Redstone Village FKA REDSTONE MILI… - 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

1994

Legal Domicile

Phone

2568816717

Tax Period

2024-01-01 to 2024-12-31

Redstone Village FKA REDSTONE MILITARY RETIREMENT, founded in 1994, is a mid-sized nonprofit in the Housing & Shelter sector that reported $24.6M in total revenue in fiscal year 2024. Expenses of $27.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE HOUSING, HEALTHCARE, AND RELATED SERVICES TO MEET THE NEEDS OF ELDERLY PERSONS IN THE STATE OF ALABAMA CONTRIBUTING TO THEIR HEALTH, SECURITY, HAPPINESS, AND PHYSICAL AND MENTAL WELL-BEING.

Program Service Accomplishments

Program 1

Expenses: $23,762,707 Revenue: $24,231,156

THE ORGANIZATION PROVIDES HOUSING, HEALTHCARE AND RELATED SERVICES TO SENIOR ADULTS THROUGH THE OPERATION OF A CONTINUING CARE RETIREMENT COMMUNITY IN HUNTSVILLE, ALABAMA. THE COMMUNITY CONSISTS OF 127 INDEPENDENT LIVING APARTMENT UNITS, 21 INDEPENDENT LIVING PATIO HOMES, 60 COMBINED ASSISTED LIVING AND CATERED LIVING APARTMENT UNITS, A 48-BED MEMORY SUPPORT ASSISTED LIVING CENTER, AND A 56 BED SKILLED NURSING CENTER. REDSTONE VILLAGE PROVIDES VARIOUS SERVICES TO ITS RESIDENTS, SUCH AS, FOOD PREPARATION AND SERVICE, ACTIVITIES, HOUSEKEEPING, MAINTENANCE AND TRANSPORTATION SERVICES TO CONTRIBUTE TO THE RESIDENTS' HEALTH, SECURITY, HAPPINESS AND PHYSICAL WELL-BEING, WHICH IS THE ORGANIZATION'S EXEMPT PURPOSE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $17,547

Program Service Revenue $24,231,156

Investment Income $355,420

Other Revenue $34,111

TOTAL REVENUE $24,638,234

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,500,193

Fundraising Expenses $0

Program Expenses $23,762,707

Other Expenses $16,927,322

TOTAL EXPENSES $27,427,515

Year-over-Year Comparison

	2024	2023	Change
Revenue	$24,638,234	$23,352,079	+0.1%
Expenses	$27,427,515	$25,961,747	+0.1%
Net Income	$-2,789,281	$-2,609,668	+0.1%

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

382

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
COL RET ARTHUR MEIER II	PRESIDENT/TREASURER	2.5	Officer Director	$0	$0	$0
COL RET TOM HOUSER	1ST VICE PRESIDENT	2.5	Officer Director	$0	$0	$0
PATTY ANGLES	SECRETARY	0.8	Officer Director	$0	$0	$0
SCOTT SHIFRIN	2ND VICE PRESIDENT	2.5	Officer Director	$0	$0	$0
BILL ANDREWS	BOARD MEMBER	2.5	Director	$0	$0	$0
ELIZABETH GARCIA	BOARD MEMBER	2.5	Director	$0	$0	$0
FRED BICKLEY	BOARD MEMBER	0.6	Director	$0	$0	$0
JACKSON BALCH	BOARD MEMBER	0.6	Director	$0	$0	$0
JOCELYN CRAIGHEAD	BOARD MEMBER	2.5	Director	$0	$0	$0
MAC BUTRAM	BOARD MEMBER	2.5	Director	$0	$0	$0
MARC JACOBSON	BOARD MEMBER	10.0	Director	$0	$0	$0
MARK VAUGHN	BOARD MEMBER	5.0	Director	$0	$0	$0
ROSALYNNE STRICKLAND	BOARD MEMBER	2.5	Director	$0	$0	$0
WALTER BUTLER	BOARD MEMBER	10.0	Director	$0	$0	$0
WILLIAM SANDERSON	BOARD COUNSEL	2.5	Director	$0	$0	$0
ANGIE SMITH	EXECUTIVE DIRECTOR	40.0	Officer	$0	$0	$0
AMY REYNOLDS	DIRECTOR OF NURSING	40.0	Highest	$132,997	$5,226	$138,223
ANTHONY L JOHNSON	SKILLED NURSING ADMINISTRATOR	40.0	Highest	$100,737	$16,500	$117,237
CATINA JOYCETTE RASBERRY- JOHNSO	LICENSED PRACTICAL NURSE	59.0	Highest	$132,769	$0	$132,769
LAUREN PHILLIPS DAVIS	DIRECTOR OF SALES/MKTG	40.0	Highest	$114,113	$2,700	$116,813
VICKI NESMITH	SKILLED NURSING ADMINISTRATOR	40.0	Highest	$116,009	$9,281	$125,290

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	$24,638,234	$27,427,515	$73,551,980	$-2,789,281
2023	$23,352,079	$25,961,747	$74,126,993	$-2,609,668
2022	$20,365,181	$32,333,716	$73,984,315	$-11,968,535
2021	$19,548,176	$24,937,984	$75,839,783	$-5,389,808
2020	$18,289,718	$23,910,534	$77,996,704	$-5,620,816
2019	$18,424,952	$24,712,417	$76,752,741	$-6,287,465
2018	$16,847,590	$22,178,858	$76,754,599	$-5,331,268

Redstone Village FKA REDSTONE MILITARY RETIREMENT