The Village at Rockville

What it reported doing in 2024

Skilled nursing: the village at rockville, national lutheran community's 160 bed long-term and short term skilled nursing care is a collaborative effort that involves the resident, their family and the staff. Continual communication motivates families to entrust their loved ones in the village at rockville's care.under the skilled nursing banner is the program mypotential rehabilitation. Through this program, the village at rockville offers physical therapy, occupational therapy, and speech/language pathology to guests recovering from injury, illness or a planned surgery. Mypotential rehabilitation is 100% focused on each individual's rehabilitation goals, creating personalized plans to help them gain back optimum independence. Guests' goals direct the efforts of the rehab team, including physicians, nurses, therapists, discharge planners, nutritionists, a personalized mypotential rehabilitation coach and a concierge. Mypotential rehabilitation is designed to get guests back to doing the things they love most confidently, efficiently and comfortably.both programs include 24-hour visitation, a 24-hour skilled nursing team, physical services onsite, therapy specialist, pastoral care, infusion/iv services, bariatric care, wound care, total parenteral nutrition, respiratory services and hospice services.since its inception in 1890, no resident has been asked to leave the village at rockville due to diminished resources. The cost of benevolent care provided amount to approximately $2,007,000 in 2024. Residents who are unable to pay for services, at all levels of care as needed and when appropriate, are provided for without charge or at amounts less than rockville's established rates. Because the organization does not pursue collection of amounts determined to be benevolent care, they are not reported as resident service revenues. The organization maintains records to identify and monitor the level of benevolent care it provides. The estimated costs of providing benevolent care is based upon the direct and indirect costs identified with the specific benevolent care provided.

Financial Efficiency

• Mission deployment rate: 84%; rating input score 84
• Program expense ratio: 85.7%; rating input score 86
• 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: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 83.3%; rating input score 83; 17th percentile among comparable filings
• Governance controls: 7 of 8 controls in place; rating input score 88
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: NotApplicable
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 0.6%; rating input score 36; 36th percentile among comparable filings
• Total-asset coverage ratio: 3.2; rating input score 77; 77th percentile among comparable filings
• Liabilities to assets ratio: 0.96; rating input score 7; 7th percentile among comparable filings
• Officer compensation ratio: 2.2%; rating input score 75; 75th percentile among comparable filings

Growth

• Program expense growth: 3% per year; rating input score 100; 26th percentile among comparable filings
• Revenue growth: 3.3% per year; rating input score 100; 28th percentile among comparable filings
• Asset growth: 6.2% per year; rating input score 100; 43rd percentile among comparable filings