PENNEY RETIREMENT COMMUNITY INC (EIN 590624420) - 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

1965

Legal Domicile

Principal Officer

TERESA SCOTT

Phone

9042848200

Tax Period

2024-07-01 to 2025-06-30

PENNEY RETIREMENT COMMUNITY INC, founded in 1965, is a mid-sized nonprofit in the Human Services sector that reported $21.6M in total revenue in fiscal year 2024. Expenses of $20.9M left a modest 3% surplus.

Mission

TO SERVE SENIORS WHO WISH TO RETIRE IN AN INCLUSIVE CHRISTIAN COMMUNITY.

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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 $976,140

Program Service Revenue $19,889,395

Investment Income $768,858

Other Revenue $0

TOTAL REVENUE $21,634,393

Expense Breakdown

Grants Paid $4,165

Salaries & Benefits $9,816,647

Fundraising Expenses $4,474

Program Expenses $19,136,484

Other Expenses $11,059,673

TOTAL EXPENSES $20,880,485

Year-over-Year Comparison

	2024	2023	Change
Revenue	$21,634,393	$20,107,371	+0.1%
Expenses	$20,880,485	$20,321,950	+0.0%
Net Income	$753,908	$-214,579	-4.5%

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

313

Volunteers

308

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

$493,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES RENNIGER	CHAIRMAN	2.00	Officer Director	$0	$0	$0
RON COLEMAN	FIRST VICE CHAIR (THRU 02/2025)	2.00	Officer Director	$0	$0	$0
TERESA BARTON	SECOND VICE CHAIR	2.00	Officer Director	$0	$0	$0
JIMMY LOVELACE	FIRST VICE CHAIR	2.00	Officer Director	$0	$0	$0
RANNEL WESTBERRY	TREASURER	2.00	Officer Director	$0	$0	$0
GERALD AGRESTI	DIRECTOR	2.00	Director	$0	$0	$0
MARY BRIDGMAN	DIRECTOR	2.00	Director	$0	$0	$0
RICHARD COSTIN	DIRECTOR	2.00	Director	$0	$0	$0
KIP DECKERHOFF	DIRECTOR	2.00	Director	$0	$0	$0
SADIE DURHAM	DIRECTOR	2.00	Director	$0	$0	$0
FRANCES IRVINE	DIRECTOR	2.00	Director	$0	$0	$0
NANCY KEATING	DIRECTOR	2.00	Director	$0	$0	$0
GARY MEERNIK	DIRECTOR	2.00	Director	$0	$0	$0
BERT VAN ROYAL	DIRECTOR (THRU 10/2024)	2.00	Director	$0	$0	$0
STEVE VANDERKAMP	DIRECTOR	2.00	Director	$0	$0	$0
TERESA D SCOTT	PRESIDENT/ CEO	40.00	Officer	$226,696	$21,072	$247,768
TONY VERNON	COO/CNO	40.00	Officer	$108,721	$5,436	$114,157
ADAM CARTER AM 624 TO 125	CONTROLLER (BEG. 01/2025)	40.00	Officer	$42,889	$10,181	$53,070
RENEE DIPATRI	CORPORATE SECRETARY	40.00	Officer	$65,049	$12,961	$78,010
JAMIE STANDLEY	NURSING HOME ADMINISTRATOR	40.00	Highest	$109,084	$5,988	$115,072

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	$21,634,393	$20,880,485	$67,634,653	$753,908
2024	$20,107,371	$20,321,950	$67,127,533	$-214,579
2023	$17,944,399	$18,877,559	$68,113,416	$-933,160
2022	$18,040,863	$17,354,442	$67,339,393	$686,421
2021	$17,793,426	$16,809,244	$61,971,655	$984,182
2020	$15,573,329	$15,560,703	$58,338,823	$12,626
2019	$15,013,472	$13,927,058	$57,516,616	$1,086,414

PENNEY RETIREMENT COMMUNITY INC