Marquette
Legal name: Retirement Living Inc
Nonprofit profile at a glance
- EIN
- 351393773
- IRS 990 coverage
- 2010–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Indianapolis, IN, US
- Phone
- 317-875-9700
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $36,742,605
- Expenses
- $37,312,509
- Assets
- $141,646,873
- Liabilities
- $113,175,955
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
22 people listed
Executive titles in this filing
- David Mallon (Interim President)
- Kathy A Clark (President (through April 30, 2024))
- Nichole Wilson (Vice President)
- Tim Wetzell (Executive Director (Begin April))
Highest reported compensation
- Andrea Ryan (FINANCIAL SERVICES DIRECTOR): $182,681 total reported compensation
- Sara Green (Residency Counselor): $178,247 total reported compensation
- Heather Jones (Marketing Director): $162,698 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The Foundation’s mission is to provide financial assistance to residents in need and enhance the quality of life for everyone who calls Marquette home.
What it reported doing in 2024
Health care center: retirement living, inc. Has 57 licensed beds in the health care center. The organization provides physical therapy, occupational therapy and an activity program to meet the needs of the residents. The health care center also features skilled and comprehensive care, 24-hour security, housekeeping and maintenance services. Retirement living, inc. Provides the benefit of benevolent care to its residents, in which the organization will subsidize the cost of care for the remainder of the resident's life should a resident outlive their financial resources. In 2024, the residence fees assistance provided to residents was $413,579.
Operating model
- Revenue model
- Other-operating. 95% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 98% 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 - 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: 74
- Transparency & Controls: 75
- Accountability: 91
- Sustainability: 46
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 82%; rating input score 82
- Program expense ratio: 85.2%; rating input score 85
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 93.8%; rating input score 94; 17th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: 92.8%; rating input score 93; 22nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -1.6%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 3.8; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.8; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 2.4%; rating input score 73; 73rd percentile among comparable filings
Growth
- Program expense growth: 1.9% per year; rating input score 100; 19th percentile among comparable filings
- Revenue growth: 2.3% per year; rating input score 100; 20th percentile among comparable filings
- Asset growth: 1.5% per year; rating input score 100; 16th percentile among comparable filings
Details
- What they do: 5 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 82% of revenue deployed · 85.2% of spending went to programs
- Governance: 14 of 14 board members independent · 7 of 9 filing controls reported
- Programs: 4 filed program accomplishments · $31.8M in reported program spending
- Leadership: top reported pay $183K · 22 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 5 contractors listed · $4.9M reported
- Consistency: 37 of 38 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 22 filed money-flow records
- Related organizations: 3 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 9 not reported.
- High — Sustainability: Operating margin scored 25/100.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.