Argentum

Nonprofit profile at a glance

EIN
541563782
IRS 990 coverage
2012–2024
Forms available
Form 990 2024
Location
Alexandria, VA, USA
Phone
5715272621
Rating confidence
Limited

Official website

Reported finances

Revenue
$8,046,310
Expenses
$7,973,296
Assets
$7,363,435
Liabilities
$5,175,255

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

49 people listed

Executive titles in this filing

  • JAMES BALDA (PRESIDENT/CEO)
  • MARGARET ELEHWANY (SENIOR VICE PRESIDENT, PUBLIC AFFAIRS)
  • DIANA MARTINEZ (PRESIDENT/CEO OF TALA)

Highest reported compensation

  • JAMES BALDA (PRESIDENT/CEO): $675,331 total reported compensation
  • MARGARET ELEHWANY (SENIOR VICE PRESIDENT, PUBLIC AFFAIRS): $309,917 total reported compensation
  • RONALD WILLIAMS (SENIOR VP OF BUSINESS OPERATIONS): $233,926 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Argentum is the largest national association exclusively dedicated to professionally operated senior living communities for seniors. Its member-driven programs promote business and operational excellence through national conferences, research, educational programs, publications and advocacy. Argentum is an advocate for choice, independence, dignity and quality of life.

What it reported doing in 2024

Public policy: argentum's public policy efforts are focused on advocating and supporting meaningful laws and regulations at the state and federal levels. Senior living is regulated in all 50 states, as well as impacted by some federal agencies. Argentum educates stakeholders and works collaboratively on behalf of the almost 2,000,000 residents living in senior living.

Operating model

Revenue model
Other-operating. 74% of the money available for current operations came from other operating revenue.
Distribution model
Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: NotEnoughData
  • Transparency & Controls: 84
  • Accountability: 94
  • Sustainability: 30
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: Limited
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 88.9%; rating input score 89; 3rd percentile among comparable filings
  • Pay-setting controls: 4 of 6 controls in place; rating input score 67
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 97.5%; rating input score 98; 27th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 0.9%; rating input score 37; 37th percentile among comparable filings
  • Total-asset coverage ratio: 0.92; rating input score 34; 34th percentile among comparable filings
  • Liabilities to assets ratio: 0.7; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 29.1%; rating input score 6; 6th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: 1.2% per year; rating input score 100; 16th percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Governance: 39 of 40 board members independent · 8 of 9 filing controls reported
  • Programs: 3 filed program accomplishments
  • Leadership: top reported pay $675K · 49 people listed · 4 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $228K reported
  • Consistency: 11 of 11 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 11 filing years from 2012 to 2024
  • Contacts: How to reach this organization
  • Money network: 10 filed money-flow records
  • Related organizations: 3 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.
  • Staff and benefit plans: Retirement and health plans the organization files with the Department of Labor, and the people in them.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 37/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 34/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • High — Sustainability: Officer compensation ratio scored 6/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.