MONROE, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)IHM SENIOR LIVING COMMUNITY INC, founded in 2017, is a mid-sized nonprofit that reported $16.7M in total revenue in fiscal year 2024. Revenue fell 76% from the prior year — a significant decline worth monitoring. Expenses of $18.6M exceeded revenue, resulting in a 11% operating deficit.
WE COMMIT OURSELVES TO CREATING AN ATMOSPHERE OF LIFE WHERE EACH RESIDENT CAN ACHIEVE THE HIGHEST QUALITY OF LIFE AND ESTABLISH LOVING, CARING RELATIONSHIPS WITH EACH OTHER.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $16,693,887 | $68,245,172 | -0.8% |
| Expenses | $18,605,075 | $19,676,061 | -0.1% |
| Net Income | $-1,911,188 | $48,569,111 | -1.0% |
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 |
|---|---|---|---|---|---|---|
| STEVE HORSTMANN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JANE MCCROSSAN | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHRYN WORNSON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID HOFFMANN | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SR PAT MCCLUSKY | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FR JOSEPH GILLESPIE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE MEADS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DR MONICA PARMAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PATRICK TAFFE | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| CRAIG ABBOTT | PRESIDENT & CEO | 7.00 |
Officer
|
$0 | $34,746 | $708,358 |
| CALVIN SHELANGOSKI | CFO | 7.00 |
Officer
|
$0 | $31,601 | $402,268 |
| NICOLE R KENNEDY | DIRECTOR OF HEALTH CARE CE | 40.00 |
Highest
|
$130,615 | $16,016 | $146,631 |
| SHAUNA HILL | DIRECTOR OF NURSING | 40.00 |
Highest
|
$113,955 | $7,362 | $121,317 |
| VERONICA HARMON | MEDICAL TECHNICIAN | 40.00 |
Highest
|
$103,248 | $5,588 | $108,836 |
| IRENE HARMON | MEDICAL TECHNICIAN | 40.00 |
Highest
|
$102,070 | $5,588 | $107,658 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $16,693,887 | $18,605,075 | $50,836,574 | $-1,911,188 |
| 2024 | No data | No data | No data | No data |
| 2023 | $17,218,484 | $17,218,481 | $46,602,647 | $3 |
| 2022 | $15,007,251 | $14,996,850 | $3,181,677 | $10,401 |
| 2021 | $16,541,195 | $16,525,450 | $3,778,118 | $15,745 |
| 2020 | $16,070,782 | $16,019,367 | $2,222,262 | $51,415 |
| 2018 | $7,570,618 | $7,563,486 | $2,126,798 | $7,132 |
Compare IHM SENIOR LIVING COMMUNITY INC with other nonprofits in Michigan and across the country.