EPISCOPAL RETIREMENT COMMUNITIES

EIN: 911094735 501(c)(3) Housing & Shelter

BREMERTON, WA

Total Revenue
$2,510,141
Total Expenses
$2,306,816
Total Assets
$4,247,115
Net Assets
$3,707,689
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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
1960
Legal Domicile
WA
Principal Officer
BEVERLY MAINE
Phone
3603770113
Tax Period
2023-01-01 to 2023-12-31

EPISCOPAL RETIREMENT COMMUNITIES, founded in 1960, is a community nonprofit in the Housing & Shelter sector that reported $2.5M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. Expenses of $2.3M left a modest 8% surplus.

Mission

ERC IS A NON-PROFIT THAT SERVES COMMUNITIES BY PROVIDING QUALITY SERVICES AND HOUSING TO OLDER ADULTS.

Program Service Accomplishments

Program 1
Expenses: $1,834,926 Revenue: $2,466,772

EPISCOPAL RETIREMENT COMMUNITIES BUILDS AND OPERATES SENIOR RESIDENTIAL COMMUNITIES THAT PROVIDE QUALITY HOUSING, RECREATION AND WELLNESS SERVICES TO PERSONS OF A VARIETY OF INCOME LEVELS. CURRENTLY...

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EPISCOPAL RETIREMENT COMMUNITIES BUILDS AND OPERATES SENIOR RESIDENTIAL COMMUNITIES THAT PROVIDE QUALITY HOUSING, RECREATION AND WELLNESS SERVICES TO PERSONS OF A VARIETY OF INCOME LEVELS. CURRENTLY, ERC OPERATES CANTERBURY MANOR, AN INDEPENDENT SENIOR COMMUNITY & ST ANDREW'S PLACE, AN ASSISTED LIVING COMMUNITY, AND, PROVIDES FUNDING FOR FUTURE SUPPORT, GROWTH, AND SERVICES.

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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 $11,923
Program Service Revenue $2,368,023
Investment Income $31,446
Other Revenue $98,749
TOTAL REVENUE $2,510,141

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,213,793
Fundraising Expenses $0
Program Expenses $1,834,926
Other Expenses $1,093,023
TOTAL EXPENSES $2,306,816

Year-over-Year Comparison

2023 2022 Change
Revenue $2,510,141 $2,246,629 +0.1%
Expenses $2,306,816 $2,070,907 +0.1%
Net Income $203,325 $175,722 +0.2%
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

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Governance

Voting Members
8
Independent Members
7
Employees
40
Volunteers
28

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
4
$218,343
Total Directors
9
$218,343
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GEORGE ROBERTSON VICE CHAIR 2.00
Officer Director
$0 $0 $0
DEBRA THOMPSON MEMBER 2.00
Director
$0 $0 $0
CHARLA CONNER SECRETARY 2.00
Officer Director
$0 $0 $0
JONATHAN GREEN DIRECTOR 2.00
Director
$0 $0 $0
BEVERLY MAINE CEO/PRESIDENT 40.00
Officer Director
$172,848 $45,495 $218,343
THE MOST REV MELISSA SKELTON EX OFFICIO 2.00
Director
$0 $0 $0
COLLUM LISKA CHAIR 2.00
Officer Director
$0 $0 $0
CHRISTI MCCARREN NON-VOTING 2.00
Director
$0 $0 $0
MICHAEL SEDWICK TREASURER 2.00
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 No data No data No data No data
2023 $2,510,141 $2,306,816 $4,247,115 $203,325
2022 $2,246,629 $2,070,907 $4,285,182 $175,722
2021 $2,436,249 $2,167,595 $4,489,756 $268,654
2020 $2,292,438 $2,060,112 $4,724,806 $232,326
2019 $2,198,337 $1,957,030 $4,420,560 $241,307
2018 $2,051,307 $1,830,497 $4,471,427 $220,810
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