MULTI-FAITH RETIREMENT SERVICES

EIN: 720809402 501(c)(3)

SHREVEPORT, LA

Total Revenue
$12,976,793
Total Expenses
$13,989,408
Total Assets
$13,466,404
Net Assets
$6,383,869
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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
1977
Legal Domicile
LA
Principal Officer
JERRY A FIELDER II
Phone
3187971900
Tax Period
2023-10-01 to 2024-09-30

MULTI-FAITH RETIREMENT SERVICES, founded in 1977, is a mid-sized nonprofit that reported $13.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

PROVIDING HOUSING, HEALTHCARE AND RELATED SERVICES TO THE ELDERLY

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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 $12,518,496
Investment Income $585
Other Revenue $457,712
TOTAL REVENUE $12,976,793

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,268,801
Fundraising Expenses $0
Program Expenses $11,297,884
Other Expenses $7,720,607
TOTAL EXPENSES $13,989,408

Year-over-Year Comparison

2023 2022 Change
Revenue $12,976,793 $10,591,835 +0.2%
Expenses $13,989,408 $12,994,606 +0.1%
Net Income $-1,012,615 $-2,402,771 -0.6%
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

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Governance

Voting Members
10
Independent Members
6
Employees
134
Volunteers
37

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
3
$2,646,411
Total Directors
10
$2,882,577
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JERRY A FIELDER II PRESIDENT/CEO/TRUSTEE 5.00
Officer Director
$0 $31,447 $2,646,411
JAMES K ELROD FORMER CEO/TRUSTEE 4.00
Director
$0 $0 $0
PIERRE V BLANCHARD IV MD TRUSTEE/PHYSICIAN 4.00
Director
$0 $12,234 $236,166
FRANK B HUGHES MD TRUSTEE/CHAIRMAN 4.00
Director
$0 $0 $0
DEBORAH D OLDS TRUSTEE 4.00
Director
$0 $0 $0
RICHARD H SALE TRUSTEE/SECRETARY 4.00
Officer Director
$0 $0 $0
EUGENE W BRYSON JR TRUSTEE 4.00
Director
$0 $0 $0
ELAINE SIMPKINS PHD TRUSTEE 4.00
Director
$0 $0 $0
RAYMOND J LASSEIGNE TRUSTEE 4.00
Director
$0 $0 $0
LAMAR P PUGH TRUSTEE/COMPLIANCE OFFICER 4.00
Officer Director
$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
2024 $12,976,793 $13,989,408 $13,466,404 $-1,012,615
2023 $10,591,835 $12,994,606 $12,922,652 $-2,402,771
2022 $10,423,338 $12,305,329 $13,022,526 $-1,881,991
2021 $10,872,483 $12,006,852 $13,466,156 $-1,134,369
2020 $12,817,982 $11,817,913 $15,168,762 $1,000,069
2019 $12,511,066 $12,910,925 $17,149,492 $-399,859
2018 $12,301,835 $12,459,767 $19,031,336 $-157,932
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