ALDERSGATE RETIREMENT COMMUNITY INC

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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

1985

Legal Domicile

Principal Officer

STEVE MCALILLY

Phone

6628448977

Tax Period

2023-01-01 to 2023-12-31

ALDERSGATE RETIREMENT COMMUNITY INC, founded in 1985, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023.

Mission

ALDERSGATE RETIREMENT COMMUNITY IS DEDICATED TO PROVIDING HOUSING AND PERSONAL CARE SERVICES TO THE ELDERLY OR DISABLED IN THE SPIRIT OF CHRISTIAN LOVE.

Program Service Accomplishments

Program 1

Expenses: $837,013 Revenue: $1,080,752

ALDERSGATE REITIREMENT COMMUNITY IS THE HOUSING CHOICE FOR SOME OF THE MOST ACTIVE OLDER ADULTS IN THE MERIDIAN, MISSISSIPPI AREA. DEDICATED TO SERVING OLDER ADULTS IN THE SPIRIT OF CHRISTIAN LOVE...

ALDERSGATE REITIREMENT COMMUNITY IS THE HOUSING CHOICE FOR SOME OF THE MOST ACTIVE OLDER ADULTS IN THE MERIDIAN, MISSISSIPPI AREA. DEDICATED TO SERVING OLDER ADULTS IN THE SPIRIT OF CHRISTIAN LOVE, THE EXPERIENCED STAFF MAKES ALDERSGATE A HOME WHERE RESIDENTS CAN TRULY ENJOY THEIR RETIREMENT WIH SOME OF THE BEST NEIGHBORS IN TOWN. ALDERSGATE RETIREMENT COMMUNITY HAS SIXTY INDEPENDENT LIVING APARTMENTS THAT CONSIST OF ONE AND TWO BEDROOMS. ONE MEAL A DAY FOR SIX DAYS A WEEK IS INCLUDED IN THE MONTHLY RATE FOR ALSERGATE. ALDERSGATEOFFERS RECREATIONAL, EDUCATIONAL, AND CULTURAL PROGRAMS ON A DAILY BASIS. THE PASTORAL CARE PROGRAM ENSURES THAT RESIDENTS' EMOTIONAL AND SPIRITUAL NEEDS ARE MET WHILE AN EMERGENCY CALL SYSTEM AND SCHEDULED TRANSPORTATION TO A RESIDENT'S DOCTOR OR SHOPPING FOR GROCERIES HELPS MAINTAIN PHYSICAL WELLNESS.

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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 $1,087,328

Investment Income $8,643

Other Revenue $0

TOTAL REVENUE $1,095,971

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $837,013

Other Expenses $1,119,308

TOTAL EXPENSES $1,119,308

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,095,971	$1,034,419	+0.1%
Expenses	$1,119,308	$1,059,281	+0.1%
Net Income	$-23,337	$-24,862	-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

N/A

Volunteers

467

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

$1,810,800

Total Directors

$1,154,893

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE MCALILLY	PRESIDENT/CEO	1.00	Officer Director	$0	$175,643	$719,237
CHRISTIE VANCE	VICE PRES/COO	1.00	Officer Director	$0	$19,402	$327,266
ROBYN STEPHENS	EXECUTIVE DIRECTOR	13.33	Officer Director	$0	$11,902	$108,390
TONY FOUTS	BOARD MEMBER	0.25	Director	$0	$0	$0
MARY GILMORE	BOARD MEMBER	0.25	Director	$0	$0	$0
WANDA HASTINGS	BOARD MEMBER	0.25	Director	$0	$0	$0
GEORGE HILL	CHAIRMAN	0.25	Director	$0	$0	$0
MAURICE H HALL JR	BOARD MEMBER	0.25	Director	$0	$0	$0
CHRIS LAUNDERDALE	BOARD MEMBER	0.25	Director	$0	$0	$0
JO BETH MARANTO	SECRETARY	0.25	Director	$0	$0	$0
JEFF MCCOY	BOARD MEMBER	0.25	Director	$0	$0	$0
BILL H WEST	CHAIR/EX OFFICIO	0.25	Director	$0	$0	$0
MINA BETH TONINI	BOARD MEMBER	0.25	Director	$0	$0	$0
ANN WEDDINGTON	VICE-CHAIR	0.25	Director	$0	$0	$0
CAY WEDGEWORTH	BOARD MEMBER	0.25	Director	$0	$0	$0
OTIS GOWDY	BOARD MEMBER	0.25	Director	$0	$0	$0
VICKY MCDONNELL	BOARD MEMBER	0.25	Director	$0	$0	$0
MICHAEL VAN VECKHOVEN	BOARD MEMBER	0.25	Director	$0	$0	$0
WINKY GLOVER	BOARD MEMBER	0.25	Director	$0	$0	$0
JIM ZUELZKE	VICE PRESIDENT FINANCE	1.00	Officer	$0	$19,173	$292,620
JEANNE CATIN	VICE PRES/HR AND BENEFITS	1.00	Officer	$0	$18,738	$226,801
ANNE-MICHELLE DANIEL	VICE PRES/LEADERSHIP DEV.	1.00	Officer	$0	$678	$136,486

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	$1,095,971	$1,119,308	$1,608,567	$-23,337
2022	$1,034,419	$1,059,281	$1,726,968	$-24,862
2021	$866,607	$1,026,665	$1,917,823	$-160,058
2020	$917,724	$955,590	$2,095,896	$-37,866
2019	$979,524	$1,053,821	$2,245,560	$-74,297
2018	$985,397	$966,549	$2,437,268	$18,848