PRESBYTERIAN RETIREMENT HOMES OF BIRMINGHAM INC (EIN 630726127) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1975

Legal Domicile

Principal Officer

CHADWICK L CARTER

Phone

2059562184

Tax Period

2023-01-01 to 2023-12-31

PRESBYTERIAN RETIREMENT HOMES OF BIRMINGHAM INC, founded in 1975, is a mid-sized nonprofit that reported $11.2M in total revenue in fiscal year 2018. Expenses of $10.0M left a modest 10% surplus.

Mission

THE MISSION IS TO MEET THE SOCIAL, PHYSICAL, AND ECONOMIC NEEDS OF THE AGING BY PROVIDING SERVICES INCLUDING INDEPENDENT LIVING ACCOMMODATIONS, ASSISTED LIVING AND SKILLED NURSING CARE OF A COMPREHENSIVE NATURE TO PERSONS REQUIRING THOSE DEGREES OF CARE.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $349,352

Program Service Revenue $14,756,672

Investment Income $355,930

Other Revenue $214,672

TOTAL REVENUE $15,676,626

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,223,564

Fundraising Expenses $0

Program Expenses $13,991,102

Other Expenses $8,200,642

TOTAL EXPENSES $15,424,206

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,676,626	$13,254,577	+0.2%
Expenses	$15,424,206	$12,822,979	+0.2%
Net Income	$252,420	$431,598	-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

281

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SUSIE ABBOTT	BOARD MEMBER	0.00	Director	$0	$0	$0
MARGARET ALEXANDER	BOARD MEMBER	0.00	Director	$0	$0	$0
PAT M FORMAN	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES E GRISHAM III	BOARD MEMBER	0.00	Director	$0	$0	$0
VERNA L LYONS	ASSISTANT SECRETARY	0.00	Director	$0	$0	$0
ROGER S MCCULLOUGH	BOARD MEMBER	0.00	Director	$0	$0	$0
KATHY T LEAVER	BOARD MEMBER	0.00	Director	$0	$0	$0
MERRY LEWIS	BOARD MEMBER	0.00	Director	$0	$0	$0
HENRY B RAY JR	BOARD MEMBER	0.00	Director	$0	$0	$0
ROGER A HARTLINE	BOARD MEMBER	0.00	Director	$0	$0	$0
FRANK H SUTHERLAND JR	BOARD MEMBER	0.00	Director	$0	$0	$0
RICHARD H MONK III	BOARD MEMBER	0.00	Director	$0	$0	$0
JAMES W SHEPHERD JR	BOARD MEMBER	0.00	Director	$0	$0	$0
MARION F WALKER	BOARD MEMBER	0.00	Director	$0	$0	$0
JOHN D HIGGINS III	CHAIRMAN	0.00	Officer	$0	$0	$0
MARGARET H BRUNSTAD	VICE CHAIRMAN	0.00	Officer	$0	$0	$0
JAMES S SNOW	TREASURER	0.00	Officer	$0	$0	$0
JOHN L FEAGIN JR	SECRETARY	0.00	Officer	$0	$0	$0
CHAD CARTER	PRESIDENT	40.00	Highest	$126,988	$26,857	$153,845
WILLIAM WIDMAN	CFO	40.00	Highest	$115,745	$15,140	$130,885
LASHAUNA HOOPER	NURSING	40.00	Highest	$132,493	$14,175	$146,668
MARGARET PETTY	NURSING	47.47	Highest	$121,540	$9,249	$130,789
GAYLE LEDBETTER	NURSING	56.82	Highest	$143,458	$7,616	$151,074
NADINE PORTER	NURSING	40.00	Highest	$131,320	$13,203	$144,523

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	$15,676,626	$15,424,206	$46,408,326	$252,420
2022	$13,254,577	$12,822,979	$39,741,457	$431,598
2021	$12,145,816	$11,697,405	$21,717,222	$448,411
2020	$13,185,569	$12,067,567	$13,022,578	$1,118,002
2019	$11,533,606	$10,746,008	$11,008,017	$787,598
2018	$11,212,696	$10,049,763	$10,240,627	$1,162,933

PRESBYTERIAN RETIREMENT HOMES OF BIRMINGHAM INC