Oakwood Retirement Village (EIN 731397021) - Form 990 Financial Analysis & Trantor Score

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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

1992

Legal Domicile

Principal Officer

Chad West

Phone

5802492600

Tax Period

2022-01-01 to 2022-12-31

Oakwood Retirement Village, founded in 1992, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2022. Revenue decreased 11% compared to the prior year. Expenses of $10.8M exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDE COMPASSIONATE CARE AND SERVICE TO OUR RESIDENTS AND A NURTURING WORKPLACE FOR EMPLOYEES BY OPERATING IN A MANNER CONSISTENT WITH BIBLICAL PRINCIPLES AND VALUES

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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 (2022)

Revenue Breakdown

Contributions & Grants $460,145

Program Service Revenue $8,353,035

Investment Income $62

Other Revenue $8,595

TOTAL REVENUE $8,821,837

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,529,452

Fundraising Expenses $0

Program Expenses $10,164,958

Other Expenses $4,313,590

TOTAL EXPENSES $10,843,042

Year-over-Year Comparison

	2022	2021	Change
Revenue	$8,821,837	$9,953,640	-0.1%
Expenses	$10,843,042	$9,644,728	+0.1%
Net Income	$-2,021,205	$308,912	-7.5%

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

247

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

$123,298

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARK GRAY	EXECUTIVE DIRECTOR END:07/22	50.0	Officer	$68,057	$0	$68,057
DAWN ANN MENDENHALL	EXEC. DIRECTOR 7/22-10/22	0.5	Officer	$43,905	$0	$43,905
CHAD WEST	EXECUTIVE DIRECTOR START:11/22	50.0	Officer	$11,336	$0	$11,336
BUDDY NICHOLAS	SECRETARY	0.5	Officer Director	$0	$0	$0
KYLE LILLIE	PRESIDENT	0.5	Officer Director	$0	$0	$0
ANNETTE LILLIE	DIRECTOR	0.5	Director	$0	$0	$0
GARY LILLIE	DIRECTOR	0.5	Director	$0	$0	$0
TOM EVANS	VICE CHAIR	0.5	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
2022	$8,821,837	$10,843,042	$5,803,615	$-2,021,205
2021	$9,953,640	$9,644,728	$5,967,618	$308,912
2020	$10,557,285	$9,698,692	$6,058,575	$858,593
2019	$6,935,239	$6,692,149	$5,212,985	$243,090

Oakwood Retirement Village