PRESBYTERIAN RETIREMENT CORPORATIO… - 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

1983

Legal Domicile

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

AS AN ACTS RETIREMENT-LIFE COMMUNITY, PRESBYTERIAN RETIREMENT CORPORATION, INC. IS COMMITTED TO PROVIDING SECURITY AND PEACE OF MIND TO SENIORS BY BEING THE PRE-EMINENT PROVIDER OF RETIREMENT-LIFE SERVICES, RESPONSIVE TO INDIVIDUAL, SOCIAL, PERSONAL, HEALTH AND SPIRITUAL NEEDS IN A CHRISTIAN ATMOSPHERE GRACED WITH LOVING-KINDNESS, DIGNITY, SENSITIVITY, HONESTY, AND RESPECT WITHOUT PREJUDICE OR PREFERENCE.

Program Service Accomplishments

Program 1

Expenses: $1,228,904 Revenue: $1,450,644

PRESBYTERIAN RETIREMENT CORPORATION PROVIDED COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDED INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL...

PRESBYTERIAN RETIREMENT CORPORATION PROVIDED COMPREHENSIVE LIFE CARE SERVICES TO SENIOR ADULTS AGED 62 AND OLDER THAT INCLUDED INDEPENDENT LIVING HOUSING, DINING AND NUTRITIONAL SERVICES, PASTORAL SERVICES, SECURITY, HOUSEKEEPING, MAINTENANCE SERVICES AND SOCIAL, CULTURAL, EDUCATIONAL, SPIRITUAL AND RECREATIONAL ACTIVITIES. IN ADDITION, WHEN A RESIDENT'S HEALTH CARE NEEDS CHANGED, HOME HEALTH, ASSISTED LIVING, SKILLED NURSING CARE AND HOSPICE SERVICES WERE AVAILABLE. ALL PHYSICAL ACCOMMODATIONS AND SERVICES WERE PROVIDED UNDER THE TERMS OF A FORMAL LIFECARE AGREEMENT WHICH ALSO ASSURED THAT ASSISTED LIVING AND SKILLED NURSING CARE WERE PROVIDED TO RESIDENTS WHEN THEY NEEDED IT, WITHOUT A CHANGE IN THEIR MONTHLY FEE, THEREBY OFFERING FURTHER SECURITY AND PEACE OF MIND. IN JANUARY 2023, PRESBYTERIAN RETIREMENT CORPORATION SERVED, ON AVERAGE, 222 RESIDENTS IN INDEPENDENT LIVING, 13 IN ASSISTED LIVING AND 42 RESIDENTS IN SKILLED CARE.

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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 $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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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

N/A

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

Total Directors

Key Employees

Highest Compensated

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

PRESBYTERIAN RETIREMENT CORPORATION INC