PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST FOUNDATION

EIN: 911586491 501(c)(3)

BELLEVUE, WA

Total Revenue
$812,750
Total Expenses
$812,292
Total Assets
$5,443,494
Net Assets
$3,894,162
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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
1992
Legal Domicile
WA
Principal Officer
TORSTEN HIRCHE
Phone
4255596301
Tax Period
2023-10-01 to 2024-09-30

PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST FOUNDATION, founded in 1992, is a small nonprofit that reported $813K in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Net assets of $3.9M represent 57 months of operating reserves.

Mission

TO SUPPORT PRESBYTERIAN RETIREMENT COMMUNITIES NORTHWEST'S MISSION.

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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 $686,148
Program Service Revenue $0
Investment Income $126,602
Other Revenue $0
TOTAL REVENUE $812,750

Expense Breakdown

Grants Paid $424,486
Salaries & Benefits $298,275
Fundraising Expenses $0
Program Expenses $424,486
Other Expenses $89,531
TOTAL EXPENSES $812,292

Year-over-Year Comparison

2023 2022 Change
Revenue $812,750 $660,119 +0.2%
Expenses $812,292 $485,254 +0.7%
Net Income $458 $174,865 -1.0%
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
11
Independent Members
10
Employees
3
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 $812,750 $812,292 $5,443,494 $458
2023 $660,119 $485,254 $4,411,698 $174,865
2022 $939,326 $803,066 $3,695,507 $136,260
2021 $744,197 $459,484 $4,234,295 $284,713
2020 $573,758 $655,223 $3,301,267 $-81,465
2019 $527,233 $363,617 $2,746,511 $163,616
2018 $875,126 $609,042 $2,562,708 $266,084
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