Maryfield Inc

EIN: 581363950 501(c)(3) Human Services

High Point, NC

Total Revenue
$38,074,370
Total Expenses
$37,811,772
Total Assets
$167,617,022
Net Assets
$28,695,296
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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
1950
Legal Domicile
NC
Phone
3368214000
Tax Period
2023-10-01 to 2024-09-30

Maryfield Inc, founded in 1950, is a mid-sized nonprofit in the Human Services sector that reported $38.1M in total revenue in fiscal year 2023.

Mission

FULL SERVICE RETIREMENT COMMUNITY THAT IS COMMITTED TO DEMONSTRATING GOD'S LOVE TO SENIORS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $2,569,261
Program Service Revenue $34,541,519
Investment Income $642,166
Other Revenue $321,424
TOTAL REVENUE $38,074,370

Expense Breakdown

Grants Paid $5,261
Salaries & Benefits $17,639,011
Fundraising Expenses $0
Program Expenses $33,211,723
Other Expenses $20,167,500
TOTAL EXPENSES $37,811,772

Year-over-Year Comparison

2023 2022 Change
Revenue $38,074,370 $35,368,000 +0.1%
Expenses $37,811,772 $35,652,140 +0.1%
Net Income $262,598 $-284,140 -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

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Governance

Voting Members
16
Independent Members
16
Employees
672
Volunteers
50

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
4
$765,121
Total Directors
14
$0
Key Employees
1
$197,645
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Bill Lawler Board Member 2.0
Director
$0 $0 $0
Carol Andrews Hughes Board Member 2.0
Director
$0 $0 $0
David Miller Board Member 2.0
Director
$0 $0 $0
Dr Dennis Carroll Board Member 2.0
Director
$0 $0 $0
Earl Congdon Board Member 2.0
Director
$0 $0 $0
Fr Stephen Hoyt Board Member 2.0
Director
$0 $0 $0
G Michael Hoffman Board Member 2.0
Director
$0 $0 $0
Gerald Gunzenhauser Jr Vice Chairperson 2.0
Director
$0 $0 $0
Joseph C Jackson Jr Board Member 2.0
Director
$0 $0 $0
Ken Hughes Board Member 2.0
Director
$0 $0 $0
Maurice Hull Board Member 2.0
Director
$0 $0 $0
Paul Breitbach Board Member 2.0
Director
$0 $0 $0
R Tony Hill Board Member 2.0
Director
$0 $0 $0
William Snow Bencini Secretary 2.0
Director
$0 $0 $0
Loretta Long CFO 60.0
Officer
$116,729 $0 $116,729
Richard Newman CEO & President 60.0
Officer
$310,774 $61,264 $372,038
Sister Lucy Hennessy Chairperson 40.0
Officer
$0 $0 $0
Vonda Hollingsworth Vice President 60.0
Officer
$217,791 $58,563 $276,354
Rob Creel Dir of Operations 50.0
Key Emp
$153,483 $44,162 $197,645
Page Turbeville Director of Nursing 40.0
Highest
$107,995 $35,444 $143,439
Sarah Barker Dir of Development 40.0
Highest
$119,727 $26,042 $145,769
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 $38,074,370 $37,811,772 $167,617,022 $262,598
2023 $35,368,000 $35,652,140 $169,963,215 $-284,140
2022 $35,439,090 $30,576,839 $167,558,927 $4,862,251
2021 $31,151,069 $28,942,522 $169,865,570 $2,208,547
2020 $30,185,896 $28,368,750 $168,221,738 $1,817,146
2019 $35,505,254 $28,613,889 $116,080,474 $6,891,365
2018 $28,848,951 $27,565,685 $111,198,154 $1,283,266
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