PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST (EIN 910666887) - Form 990 Financial Analysis & Trantor Score

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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

1956

Legal Domicile

Principal Officer

TORSTEN HIRCHE

Phone

4255596301

Tax Period

2023-10-01 to 2024-09-30

PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST, founded in 1956, is a mid-sized nonprofit in the Human Services sector that reported $80.0M in total revenue in fiscal year 2023. Revenue fell 44% from the prior year — a significant decline worth monitoring. Expenses of $112.7M exceeded revenue, resulting in a 41% operating deficit.

Mission

A FAITH-BASED ORGANIZATION SUPPORTING COMMUNITIES AND SERVICES THAT CELEBRATE AND ENRICH LIVES.

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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 $2,281,366

Program Service Revenue $85,977,744

Investment Income $1,309,005

Other Revenue $-9,529,964

TOTAL REVENUE $80,038,151

Expense Breakdown

Grants Paid $173,200

Salaries & Benefits $33,874,308

Fundraising Expenses $0

Program Expenses $96,386,032

Other Expenses $78,630,881

TOTAL EXPENSES $112,678,389

Year-over-Year Comparison

	2023	2022	Change
Revenue	$80,038,151	$143,061,728	-0.4%
Expenses	$112,678,389	$112,655,007	+0.0%
Net Income	$-32,640,238	$30,406,721	-2.1%

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

1110

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

$1,976,827

Total Directors

$1,184,579

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TORSTEN HIRCHE	PRESIDENT & CEO	1.00	Officer Director	$808,519	$29,551	$1,184,579
MICHAEL CONNELL	TREASURER & CFO	1.00	Officer	$452,069	$37,634	$683,447
KEN NOREEN	VP OF CCRC'S	40.00	Highest	$320,118	$29,927	$487,238
HAROLD KNIGHT	SVP OF STRATEGY AND PARTNERSHIPS	20.00	Highest	$147,906	$0	$340,796
TED MACBETH	VP REAL ESTATE DEVELOPMENT	20.00	Highest	$95,064	$33,241	$328,469
KIMBERLY HENDERSON	VP OF FINANCE & ACCOUNTING	40.00	Highest	$192,917	$24,258	$299,854
LAURIE SYKES	VP OF OPERATIONS	40.00	Highest	$164,949	$24,190	$259,831
MICHELE LUKE	SECRETARY	1.00	Officer	$69,592	$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	$80,038,151	$112,678,389	$497,451,994	$-32,640,238
2023	$143,061,728	$112,655,007	$525,225,607	$30,406,721
2023	$143,439,616	$111,132,487	$528,986,667	$32,307,129
2022	$90,087,367	$114,657,767	$529,987,118	$-24,570,400
2021	$86,965,439	$98,542,867	$589,407,305	$-11,577,428
2020	$78,278,510	$92,161,566	$601,934,836	$-13,883,056
2019	$77,657,494	$89,203,430	$440,915,477	$-11,545,936
2018	$75,447,609	$83,159,179	$445,189,575	$-7,711,570

PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST