Dallas Mennonite Retirement Commun… - Form 990 Financial Data

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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

1947

Legal Domicile

Principal Officer

DAVID PARRETT

Phone

5036235581

Tax Period

2023-01-01 to 2023-12-31

Dallas Mennonite Retirement Community, founded in 1947, is a mid-sized nonprofit in the Housing & Shelter sector that reported $31.9M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion.

Mission

to demonstrate Christ's love by providing a continuum of quality services and care to meet the physical, emotional and spiritual needs of our residents with dignity and respect.

Program Service Accomplishments

Program 1

Expenses: $30,356,460 Revenue: $31,534,984

DMRC PROVIDES A CONTINUUM OF CARE TO ITS RESIDENTS WHICH INCLUDE WELFARE, MEDICARE, MEDICAID AND PRIVATE PAY INDIVIDUALS. SERVICES OFFERED INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, NURSING AND...

DMRC PROVIDES A CONTINUUM OF CARE TO ITS RESIDENTS WHICH INCLUDE WELFARE, MEDICARE, MEDICAID AND PRIVATE PAY INDIVIDUALS. SERVICES OFFERED INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, NURSING AND MEMORY CARE. THESE SERVICES ARE PROVIDED TO RESIDENTS AS NEEDED REGARDLESS OF THEIR ABILITY TO PAY.

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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 $105,333

Program Service Revenue $31,534,984

Investment Income $192,093

Other Revenue $63,273

TOTAL REVENUE $31,895,683

Expense Breakdown

Grants Paid $4,686

Salaries & Benefits $19,539,992

Fundraising Expenses $0

Program Expenses $30,356,460

Other Expenses $14,047,622

TOTAL EXPENSES $33,592,300

Year-over-Year Comparison

	2023	2022	Change
Revenue	$31,895,683	$27,069,873	+0.2%
Expenses	$33,592,300	$30,639,261	+0.1%
Net Income	$-1,696,617	$-3,569,388	-0.5%

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

455

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

$218,638

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
David Parrett	Executive Dir.	40.00	Officer	$210,997	$7,641	$218,638
TAWNYA TURNER	Dir. of Marketing	40.00		$151,563	$3,927	$155,490
MARTHA VANDERBURGH	LPN	40.00		$115,269	$8,131	$123,400
Angela McCallum	Nursing Director	40.00		$113,216	$9,761	$122,977
Amber Waite	Health Director	40.00		$108,411	$5,953	$114,364
JOYCE FAIRCLOTH	Nursing Manager	40.00		$104,711	$9,553	$114,264
Nancy Adams	President	2.00	Officer Director	$0	$0	$0
Bob Ottaway	Treasurer	2.00	Officer Director	$0	$0	$0
Susan Humphrey	Secretary	2.00	Officer Director	$0	$0	$0
Debbie Pauls	Director	2.00	Director	$0	$0	$0
Jeremy Santee- Malloy	Director	2.00	Director	$0	$0	$0
John Buckingham	Director	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	$31,895,683	$33,592,300	$75,122,926	$-1,696,617
2022	$27,069,873	$30,639,261	$76,871,967	$-3,569,388
2021	$25,845,409	$25,078,475	$84,334,175	$766,934
2020	$24,854,062	$24,710,418	$80,889,135	$143,644
2019	$23,509,507	$24,148,737	$58,718,378	$-639,230
2018	$22,300,481	$22,638,402	$59,639,771	$-337,921
2018	$22,300,481	$22,638,402	$59,639,771	$-337,921
2017	$20,083,101	$21,615,057	$61,136,943	$-1,531,956

Dallas Mennonite Retirement Community