THE UNITED METHODIST RETIREMENT HOMES FOUNDATION INC

EIN: 561870172 501(c)(3) Philanthropy & Grantmaking

DURHAM, NC

Total Revenue
$243,632
Total Expenses
$78,595
Total Assets
$16,051,110
Net Assets
$2,206,654
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1994
Legal Domicile
NC
Principal Officer
JONATHAN ERICKSON
Phone
9193843000
Tax Period
2024-10-01 to 2025-09-30

THE UNITED METHODIST RETIREMENT HOMES FOUNDATION INC, founded in 1994, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $244K in total revenue in fiscal year 2024. Revenue fell 31% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $165K, a strong 68% operating margin.

Mission

THE UNITED METHODIST RETIREMENT HOMES FOUNDATION, INC. IS ORGANIZED IN ORDER TO RAISE ENDOWMENT FUNDS, SUPPORT BENEVOLENT CARE FOR RESIDENTS UNABLE TO PAY FOR CONTINUING CARE, SUPPORT SPECIAL PROGRAMS FOR THE CONTINUING CARE RETIREMENT COMMUNITIES OWNED AND OPERATED BY THE UNITED METHODIST RETIREMENT HOMES, INC. AND MANAGE THE INVESTMENT OF THE FOUNDATION'S ASSETS.

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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 $68,051
Program Service Revenue $0
Investment Income $167,136
Other Revenue $8,445
TOTAL REVENUE $243,632

Expense Breakdown

Grants Paid $72,397
Salaries & Benefits $0
Fundraising Expenses $263
Program Expenses $72,397
Other Expenses $6,198
TOTAL EXPENSES $78,595

Year-over-Year Comparison

2024 2023 Change
Revenue $243,632 $350,999 -0.3%
Expenses $78,595 $64,965 +0.2%
Net Income $165,037 $286,034 -0.4%
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

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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
12

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
5
$407,013
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MACK PARKER CHAIR 0.50
Officer Director
$0 $0 $0
W LEE HARRISS VICE CHAIR 0.50
Officer Director
$0 $0 $0
NANCY VAN ANTWERP SECRETARY 0.50
Officer Director
$0 $0 $0
PAUL LEE DIRECTOR 0.50
Director
$0 $0 $0
GRAY SOUTHERN DIRECTOR 0.50
Director
$0 $0 $0
JAMES MARTIN DIRECTOR 0.50
Director
$0 $0 $0
CHARLES MERCER DIRECTOR 0.50
Director
$0 $0 $0
RUTH LITTLE DIRECTOR 0.50
Director
$0 $0 $0
STACY DOBSON CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $38,443 $407,013
JONATHAN ERICKSON CORPORATE EXECUTIVE DIRECTOR 1.00
Officer
$0 $0 $0
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 $243,632 $78,595 $16,051,110 $165,037
2024 $350,999 $64,965 $14,860,307 $286,034
2023 $105,376 $62,457 $12,128,311 $42,919
2022 $153,159 $84,915 $11,079,706 $68,244
2021 $131,630 $63,913 $11,091,111 $67,717
2020 $99,140 $124,404 $9,110,008 $-25,264
2019 $129,212 $5,799 $8,958,293 $123,413
2018 $154,108 $85,797 $7,753,162 $68,311
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