RIDGELY SENIOR CARE CORP

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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

2020

Legal Domicile

Principal Officer

C MICHAEL SHANNON

Phone

5402652177

Tax Period

2024-01-01 to 2024-12-31

RIDGELY SENIOR CARE CORP, founded in 2020, is a small nonprofit in the Human Services sector that reported $691K in total revenue in fiscal year 2024. Revenue surged 4088% from the prior year, signaling strong growth momentum. The organization ran a surplus of $626K, a strong 91% operating margin.

Mission

RIDGELY SENIOR CARE CORPORATION WAS ESTABLISHED TO DISTRIBUTE THE ACCRUED RENOVATION RESERVES OF THE FORMER TEMPLE FOUNDATION INC. WHICH HAD OPERATED A SENIOR LIVING FACILITY. THESE RESERVES WERE TO GO TO CHARITABLE ORGANIZATIONS THAT ARE ACTIVE IN PROVIDING COMMUNITY SERVICES THAT SUPPORT AND ENHANCE THE QUALITY OF LIFE FOR OLDER ADULTS AND THE COMMUNITY AT LARGE TO FURTHER THE CHARITABLE AND EDUCATIONAL PURPOSES FOR WHICH IT WAS ORGANIZED.

Program Service Accomplishments

Program 1

Expenses: $46,257

THE ORGANIZATION WAS FUNDED ON DECEMBER 30, 2020 WHEN THE TRANSFER OF ASSETS OCCURED. SINCE THAT TIME, THE ORGANIZATION HAS SPENT TIME IDENTIFYING AND REVIEWING PLANS FROM VARIOUS CONTINUING CARE...

THE ORGANIZATION WAS FUNDED ON DECEMBER 30, 2020 WHEN THE TRANSFER OF ASSETS OCCURED. SINCE THAT TIME, THE ORGANIZATION HAS SPENT TIME IDENTIFYING AND REVIEWING PLANS FROM VARIOUS CONTINUING CARE RETIREMENT COMMUNITIES SEEKING FUNDS.THE ORGANIZATION HAS IDENTIFIED A RECIPIENT FOR THE FUNDING AND THE TRANSACTION WAS COMPLETED IN 2024.

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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 $690,671

Other Revenue $0

TOTAL REVENUE $690,671

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $46,257

Other Expenses $64,256

TOTAL EXPENSES $64,256

Year-over-Year Comparison

	2024	2023	Change
Revenue	$690,671	$16,493	+40.9%
Expenses	$64,256	$144,612	-0.6%
Net Income	$626,415	$-128,119	-5.9%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHARLES HENRY SMITH UNTIL 1224	CHAIR	1.00	Officer Director	$0	$0	$0
THOMAS L REGNELL UNTIL 1224	SECRETARY	1.00	Officer Director	$0	$0	$0
DONALD CALLOWAY UNTIL 1224	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT C LAWSON FROM 1224	CHAIR	0.00	Officer Director	$0	$0	$0
KATHYRN K OELSCHLAGER FROM 1224	VICE-CHAIR	0.00	Officer Director	$0	$0	$0
NATHANIEL L BISHOP FROM 1224	DIRECTOR	0.00	Director	$0	$0	$0
GLEN C COMBS FROM 1224	DIRECTOR	0.00	Director	$0	$0	$0
EDWIN R FEINOUR FROM 1224	DIRECTOR	0.00	Director	$0	$0	$0
GREGORY W FELDMANN FROM 1224	DIRECTOR	0.00	Director	$0	$0	$0
DR LUCIAN GROVE JR FROM 1224	DIRECTOR	0.00	Director	$0	$0	$0
DR CYNDA A JOHNSON FROM 1224	DIRECTOR	0.00	Director	$0	$0	$0
ROBERT H SANDEL FROM 1224	DIRECTOR	0.00	Director	$0	$0	$0
PAUL NESTER FROM 1224	DIRECTOR	0.00	Director	$0	$0	$0

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	$690,671	$64,256	$16,125,253	$626,415
2023	$16,493	$144,612	$15,548,838	$-128,119
2022	$-150,160	$105,635	$14,914,305	$-255,795
2021	$66,632	$236,450	$15,996,120	$-169,818
2020	$15,791,391	$226	$15,798,971	$15,791,165