MIRABELLA AT SOUTH WATERFRONT

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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

2006

Legal Domicile

Principal Officer

LYNN JOHNSON

Phone

8887246424

Tax Period

2023-10-01 to 2024-09-30

MIRABELLA AT SOUTH WATERFRONT, founded in 2006, is a mid-sized nonprofit in the Housing & Shelter sector that reported $27.4M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $36.1M exceeded revenue, resulting in a 32% operating deficit.

Mission

MIRABELLA AT SOUTH WATERFRONT IS A PREMIER CONTINUING CARE COMMUNITY DEDICATED TO ENRICHING THE LIVES OF SENIORS.

Program Service Accomplishments

Program 1

Expenses: $29,034,485 Revenue: $26,337,751

MIRABELLA AT SOUTH WATERFRONT IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS' QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE, AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING.

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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 $451,890

Program Service Revenue $26,337,751

Investment Income $570,162

Other Revenue $15,764

TOTAL REVENUE $27,375,567

Expense Breakdown

Grants Paid $184,781

Salaries & Benefits $14,240,790

Fundraising Expenses $0

Program Expenses $29,034,485

Other Expenses $21,642,743

TOTAL EXPENSES $36,068,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$27,375,567	$24,302,998	+0.1%
Expenses	$36,068,314	$35,694,537	+0.0%
Net Income	$-8,692,747	$-11,391,539	-0.2%

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

309

Volunteers

120

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

$344,273

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LYNN JOHNSON	CHAIR	1.00	Officer Director	$0	$0	$0
RICK HAWKINS	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRISTOPHER TIFF WOOD	SECRETARY	1.00	Officer Director	$0	$0	$0
JAMES JIM MCGILL	RESIDENT DIRECTOR	1.00	Director	$0	$0	$0
SHARON VAN EATON	EXECUTIVE DIRECTOR	40.00	Key Emp	$301,583	$42,690	$344,273
STEPHANIE COOK	ADMINISTRATOR	40.00	Highest	$152,378	$38,200	$190,578
TRISTILYNN CHOE	DIRECTOR OF NURSING	40.00	Highest	$155,152	$19,210	$174,362
RENEE HIX	SALES & MARKETING DIRECTOR	40.00	Highest	$123,509	$16,964	$140,473
RENEE HANKS-CHAN	HR DIRECTOR	40.00	Highest	$132,032	$9,242	$141,274
KENT LIEBELT	DIRECTOR FACILITY SERVICES	40.00	Highest	$110,274	$18,831	$129,105

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	$27,375,567	$36,068,314	$159,281,940	$-8,692,747
2023	$24,302,998	$35,694,537	$164,111,116	$-11,391,539
2022	$25,314,257	$30,751,027	$163,946,297	$-5,436,770
2021	$25,337,918	$29,168,046	$173,639,306	$-3,830,128
2020	$22,914,701	$28,364,070	$173,859,161	$-5,449,369
2019	$24,059,548	$27,950,270	$173,662,325	$-3,890,722
2018	$24,963,907	$27,524,163	$178,711,410	$-2,560,256