Marietta Continuing Care Retirement Community Inc
Nonprofit profile at a glance
- EIN
- 311421830
- IRS 990 coverage
- 2009–2014
- Forms available
- Form 990 2014
- Location
- Marietta, OH, USA
- Phone
- 7403760535
- Rating
- 83
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Senior Citizens' Housing/Retirement Communities
Reported finances
- Revenue
- $6,189,862
- Expenses
- $3,020,085
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2014. Amounts in USD.
Leadership & pay
12 people listed
Executive titles in this filing
- JOSEPH LEMON (Executive Director)
Highest reported compensation
- JOSEPH LEMON (Executive Director): $87,639 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2014. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The retirement community is a place where
What it reported doing in 2014
The organization provided housing, dining, housekeeping, security, transportation, activities and assisted living care to elderly residents through the operation of a retirement facility containing 69 independent and 48 assisted living units.
Operating model
- Revenue model
- Earned-program. 100% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 100
- Accountability: 84
- Sustainability: 52
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.4%; rating input score 86
- Program expense ratio: 91.1%; rating input score 91
- 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: 81.8%; rating input score 82; 15th percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 51.2%; rating input score 94; 94th percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 2.9%; rating input score 67; 67th percentile among comparable filings
Growth
- Program expense growth: -30.4% per year; rating input score 0; 4th percentile among comparable filings
- Revenue growth: 5.8% per year; rating input score 100; 58th percentile among comparable filings
- Asset growth: -24.5% per year; rating input score 0; 2nd percentile among comparable filings
Details
- Where the money goes: 86.4% of revenue deployed · 91.1% of spending went to programs
- Governance: 9 of 11 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $2.8M in reported program spending
- Leadership: top reported pay $88K · 12 people listed
- Consistency: 19 of 19 current checks pass
- Schedules: 5 filed schedules
- Filing history: 5 filing years from 2009 to 2014
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: 1 filed related-organization link
- 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.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Growth: Asset growth scored 0/100.