GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON

EIN: 910630507 501(c)(3) Human Services

KIRKLAND, WA

Total Revenue
$1,192,638
Total Expenses
$1,007,204
Total Assets
$73,261,195
Net Assets
$3,715,644
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1932
Legal Domicile
WA
Principal Officer
TORSTEN HIRCHE
Phone
4255596301
Tax Period
2023-10-01 to 2024-09-30

GERMAN RETIREMENT HOME OF THE STATE OF WASHINGTON, founded in 1932, is a community nonprofit in the Human Services sector that reported $1.2M in total revenue in fiscal year 2023. The organization ran a surplus of $185K, a strong 16% operating margin.

Mission

PROVIDE HOUSING, MEALS, PERSONAL CARE & SOCIAL ACTIVITIES & SERVICES TO LOW-INCOME ELDERLY 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,000,000
Program Service Revenue $0
Investment Income $192,638
Other Revenue $0
TOTAL REVENUE $1,192,638

Expense Breakdown

Grants Paid $0
Salaries & Benefits $113,193
Fundraising Expenses $0
Program Expenses $33,935
Other Expenses $894,011
TOTAL EXPENSES $1,007,204

Year-over-Year Comparison

2023 2022 Change
Revenue $1,192,638 $-1,764,550 -1.7%
Expenses $1,007,204 $572,554 +0.8%
Net Income $185,434 $-2,337,104 -1.1%
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

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
10
Employees
2
Volunteers
10

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
6
$1,976,827
Total Directors
11
$1,184,579
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TORSTEN HIRCHE PRESIDENT & CEO 1.00
Officer Director
$0 $29,551 $1,184,579
MICHAEL CONNELL TREASURER & CFO 1.00
Officer
$0 $37,634 $683,447
MICHELE LUKE SECRETARY 1.00
Officer
$0 $9,384 $108,801
MARY WAGNER CHAIR & DIRECTOR 0.10
Officer Director
$0 $0 $0
JESSE BOND VICE CHAIR & CHAIR 0.10
Officer Director
$0 $0 $0
GREG RUSSELL DIRECTOR & VICE CHAIR 0.10
Officer Director
$0 $0 $0
BARB BENNETT DIRECTOR 0.10
Director
$0 $0 $0
CATHY DANIGELIS DIRECTOR 0.10
Director
$0 $0 $0
KATHI LENTZSCH DIRECTOR 0.10
Director
$0 $0 $0
SCOTT LUMSDEN DIRECTOR 0.10
Director
$0 $0 $0
JIM MELHORN DIRECTOR 0.10
Director
$0 $0 $0
JOY MOORE DIRECTOR 0.10
Director
$0 $0 $0
LISA NELSON DIRECTOR 0.10
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 $1,192,638 $1,007,204 $73,261,195 $185,434
2023 $-1,764,550 $572,554 $13,716,167 $-2,337,104
2022 $14,361 $578,237 $7,320,643 $-563,876
2021 $1,186,585 $1,701,450 $6,620,932 $-514,865
2020 $1,575,916 $1,978,595 $7,074,663 $-402,679
2019 $1,464,583 $1,564,809 $1,117,460 $-100,226
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