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McCready Foundation INC EIN 52-0607921

McCready Foundation INC FY2021 filing

EIN  52-0607921 Hospital Crisfield, MD Founded 1923
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 8/14/26 · see original filing: IRS
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Size
$1–10M
What they do
Provides care and housing for seniors in nursing homes and assisted living facilities.
Leadership
Vijayjumar Karumbunathan · Doctor · $111K
Money in and out
$8.6M revenue, $13.0M expenses
Bottom line
-51% operating surplus

Provides care and housing for seniors in nursing homes and assisted living facilities. For fiscal year 2021 it reported $8.6M in revenue, $13.0M in expenses, and $3.6M in net assets.Pt I

Financial scale & money flow · FY2021
Total revenue
$8.6M
Pt VIII · Ln 12
Total expenses
$13.0M
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$4.4M
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.28
Operating surplus
-51%
revenue over expenses, this legal entity
Payroll share
54%
of this entity's spending is salaries & benefits
Program spending
72%
of expenses reach program services

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$8.6M
FY2021▼ -53%
Expenses
$13.0M
FY2021▼ -42%
Total assets
$13.0M
FY2021▼ -27%
Total liabilities
$9.4M
FY2021▼ -19%
Total revenue
$8.6M
Pt VIII · Ln 12
Total expenses
$13.0M
Pt IX · Ln 25
Net assets
$3.6M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$4.4M
Total assetsPt X · Ln 16$13.0M
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $9.4M of program spending, described in the organization's own filed words · FY2020.
01

Alice byrd tawes nursing and rehabilitation centeralice b tawes nursing and rehabilitation center in crisfield, maryland offers inpatient skilled nursing services for patients who are recovering from illness or injury and aren't ready for home recovery.

$7.9Mprogram expense
02

Chesapeake cove assisted livingchesapeake cove assisted living is located in crisfield, maryland and offers residents full-time non-medical care while enjoying arranged transportation and assistance with their activities of daily living.

$1.5Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMcCready Foundation INC
EINHdr · item D52-0607921
Principal addressHdr · item CCrisfield, MD
WebsiteHdr · item Jwww.tidalhealth.org
Year of formationHdr · item L1923
State of legal domicileHdr · item MMD
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHospitals (E22I)
Ruling yearIRS BMFOct 1948

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$110,872Pt VII · Sec A
$105,671Pt VII · Sec A
$53,180Pt VII · Sec A
$42,146Pt VII · Sec A
Camesha Spence
Former Officer to 02/2020
$27,809Pt VII · Sec A
Sarah Arnett
Secretary
$0Pt VII · Sec A
Kathryn Fiddler
Chairperson
$0Pt VII · Sec A
James Trumble MD
Board Member
$0Pt VII · Sec A

Vijayjumar Karumbunathan’s $111K as Doctor is at the 29th percentile of top reported officer pay among 3117 $1–10M health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2021FY2020
Vijayjumar Karumbunathan$110,872$378,596
Geraldine Goertzen$105,671$359,888
Michael Atikins—$243,724
Kathleen Harrison$42,146$172,401
Sidney Barnes—$132,743
Camesha Spence$27,809$126,956
Michael Atkins$53,180—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$7.4M · 86%
Other revenue$1.1M · 12%
Contributions & grants$84K · 1%
Program service revenue86%$7.4M
Other revenue12%$1.1M
Contributions & grants1%$84K
Investment income$35K
— government grantsLn 1e$44K
Total revenueLn 12$8.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.28
Program services72%$9.4M
Management & general28%$3.6M
Total functional expensesLn 25$13.0M

Balance Sheet

Part X · end of year
CashLn 1$692K
Total assetsLn 16$13.0M
Total liabilitiesLn 26$9.4M
Total net assetsLn 32$3.6M
Months of cash on handcomputed0.6

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $692K · Operating expenses/yr $13.0M
0.6 months
Where the money goes
Program services
Program services $9.4M · Total expenses $13.0M
72%
Management & General
Management & general $3.6M · Total expenses $13.0M
28%
Fundraising
Fundraising $0 · Total expenses $13.0M
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $20K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $84K · Total revenue $8.6M
1%
Government reliance
Government grants $44K · Total revenue $8.6M
1%
Earned-income share
Program service revenue $7.4M · Total revenue $8.6M
86%
Investment reliance
Investment income $35K · Total revenue $8.6M
0%
Program self-sufficiency
Program service revenue $7.4M · Total expenses $13.0M
57%
Growth & trend
Revenue growth (YoY)
This year $8.6M · Prior year $18.4M
-53%
Net-asset trend (YoY)
End of year $3.6M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $8.6M · Expenses $13.0M
-51%
Liabilities-to-Assets
Total liabilities — · Total assets $13.0M
—
Net-asset ratio
Net assets $3.6M · Total assets $13.0M
28%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $13.0M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Vijayjumar Karumbunathan · Reported title DOCTOR · Highest reported compensation $111K · Total expenses $13.0M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $7.0M · Total expenses $13.0M
54%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%——
Overhead ratio 28%——
Fundraising cost ratio 0%——
Revenue growth -53%——
Investment management fee ratio 0%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$8.7M revenue · ⤓ 990 PDF
FY2023$8.7M revenue · ⤓ 990 PDF
FY2022$10.2M revenue · ⤓ 990 PDF
FY2021$8.6M revenue · viewing · ⤓ 990 PDF
FY2020$18.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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