Lifequest Nursing Center

Nonprofit profile at a glance

EIN
232141757
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Quakertown, PA, USA
Phone
2155366152
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Official website

Reported finances

Revenue
$27,296,587
Expenses
$24,390,588
Assets
$1,193,925
Liabilities
$13,772,140

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

Leadership & pay

11 people listed

Executive titles in this filing

  • ROGER HISER (President & CEO)

People named in this filing

  • DAVID SYNDER (Co-Chairman)
  • BARBARA LAMPE (Director)
  • PHILIP STEELEY (SEC/TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

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

Overview

Mission

The organization is a 140-bed nursing home and a 123-bed assisted living located in quakertown, Pennsylvania, providing short-term rehabilitative care, memory care, long-term skilled nursing care, and assisted living.

What it reported doing in 2024

Nursing care services provided: skilled and intermediate nursing care to residents; ancillary and supporting services provided: physical, occupational and speech therapy, medical supplies, radiology, pharmacy, social services, activities and admissions; general services provided: food housekeeping, laundry servcies, and allocated indirect costs associated with the oepration and maintenance of the physical plant. In november, 2020 the organization opened a 123 unit assisted living facility adjacent to the existing nursing facility and renovated the nursing facility to convert 15 beds to memory care.

Operating model

Revenue model
Earned-program. 74% 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 - The filed numbers largely add up and most voting board members are independent. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 57
  • Transparency & Controls: 90
  • Accountability: 88
  • Sustainability: 44
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 60.7%; rating input score 61
  • Program expense ratio: 68.1%; rating input score 68
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
  • Governance controls: 5 of 7 controls in place; rating input score 71
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 10.6%; rating input score 69; 69th percentile among comparable filings
  • Total-asset coverage ratio: 0.05; rating input score 1; 1st percentile among comparable filings
  • Liabilities to assets ratio: 11.54; rating input score 0; 0th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 96; 96th percentile among comparable filings

Growth

  • Program expense growth: 15% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 29th percentile among comparable filings
  • Asset growth: -3.8% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 60.7% of revenue deployed · 68.1% of spending went to programs
  • Governance: 8 of 8 board members independent · 5 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $16.6M in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Highest-paid contractors: 5 contractors listed · $5.8M reported
  • Consistency: 28 of 28 current checks pass
  • Schedules: 6 filed schedules
  • Filing history: 9 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 5 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.

Key Signals

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

  • Review — Accountability: Governance controls: 2 of 7 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 1/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 0/100.