Retirement Ranches Inc
- Assets
- $8.8m
- Revenue
- $10.7m
- Investments
- $0.0
- Employees
- 214
- Location
- Clovis, NM
- Founding
- 01/1964
- Data as of
- 04/2023
- 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 04/2023, Retirement Ranches Inc employed 214 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 04/2023, Retirement Ranches Inc generated $10.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $10.1m during the year ending 04/2023. While expenses have increased by 3.9% per year over the past 8 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
2023
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 |
|---|---|---|---|
Harry Pomeroy Jr Chairperson | OfficerTrustee | 0.5 | $0 |
John Frerichs Vice-Chair | OfficerTrustee | 0.5 | $0 |
Christina Tatum Sec/treas | OfficerTrustee | 0.5 | $0 |
Diane Tunnell Trustee | Trustee | 0.5 | $0 |
Lori Hartley Trustee | Trustee | 0.5 | $0 |
Terry Buesgens Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Reliant Pro Rehab Therapy Services Vendor | 4/29/23 | $340,925 |
Carriage Healthcare Companies Inc Management Consultant | 4/29/23 | $180,693 |
Us Foods Food Vendor | 4/29/23 | $177,554 |
Sysco West Texas Inc Food Vendor | 4/29/23 | $160,916 |
Mckesson Medical Medical Supplies Vendor | 4/29/23 | $168,775 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $138,551 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $138,551 |
| Total Program Service Revenue | $10,657,357 |
| Investment income | $28,743 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$154,162 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,670,489 |
| 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 | $5,426,544 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $602,946 |
| Payroll taxes | $416,381 |
| Fees for services: Management | $180,000 |
| Fees for services: Legal | $1,000 |
| Fees for services: Accounting | $42,190 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $497,241 |
| Advertising and promotion | $17,304 |
| Office expenses | $840,257 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $253,212 |
| Travel | $49,793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $11,819 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $310,485 |
| Insurance | $235,549 |
| All other expenses | $31,206 |
| Total functional expenses | $10,086,847 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,531,199 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,254,693 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $12,799 |
| Inventories for sale or use | $55,467 |
| Prepaid expenses and deferred charges | $30,194 |
| Net Land, buildings, and equipment | $2,215,279 |
| Investments—publicly traded securities | $629,505 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,963 |
| Total assets | $8,811,099 |
| Accounts payable and accrued expenses | $724,336 |
| 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 | $225,696 |
| Total liabilities | $950,032 |
| Net assets without donor restrictions | $7,779,104 |
| Net assets with donor restrictions | $81,963 |
| 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 | $8,811,099 |