GLENDALE, AZ
4 risk indicators measuring financial stability and operational resilience
Sign in with your work email to view Tuckman-Chang indicators
Sign In — Free (10 views/day)FRIENDSHIP RETIREMENT CORPORATION, founded in 1970, is a mid-sized nonprofit in the Human Services sector that reported $29.6M in total revenue in fiscal year 2023. The organization ran a surplus of $4.9M, a strong 17% operating margin.
OUR MISSION IS TO EMPOWER PEOPLE TO LIVE THEIR BEST LIVES, AND OUR VISION IS TO BE THE PREMIER PROVIDER OF AFFORDABLE SERVICES ENRICHING QUALITY OF LIFE FOR EVERYONE AT EVERY STAGE OF LIFE. TO ACCOMPLISH, OUR VALUES SHALL INCLUDE:INTEGRITY - WE ADHERE TO THE HIGHEST ETHICAL STANDARDS.COMPASSION - WE ARE SENSITIVE TO EVERY PERSON'S UNIQUE NEEDS.EXCELLENCE - WE ARE ACCOUNTABLE TO DELIVER EXCELLENCE IN OUR WORK.INNOVATION - WE DEVELOP AND GROW BY PROVIDING LEADING-EDGE SERVICES.SUSTAINABILITY - WE USE RESOURCES EFFICIENTLY.COLLABORATION - WE FURTHER OUR MISSION THROUGH COOPERATIVE EFFORTS.
SKILLED NURSING - OUR 225 BED CARE CENTER, KNOWN AS PROVIDENCE PLACE, IS LOCATED NEAR THE ENTRY TO OUR CAMPUS. CERTIFIED TO ACCEPT BOTH MEDICARE AND MEDICAID(ALTCS). THE CARE CENTER CONSISTENTLY...
SKILLED NURSING - OUR 225 BED CARE CENTER, KNOWN AS PROVIDENCE PLACE, IS LOCATED NEAR THE ENTRY TO OUR CAMPUS. CERTIFIED TO ACCEPT BOTH MEDICARE AND MEDICAID(ALTCS). THE CARE CENTER CONSISTENTLY RECEIVES A QUALITY RATING FROM THE DEPT. OF HEALTH SERVICES AND ENJOYS A STAR MEDICARE RATING. THE FOLLOWING CARE SERVICES ARE AVAILABLE: 24-HOURS SKILLED NURSING CARE, MEDICARE/SUB-ACUTE CARE UNIT, SHORT TERM, LONG TERM AND RESPITE CARE, COMFORT CARE, HOSPICE BEHAVIORAL HEALTHCARE, RESTORATIVE NURSING, CONTRACTED WITH MOST MANAGED CARE INSURANCE PLAN DAILY ACTIVITIES PROGRAM THAT INCLUDES OFF-CAMPUS TRIPS, COMPUTER FOR RESIDENT USE AND SOCIAL EVENTS AND ON-SITE CHAPLAINCY SERVICES AND VISITS.INDEPENDENT LIVING - THE CASITAS ARE ATTRACTIVE ONE AND TWO BEDROOM COURTYARD HOMES SITUATED IN EIGHT CHARMING COURTS SURROUNDING THE PERIMETER OF OUR 40 ACRE COMMUNITY. THESE LOVELY UNITS ARE EQUIPPED WITH REFRIGERATOR, RANGE, MICROWAVE, GARBAGE DISPOSAL, PERSONAL EMERGENCY RESPONSE SYSTEM, SMOKE DETECTOR, FIRE ALARM AND ASSIGNED COVERED PARKING. THERE IS A COMPLIMENTARY LAUNDRY ROOM AVAILABLE IN EACH COURT FOR RESIDENT USE AND CONVENIENCE. IN ADDITION, MOST UNITS ARE EQUIPPED WITH WASHER AND DRYER CONNECTIONS. TELEVISION, WATER, SEWER, TRASH REMOVAL AND USE OF ALL CAMPUS FACILITIES ARE COVERED IN THE MONTHLY RATES. IN ADDITION, MONTHLY RATES INCLUDE, BUT ARE NOT LIMITED TO, ALL ADMINISTRATIVE EXPENSE, REPAIRS AND MAINTENANCE OF BUILDINGS AND GROUNDS, SECURITY AND CAPITAL IMPROVEMENTS.ASSISTED LIVING - LICENSED FOR DIRECTED CARE ASSISTED LIVING, MANOR 1 PROVIDES QUALITY SUPPORT TO RESIDENTS NEEDING HELP THROUGHOUT THE COURSE OF THEIR DAY IN A SECURE SETTING. MANOR 1 ENHANCES QUALITY OF LIFE FOR EACH RESIDENT BY SUPPORTING THEM WITH AS LITTLE OR AS MUCH ASSISTANCE AS NEEDED. EACH RESIDENT CAN EXPERIENCE AS MUCH INDEPENDENCE AS POSSIBLE. FREEDOM FROM MEAL PREPARATION, LAUNDRY AND HOUSEKEEPING PROVIDES AN EXPERIENCE THAT MAKES LIFE COMFORTABLE. THE VILLAS ARE NESTLED IN THE HEART OF OUR COMMUNITY AND ARE BEAUTIFULLY DESIGNED ONE BEDROOM EFFICIENCY SUITES. THESE LOVELY UNITS ARE EQUIPPED WITH REFRIGERATOR, RANGE, MICROWAVE, GARBAGE DISPOSAL, PERSONAL EMERGENCY RESPONSE SYSTEM, SMOKE DETECTOR, FIRE ALARM AND INDIVIDUALLY CONTROLLED THERMOSTAT. THERE IS AN ELEVATOR AND COIN OPERATED LAUNDRY ROOM.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
Sign in to view Trantor Score and financial metrics
Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $29,558,634 | $29,398,220 | +0.0% |
| Expenses | $24,638,734 | $31,146,822 | -0.2% |
| Net Income | $4,919,900 | $-1,748,602 | -3.8% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
Sign in to view all financial metrics
Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| CATHY ECKSTEIN | CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| JACQUELYN SMITH | VICE CHAIR | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| BRIAN HOLLRAH | TREASURER | 2.00 |
Officer
Director
|
$0 | $0 | $0 |
| STEVE KOCH | SECRETARY | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| NINA SHAH MD | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| PETE PATTERSON MD | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| LISA MONTMAN CPA | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| FLOYD WHITTAKER | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| DYAN BYMARK | DIRECTOR | 2.00 |
Director
|
$0 | $0 | $0 |
| JOHN THORHAUER | CEO | 20.00 |
Officer
|
$349,201 | $4,839 | $354,040 |
| DON MAY | CFO | 8.00 |
Officer
|
$161,420 | $3,228 | $164,648 |
| MICHAEL A MCCAMMOND | CAO | 20.00 |
Highest
|
$139,959 | $9,224 | $149,183 |
| SCOTT MCCLINTOCK | CHIEF HEALTH OFFICER | 40.00 |
Highest
|
$154,940 | $3,643 | $158,583 |
| TOMMY MEDINA | CHIEF PEOPLE OFFICER | 40.00 |
Highest
|
$126,929 | $8,751 | $135,680 |
| MARY BAKER | EXECUTIVE DIRECTOR FOUNDAT | 20.00 |
Highest
|
$108,218 | $5,316 | $113,534 |
| BENDU SANOH | NURSING ADMIN - VICE PRESIDENT | 40.00 |
Highest
|
$132,648 | $5,762 | $138,410 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $29,558,634 | $24,638,734 | $24,767,329 | $4,919,900 |
| 2022 | $29,398,220 | $31,146,822 | $20,788,807 | $-1,748,602 |
| 2021 | $27,946,854 | $29,267,306 | $25,414,864 | $-1,320,452 |
| 2020 | $31,963,306 | $30,865,810 | $28,671,455 | $1,097,496 |
| 2019 | $29,092,708 | $29,313,654 | $28,740,744 | $-220,946 |
| 2018 | $29,167,423 | $28,150,976 | $27,297,251 | $1,016,447 |
Compare FRIENDSHIP RETIREMENT CORPORATION with other nonprofits in Arizona and across the country.