Moravian Manors Inc

What it reported doing in 2024

Nursing home and benevolent care: our community includes nursing care for those residents who are unable to help themselves. In 2024, moravian manor communities (mmc) provided over 27,887 days of skilled nursing care to residents with approximately 3,049 of those days being medicare a/managed care covered days with an additional 9,055 covered medicaid days. Over $1.8 million of subsided care was provided to residents in nursing. Within our personal care and assisted living area over 14,500 days of care was provided along with an additional $256,000 of benevolent care. As moravian manor communities strives to accommodate the changing lifestyles, expectations and need of the people we serve we are reminded of our mission and commitment to our residents.mmc maintains records to identify the cost of providing benevolent care based upon the direct and indirect costs identified with the specific benevolent care provided. The costs associated with benevolent care are estimated based on the difference in daily resident cost, as calculated in the annual cost report, and the amount of reimbursement received for benevolent care provided. The level of benevolent care provided amounted to approximately $1,800,000 in 2024 and $2,500,000 in 2023, including costs related to the medicaid program. In 2019, mmc changed its benevolent care policy to release from its resident assistance funds all of the benevolent care provided to its personal care and independent living residents and 20 percent of benevolent costs provided to its medicaid residents. Mmc utilized $996,300 and $1,156,909 during 2024 and 2023, respectively, from its resident assistance funds to support the benevolent care provided.our "community within a community" involvement includes various partnerships with local businesses and civic organizations as well as mmc sponsored events. Mmc welcomes public use of our on-site meeting spaces at a minimal charge. We continue to maintain a strong connectivity to the lititz rec center and participate in a work immersion program with our local iu-13 which provides a classroom setting for students on site at mmc. The program allows students the opportunity to learn about workplace expectations and provides internships in various departments for the students. Mmc also participates with local schools to provide on-site clinical rotations for nursing students. We continue to support our local fire department, warwick ambulance association, and warwick education foundation. We are fortunate enough to be located in the borough of lititz and will continue to support our hometown through the payment of real estate taxes that support schools and local governments of over $1.2 million, monetary donations, and community involvement which includes the ability for the senior leadership team to serve on several local community boards.

Financial Efficiency

• Mission deployment rate: 82.2%; rating input score 82
• Program expense ratio: 90.8%; rating input score 91
• Fundraising efficiency: $28.58 raised per $1 spent on fundraising; rating input score 65; 65th percentile among comparable filings

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 14th percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • 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: 50%; rating input score 50; 8th 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: 10.1%; rating input score 68; 68th percentile among comparable filings
• Total-asset coverage ratio: 4.81; rating input score 84; 84th percentile among comparable filings
• Liabilities to assets ratio: 0.77; rating input score 15; 15th percentile among comparable filings
• Officer compensation ratio: 3.3%; rating input score 66; 66th percentile among comparable filings

Growth

• Program expense growth: 5.2% per year; rating input score 100; 43rd percentile among comparable filings
• Revenue growth: 5% per year; rating input score 100; 44th percentile among comparable filings
• Asset growth: 10.5% per year; rating input score 100; 67th percentile among comparable filings