The Long Term Care Foundation

Nonprofit profile at a glance

EIN
832707374
IRS 990 coverage
2019–2024
Forms available
Form 990 2024
Location
Tumwater, WA, USA
Phone
2062914428
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Health Support Services

Reported finances

Revenue
$5,381,946
Expenses
$3,062,418
Assets
$4,567,309
Liabilities
$127,770

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

Leadership & pay

13 people listed

Executive titles in this filing

  • BOB LEROY (EXECUTIVE DIRECTOR (THRU 3/25))
  • KAREN CORDERO (EXECUTIVE DIRECTOR)
  • ADINA ANGLE (PRESIDENT)
  • LAURA VAILLANCOURT (VICE-PRESIDENT)

Highest reported compensation

  • BOB LEROY (EXECUTIVE DIRECTOR (THRU 3/25)): $136,496 total reported compensation
  • SHEREICE BROWN (DIRECTOR OF WORKFORCE DEVELOPMENT): $99,287 total reported compensation

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

Overview

Mission

We fund access to training that enhances the quality of care in adult family homes, supporting the development and expansion of high-quality, long-term care workers for a well-supported, long-term care workforce. We also host webinars, community (cont. On sch. O) outreach, and care navigation support, as well as partnering with schools that offer classes in languages in addition to english to ensure accessible and culturally responsive training opportunities.

What it reported doing in 2024

The long-term care foundation of Washington state is dedicated to improving access to high-quality long-term care services. The foundation supports the adult family home community by providing resources, education, and workforce development initiatives to strengthen caregiving capacity and promote culturally competent care.during the fiscal year ending june 30, 2025, the foundation advanced its mission through its core programs: adult family home training network, care navigation and language access. Our training network funds training caregivers for hca, cna, hca to cna bridge, dementia, mental health specialty trainings, nurse delegation and administrator training. (cont. On sch. O)these programs address the critical workforce shortages and ensure access to training across Washington state.key accomplishments for the year include:4,190 individuals applied for training and support services, representing 1,019 adult family homes (afh).provided funding for 5,033 training sessions, resulting in 2,144 students successfully completing training.as a result of funded trainings, 635 students earned certifications, including 315 achieving hca and 351 achieving cna certifications.101 students were scheduled for hca or cna testing as of june 30, 2025.the foundation reimbursed $1,625,399 to afh and paid $3,270,604 to training companies, ensuring affordability and accessibility of training programs.expanded language access and culturally competent training resources to support diverse caregivers across Washington state.through these efforts, the foundation continues to build a sustainable long-term care workforce, improve care quality, and support providers in delivering person-centered services statewide.

Operating model

Revenue model
Grant-funded. 100% of the money available for current operations came from government grants.
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 - The filed numbers largely add up and most voting board members are independent. A relatively small share of available resources goes toward mission work and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 52
  • Transparency & Controls: 92
  • Accountability: 91
  • Sustainability: 71
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 45.7%; rating input score 46
  • Program expense ratio: 80.2%; rating input score 80
  • 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: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • 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: 43.1%; rating input score 90; 90th percentile among comparable filings
  • Total-asset coverage ratio: 1.49; rating input score 52; 52nd percentile among comparable filings
  • Liabilities to assets ratio: 0.03; rating input score 77; 77th percentile among comparable filings
  • Officer compensation ratio: 7.7%; rating input score 38; 38th percentile among comparable filings

Growth

  • Program expense growth: 51% per year; rating input score 100; 97th percentile among comparable filings
  • Revenue growth: 49% per year; rating input score 100; 97th percentile among comparable filings
  • Asset growth: 60.9% per year; rating input score 100; 98th percentile among comparable filings

Details

  • Where the money goes: 45.7% of revenue deployed · 80.2% of spending went to programs
  • Governance: 9 of 9 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $2.5M in reported program spending
  • Leadership: top reported pay $136K · 13 people listed
  • Highest-paid contractors: 2 contractors listed · $492K reported
  • Consistency: 27 of 27 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 6 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • 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.

  • Moderate — Financial Efficiency: Mission deployment rate scored 46/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 52/100.
  • Moderate — Sustainability: Officer compensation ratio scored 38/100.