MARIS GROVE 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

2005

Legal Domicile

Principal Officer

BARBARA BISGAIER

Phone

6104591090

Tax Period

2023-01-01 to 2023-12-31

MARIS GROVE INC, founded in 2005, is a mid-sized nonprofit in the Housing & Shelter sector that reported $89.4M in total revenue in fiscal year 2023. Revenue decreased 8% compared to the prior year.

Mission

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - MARIS GROVE, 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: $83,445,674 Revenue: $87,034,911

MARIS GROVE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,278 INDEPENDENT LIVING UNITS, 84 ASSISTED LIVING UNITS, 66 SKILLED NURSING BEDS AND 44 MEMORY CARE BEDS. THE SERVICES WE...

MARIS GROVE PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,278 INDEPENDENT LIVING UNITS, 84 ASSISTED LIVING UNITS, 66 SKILLED NURSING BEDS AND 44 MEMORY CARE BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITES.

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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 $1,576,107

Program Service Revenue $87,034,911

Investment Income $545,104

Other Revenue $231,771

TOTAL REVENUE $89,387,893

Expense Breakdown

Grants Paid $118,033

Salaries & Benefits $37,563,393

Fundraising Expenses $96,607

Program Expenses $83,445,674

Other Expenses $59,816,149

TOTAL EXPENSES $97,497,575

Year-over-Year Comparison

	2023	2022	Change
Revenue	$89,387,893	$97,047,625	-0.1%
Expenses	$97,497,575	$115,388,585	-0.2%
Net Income	$-8,109,682	$-18,340,960	-0.6%

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

1442

Volunteers

113

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

$1,118,003

Total Directors

$1,340,000

Key Employees

$166,177

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARNOLD SPEERT	DIRECTOR (THRU 3/31/23)	0.20	Director	$0	$0	$22,500
BARBARA C BISGAIER	CHAIR & PRESIDENT	0.50	Officer Director	$0	$0	$110,000
C JACKSON BAIN	DIRECTOR (THRU 3/31/23)	0.20	Director	$0	$0	$22,500
EILEEN G ERSTAD	TREASURER	0.10	Officer Director	$0	$0	$167,500
IAN BROWN	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
MARY D COLINS	SECRETARY	0.10	Officer Director	$0	$0	$150,000
MICHAEL W ROSKIEWICZ	DIRECTOR	0.10	Director	$0	$0	$110,000
MONTY C LEONARD	DIRECTOR	0.10	Director	$0	$0	$87,500
PAMELA D PAULK	DIRECTOR	0.10	Director	$0	$0	$87,500
PATRICIA M BROWN	DIRECTOR	0.10	Director	$0	$0	$87,500
REV DR ZINA JACQUE	VICE CHAIR & VICE PRESIDENT	0.10	Officer Director	$0	$0	$215,000
RUSSELL SHARP	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
STEPHANIE L REEL	DIRECTOR	0.10	Director	$0	$0	$150,000
CHRIS RATHMANN	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
JOHN HALL	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
MARK EMBLEY	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
MAUREEN HECKLER	EXECUTIVE DIRECTOR	40.00	Officer	$292,588	$9,528	$302,116
NEAL GANTERT	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
RANDALL COX	DIRECTOR, FINANCE	40.00	Officer	$157,317	$16,070	$173,387
CASEY KAMINSKI	DIRECTOR, NURSING	40.00	Key Emp	$163,736	$2,441	$166,177
JAN SCHECHTER	PERSONAL MOVING CONSULTANT	40.00	Highest	$142,717	$15,711	$158,428
KIM HUNTER	ASST DIRECTOR, NURSING	40.00	Highest	$132,843	$6,673	$139,516
KIMBERLY DILL	SALES COUNSELOR	40.00	Highest	$129,691	$15,772	$145,463
PAGONA NARUN	PHYSICAL THERAPIST	40.00	Highest	$134,506	$424	$134,930
ELIZABETH MEREDITH	ASSISTANT ADMIN CONTINUING CARE	40.00	Highest	$124,984	$9,630	$134,614

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	$89,387,893	$97,497,575	$368,714,127	$-8,109,682
2022	$97,047,625	$115,388,585	$636,153,110	$-18,340,960
2021	$91,666,802	$105,704,252	$653,132,727	$-14,037,450
2020	$87,843,154	$95,860,140	$655,617,582	$-8,016,986
2019	$85,010,127	$94,816,832	$584,625,270	$-9,806,705
2018	$77,572,322	$79,790,668	$577,214,904	$-2,218,346