ECUMEN (EIN 911982139) - 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

1923

Legal Domicile

Principal Officer

SHELLEY KENDRICK

Phone

6517664300

Tax Period

2023-01-01 to 2023-12-31

ECUMEN, founded in 1923, is a major nonprofit that reported $164.5M in total revenue in fiscal year 2023.

Mission

WE CREATE HOMES FOR OLDER ADULTS, WHEREVER THEY CHOOSE TO LIVE.

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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 $2,119,580

Program Service Revenue $157,958,378

Investment Income $2,614,824

Other Revenue $1,807,622

TOTAL REVENUE $164,500,404

Expense Breakdown

Grants Paid $48,740

Salaries & Benefits $98,744,685

Fundraising Expenses $871,830

Program Expenses $137,039,981

Other Expenses $74,826,158

TOTAL EXPENSES $173,619,583

Year-over-Year Comparison

	2023	2022	Change
Revenue	$164,500,404	$155,006,164	+0.1%
Expenses	$173,619,583	$166,144,010	+0.0%
Net Income	$-9,119,179	$-11,137,846	-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

Governance

Voting Members

Independent Members

Employees

3358

Volunteers

500

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

$1,791,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHELLEY KENDRICK	PRESIDENT/CEO	39.00	Officer	$490,367	$49,805	$540,172
SCOTT BJERKETVEDT	SR VP/CFO	39.00	Officer	$293,673	$48,936	$342,609
MELANIE SULLIVAN	SR VP/CHIEF PEOPLE OFFICER	39.00	Officer	$323,390	$16,321	$339,711
BRETT ANDERSON	SR VP/CHIEF OPERATIONS & STRATEGY	39.00	Officer	$293,045	$26,862	$319,907
JAMES MCALPINE	SR VP LEGAL AFFAIRS & CORP	39.00	Officer	$241,939	$7,653	$249,592
ANNE STANFIELD	SR DIRECTOR - BUSINESS DEVELOPMENT	39.00	Highest	$160,186	$45,118	$205,304
KATIE LUNDMARK	SR REGIONAL DIRECTOR	39.00	Highest	$156,638	$50,612	$207,250
HALEY TAMI	CLINICAL EXCELLENCE & CARE TRANSFORMATION	39.00	Highest	$195,148	$53,238	$248,386
JOHN OLIVER	SR DIRECTOR - BUSINESS SOLUTIONS	39.00	Highest	$166,844	$42,572	$209,416
KERRI KELLER	VP PEOPLE SERVICES	39.00	Highest	$170,685	$16,581	$187,266
JOHN PETRABORG	CHAIR	1.00	Officer Director	$0	$0	$0
J MICHAEL DADY	IMMEDIATE PAST CHAIR	1.00	Director	$0	$0	$0
PETER JACOBSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARCIA KULL	SECRETARY	1.00	Officer Director	$0	$0	$0
SUZIE CROCKETT	TREASURER	1.00	Officer Director	$0	$0	$0
DAN ABDUL	TRUSTEE (THRU 12/7)	1.00	Director	$0	$0	$0
JEN AUGUSTON	TRUSTEE	1.00	Director	$0	$0	$0
ANN BARKELEW	TRUSTEE	1.00	Director	$0	$0	$0
JAN CONLIN	TRUSTEE	1.00	Director	$0	$0	$0
JAMES KNAPP	TRUSTEE (THRU 12/29)	1.00	Director	$0	$0	$0
SUE MOORES	TRUSTEE (THRU 12/8)	1.00	Director	$0	$0	$0
INGRID RASMUSSEN	TRUSTEE	1.00	Director	$0	$0	$0
JOHN TRUCKENBROD	TRUSTEE	1.00	Director	$0	$0	$0
NANCY THOMPSON ULVESTAD	TRUSTEE	1.00	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	$164,500,404	$173,619,583	$258,213,382	$-9,119,179
2022	$155,006,164	$166,144,010	$302,410,009	$-11,137,846
2021	$148,755,497	$158,887,179	$310,480,268	$-10,131,682
2020	$141,997,018	$147,136,040	$320,905,908	$-5,139,022
2019	$147,875,179	$146,354,352	$323,532,756	$1,520,827
2018	$142,300,126	$144,195,879	$303,862,955	$-1,895,753

ECUMEN