SOUTHWEST FLORIDA RETIREMENT CENTER

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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

1979

Legal Domicile

Principal Officer

DOUGLAS FELLER

Phone

9414865421

Tax Period

2023-01-01 to 2023-12-31

SOUTHWEST FLORIDA RETIREMENT CENTER, founded in 1979, is a mid-sized nonprofit in the Human Services sector that reported $36.6M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $32.0M left a modest 12% surplus.

Mission

AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA, WE ARE A CCRC COMMITTED TO SHARING GOD'S LOVE BY PROMOTING INDIVIDUAL GROWTH AND DIGNITY, ENHANCING THE QUALITY OF LIFE AND MEETING THE HUMAN AND SPIRITUAL NEEDS OF OUR RESIDENT'S, STAFF AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $21,649,546 Revenue: $22,835,276

VILLAGE ON THE ISLE PROVIDES FOR INDEPENDENT LIVING APARTMENTS AND SERVICES TO 300 RESIDENTS IN 235 APARTMENTS & 8 COTTAGES. THE ORGANIZATION ALSO PROVIDED ASSISTED LIVING APARTMENTS AND SERVICES FOR...

Program 2

Expenses: $7,397,200 Revenue: $7,802,340

THE ORGANIZATION PROVIDED SKILLED NURSING SERVICES TO THE ELDERLY IN THE 64 BED LICENSED NURSING HOME.

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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 $4,596,504

Program Service Revenue $30,206,874

Investment Income $1,460,408

Other Revenue $334,337

TOTAL REVENUE $36,598,123

Expense Breakdown

Grants Paid $29,376

Salaries & Benefits $13,767,868

Fundraising Expenses $0

Program Expenses $29,046,746

Other Expenses $18,244,750

TOTAL EXPENSES $32,041,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$36,598,123	$31,772,151	+0.2%
Expenses	$32,041,994	$32,032,126	+0.0%
Net Income	$4,556,129	$-259,975	-18.5%

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

323

Volunteers

125

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

$609,853

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GREG ROBERTS	CHAIRPERSON	2.00	Officer Director	$0	$0	$0
TOM HANKS	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
MICHAEL HARKINS	TREASURER	2.00	Officer Director	$0	$0	$0
REV DR BRIAN ARMEN	SECRETARY	2.00	Officer Director	$0	$0	$0
KAREN STOREY	MEMBER-AT-LARGE	2.00	Director	$0	$0	$0
REV ASHLEY NICOLLS	TRUSTEE	2.00	Director	$0	$0	$0
CHRISTINE PUTHOFF	TRUSTEE	2.00	Director	$0	$0	$0
DR MARLYCE HOLBACH	TRUSTEE	2.00	Director	$0	$0	$0
CHRIS MENZIES	TRUSTEE	2.00	Director	$0	$0	$0
REV DR ROBERT MURSCH	TRUSTEE	2.00	Director	$0	$0	$0
PERRY KORSZEN	TRUSTEE	2.00	Director	$0	$0	$0
DR MATTHEW CORN	TRUSTEE	2.00	Director	$0	$0	$0
MARK BOGART	TRUSTEE	2.00	Director	$0	$0	$0
DOUGLAS FELLER	CHIEF EXECUTIVE OFFICER	50.00	Officer	$338,224	$11,687	$349,911
KATHLEEN ROGERS	CHIEF FINANCIAL OFFIER	50.00	Officer	$248,669	$11,273	$259,942
BEVERLY DAY	SALES & MARKETING DIRECTOR	45.00	Highest	$175,483	$9,684	$185,167
JAMES MARSHALL	HEALTH CENTER DIRECTOR	45.00	Highest	$160,137	$9,974	$170,111
KERA LITERAL	DIRECTOR OF NURSING	45.00	Highest	$146,522	$8,841	$155,363
KAREN MADDEN	ENAGEMENT DIRECTOR	45.00	Highest	$135,209	$11,495	$146,704
MARK MONTGOMERY	CULINARY DIRECTOR	45.00	Highest	$129,341	$9,744	$139,085

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	$36,598,123	$32,041,994	$168,064,374	$4,556,129
2022	$31,772,151	$32,032,126	$162,812,326	$-259,975
2021	$33,789,204	$30,212,541	$167,343,931	$3,576,663
2020	$28,386,314	$30,727,651	$166,970,290	$-2,341,337
2019	$24,552,468	$23,332,814	$168,713,833	$1,219,654
2018	$22,770,609	$22,064,320	$145,637,475	$706,289