PRESBYTERIAN HOMES 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

1942

Legal Domicile

Principal Officer

TIMOTHY J WEBSTER

Phone

3368866553

Tax Period

2024-10-01 to 2025-09-30

PRESBYTERIAN HOMES INC, founded in 1942, is a mid-sized nonprofit in the Human Services sector that reported $77.0M in total revenue in fiscal year 2024. The organization ran a surplus of $17.0M, a strong 22% operating margin.

Mission

THE MISSION OF THE PRESBYTERIAN HOMES DBA BRIGHTSPIRE IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF THOSE WE SERVE. THE PRESBYTERIAN HOMES DBA BRIGHTSPIRE PROVIDES SENIOR ADULTS WITH CARING AND HIGH QUALITY SERVICES IN SUPPORT OF THEIR PHYSICAL, INTELLECTUAL, SOCIAL AND SPIRITUAL WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $47,417,639 Revenue: $69,483,347

THE PRESBYTERIAN HOMES, INC. DBA BRIGHTSPIRE PROVIDES RESIDENTIAL ASSISTED LIVING AND NURSING CARE FOR APPROXIMATELY 889 SENIOR ADULT RESIDENTS. SERVICES INCLUDE HOUSEKEEPING, FOOD SERVICE, MEDICAL...

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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 $2,148,549

Program Service Revenue $68,885,313

Investment Income $5,297,620

Other Revenue $704,628

TOTAL REVENUE $77,036,110

Expense Breakdown

Grants Paid $1,818,756

Salaries & Benefits $33,437,665

Fundraising Expenses $124,384

Program Expenses $47,417,639

Other Expenses $24,777,879

TOTAL EXPENSES $60,034,300

Year-over-Year Comparison

	2024	2023	Change
Revenue	$77,036,110	$73,497,043	+0.0%
Expenses	$60,034,300	$59,363,114	+0.0%
Net Income	$17,001,810	$14,133,929	+0.2%

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

1589

Volunteers

117

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

$2,120,158

Total Directors

Key Employees

$813,178

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LORI HADDOCK	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BEN ZURAW	BOARD MEMBER	1.00	Officer Director	$0	$0	$0
DAVID SPRINKLE	BOARD MEMBER	1.00	Director	$0	$0	$0
HAROLD MARTIN	BOARD MEMBER	1.00	Director	$0	$0	$0
LEIGH ANN KLEE	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY GOLDSTEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
WENDY GATLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALEXANDER L MAULTSBY	BOARD MEMBER	1.00	Director	$0	$0	$0
JANE BAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
CANTEY ALEXANDER	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID COULTER	BOARD MEMBER	1.00	Director	$0	$0	$0
TIM CLONTZ	TREASURER	1.00	Officer Director	$0	$0	$0
WILLIAM C MCILWAIN	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHRYN BILLINGS	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BOB CHANDLER	BOARD MEMBER	1.00	Director	$0	$0	$0
STEPHEN FLEMING	PRESIDENT - CEO	40.00	Officer	$534,571	$26,324	$560,895
JULIA HANOVER	CFO	40.00	Officer	$390,061	$29,147	$419,208
TIMOTHY WEBSTER	PRESIDENT - CEO	40.00	Officer	$677,575	$37,207	$714,782
K ALAN TUTTEROW	CFO	40.00	Officer	$410,135	$15,138	$425,273
MARK COLLINS	EXECUTIVE VICE PRESIDENT-DIRECTOR	40.00	Key Emp	$282,888	$31,461	$314,349
CREIGHTON LOVVORN	EXECUTIVE VICE PRESIDENT-COO	40.00	Key Emp	$466,386	$32,443	$498,829
LAURA LOWE	EXECUTIVE VICE PRESIDENT, MARKETING AND SALES	40.00	Highest	$287,968	$20,493	$308,461
ARNOLD THOMPSON	DIRECTOR OF FINANCE	40.00	Highest	$276,038	$34,226	$310,264
THOMAS SMITH	EXEC DIRECTOR-RIVER LANDING	40.00	Highest	$279,035	$27,775	$306,810
WILLIE LASH	EXECUTIVE VICE PRES, IT SERVICES	40.00	Highest	$241,354	$30,783	$272,137
TIFFANY ROBERSON	VICE PRESIDENT-HEALTHCARE OPERATIONS	40.00	Highest	$250,251	$25,249	$275,500

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
2025	$77,036,110	$60,034,300	$270,632,746	$17,001,810
2024	$73,497,043	$59,363,114	$262,843,503	$14,133,929
2023	$65,685,113	$60,438,776	$244,275,349	$5,246,337
2022	$60,268,413	$53,641,782	$239,360,172	$6,626,631
2021	$62,438,008	$48,454,851	$256,348,828	$13,983,157
2020	$56,239,171	$44,554,271	$246,304,897	$11,684,900
2019	$49,925,471	$40,439,985	$228,730,047	$9,485,486
2018	$48,176,279	$38,786,080	$181,750,123	$9,390,199