Mccready Manor Inc

Nonprofit profile at a glance

EIN
611221273
IRS 990 coverage
2011–2024
Forms available
Form 990 2024
Location
Richmond, KY, USA
Phone
8596251400
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Reported finances

Revenue
$6,538,445
Expenses
$6,742,214
Assets
$4,615,679
Liabilities
$2,009,507

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

Leadership & pay

16 people listed

Executive titles in this filing

  • MIKE REED (PRESIDENT)

Highest reported compensation

  • PAMELA BROOKS (CAO TELFORD): $127,795 total reported compensation
  • ANGELA HARDEN (CAO): $95,692 total reported compensation

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

Overview

Mission

This nonprofit, nonsectarian ministry is dedicated to faithfully following our lords example of inclusive compassion without regard to race, religion, or national origin. Each resident is a respected member of the mccready family, and the mccready staff is firmly committed to meeting their individual daily needs with loving concern and cheerful assistance.

What it reported doing in 2024

Mccready manor, inc. (the organization) provides residential rental units, food service and assisted living services to individuals and couples from a seventy-three unit complex, mccready manor. The organization also provides nursing care and therapy services to individuals from a fourty-two unit complex, telford terrace, in richmond, Kentucky. Mccready manor had 77 admissions and facility updates included: -a large emphasis on the dining room which includes new paint, lighting, fans, drapes, and chairs. -additional seating was placed to accommodate being more comfortable during activities and meetings. -apartment refurbishing continues as the apartments become vacant. -we have made additions to the dining menu to accommodate resident preferences. -we have added new activities and performers to the activity calendar for entertainment. -we added a coffee/refreshment station for residents and families to utilize freely. Telford terrace accomplishments: -profitable year -87 admissions which is a 8.9% increase -won best of the best nursing home through the richmond register -deficiency free health survey -remodel completed on common areas -improved accounts receivable by having consultants and improving the billing system through inovalon.

Operating model

Revenue model
Other-operating. 87% of the money available for current operations came from other operating 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. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 79
  • Transparency & Controls: 92
  • Accountability: 90
  • Sustainability: 29
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 90.2%; rating input score 90
  • Program expense ratio: 87.5%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 6 of 8 controls in place; rating input score 75
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • 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: -3.1%; rating input score 24; 24th percentile among comparable filings
  • Total-asset coverage ratio: 0.68; rating input score 25; 25th percentile among comparable filings
  • Liabilities to assets ratio: 0.44; rating input score 24; 24th percentile among comparable filings
  • Officer compensation ratio: 3.3%; rating input score 66; 66th percentile among comparable filings

Growth

  • Program expense growth: 3% per year; rating input score 100; 27th percentile among comparable filings
  • Revenue growth: 0.9% per year; rating input score 100; 15th percentile among comparable filings
  • Asset growth: -2% per year; rating input score 0; 7th percentile among comparable filings

Details

  • Where the money goes: 90.2% of revenue deployed · 87.5% of spending went to programs
  • Governance: 14 of 14 board members independent · 6 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $5.9M in reported program spending
  • Leadership: top reported pay $128K · 16 people listed
  • Consistency: 28 of 28 current checks pass
  • Schedules: 5 filed schedules · includes major donors
  • Filing history: 12 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Related organizations: 2 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 — Accountability: Governance controls: 2 of 8 not reported.
  • High — Sustainability: Operating margin scored 24/100.
  • High — Sustainability: Total-asset coverage ratio scored 25/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 24/100.