Royalton Senior Living Inc

Nonprofit profile at a glance

EIN
562314071
IRS 990 coverage
2013–2013
Forms available
Form 990 2013
Location
Parma, OH, USA
Phone
4407433000
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$2,011,158
Expenses
$1,800,363
Assets
$2,395,800
Liabilities
$2,050,667

Source: IRS Form 990. Selected filing: tax year 2013. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • TERRENCE DEIS (SYSTEM CEO)

Highest reported compensation

  • TERRENCE DEIS (SYSTEM CEO): $372,874 total reported compensation
  • DAVID A COOK (SYSTEM CFO): $284,999 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2013. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Royalton senior living, inc. Is a not-for-profit organization which provides assisted living and related services to meet the residential, medical, social, and financial needs of the senior community. Amenities in the facility include a laundry room, beauty salon, dining room, television and social lounge, and fitness room.

What it reported doing in 2013

Royalton Senior Living, Inc. ("Royalton Woods") is a state licensed Residential Care Facility providing both Assisted Living and Independent Living services to the senior community. Royalton Woods has a capacity of 70 suites which includes 60 studio suites, and 10 master one-bedroom suites. The average occupancy level for the year ended December 31, 2013 was 62 occupied suites. Royalton Woods provides a full range of assisted and independent living services to the senior community at what is considered among the most affordable rates in the surrounding market area. Services at Royalton Woods include full meal services, assistance with and administration of medications, nursing services, housekeeping and laundry services, 24 hour health care attendants, scheduled transportation, and a full range of social programs for the residents. Other contracted services available to the residents include psychiatric services, podiatry, pharmacy, hospice, and home care services. Short term respite stays in a fully furnished suite are also available. Royalton Woods also participates in the state of Ohio Medicaid Waiver Program. This program allows for eligible Medicaid recipients who meet the state program requirements to live in a licensed Residential Care Facility. Residential Care Facility.

Operating model

Revenue model
Earned-program. 98% 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 - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 60
  • Accountability: 82
  • Sustainability: 58
  • Growth: NotEnoughData

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.1%; rating input score 78
  • Program expense ratio: 87.2%; rating input score 87
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • 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; 65th percentile among comparable filings
  • Governance controls: 5 of 9 controls in place; rating input score 56
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • 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: 10.5%; rating input score 72; 72nd percentile among comparable filings
  • Total-asset coverage ratio: 1.33; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.86; rating input score 12; 12th percentile among comparable filings
  • Officer compensation ratio: 3.8%; rating input score 57; 57th percentile among comparable filings

Growth

  • Program expense growth: Limited
  • Revenue growth: Limited
  • Asset growth: Limited

Details

  • Where the money goes: 78.1% of revenue deployed · 87.2% of spending went to programs
  • Governance: 3 of 3 board members independent · 5 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $1.6M in reported program spending
  • Leadership: top reported pay $373K · 5 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $107K reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Contacts: How to reach this organization
  • Related organizations: 4 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 4 of 9 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Liabilities to assets ratio scored 12/100.
  • Review — Sustainability: Officer compensation ratio scored 57/100.