TURNER RETIREMENT HOMES INC

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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

1935

Legal Domicile

Principal Officer

SHERI WOOD

Phone

5037432490

Tax Period

2023-01-01 to 2023-12-31

TURNER RETIREMENT HOMES INC, founded in 1935, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $1.6M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO ASSIST CHRISTIAN CONGREGATIONS IN PROVIDING A PLACE FOR THEIR RETIRED PERSONS WHERE THEIR SPIRITUAL, PHYSICAL, AND FINANCIAL NEEDS CAN BE MET.

Program Service Accomplishments

Program 1

Expenses: $1,118,624 Revenue: $999,131

TURNER RETIREMENT HOMES (TRH) IS MORE THAN A RETIREMENT COMMUNITY; IT IS A NEIGHBORHOOD OF HOMES, A PLACE WHERE RETIREES CAN LIVE AFFORDABLY, ALONGSIDE FRIENDLY LIKEMINDED NEIGHBORS AND RECEIVE...

TURNER RETIREMENT HOMES (TRH) IS MORE THAN A RETIREMENT COMMUNITY; IT IS A NEIGHBORHOOD OF HOMES, A PLACE WHERE RETIREES CAN LIVE AFFORDABLY, ALONGSIDE FRIENDLY LIKEMINDED NEIGHBORS AND RECEIVE LOVING CARE IN HAPPY SURROUNDINGS AS THEY GROW OLDER. TURNER RETIREMENT HOMES STRIVES TO PROVIDE BOTH PHYSICAL AND SPIRITUAL CARE FOR RETIRED INDIVIDUALS.

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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 $299,142

Program Service Revenue $999,131

Investment Income $4,496

Other Revenue $76,755

TOTAL REVENUE $1,379,524

Expense Breakdown

Grants Paid $0

Salaries & Benefits $593,608

Fundraising Expenses $0

Program Expenses $1,118,624

Other Expenses $1,005,706

TOTAL EXPENSES $1,599,314

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,379,524	$1,919,089	-0.3%
Expenses	$1,599,314	$2,113,374	-0.2%
Net Income	$-219,790	$-194,285	+0.1%

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

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIMOTHY LONG	EXECUTIVE DI	40.00	Highest	$104,916	$0	$104,916
DOUG EDWARDS	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
SETH MORLEY	TRUSTEE	N/A	Director	$0	$0	$0
JON REMY	SECRETARY	N/A	Officer Director	$0	$0	$0
STEVE VINCENT	TRUSTEE	N/A	Director	$0	$0	$0
SHERI WOOD	PRESIDENT	N/A	Officer 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	$1,379,524	$1,599,314	$5,093,521	$-219,790
2022	$1,919,089	$2,113,374	$5,298,469	$-194,285
2021	$2,116,165	$1,916,497	$5,532,250	$199,668
2020	$1,682,114	$2,215,598	$5,666,785	$-533,484
2019	$1,669,390	$2,166,755	$6,075,359	$-497,365
2018	$1,922,407	$1,958,781	$6,482,261	$-36,374