MARY WADE RESIDENCE INC (EIN 821367321) - 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

2017

Legal Domicile

Principal Officer

DAVID V HUNTER

Phone

2035627222

Tax Period

2023-10-01 to 2024-09-30

MARY WADE RESIDENCE INC, founded in 2017, is a community nonprofit in the Human Services sector that reported $7.7M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THOSE IN NEED WITH HIGH QUALITY ASSISTED LIVING AND MEMORY CARE SERVICES IN ORDER TO MAINTAIN THE RESIDENTS INDIVIDUALITY IN A DIGNIFIED, CARING AND THRIVING SENIOR COMMUNITY. CHATHAM PLACE AT MARY WADE HAS 64 ASSISTED LIVING AND 20 MEMORY CARE MIDDLE MARKET APARTMENTS.

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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 $3,118,025

Program Service Revenue $4,579,848

Investment Income $13,000

Other Revenue $-7,210

TOTAL REVENUE $7,703,663

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,968,617

Fundraising Expenses $0

Program Expenses $7,032,331

Other Expenses $4,051,305

TOTAL EXPENSES $8,019,922

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,703,663	$6,641,057	+0.2%
Expenses	$8,019,922	$7,565,266	+0.1%
Net Income	$-316,259	$-924,209	-0.7%

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

N/A

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

$564,347

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOANNE MCGLOIN	CO-CHAIR	0.40	Officer Director	$0	$0	$0
BRUCE TOPOLOSKY	CO-CHAIR	0.40	Officer Director	$0	$0	$0
BARBARA C ADAMS	DIRECTOR	0.20	Officer Director	$0	$0	$0
MARJORIE FUNK	SECRETARY	0.20	Officer Director	$0	$0	$0
JACQUELINE HENCHEL MD	SECRETARY (UNTIL 8/24)	0.20	Officer Director	$0	$0	$0
BRANDON MCFARLANE	TREASURER	0.20	Officer Director	$0	$0	$0
MARY BETH CANAVAN	DIRECTOR (UNTIL 12/23)	0.20	Director	$0	$0	$0
BERNADETTE DIGUILIAN	DIRECTOR	0.20	Director	$0	$0	$0
JOYCE DUPEE	DIRECTOR	0.20	Director	$0	$0	$0
PATRICIA A GANUN	DIRECTOR (UNTIL 12/23)	0.20	Director	$0	$0	$0
HOWARD HILL	DIRECTOR	0.20	Director	$0	$0	$0
REV THOMAS JACKSON	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT KESSLER	DIRECTOR	0.20	Director	$0	$0	$0
ANGELA MATTIE	DIRECTOR	0.20	Director	$0	$0	$0
MICHAEL MORAND	DIRECTOR (UNTIL 11/23)	0.20	Director	$0	$0	$0
NICHOLAS R NICHOLSON JR PHD	DIRECTOR	0.20	Director	$0	$0	$0
ALEXANDER OVERKAMP	DIRECTOR	0.20	Director	$0	$0	$0
MICHELLE LEE RODRIGUEZ	DIRECTOR	0.20	Director	$0	$0	$0
HAROLD S SPITZER	DIRECTOR (UNTIL 12/23)	0.20	Director	$0	$0	$0
PAMELA STANTON	DIRECTOR	0.20	Director	$0	$0	$0
STEVE WOLFSON MD	DIRECTOR	0.20	Director	$0	$0	$0
DAVID V HUNTER	PRESIDENT & CEO	5.00	Officer	$39,010	$63,653	$375,737
WILLIAM GINTER	CFO	5.00	Officer	$19,190	$35,091	$188,610

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	$7,703,663	$8,019,922	$31,557,206	$-316,259
2023	$6,641,057	$7,565,266	$32,812,938	$-924,209
2022	$3,425,075	$4,969,013	$34,457,731	$-1,543,938

MARY WADE RESIDENCE INC