WHITEMARSH CONTINUING CARE RETIREM… - Form 990 Financial Data

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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

2001

Legal Domicile

Principal Officer

COREY EVANS

Phone

2154028500

Tax Period

2023-01-01 to 2023-12-31

WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY, founded in 2001, is a mid-sized nonprofit in the Housing & Shelter sector that reported $50.1M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE QUALITY RESIDENTIAL AND HEALTH CARE SERVICES TO SENIOR CITIZENS IN OUR SURROUNDING COMMUNITIES TO ALLOW OUR RESIDENTS TO LIVE AS INDEPENDENT A LIFESTYLE AS POSSIBLE WITH DIGNITY AND COMPASSION.

Program Service Accomplishments

Program 1

Expenses: $47,189,291 Revenue: $44,061,362

WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY OWNS AND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE, DINING, WELLNESS AND RELATED SERVICES AND AMENITIES TO...

WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY OWNS AND OPERATES A CONTINUING CARE RETIREMENT COMMUNITY WHICH PROVIDES HOUSING, HEALTH CARE, DINING, WELLNESS AND RELATED SERVICES AND AMENITIES TO SERVE ITS 65 AND OLDER SENIOR RESIDENTS. THE COMMUNITY IS COMPRISED OF 213 APARTMENT RESIDENCES, 86 ATTACHED AND DETACHED SINGLE FAMILY HOMES, 60 SKILLED NURSING ROOMS AND 28 ASSISTED LIVING SUITES IN THE HEALTH CENTER AND DINING AND WELLNESS FACILITIES LOCATED ON 96 ACRES IN WHITEMARSH TOWNSHIP, PENNSYLVANIA. AS OF DECEMBER 31, 2023, 264 OF THE APARTMENTS AND SINGLE FAMILY HOMES WERE OCCUPIED. IN ADDITION, HILL HOME SERVICES, LLC PROVIDES NON-SKILLED, PRIVATE DUTY AIDE SERVICES TO INDIVIDUALS IN THEIR HOMES.

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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 $5,057,652

Program Service Revenue $43,940,482

Investment Income $617,276

Other Revenue $460,140

TOTAL REVENUE $50,075,550

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,581,354

Fundraising Expenses $0

Program Expenses $47,189,291

Other Expenses $34,120,813

TOTAL EXPENSES $53,702,167

Year-over-Year Comparison

	2023	2022	Change
Revenue	$50,075,550	$40,846,709	+0.2%
Expenses	$53,702,167	$50,183,818	+0.1%
Net Income	$-3,626,617	$-9,337,109	-0.6%

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

412

Volunteers

100

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

$1,201,048

Total Directors

$544,686

Key Employees

$240,447

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL LUBARSKY	CHAIRMAN	2.00	Officer Director	$0	$0	$0
WILLIAM MARAZZO	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
LYNN LEWIS	TREASURER	1.00	Officer Director	$0	$0	$0
RICHARD L JONES JR	SECRETARY	1.00	Officer Director	$0	$0	$0
HUGH MOULTON	SECRETARY (LEFT JUNE 23)	1.00	Officer Director	$0	$0	$0
EDITH DIXON	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN PARKS	DIRECTOR	0.50	Director	$0	$0	$0
DEBRA ROBERTS	DIRECTOR	0.50	Director	$0	$0	$0
BRUCE FICKEN	DIRECTOR	0.50	Director	$0	$0	$0
DEBBIE RODGERS	DIRECTOR	0.50	Director	$0	$0	$0
JUDITH MCGRUTHER	CHIEF EXECUTIVE OFFICER	40.00	Officer Director	$526,076	$18,610	$544,686
KEN LEVITAN	DIRECTOR	0.50	Director	$0	$0	$0
ANDREW CANTOR	DIRECTOR	0.50	Director	$0	$0	$0
LYNNE DAVIS	DIRECTOR	0.50	Director	$0	$0	$0
SHARON PATTON-THAXTON	DIRECTOR	0.50	Director	$0	$0	$0
RICHARD BRANTON	DIRECTOR	0.50	Director	$0	$0	$0
PETER RYAN	DIRECTOR	0.50	Director	$0	$0	$0
PATRICE HAVERSTICK	DIRECTOR	0.50	Director	$0	$0	$0
JANE LAGRECA	DIRECTOR	0.50	Director	$0	$0	$0
EFRAM SILBERSTEIN	DIRECTOR	0.50	Director	$0	$0	$0
PETER FLEMING	CHIEF OPERATING OFFICER	40.00	Officer	$324,030	$28,188	$352,218
WILLIAM MCCORMICK	CHIEF FINANCIAL OFFICER	40.00	Officer	$274,674	$29,470	$304,144
SUSAN MCMENAMIN	CHIEF HUMAN RESOURCE OFFIC	40.00	Key Emp	$223,669	$16,778	$240,447
CHRISTINE DWYER	SALES/MARKETING DIRECTOR	40.00	Highest	$260,123	$15,560	$275,683
COREY EVANS	DIRECTOR OF HEALTHCARE	40.00	Highest	$207,123	$6,394	$213,517
JOSEPH ILLUMINATI	DIRECTOR OF INFORMATION TECHNOLOGY	40.00	Highest	$139,459	$26,458	$165,917
NICOLE BENNETT	DIRECTOR OF RESIDENT SERVICES & DEVELOPMENT	40.00	Highest	$135,281	$27,063	$162,344
KELLY HOOVEN	DIRECTOR OF FINANCE	40.00	Highest	$144,551	$13,455	$158,006

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	$50,075,550	$53,702,167	$241,696,788	$-3,626,617
2022	$40,846,709	$50,183,818	$234,929,225	$-9,337,109
2021	$39,315,037	$46,214,629	$237,675,792	$-6,899,592
2020	$40,014,582	$41,853,035	$241,951,376	$-1,838,453
2019	$37,440,950	$39,335,962	$246,145,474	$-1,895,012
2018	$35,121,190	$37,562,632	$240,398,481	$-2,441,442

WHITEMARSH CONTINUING CARE RETIREMENT COMMUNITY