ALDERSGATE UNITED METHODIST RETIRE… - Form 990 Financial Data

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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

1945

Legal Domicile

Principal Officer

CHERIE GRISSO

Phone

7045327000

Tax Period

2023-01-01 to 2023-12-31

ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC, founded in 1945, is a mid-sized nonprofit that reported $50.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $48.0M left a modest 5% surplus.

Mission

WE CELEBRATE AND RESPECT THE VALUE OF EACH INDIVIDUAL WITHIN AN INCLUSIVE AND VIBRANT ALDERSGATE COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $40,050,488 Revenue: $46,034,699

ALDERSGATE PROVIDES HOUSING, MEALS, SECURITY, ASSISTANCE WITH ESSENTIAL ACTIVITIES OF DAILY LIVING, SKILLED NURSING CARE, AND RELATED SERVICES DESIGNED SPECIFICALLY FOR SENIOR ADULTS WHILE OFFERING RELIGIOUS, CULTURAL, RECREATIONAL AND OTHER ACTIVITIES INCLUDING OPPORTUNITIES FOR COMMUNITY VOLUNTEERING AND TRANSPORTATION TO EVENTS AND APPOINTMENTS. SERVICES ARE PROVIDED 24 HOURS PER DAY. ALDERSGATE MAKES EVERY EFFORT TO CONTINUE PROVIDING SERVICES TO RESIDENTS WHO NEED SUPPLEMENTAL FINANCIAL ASSISTANCE.

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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 $2,546,515

Program Service Revenue $45,639,749

Investment Income $1,915,148

Other Revenue $310,222

TOTAL REVENUE $50,411,634

Expense Breakdown

Grants Paid $0

Salaries & Benefits $20,544,578

Fundraising Expenses $237,864

Program Expenses $40,050,488

Other Expenses $27,461,130

TOTAL EXPENSES $48,005,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,411,634	$44,473,072	+0.1%
Expenses	$48,005,708	$55,489,035	-0.1%
Net Income	$2,405,926	$-11,015,963	-1.2%

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

583

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

$414,398

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PATRICIA PAT G GARRETT	PAST CHAIR	1.00	Director	$0	$0	$0
KEVIN MCKANE	BOARD DIRECTOR	1.00	Director	$0	$0	$0
OTTO HARRIS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
JEAN GOSSETT	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MANDY GRIMES	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BILL JONES III	BOARD DIRECTOR	1.00	Director	$0	$0	$0
TOMMY LAWING	BOARD DIRECTOR	1.00	Director	$0	$0	$0
FRED LONGIETTI	BOARD DIRECTOR	1.00	Director	$0	$0	$0
BILLY MADDALON	CHAIR	1.00	Officer Director	$0	$0	$0
GENE ROBBINS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
IRENE VOGELSONG	BOARD DIRECTOR	1.00	Director	$0	$0	$0
STANLEY WATKINS	SECRETARY	1.00	Officer Director	$0	$0	$0
JUDY WIESNER	BOARD DIRECTOR	1.00	Director	$0	$0	$0
SHERRI WILLIAMS	BOARD DIRECTOR	1.00	Director	$0	$0	$0
SAMMY JACKSON	BOARD DIRECTOR	1.00	Director	$0	$0	$0
MIKE GIANG	BOARD DIRECTOR	1.00	Director	$0	$0	$0
ROBERT VAUGHN	BOARD DIRECTOR (9/2023)	1.00	Director	$0	$0	$0
SUZANNE PUGH	CEO	2.00	Officer	$0	$21,852	$281,607
CHERIE GRISSO	CFO	2.00	Officer	$0	$9,060	$132,791
BROOKE HODGE	EXECUTIVE DIRECTOR	40.00	Highest	$172,610	$14,379	$186,989
JORGE MILLARES	SALES & MARKETING	40.00	Highest	$151,294	$11,193	$162,487
KATHLENE HENDRICK	COO AND SR. HR DIR	36.00	Highest	$0	$14,462	$150,254
JENNIFER BURDESHAW	INTERIM DIRECTOR OF NURSING	40.00	Highest	$139,035	$12,331	$151,366
KOURTNEY CARTER	SALES COUNSELOR	40.00	Highest	$125,012	$12,803	$137,815

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	$50,411,634	$48,005,708	$147,033,162	$2,405,926
2022	$44,473,072	$55,489,035	$148,180,690	$-11,015,963
2021	$44,725,662	$48,219,335	$165,248,151	$-3,493,673
2020	$40,946,674	$46,413,102	$176,151,772	$-5,466,428
2019	$39,654,647	$46,120,150	$178,019,173	$-6,465,503
2018	$38,180,181	$41,745,039	$165,629,372	$-3,564,858

ALDERSGATE UNITED METHODIST RETIREMENT COMMUNITY INC