PRESBYTERIAN RETIREMENT CORPORATION INC

EIN: 630770753 501(c)(3)

FORT WASHINGTON, PA

Total Revenue
$1,461,143
Total Expenses
$1,401,875
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1983
Legal Domicile
AL
Principal Officer
GERALD T GRANT
Phone
2156618330
Tax Period
2023-01-01 to 2023-01-31

PRESBYTERIAN RETIREMENT CORPORATION INC, founded in 1983, is a community nonprofit that reported $1.5M in total revenue in fiscal year 2023. Revenue fell 91% from the prior year — a significant decline worth monitoring. Expenses of $1.4M left a modest 4% surplus.

Mission

PRESBYTERIAN RETIREMENT CORPORATION'S PURPOSE IS TO SERVE OLDER ADULTS SIXTY-TWO YEARS OF AGE AND OLDER, PROVIDING RETIREMENT-LIFE SERVICES INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING CARE AND COMPLEMENTARY SERVICES; RESPONSIVE TO RESIDENT NEEDS IN A CHRISTIAN MANNER WITHOUT PREJUDICE OR PREFERENCE TO ANY FAITH, IN AN EXPRESSION OF LOVING KINDNESS.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $1,450,644
Investment Income $576
Other Revenue $9,923
TOTAL REVENUE $1,461,143

Expense Breakdown

Grants Paid $0
Salaries & Benefits $668,096
Fundraising Expenses $0
Program Expenses $1,228,904
Other Expenses $733,779
TOTAL EXPENSES $1,401,875

Year-over-Year Comparison

2023 2022 Change
Revenue $1,461,143 $17,004,461 -0.9%
Expenses $1,401,875 $18,372,465 -0.9%
Net Income $59,268 $-1,368,004 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
7
Independent Members
5
Employees
N/A
Volunteers
5

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
6
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GERALD T GRANT CEO & CHAIRMAN 1.00
Officer Director
$0 $0 $0
KAREN I CHRISTIANSEN PRESIDENT & VICE CHAIRMAN 1.00
Officer Director
$0 $0 $0
JOHN L ESTERHAI JR MD DIRECTOR 0.30
Director
$0 $0 $0
MARVIN MASHNER DIRECTOR 0.30
Director
$0 $0 $0
ROBERT B EVANS DIRECTOR 0.50
Director
$0 $0 $0
JOHN E LAMMERS MD DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL D KELLY DIRECTOR 0.50
Director
$0 $0 $0
GLENN D FOX SECRETARY 5.00
Officer
$0 $0 $0
GEORGE R BRYAN ASSISTANT SECRETARY 1.00
Officer
$0 $0 $0
SUSAN AHERN TREASURER 1.00
Officer
$0 $0 $0
PEGGY C VALDIVIA ASSISTANT TREASURER 0.50
Officer
$0 $0 $0
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
2023 $1,461,143 $1,401,875 No data $59,268
2022 $17,004,461 $18,372,465 $50,223,038 $-1,368,004
2021 $15,164,837 $16,552,547 $46,932,123 $-1,387,710
2020 $14,854,093 $16,631,813 $45,889,379 $-1,777,720
2019 $15,445,295 $15,947,892 $44,984,589 $-502,597
2018 $15,313,786 $14,894,861 $39,541,392 $418,925
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