
REGINA MAMONE CFO 40.00
Officer
$159,364 $21,361 $180,725
OLIVIA WILSON SENIOR DIRECTOR OF HUMAN RESOURCES, FINANCE, AND A 40.00
Officer
$121,568 $24,892 $146,460
MARGARET ELEHWANY SENIOR VICE PRESIDENT, PUBLIC AFFAIRS 40.00
Key Emp
$267,369 $42,548 $309,917
RONALD WILLIAMS SENIOR VP OF BUSINESS OPERATIONS 40.00
Key Emp
$198,838 $35,088 $233,926
ASHANTE ABUBAKAR VP, WORKFORCE DEVELOPMENT 40.00
Highest
$139,993 $5,774 $145,767
CYNTHIA BADE VP, DEVELOPMENT 40.00
Highest
$143,638 $28,360 $171,998
STEPHANIE ROBERT VP, CONTENT AND MARKETING 40.00
Highest
$142,679 $15,150 $157,829
DIANA MARTINEZ PRESIDENT/CEO OF TALA 40.00
Highest
$146,410 $27,532 $173,942
SAARA DILLARD GRANTS MANAGER 40.00
Highest
$117,780 $4,516 $122,296
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 $8,046,310 $7,973,296 $7,363,435 $73,014
2023 $9,667,228 $11,321,370 $8,082,330 $-1,654,142
2022 $8,036,743 $9,209,262 $10,143,837 $-1,172,519
2021 $17,911,647 $11,741,828 $9,206,006 $6,169,819
2020 $8,679,493 $9,935,597 $3,153,013 $-1,256,104
2019 $9,740,378 $9,605,069 $4,201,803 $135,309
2018 $9,431,044 $9,643,213 $3,580,855 $-212,169
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