MARLETTE, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)MARLETTE SENIOR LIVING, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 204% from the prior year, signaling strong growth momentum. Expenses of $2.9M exceeded revenue, resulting in a 157% operating deficit.
PROVIDING EXCEPTIONAL CARE CLOSE TO HOME AS THE LEADING RURAL HEALTHCARE ORGANIZATION
THE HEARTLANDS STARTED 2024 WITH 6 RESIDENTS IN ASSISTED LIVING, 0 RESIDENTS IN MEMORY CARE AND 14 RESIDENTS IN 10 INDEPENDENT LIVING VILLAS. BY THE END OF 2024, THE HEARTLANDS MORE THAN TRIPLED...
THE HEARTLANDS STARTED 2024 WITH 6 RESIDENTS IN ASSISTED LIVING, 0 RESIDENTS IN MEMORY CARE AND 14 RESIDENTS IN 10 INDEPENDENT LIVING VILLAS. BY THE END OF 2024, THE HEARTLANDS MORE THAN TRIPLED OCCUPANCY IN THE MAIN BUILDING, ENDING THE YEAR WITH 15 RESIDENTS IN ASSISTED LIVING AND 9 RESIDENTS IN MEMORY CARE. THE INDEPENDENT LIVING VILLAS ENDED 2024 AT A 75% OCCUPANCY RATE WITH 21 RESIDENTS LIVING IN 15 VILLAS.THE HEARTLANDS OFFERED NUMEROUS FREE EDUCATIONAL AND FITNESS OPPORTUNITIES TO NOT ONLY OUR RESIDENTS, BUT RESIDENTS FROM NEIGHBORING COUNTIES. THESE EVENTS HAVE POSITIONED THE HEARTLANDS AS A WELL-KNOWN, POSITIVE COMMON GROUND FOR SENIOR CITIZENS IN THE AREA TO GET ACTIVE AND LEARN MORE ABOUT THE DIFFERENT STAGES AND PHASES OF LIFE THEY MAY BE EXPERIENCING. ON TOP OF THE FREE EDUCATIONAL PROGRAMS, THE HEARTLANDS COMMUNITY CENTER SPACE WAS USED FOR MULTIPLE BIRTHDAY PARTIES, BABY SHOWERS, BRIDAL SHOWERS, FAMILY REUNIONS AND MORE. THE TOTAL NUMBER OF EVENTS HELD IN THE SPACE FOR 2024 WAS 108, WHICH IS FIVE TIMES AS MANY AS THE AMOUNT THAT WAS HELD IN 2023.THE TEAM AT THE HEARTLANDS ATTENDED COMMUNITY EVENTS IN HURON, TUSCOLA, AND SANILAC COUNTIES.
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 | $1,121,267 | $368,255 | +2.0% |
| Expenses | $2,881,596 | $1,060,420 | +1.7% |
| Net Income | $-1,760,329 | $-692,165 | +1.5% |
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 |
|---|---|---|---|---|---|---|
| PAT CURTIS | CHAIRMAN | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GAIL DENTON | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAVID MESSING | SECRETARY | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL STARLING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ERIK TAMLYN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| FAITH FAHRNER RN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JUDY BROWN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL ROHLING | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SCOTT ORR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| STEVE ELLIS | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| VICTORIA MEIBURG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANDREW DANIELS | CO-CEO | 2.00 |
Officer
|
$0 | $41,884 | $432,377 |
| ANGELA MCCONNACHIE | CO-CEO | 2.00 |
Officer
|
$0 | $6,523 | $375,367 |
| KIMBERLY GENTNER | CFO | 2.00 |
Officer
|
$0 | $11,090 | $270,731 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $1,121,267 | $2,881,596 | $10,874,229 | $-1,760,329 |
| 2023 | $445,183 | $1,150,740 | $10,879,658 | $-705,557 |
| 2023 | $368,255 | $1,060,420 | $11,094,139 | $-692,165 |
| 2022 | $205,253 | $192,044 | $8,159,517 | $13,209 |
Compare MARLETTE SENIOR LIVING with other nonprofits in Michigan and across the country.