REDWOOD SENIOR HOMES & SERVICES CO… - 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

1997

Legal Domicile

Principal Officer

JOHN H COCHRANE III

Phone

8182470420

Tax Period

2019-01-01 to 2019-12-31

REDWOOD SENIOR HOMES & SERVICES CORPORATION, founded in 1997, is a community nonprofit that reported $6.9M in total revenue in fiscal year 2019. Revenue fell 56% from the prior year — a significant decline worth monitoring. Expenses of $7.9M exceeded revenue, resulting in a 15% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TO REDEFINE THE MEANING OF AGING WELL FOR ADULTS 55 AND OLDER, AND DELIVER PRODUCTS AND SERVICES THAT OFFER OPPORTUNITIES TO PURSUE ENGAGED, PURPOSEFUL LIVES.

Program Service Accomplishments

Program 1

Expenses: $7,010,215 Revenue: $6,821,637

RSHS, A CONTINUING CARE RETIREMENT COMMUNITY, PROVIDES HOUSING AND HEALTH CARE FOR THE ELDERLY. DIRECT RESIDENT CARE FOR SENIORS, INCLUDES INDEPENDENT LIVING AND ASSISTED LIVING, MEMORY CARE...

RSHS, A CONTINUING CARE RETIREMENT COMMUNITY, PROVIDES HOUSING AND HEALTH CARE FOR THE ELDERLY. DIRECT RESIDENT CARE FOR SENIORS, INCLUDES INDEPENDENT LIVING AND ASSISTED LIVING, MEMORY CARE, NURSING, AND HOME CARE. IT ALSO PROVIDES OUTREACH AND WELLNESS SERVICES INCLUDING MEALS PROGRAM, HOUSEKEEPING, MAINTENANCE AND ACTIVITIES.

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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 (2019)

Revenue Breakdown

Contributions & Grants $44,145

Program Service Revenue $6,821,637

Investment Income $0

Other Revenue $29,973

TOTAL REVENUE $6,895,755

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,211,817

Fundraising Expenses $0

Program Expenses $7,010,215

Other Expenses $3,716,864

TOTAL EXPENSES $7,928,681

Year-over-Year Comparison

	2019	2018	Change
Revenue	$6,895,755	$15,776,855	-0.6%
Expenses	$7,928,681	$17,230,394	-0.5%
Net Income	$-1,032,926	$-1,453,539	-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

253

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

$3,977,566

Total Directors

$405,752

Key Employees

$1,746,655

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDALL L STAMPER	CHAIR	1.00	Officer Director	$0	$0	$73,250
ALBERT W KELLEY	VICE CHAIR	0.50	Officer Director	$0	$0	$60,417
H DECLAN BROWN	SECRETARY	0.50	Officer Director	$0	$0	$62,417
JUDITH H BAKER	DIRECTOR	0.50	Director	$0	$0	$60,917
REV MICHELLE HOLMES	DIRECTOR	0.50	Director	$0	$0	$58,917
WILLIAM BATTISON	DIRECTOR	0.50	Director	$0	$0	$58,917
ALAN GRIFFITH START 6119	DIRECTOR	0.50	Director	$0	$0	$30,917
SHARON ROTH	RESIDENT DIRECTOR	0.50	Director	$0	$0	$0
WILLIAM HULINGS	DIRECTOR	0.50	Director	$0	$0	$0
JOHN H COCHRANE III	PRESIDENT/CHIEF EXECUTIVE OFFICER	1.00	Officer	$0	$28,899	$898,356
DANIEL HUTSON UNTIL 0319	CHIEF STRATEGY OFFICER	1.00	Officer	$0	$14,751	$552,129
DANIEL OGUS	CHIEF OPERATING OFFICER	1.00	Officer	$0	$32,388	$671,848
PAMELA S CLAASSEN UNTIL 1219	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$28,749	$673,135
S LOUISE RANKIN RETD 0519	GENERAL COUNSEL	1.00	Officer	$0	$22,544	$397,540
BETHANY GHASSEMI START 0619	GENERAL COUNSEL	1.00	Officer	$0	$7,732	$193,623
FLEMING MENG START 8118	CHIEF INFORMATION OFFICER	1.00	Officer	$0	$25,885	$394,851
TARA MCGUINESS	VP REGIONAL OPS, CCRCS	1.00	Key Emp	$0	$29,830	$308,985
DENNIS GRADILLAS	VP SALES	1.00	Key Emp	$0	$31,513	$324,620
GREGORY BEARCE	VP REGIONAL OPERATIONS	1.00	Key Emp	$0	$25,896	$285,886
TYLER ICHIEN	VP REGIONAL OPERATIONS	1.00	Key Emp	$0	$28,912	$305,724
LISA HOLLAND	VP REGIONAL OPERATIONS	1.00	Key Emp	$0	$24,397	$237,153
MARC HERRERA	VP HEALTHCARE & QUALITY	1.00	Key Emp	$0	$27,032	$284,287

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
2019	$6,895,755	$7,928,681	No data	$-1,032,926
2018	$15,776,855	$17,230,394	$20,486,441	$-1,453,539

REDWOOD SENIOR HOMES & SERVICES CORPORATION