THE WOODLANDS, TX
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)METHODIST RETIREMENT COMMUNITIES, founded in 1965, is a community nonprofit in the Housing & Shelter sector that reported $6.2M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $5.4M left a modest 12% surplus.
THE ORGANIZATION'S EXEMPT PURPOSE IS TO BE THE CORPORATE AND ADMINISTRATIVE HEADQUARTERS FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATED MINISTRIES.
THE ORGANIZATION IS THE CENTRAL SUPPORT HUB FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATES, AN ORGANIZATION COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN FAITH-BASED ENVIRONMENTS. THE...
THE ORGANIZATION IS THE CENTRAL SUPPORT HUB FOR METHODIST RETIREMENT COMMUNITIES AND ITS AFFILIATES, AN ORGANIZATION COMMITTED TO QUALITY LIVING FOR SENIOR ADULTS IN FAITH-BASED ENVIRONMENTS. THE ORGANIZATION TAKES GREAT PRIDE IN SEEING THAT OUR AFFILIATES ARE AN IMPORTANT PART OF THE BROADER, LOCAL COMMUNITY WHERE THEY SERVE SENIORS AND PROVIDE EMPLOYMENT IN MEETING OUR MISSION OF SERVICE MINISTRY TO SENIOR ADULTS. THE COVENANT CONNECTION WITH THE TEXAS ANNUAL CONFERENCE OF UNITED METHODISTS LINKS THE ORGANIZATION TO ITS HERITAGE AND ORIGIN, THOUGH THE ENTIRE SYSTEM OPENLY ACCEPTS PERSONS OF ALL FAITHS AND BELIEFS; WITH NO DISCRIMINATION TOWARD RESIDENTS, STAFF, BOARD MEMBERS, VOLUNTEERS, DONORS, VENDORS, ETC. THE ORGANIZATION ENCOURAGES DONATIONS TO OUR FOUNDATION TO HELP OUR AFFILIATES ASSIST AND RETAIN RESIDENTS WHO RUN LOW ON FUNDS OR EVENTUALLY EVEN OUT OF MONEY THROUGH NO FAULT OF THEIR OWN. THE ORGANIZATION PROVIDES FINANCE, ACCOUNTING, HUMAN RESOURCES, TECHNOLOGY, MARKETING, OPERATIONS AND EXECUTIVE & STRATEGIC PLANNING LEADERSHIP TO THE AFFILIATES OF MRC AS THE AFFILIATES PROVIDE SERVICES, PROGRAMS, ACTIVITIES, CARE AND HOUSING TO SENIORS IN INDEPENDENT/RESIDENTIAL APARTMENTS (BOTH MARKET-RATE AND LOW-INCOME), ASSISTED LIVING APARTMENTS, SPECIALTY MEMORY SUPPORT SUITES FOR THOSE WITH ALZHEIMER'S AND OTHER DEMENTIAS, SKILLED NURSING & REHABILITATION UNITS, AND HOME HEALTH & HOME SERVICES. THE ORGANIZATION OVERSEES THE LICENSING WHEREBY SOME OF THE ORGANIZATION'S AFFILIATES ACCEPT MEDICARE, MEDICAID AND/OR HUD PAYMENTS ALONG WITH PRIVATE PAY AND CERTAIN INSURANCE PLANS. THE ORGANIZATION ENCOURAGES ITS AFFILIATES TO ALSO OPEN ITS DOORS IN ITS LOCAL BROADER COMMUNITY TO PERIODICALLY PROVIDE SPACE USE FOR OTHER LOCAL NONPROFITS, SUCH AS LIONS, ROTARY, CHAMBER, ETC.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $6,183,819 | $8,582,800 | -0.3% |
| Expenses | $5,427,023 | $4,976,440 | +0.1% |
| Net Income | $756,796 | $3,606,360 | -0.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| MR ALAN BROWN | PRESIDENT AND CEO | 0.00 |
Officer
Director
|
$470,399 | $38,745 | $509,144 |
| MR DON STEPHENS | CHIEF FINANCIAL OFFICER | 2.00 |
Officer
|
$355,004 | $27,827 | $382,831 |
| MS AMY THOMAS | VP & EXECUTIVE DIRECTOR | 0.00 |
Highest
|
$187,564 | $36,685 | $224,249 |
| MS JILL JANES | VP OF SALES & MARKETING | 0.00 |
Highest
|
$186,282 | $36,092 | $222,374 |
| MR MATTHEW CURRIE | VP & EXECUTIVE DIRECTOR | 0.00 |
Highest
|
$201,044 | $3,993 | $205,037 |
| MS DEBORAH NUGENT | EXECUTIVE DIRECTOR | 0.00 |
Highest
|
$183,340 | $11,645 | $194,985 |
| MS FRANCES BELTRAN | VP OF HUMAN RESOURCES | 0.00 |
Highest
|
$166,437 | $23,961 | $190,398 |
| MRS ALYCE ANNE BAGGETT | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| REV PRESTON MORGAN | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| MR JIM BUNCH | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR DALE CONGER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV KIP GILTS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR WAYNE D HAGLUND | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR BILL KING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR BILL KOERNER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV ROMONICA MALONE-WARDLEY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV ED SIMMONS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR LARRY ST MARTIN | DIRECTOR (TERM END 6/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| MR FRANKIE WATSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| REV BILLY T WILLIAMSON | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MR THOMAS R WUSSOW | DIRECTOR (TERM END 6/23) | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $6,183,819 | $5,427,023 | $18,079,395 | $756,796 |
| 2022 | $8,582,800 | $4,976,440 | $16,751,294 | $3,606,360 |
| 2021 | $4,102,509 | $4,497,447 | $8,531,730 | $-394,938 |
| 2020 | $3,954,326 | $4,240,484 | $8,901,455 | $-286,158 |
| 2019 | $3,874,400 | $4,270,537 | $8,426,004 | $-396,137 |
| 2018 | $3,549,231 | $3,482,053 | $12,508,984 | $67,178 |
Compare METHODIST RETIREMENT COMMUNITIES with other nonprofits in Texas and across the country.