METHODIST RETIREMENT COMMUNITIES (EIN 741403088) - 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

1965

Legal Domicile

Principal Officer

DON STEPHENS

Phone

2813632600

Tax Period

2023-01-01 to 2023-12-31

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.

Mission

THE ORGANIZATION PROVIDES ACCOUNTING, HR, IT, MARKETING, OPERATIONS AND EXECUTIVE AND STRATEGIC PLANNING TO THE AFFILIATES OF MRC AS THEY PROVIDE SERVICES TO THE MRC COMMUNITIES.

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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 $816,866

Program Service Revenue $5,141,944

Investment Income $139,833

Other Revenue $85,176

TOTAL REVENUE $6,183,819

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,262,833

Fundraising Expenses $0

Other Expenses $1,164,190

TOTAL EXPENSES $5,427,023

Year-over-Year Comparison

	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%

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

1493

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

$891,975

Total Directors

$509,144

Key Employees

Highest Compensated

reported

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

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	$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

METHODIST RETIREMENT COMMUNITIES