Edgewater Place Inc

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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

Phone

5745374000

Tax Period

2024-07-01 to 2025-06-30

Edgewater Place Inc, founded in 2017, is a micro nonprofit in the Human Services sector that reported $208K in total revenue in fiscal year 2024. Revenue fell 110% from the prior year — a significant decline worth monitoring.

Mission

EDGEWATER PLACE, INC. IS A NON-PROFIT ASSISTED LIVING COMMUNITY, LOCATED IN PLAIN CITY, OHIO. IT SERVES RESIDENTS IN THE CENTRAL OHIO AREA, INCLUDING NEARBY DUBLIN, DELAWARE, HILLIARD, LONDON, POWELL, WESTERVILLE AND MARYSVILLE. IT IS AFFILIATED WITH GREENCROFT RETIREMENT COMMUNITIES, INC., ("GRC") A 501(C)(3) ORGANIZATION. THE FOCUS OF EDGEWATER PLACE IS TO PROVIDE HOUSING, ASSISTED LIVING, AND CARE TO THE ELDERLY ON A NON-PROFIT BASIS.

Program Service Accomplishments

Program 1

EDGEWATER PLACE IS A FIFTY-SIX (56) UNIT ASSISTED LIVING BUILDING. WE HAVE A COMMON DINING ROOM THAT PROVIDES THREE MEALS A DAY TO OUR RESIDENTS. THERE ARE SEVERAL COMMON SPACES FOR RESIDENTS TO USE INCLUDING: AN ACTIVITY ROOM, OUTSIDE PORCHES, LAUNDRY ROOMS, COMMON GATHERING ROOMS, ETC. WE ARE LICENSED TO SERVE 80 RESIDENTS. OUR ROOMS CAN BE SINGLE OCCUPANCY OR DOUBLE OCCUPANCY, IF A MARRIED COUPLE. WE HAVE 32 RESIDENTS LIVING IN OUR COMMUNITY AS OF JUNE 30, 2025.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $-208,138

Other Revenue $0

TOTAL REVENUE $-208,138

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $0

Other Expenses $0

TOTAL EXPENSES $0

Year-over-Year Comparison

	2024	2023	Change
Revenue	$-208,138	$2,089,819	-1.1%
Expenses	N/A	$2,542,508	-1.0%
Net Income	N/A	$-452,689	N/A

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

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

$905,255

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANE WOODWORTH	BOARD VICE CHAIR	1.0	Officer Director	$0	$0	$0
JULIE CROSSLEY	BOARD CHAIR	1.0	Officer Director	$0	$0	$0
JIM EVANS	BOARD MEMBER	1.0	Director	$0	$0	$0
JIM RIDENOUR	BOARD MEMBER	1.0	Director	$0	$0	$0
JOE CAFFEE	BOARD MEMBER	1.0	Director	$0	$0	$0
JONATHAN GEISER	BOARD MEMBER	1.0	Director	$0	$0	$0
STEVE GARBODEN	BOARD MEMBER	1.0	Director	$0	$0	$0
WES HERSCHBERGER	BOARD MEMBER	1.0	Director	$0	$0	$0
AIMEE RIEMKE	ASSISTANT SECRETARY	1.0	Officer	$0	$31,415	$193,933
ERIC HERSHBERGER LEFT 0425	ASSISTANT TREASURER	1.0	Officer	$0	$5,564	$95,367
JENNIFER STARKEY LEFT 0725	PRESIDENT	45.0	Officer	$0	$45,186	$110,100
LYNDA OLINSKI	TREASURER	1.0	Officer	$0	$14,689	$301,606
RYDELL BONTRAGER	SECRETARY	1.0	Officer	$0	$43,366	$204,249

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
2025	$-208,138	No data	$231,296	No data
2024	No data	No data	No data	No data
2023	$2,515,159	$3,099,852	$7,762,053	$-584,693
2022	$2,657,410	$2,680,689	$7,996,401	$-23,279
2021	$2,534,546	$2,464,015	$8,214,062	$70,531
2020	$2,465,852	$2,404,053	$8,429,855	$61,799
2019	$2,460,845	$2,391,233	$8,567,094	$69,612
2018	$2,114,622	$1,047,765	$8,527,779	$1,066,857