CANTERBURY COURT INC (EIN 580871510) - Form 990 Financial Analysis & Trantor Score

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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

1962

Legal Domicile

Principal Officer

DEBI MCNEIL

Phone

4042616611

Tax Period

2023-10-01 to 2024-09-30

CANTERBURY COURT INC, founded in 1962, is a mid-sized nonprofit in the Health Care sector that reported $32.0M in total revenue in fiscal year 2023. Revenue surged 45% from the prior year, signaling strong growth momentum. Expenses of $41.7M exceeded revenue, resulting in a 30% operating deficit.

Mission

TO PROVIDE AN ATTRACTIVE SENIOR RESIDENTIAL SETTING WITH QUALITY CONTINUING CARE SERVICES

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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 $73,164

Program Service Revenue $30,340,461

Investment Income $1,607,847

Other Revenue $0

TOTAL REVENUE $32,021,472

Expense Breakdown

Grants Paid $284,280

Salaries & Benefits $13,206,781

Fundraising Expenses $0

Program Expenses $35,342,931

Other Expenses $28,200,126

TOTAL EXPENSES $41,691,187

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,021,472	$22,087,200	+0.4%
Expenses	$41,691,187	$25,373,114	+0.6%
Net Income	$-9,669,715	$-3,285,914	+1.9%

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

332

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

$996,188

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID ALDRIDGE	CHAIR	1.00	Officer Director	$0	$0	$0
STEVE STEPHENS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BOB MILLER	TREASURER	1.00	Officer Director	$0	$0	$0
MATT COLE	ASST. TREASURER	1.00	Officer Director	$0	$0	$0
BETTY FEEZOR	SECRETARY	1.00	Officer Director	$0	$0	$0
SHELDON TAYLOR	IMMEDIATE PAST CHAIR	1.00	Officer Director	$0	$0	$0
LIZ CHADWICK	TRUSTEE	1.00	Director	$0	$0	$0
DEBORAH COX	TRUSTEE	1.00	Director	$0	$0	$0
HAL DANIEL	TRUSTEE	1.00	Director	$0	$0	$0
SHARON GAY	TRUSTEE	1.00	Director	$0	$0	$0
LARRY LORD	TRUSTEE	1.00	Director	$0	$0	$0
BOBBY MAYS	TRUSTEE	1.00	Director	$0	$0	$0
MIKE NADAL	TRUSTEE	1.00	Director	$0	$0	$0
ANN PEARCE	TRUSTEE	1.00	Director	$0	$0	$0
MARTHA SOLANO	TRUSTEE	1.00	Director	$0	$0	$0
JOHNATHAN STANFORD	TRUSTEE	1.00	Director	$0	$0	$0
LEANDREW TABB	TRUSTEE	1.00	Director	$0	$0	$0
JODI WEINTRAUB	TRUSTEE	1.00	Director	$0	$0	$0
DEBI MCNEIL	PRESIDENT AND CEO	40.00	Officer	$336,449	$42,880	$379,329
JULIE PARKER	COO	40.00	Officer	$225,517	$26,222	$251,739
LISA BRONSTEIN	CHRO	40.00	Officer	$185,727	$13,013	$198,740
MATT KURUMADA	CFO	40.00	Officer	$164,983	$1,397	$166,380
NICOLE BURKE	DIRECTOR OF MARKETING	40.00	Highest	$151,935	$23,137	$175,072
NANCY MARVIN	SENIOR RESIDENCY COUNSELOR	40.00	Highest	$121,412	$10,904	$132,316
LIZ WOLTZEN	ADMINISTRATOR	40.00	Highest	$121,402	$29,952	$151,354
ANDREW WILTZ	DIRECTOR OF WELLNESS	40.00	Highest	$113,881	$9,995	$123,876
JOHNATHON TAFT	DIRECTOR OF NURSING	40.00	Highest	$111,396	$17,889	$129,285

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	$32,021,472	$41,691,187	$302,422,117	$-9,669,715
2023	$22,087,200	$25,373,114	$300,283,041	$-3,285,914
2022	$18,682,262	$21,936,772	$262,844,194	$-3,254,510
2021	$22,945,878	$20,738,408	$122,353,987	$2,207,470
2020	$19,569,752	$20,608,307	$113,952,530	$-1,038,555
2019	$20,767,766	$20,202,632	$92,689,801	$565,134
2018	$19,698,319	$18,586,937	$92,099,023	$1,111,382

CANTERBURY COURT INC