ST ANDREWS PLACE RETIREMENT COMMUNITY INC

EIN: 611220389 501(c)(3) Housing & Shelter

RICHMOND, KY

Total Revenue
$1,693,881
Total Expenses
$1,279,069
Total Assets
$2,887,893
Net Assets
$2,865,007
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1991
Legal Domicile
KY
Principal Officer
MIKE REED
Phone
8596251400
Tax Period
2024-07-01 to 2025-06-30

ST ANDREWS PLACE RETIREMENT COMMUNITY INC, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $1.7M in total revenue in fiscal year 2024. Revenue surged 35% from the prior year, signaling strong growth momentum. The organization ran a surplus of $415K, a strong 24% operating margin.

Mission

THE ORGANIZATION PROVIDES ELDERLY AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, SPIRITUAL AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,693,100
Investment Income $781
Other Revenue $0
TOTAL REVENUE $1,693,881

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $1,272,143
Other Expenses $1,279,069
TOTAL EXPENSES $1,279,069

Year-over-Year Comparison

2024 2023 Change
Revenue $1,693,881 $1,253,279 +0.4%
Expenses $1,279,069 $1,038,448 +0.2%
Net Income $414,812 $214,831 +0.9%
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

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Governance

Voting Members
14
Independent Members
14
Employees
N/A
Volunteers
14

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
5
$95,692
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MIKE REED PRESIDENT 1.00
Officer Director
$0 $0 $0
ANDY COLLEY VICE PRESIDE 1.00
Officer Director
$0 $0 $0
ALEX FASSAS TREASURER 1.00
Officer Director
$0 $0 $0
JACKIE VANCE SECRETARY 1.00
Officer Director
$0 $0 $0
MARY OUSLEY BOARD MEMBER 1.00
Director
$0 $0 $0
JIM NEY BOARD MEMBER 1.00
Director
$0 $0 $0
MARION OOGIE OGDEN BOARD MEMBER 1.00
Director
$0 $0 $0
SUE CHENAULT BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL BALLARD BOARD MEMBER 1.00
Director
$0 $0 $0
JOHN FERGUSON BOARD MEMBER 1.00
Director
$0 $0 $0
RICHARD SHELTON BOARD MEMBER 1.00
Director
$0 $0 $0
BOB VICKERS BOARD MEMBER 1.00
Director
$0 $0 $0
JANET COYLE BOARD MEMBER 1.00
Director
$0 $0 $0
ERVIN YODER BOARD MEMBER 1.00
Director
$0 $0 $0
ANGELA HARDIN CAO 8.00
Officer
$0 $11,979 $95,692
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 $1,693,881 $1,279,069 $2,887,893 $414,812
2024 No data No data No data No data
2023 $1,439,772 $1,421,898 $2,315,764 $17,874
2022 $1,591,883 $1,441,420 $2,291,626 $150,463
2021 $2,152,434 $1,890,852 $2,174,905 $261,582
2020 $1,148,656 $795,858 $1,903,034 $352,798
2018 $956,105 $767,005 $1,433,043 $189,100
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