NAVAL CONTINUING CARE RETIREMENT F… - Form 990 Financial Data

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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

1985

Legal Domicile

Principal Officer

JOSHUA ASHBY

Phone

9042469900

Tax Period

2023-01-01 to 2023-12-31

NAVAL CONTINUING CARE RETIREMENT FOUNDATION INC, founded in 1985, is a mid-sized nonprofit in the Human Services sector that reported $62.7M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $57.6M left a modest 8% surplus.

Mission

THE MISSION OF NAVAL CONTINUING CARE RETIREMENT FOUNDATION, INC. IS TO ENRICH THE LIVES OF OLDER ADULTS THROUGH HIGH QUALITY PROGRAMS AND SERVICES TO SUPPORT SUCCESSFUL AGING.

Program Service Accomplishments

Program 1

Expenses: $51,739,400 Revenue: $57,809,679

THE ORGANIZATION PROVIDES RESIDENTIAL, HEALTH CARE, AND OTHER RELATED SERVICES FOR RESIDENTS, INCLUDING RETIRED CAREER U.S. MILITARY OFFICERS, THEIR SPOUSES, AND OTHERS OF RETIREMENT AGE. THE...

THE ORGANIZATION PROVIDES RESIDENTIAL, HEALTH CARE, AND OTHER RELATED SERVICES FOR RESIDENTS, INCLUDING RETIRED CAREER U.S. MILITARY OFFICERS, THEIR SPOUSES, AND OTHERS OF RETIREMENT AGE. THE ORGANIZATION OWNS AND OPERATES A RETIREMENT COMMUNITY CONSISTING OF 482 RESIDENTIAL UNITS (292 APARTMENTS AND 190 HOMES), 138 ASSISTED LIVING AND MEMORY CARE UNITS, AND IS LICENSED FOR 100 SKILLED NURSING BEDS. TOTAL PATIENT DAYS FOR THE YEAR: 251,729 DAYS - INDEPENDENT LIVING; 42,158 DAYS - ASSISTED LIVING; AND 15,768 DAYS - SKILLED NURSING.

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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 $1,346,670

Program Service Revenue $57,809,679

Investment Income $3,549,550

Other Revenue $0

TOTAL REVENUE $62,705,899

Expense Breakdown

Grants Paid $25,000

Salaries & Benefits $22,656,436

Fundraising Expenses $356,835

Program Expenses $51,739,400

Other Expenses $34,929,514

TOTAL EXPENSES $57,610,950

Year-over-Year Comparison

	2023	2022	Change
Revenue	$62,705,899	$57,184,003	+0.1%
Expenses	$57,610,950	$60,756,765	-0.1%
Net Income	$5,094,949	$-3,572,762	-2.4%

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

683

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

$931,100

Total Directors

$707,808

Key Employees

$834,677

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOSHUA ASHBY	SECRETARY/CEO	50.00	Officer Director	$679,258	$28,550	$707,808
HELEN ATTER	CHAIR	2.00	Officer Director	$0	$0	$0
JOSEPH MITRICK	VICE CHAIR	2.00	Officer Director	$0	$0	$0
WILLIAM STRUCK	TREASURER	1.00	Officer Director	$0	$0	$0
AREZOU JOLLY	BOARD MEMBER	1.00	Director	$0	$0	$0
WAYNE GALLOWAY	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW TUOHY	BOARD MEMBER	1.00	Director	$0	$0	$0
ROBERT WALTERS	BOARD MEMBER	1.00	Director	$0	$0	$0
HOWARD WANAMAKER	BOARD MEMBER	1.00	Director	$0	$0	$0
LINDSAY DEAN NORMAN	BOARD MEMBER	1.00	Director	$0	$0	$0
KATHLEEN LONG	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULA CHAMBERLAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
CAROL POTTENGER	BOARD MEMBER	1.00	Director	$0	$0	$0
CYNTHIA HACK	CONTROLLER	50.00	Officer	$210,132	$13,160	$223,292
BRIAN WEISS	COO/SR. DIRECTOR OF CAMPUS SERV.	50.00	Key Emp	$260,348	$7,608	$267,956
MICHELE HOLLEY	SR. DIRECTOR OF HR	50.00	Key Emp	$175,347	$13,354	$188,701
JULIA PRATT	SR. DIRECTOR OF HEALTHCARE	50.00	Key Emp	$196,136	$14,333	$210,469
APRIL MORIN	DIRECTOR OF SALES & MKTG.	45.00	Key Emp	$156,836	$10,715	$167,551
BERNADETH PALOMPO	DIRECTOR OF NURSING	45.00	Highest	$148,475	$13,041	$161,516
ASHLEY ALLEN-CORDERO	NURSING HOME & ASSISTED LIVING ADMINISTRATOR	45.00	Highest	$127,837	$150	$127,987
DEBORAH GORDAN	DIRECTOR OF THERAPY AND HOME HEALTH	45.00	Highest	$132,531	$5,301	$137,832
JAY JERNIGAN	MANAGER OF EXTERIOR MAINTENANCE	45.00	Highest	$132,096	$9,061	$141,157
PERRY BROWN	FOOD & BEVERAGE DIRECTOR	45.00	Highest	$109,566	$9,136	$118,702
TRAVIS SCHRYER	CHIEF OPERATING OFFICER (END. 08/23)	50.00		$223,629	$3,758	$227,387
OLIVIA BUSH	DIR. CHARITABLE GIVING (END. 05/23)	45.00		$132,712	$0	$132,712

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	$62,705,899	$57,610,950	$275,553,073	$5,094,949
2022	$57,184,003	$60,756,765	$271,021,475	$-3,572,762
2021	$53,968,868	$52,243,395	$325,372,144	$1,725,473
2020	$40,691,216	$40,338,213	$281,261,190	$353,003
2019	$43,359,636	$36,810,161	$272,900,607	$6,549,475
2018	$35,961,998	$35,807,279	$258,330,379	$154,719

NAVAL CONTINUING CARE RETIREMENT FOUNDATION INC