CALIFORNIA FRIENDS HOMES DBA ROWNTREE GARDENS (EIN 952230110) - 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

1962

Legal Domicile

Principal Officer

KATIE POPOV

Phone

7145309100

Tax Period

2024-01-01 to 2024-12-31

CALIFORNIA FRIENDS HOMES DBA ROWNTREE GARDENS, founded in 1962, is a mid-sized nonprofit that reported $23.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

ROWNTREE GARDENS IS A CONTINUING CARE RETIREMENT COMMUNITY, DEDICATED TO ENHANCING OUR RESIDENTS QUALITY OF LIFE IN A STIMULATING, SECURE ENVIRONMENT. WE PROVIDE HIGH-QUALITY SERVICES INCLUDING HOUSING, NUTRITIOUS MEALS, NURSING, HOUSEKEEPING, MAINTENANCE, AND OTHER SUPPORT TO THOSE WE SERVE. OUR LEVELS OF SERVICE INCLUDE INDEPENDENT LIVING, ASSISTED LIVING, MEMORY CARE, AND SKILLED NURSING.

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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 (2024)

Revenue Breakdown

Contributions & Grants $92,392

Program Service Revenue $23,739,844

Investment Income $35,859

Other Revenue $21,620

TOTAL REVENUE $23,889,715

Expense Breakdown

Grants Paid $0

Salaries & Benefits $17,538,015

Fundraising Expenses $0

Program Expenses $20,964,326

Other Expenses $8,472,432

TOTAL EXPENSES $26,010,447

Year-over-Year Comparison

	2024	2023	Change
Revenue	$23,889,715	$22,012,750	+0.1%
Expenses	$26,010,447	$25,248,721	+0.0%
Net Income	$-2,120,732	$-3,235,971	-0.3%

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

405

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

$135,002

Total Directors

$104,436

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY BROWN	DIRECTOR	0.25	Director	$0	$104,436	$104,436
ANN HABLITZEL	BOARD CHAIR	0.25	Officer Director	$0	$0	$0
DON ALLEN	DIRECTOR	0.25	Director	$0	$0	$0
VIRGINIA CANFIELD	DIRECTOR	0.25	Director	$0	$0	$0
KEN KUNKEL	SECRETARY	0.25	Officer Director	$0	$0	$0
BRUCE BUTLER	DIRECTOR	0.25	Director	$0	$0	$0
GREG CYNAUMON	DIRECTOR	0.25	Director	$0	$0	$0
GARY JOHNSON	DIRECTOR	0.25	Director	$0	$0	$0
BOB WEBSTER	DIRECTOR	0.25	Director	$0	$0	$0
CHRISTINA D CERRATO	CEO	40.00	Officer	$135,002	$0	$135,002
KATHERYN POPOV	DIRECTOR OF SNG	40.00	Highest	$145,136	$3,628	$148,764
EDWINA OCBA	ASST DIR OF NURSIN	40.00	Highest	$144,134	$18,622	$162,756
MARY GRACE T MARQUESES	DIRECTOR OF NURSING	40.00	Highest	$160,150	$13,000	$173,150
MARSHAL TRUONG	DIRECTOR OF REHAB SNF	40.00	Highest	$154,241	$7,397	$161,638
MARIA LIGAYA LUMBAD	REGISTERED NURSE	40.00	Highest	$135,738	$0	$135,738

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	$23,889,715	$26,010,447	$15,846,753	$-2,120,732
2023	$22,012,750	$25,248,721	$12,095,579	$-3,235,971
2022	$23,857,897	$22,966,190	$14,813,845	$891,707
2021	$20,694,786	$20,656,867	$12,728,067	$37,919
2020	$21,801,872	$20,701,018	$13,195,372	$1,100,854
2019	$18,838,084	$20,361,590	$12,212,894	$-1,523,506
2018	$19,272,811	$20,494,767	$12,264,339	$-1,221,956

CALIFORNIA FRIENDS HOMES DBA ROWNTREE GARDENS