ARIZONA RETIREMENT CENTERS 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

1984

Legal Domicile

Principal Officer

AMY RUNGE

Phone

6369720212

Tax Period

2023-11-01 to 2024-10-31

ARIZONA RETIREMENT CENTERS INC, founded in 1984, is a mid-sized nonprofit in the Human Services sector that reported $11.3M in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $16.4M exceeded revenue, resulting in a 45% operating deficit.

Mission

THE MISSION OF SIERRA WINDS IS TO PROVIDE THE FACILITIES, PROGRAMS AND SERVICES WHICH WILL PROMOTE THE HIGHEST DEGREE OF COMFORT, SECURITY, INDEPENDENCE, AND LIFE SATISFACTION FOR ITS RESIDENTS. SIERRA WINDS IS COMMITTED TO THE BELIEF THAT THE RETIREMENT YEARS CAN BE THE MOST FULFILLING YEARS OF LIFE; THEREFORE, ALL GOALS AND OBJECTIVES ARE DEDICATED TO ENHANCE THE QUALITY OF LIFE DURING THESE YEARS.

Program Service Accomplishments

Program 1

Expenses: $10,766,566 Revenue: $11,169,493

THE ORGANIZATION PROVIDES SERVICES FOR 240 APARTMENT RESIDENTS AND 70 SKILLED NURSING CARE RESIDENTS.

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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 $0

Program Service Revenue $11,169,493

Investment Income $13,120

Other Revenue $88,722

TOTAL REVENUE $11,271,335

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,820,335

Fundraising Expenses $0

Program Expenses $10,766,566

Other Expenses $9,574,473

TOTAL EXPENSES $16,394,808

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,271,335	$12,035,245	-0.1%
Expenses	$16,394,808	$16,605,014	0.0%
Net Income	$-5,123,473	$-4,569,769	+0.1%

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

293

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
NEIL TERRY	PRESIDENT	2.00	Officer Director	$0	$0	$0
WANDA PERDUE	VICE PRESIDENT	4.00	Officer Director	$0	$0	$0
JOSH LOVE	TREASURER (THRU JUNE 2024)	1.00	Officer Director	$0	$0	$0
RITA DANINGER	SECRETARY (THRU JUNE 2024)	1.00	Officer Director	$0	$0	$0
SHARON GRAMBOW	DIRECTOR (FROM SEP 2024)	1.00	Director	$0	$0	$0
ANGELA HARDESTY	DIRECTOR (FROM MAR 2024)	1.00	Director	$0	$0	$0
KATHY KNECHT	DIRECTOR (FROM MAR 2024)	1.00	Director	$0	$0	$0
NICHOLAS KUNTZ	DIRECTOR	1.00	Director	$0	$0	$0
HARRISON MARTIN	DIRECTOR	1.00	Director	$0	$0	$0
PAM PRINE	DIRECTOR (THRU JUNE 2024)	1.00	Director	$0	$0	$0
JAMES WINSTEAD	DIRECTOR (THRU JUNE 2024)	1.00	Director	$0	$0	$0
TOM SMITH	EXEC DIR PAID THRU MGMT CO (THRU JAN 2024)	40.00	Officer	$0	$0	$0
CONNIE NGUYEN	LICENSED PRACTICAL NURSE	40.00	Highest	$148,854	$0	$148,854

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	$11,271,335	$16,394,808	$16,595,882	$-5,123,473
2023	$12,035,245	$16,605,014	$18,436,732	$-4,569,769
2023	$11,970,876	$16,688,737	$18,596,353	$-4,717,861
2022	$12,767,690	$15,752,372	$22,365,650	$-2,984,682
2021	$12,905,704	$14,840,366	$28,113,350	$-1,934,662
2020	$16,129,321	$14,426,155	$31,961,746	$1,703,166
2019	$13,542,057	$14,815,741	$32,876,950	$-1,273,684
2018	$14,120,914	$14,606,034	$33,026,461	$-485,120