Life Enriching Communities

Nonprofit profile at a glance

EIN
043660613
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-T 2024
Location
Loveland, OH, USA
Phone
5137193510
Rating
63
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$10,615,673
Expenses
$13,179,928
Assets
$74,448,947
Liabilities
$89,082,789

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

Leadership & pay

24 people listed

Executive titles in this filing

  • SCOTT MCQUINN (CEO/PRESIDENT)
  • LA'TASHA GOODWIN (WESLEY HOSPICE EXECUTIVE DIRECTOR)
  • TIMOTHY GRIMES (EXECUTIVE DIRECTOR)

Highest reported compensation

  • SCOTT MCQUINN (CEO/PRESIDENT): $1,114,255 total reported compensation
  • JAMES BOWERSOX (COO/SECRETARY): $804,190 total reported compensation
  • KEVIN MCDONNELL (CFO/TREASURER): $560,981 total reported compensation

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

Overview

Mission

Vision: we work for the day when everyone involved in senior living finds fulfillment through: (a) life with meaning and purpose; (b) enriching opportunities and experiences; (c) communities fostering relationship and perpetuating legacy. Mission: we provide exceptional everyday experiences in a christian community by: (a) creating associate experiences that support, engage and empower delivering resident and customer experiences that exceed expectations; (b) setting and surpassing standards for quality and safety; (c) growing consistently in service and value; (d) producing expanded resources to extend our impact. Values: we are an extended family of multiple generations, bound together with: (a) respect: honoring the dignity of all people; (b) innovation: igniting entrepreneurial initiative and creative solutions; (c) spirituality: pursuing our purpose consistent with christian principles; (d) excellence: striving for extraordinary effectiveness and efficiency.

What it reported doing in 2024

Confident living is a continuing care at home program designed to (i) offer and deliver various care coordination programs to older adults in their homes with the objective of enabling older adults to maintain their own living arrangements in their homes for as long as is safe and practical; (ii) to offer and deliver care coordination through membership programs that include a range of services that are typically provided to older adults who are residents of a continuing care retirement facility (e.g., assistance with activities of daily living, housekeeping) for their convenience in the home setting; (iii) to extend the benefits under the membership programs to older adults who find that they need to become residents of a continuing care facility in accordance with the terms of their selected programs.

Operating model

Revenue model
Earned-program. 95% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - Most voting board members are independent and program spending has grown recently. A relatively small share of total spending goes to programs and the filing reports few safeguards for money sent abroad.

Rating breakdown

  • Financial Efficiency: 54
  • Transparency & Controls: 54
  • Accountability: 94
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 65.1%; rating input score 65
  • Program expense ratio: 55.3%; rating input score 55
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 3 of 6 controls in place; rating input score 50
    • Compensation committee: Pass
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Scored; rating input score 0
  • Grant itemization coverage: Scored; rating input score 0
  • Major donor itemization: Limited
  • Related-party transparency: Yes; rating input score 100

Accountability

  • Independent voting board: 88.9%; rating input score 89; 21st percentile among comparable filings
  • Governance controls: 9 of 9 controls in place; rating input score 100
    • 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: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -24.2%; rating input score 4; 4th percentile among comparable filings
  • Total-asset coverage ratio: 5.65; rating input score 86; 86th percentile among comparable filings
  • Liabilities to assets ratio: 1.2; rating input score 3; 3rd percentile among comparable filings
  • Officer compensation ratio: 31%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 5.5% per year; rating input score 100; 45th percentile among comparable filings
  • Revenue growth: 5.7% per year; rating input score 100; 49th percentile among comparable filings
  • Asset growth: 8.5% per year; rating input score 100; 58th percentile among comparable filings

Details

  • Where the money goes: 65.1% of revenue deployed · 55.3% of spending went to programs
  • Governance: 16 of 18 board members independent · 9 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $7.3M in reported program spending
  • Leadership: top reported pay $1.1M · 24 people listed · 3 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $25.3M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 7 filed schedules · includes foreign activity, executive pay, and related organizations
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Related organizations: 19 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.

  • Review — Financial Efficiency: Program expense ratio scored 55/100.
  • High — Transparency & Controls: Foreign activity oversight scored 0/100.
  • High — Transparency & Controls: Grant itemization coverage scored 0/100.
  • High — Sustainability: Operating margin scored 4/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 3/100.