MAYFLOWER RETIREMENT CENTER INC (EIN 592617174) - 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

1973

Legal Domicile

Principal Officer

STEVE KRAMER

Phone

4076721620

Tax Period

2023-01-01 to 2023-12-31

MAYFLOWER RETIREMENT CENTER INC, founded in 1973, is a mid-sized nonprofit in the Human Services sector that reported $30.9M in total revenue in fiscal year 2023. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $37.6M exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE HOUSING, HEALTHCARE AND PERSONAL SERVICES FOR THE ELDERLY.

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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 $105,701

Program Service Revenue $34,030,516

Investment Income $-3,269,638

Other Revenue $0

TOTAL REVENUE $30,866,579

Expense Breakdown

Grants Paid $2,346

Salaries & Benefits $15,223,828

Fundraising Expenses $0

Program Expenses $33,114,581

Other Expenses $22,389,619

TOTAL EXPENSES $37,615,793

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,866,579	$25,996,509	+0.2%
Expenses	$37,615,793	$26,837,369	+0.4%
Net Income	$-6,749,214	$-840,860	+7.0%

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

468

Volunteers

100

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

$559,231

Total Directors

$357,768

Key Employees

$185,850

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE KRAMER	PRESIDENT/CEO	40.00	Officer Director	$349,002	$8,766	$357,768
DEBBIE KOMANSKI	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
AUBREY DUCKER	BOARD VICE-CHAIR	2.00	Officer Director	$0	$0	$0
ED KANIA	TREASURER	1.00	Officer Director	$0	$0	$0
MYRNA BIZER	SECRETARY	1.00	Officer Director	$0	$0	$0
DREW MADSEN	BOARD MEMBER	1.00	Director	$0	$0	$0
SHAWN GARVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
DEAN SHAHEEN	BOARD MEMBER	1.00	Director	$0	$0	$0
KEN BRADLEY	BOARD MEMBER	1.00	Director	$0	$0	$0
BARRY BLOOM	BOARD MEMBER	1.00	Director	$0	$0	$0
DR TRACY RHODES	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE CARLIN	BOARD MEMBER	1.00	Director	$0	$0	$0
STEVE LEARY	BOARD MEMBER	1.00	Director	$0	$0	$0
CANDACE BOWLING	CFO/ASSISTANT TREASURER	40.00	Officer	$195,883	$5,580	$201,463
RON BRANOM	DIRECTOR OF CONSTRUCTION	40.00	Key Emp	$180,407	$5,443	$185,850
BEN ANDERSON	HEALTH CENTER DIRECTOR	40.00	Highest	$157,763	$4,763	$162,526
ELVIS BURROWS	DINING SERVICES DIRECTOR	40.00	Highest	$142,464	$2,215	$144,679
BRIAN DEVINE	DIRECTOR OF NURSING	40.00	Highest	$138,000	$3,778	$141,778
TAYLOR WOMACK	DIRECTOR OF MARKETING	40.00	Highest	$135,894	$3,260	$139,154
ERWIN GERON	MDS/UTIL REVIEW	40.00	Highest	$119,462	$3,515	$122,977

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	$30,866,579	$37,615,793	$214,617,541	$-6,749,214
2022	$25,996,509	$26,837,369	$221,592,860	$-840,860
2021	$27,498,707	$25,527,409	$223,794,807	$1,971,298
2020	$27,155,118	$23,510,127	$150,395,456	$3,644,991
2019	$21,696,029	$24,040,426	$88,870,083	$-2,344,397
2018	$24,253,082	$24,176,132	$89,250,522	$76,950

MAYFLOWER RETIREMENT CENTER INC