Retirement Ranches Inc
- Assets
- $8.1m
- Revenue
- $9.8m
- Investments
- $0.0
- Employees
- 173
- Location
- Clovis, NM
- Founding
- 01/1964
- Data as of
- 04/2022
- EIN
- 85-0159406
Organization Overview
Retirement Ranches Inc is located in Clovis, NM. The organization was established in 1964. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 04/2022, Retirement Ranches Inc employed 173 individuals. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Retirement Ranches Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Retirement Ranches Inc generated $9.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $9.2m during the year ending 04/2022. While expenses have increased by 3.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE LONG-TERM HEALTH CARE, SKILLED NURSING, AND SHORT-TERM REHABILITATION SERVICES TO THE LOCAL COMMUNITY AND SURROUNDING AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LONG-TERM HEALTH CARE AND SHORT-TERM SKILLED CARE TO APPROXIMATELY 100 RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Doyle Harris Administrator | 40 | $167,572 | |
Harry Pomeroy Jr Chairperson | OfficerTrustee | 1 | $0 |
John Frerichs Vice-Chair | OfficerTrustee | 1 | $0 |
Christina Tatum Sec/treas | OfficerTrustee | 1 | $0 |
Terry Buesgens Trustee | Trustee | 1 | $0 |
Lori Hartley Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carriage Healthcare Companies Inc Management Consultant | 4/29/22 | $200,570 |
Us Foods Food Vendor | 4/29/22 | $196,676 |
Ben E Keith Foods Food Vendor | 4/29/22 | $135,525 |
Mckesson Medical Medical Supplies Provider | 4/29/22 | $113,785 |
Reliant Pro Rehab Therapy Services Vendor | 4/29/22 | $361,021 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $290,046 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $290,046 |
| Total Program Service Revenue | $9,434,279 |
| Investment income | $25,203 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $15,061 |
| Net Gain/Loss on Asset Sales | $24,064 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $9,788,653 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,710,530 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $749,861 |
| Payroll taxes | $365,599 |
| Fees for services: Management | $176,251 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $37,907 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $532,824 |
| Advertising and promotion | $18,013 |
| Office expenses | $669,362 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $240,865 |
| Travel | $64,429 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $979 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $320,782 |
| Insurance | $233,343 |
| All other expenses | $51,647 |
| Total functional expenses | $9,228,124 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,167,765 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,163,389 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,934 |
| Inventories for sale or use | $61,347 |
| Prepaid expenses and deferred charges | $31,227 |
| Net Land, buildings, and equipment | $2,935,003 |
| Investments—publicly traded securities | $633,532 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $83,226 |
| Total assets | $8,089,423 |
| Accounts payable and accrued expenses | $600,544 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $198,461 |
| Total liabilities | $799,005 |
| Net assets without donor restrictions | $7,207,192 |
| Net assets with donor restrictions | $83,226 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $8,089,423 |
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Lakeview Christian Home Of The Southwest Inc Carlsbad, NM | $42,033,708 | $17,045,837 |
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Baptist Memorials Ministries Dallas, TX | $76,405,250 | $18,028,006 |
United Methodist Home Of Enid Inc Enid, OK | $6,879,064 | $13,679,398 |
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