EAST RIDGE RETIREMENT VILLAGE INC (EIN 590903331) - 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

1961

Legal Domicile

Principal Officer

STEVEN M ZIEGLER

Phone

3525548575

Tax Period

2023-01-01 to 2023-12-31

EAST RIDGE RETIREMENT VILLAGE INC, founded in 1961, is a mid-sized nonprofit in the Human Services sector that reported $32.4M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE AFFORDABLE HOUSING, MEALS, HEALTH CARE AND RELATED SERVICES TO SENIOR CITIZENS.

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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 $2,580,704

Program Service Revenue $29,627,866

Investment Income $193,611

Other Revenue $0

TOTAL REVENUE $32,402,181

Expense Breakdown

Grants Paid $0

Salaries & Benefits $13,880,158

Fundraising Expenses $0

Program Expenses $29,274,590

Other Expenses $21,623,175

TOTAL EXPENSES $35,503,333

Year-over-Year Comparison

	2023	2022	Change
Revenue	$32,402,181	$28,545,190	+0.1%
Expenses	$35,503,333	$34,161,055	+0.0%
Net Income	$-3,101,152	$-5,615,865	-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

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

469

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

$7,446,745

Total Directors

$6,103,583

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LAWRENCE G SCHREIBER	PRESIDENT & CEO	1.00	Officer Director	$0	$30,000	$6,103,583
STEVEN ZIEGLER	PRESIDENT AND CLO	1.00	Officer	$0	$29,004	$1,343,162
GLENDA EVANS HOOD	CHAIR	1.00	Officer Director	$0	$0	$0
JACKSON NORMAN SASSER PHD	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BENJAMIN IRVING DOERR JR	TREASURER	1.00	Officer Director	$0	$0	$0
KEVIN R MADDRON	DIRECTOR	1.00	Director	$0	$0	$0
DAVID STEWART	DIRECTOR	1.00	Director	$0	$0	$0
STUART WALKER	DIRECTOR	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
2024	No data	No data	No data	No data
2023	$32,402,181	$35,503,333	$79,512,482	$-3,101,152
2022	$28,545,190	$34,161,055	$81,144,802	$-5,615,865
2021	$27,977,471	$32,355,489	$85,059,682	$-4,378,018
2020	$27,693,611	$32,061,892	$87,418,631	$-4,368,281
2019	$27,759,035	$30,375,441	$92,969,875	$-2,616,406
2018	$25,170,428	$29,056,524	$92,239,277	$-3,886,096

EAST RIDGE RETIREMENT VILLAGE INC