Presbyterian Homes Foundation 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

1992

Legal Domicile

Principal Officer

TIMOTHY J WEBSTER

Phone

3368866553

Tax Period

2023-10-01 to 2024-09-30

Presbyterian Homes Foundation Inc, founded in 1992, is a community nonprofit that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 139% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.9M, a strong 44% operating margin.

Mission

TO RAISE FUNDS FOR THE BENEFIT OF THE PRESBYTERIAN HOMES INC DBA BRIGHTSPIRE AND GLENAIRE INC WHICH OPERATE AS PUBLIC CHARITIES 501C3 IN ORDER TO ASSIST THE RETIREMENT COMMUNITIES IN SERVING PERSONS WHO FINANCIALLY OTHERWISE MIGHT NOT BE ABLE TO RESIDE AT THE RETIREMENT COMMUNITY. ALL IN SUPPORT OF THE MISSION TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF THOSE WE SERVE.

Program Service Accomplishments

Program 1

Expenses: $3,654,576 Revenue: $0

THE PRESBYTERIAN HOMES FOUNDATION INC DBA BRIGHTSPIRE FOUNDATION PROVIDES FINANCIAL SUPPORT THROUGH GRANTS TO THE PRESBYTERIAN HOMES INC DBA BRIGHTSPIRE AND GLENAIRE INC.

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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 $2,445,269

Program Service Revenue $0

Investment Income $4,167,176

Other Revenue $0

TOTAL REVENUE $6,612,445

Expense Breakdown

Grants Paid $3,654,576

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,654,576

Other Expenses $53,662

TOTAL EXPENSES $3,708,238

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,612,445	$2,765,506	+1.4%
Expenses	$3,708,238	$2,448,679	+0.5%
Net Income	$2,904,207	$316,827	+8.2%

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

N/A

Volunteers

N/A

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

$1,051,305

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY WEBSTER	ASSISTANT SECRETARY	1.00	Officer	$0	$36,275	$667,585
JULIA HANOVER	ASSISTANT TREASURER	1.00	Officer	$0	$29,933	$383,720
DELORES PARKER	CHAIR PERSON	1.00	Officer Director	$0	$0	$0
BRIAN DONLEY	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
WITHERS HORNER	SECRETARY	1.00	Officer Director	$0	$0	$0
ANGELA K BUTLER	TREASURER	1.00	Officer Director	$0	$0	$0
JIM MORGAN	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
JOHN BOOTH	BOARD MEMBER	1.00	Director	$0	$0	$0
TRIPP BRADSHAW	BOARD MEMBER	1.00	Director	$0	$0	$0
SUSAN HODGES	BOARD MEMBER	1.00	Director	$0	$0	$0
MARC HUMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
ALAN LIVINGSTON	BOARD MEMBER	1.00	Director	$0	$0	$0
VICKI H MCCAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CLAIRE MANSFIELD	BOARD MEMBER	1.00	Director	$0	$0	$0
AVYS MASSEY	BOARD MEMBER	1.00	Director	$0	$0	$0
CORINNE NICHOLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY L RUSSELL	BOARD MEMBER	1.00	Director	$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	No data	No data	No data	No data
2024	$6,612,445	$3,708,238	$56,611,034	$2,904,207
2023	$2,765,506	$2,448,679	$48,060,734	$316,827
2022	$3,007,342	$2,399,298	$42,911,390	$608,044
2021	$6,669,715	$2,178,270	$51,809,850	$4,491,445
2020	$3,190,837	$2,464,691	$44,197,807	$726,146
2019	$3,399,568	$1,216,972	$42,183,978	$2,182,596
2018	$4,235,206	$1,283,838	$40,198,449	$2,951,368