Panorama EIN 94-3048988

Panorama

EIN  94-3048988 Public charity (501(c)(3)) Lacey, WA Founded 1964
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 7/8/26 · see original filing: IRS
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Size
$10–100M
What they do
Enriching lives and encouraging community for Panorama residents.
Leadership
Charles W Strader · CEO, CFO & Treasurer · $607K
Money in and out
$65.3M revenue, $59.4M expenses
Bottom line
89% program efficiency

Enriching lives and encouraging community for Panorama residents. For fiscal year 2025 it reported $65.3M in revenue, $59.4M in expenses, and $110.3M in net assets.Pt I

Where the money goes · FY2025
Total revenue
$65.3M
Pt VIII · Ln 12
Total expenses
$59.4M
Pt IX · Ln 25
Net assets
$110.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $5.9M
Where spending went · Part IX cols B–D
Program services $0.89 Management & general $0.10 Fundraising $0.00
Program efficiency
89%
of spending reaches programs0% vs prior filing year
Operating runway
11.8mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
+9%
revenue over expenses, this year▲ +163% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$65.3M
FY2025▲ +15%
Expenses
$59.4M
FY2025▲ +8%
Total assets
$240.2M
FY2025▲ +3%
Total liabilities
$129.9M
FY2025▲ +1%
Total revenue
$65.3M
Pt VIII · Ln 12
Total expenses
$59.4M
Pt IX · Ln 25
Net assets
$110.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$5.9M
Total assetsPt X · Ln 16$240.2M
Program-expense ratioPt IX · col B89%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $53.0M of program spending, described in the organization's own filed words · FY2024.
01

Panorama is a continuing care retirement community that offers 850 residential family dwelling units, of which 45 are assisted living units, plus a licensed 155 bed skilled nursing facility.

$53.0Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPanorama
EINHdr · item D94-3048988
Principal addressHdr · item CLacey, WA
WebsiteHdr · item Jwww.panorama.org
Year of formationHdr · item L1964
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P750)
Ruling yearIRS BMFMay 1992

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
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 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
CEO, CFO & Treasurer
$606,600Pt VII · Sec A
President & COO
$604,009Pt VII · Sec A
Cnr Administrator
$274,644Pt VII · Sec A
Controller
$258,494Pt VII · Sec A
Retirement Advisor
$251,435Pt VII · Sec A
Retirement Advisor
$228,461Pt VII · Sec A
Director of Marketing
$225,834Pt VII · Sec A
Director of Human Resources
$221,255Pt VII · Sec A

Charles W Strader’s $607K as CEO, CFO & Treasurer is at the 97th percentile of top reported officer pay among 3123 $10–100M human services 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 · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Charles W Strader$606,600$576,367$574,001$512,853$631,160$471,883
Matthew Murry$604,009$568,133$553,666$496,796$495,314$407,754
Dennis Wilkerson$274,644$259,931$248,589$236,210$227,450$209,256
Sharon H Rinehart$273,239$266,439
Cynthia McKrill$258,494$230,471$226,659$212,480$214,761$194,922
Kimberly Thorpe$251,435$220,094$193,589
Lisa Zvirzdys$228,461$210,609$206,326
Jillian Huentelman$225,834$213,271$210,535$193,702

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$63.1M · 97%
Investment income$1.4M · 2%
Contributions & grants$515K · 1%
Other revenue$327K · 1%
Program service revenue97%$63.1M
Investment income2%$1.4M
Contributions & grants1%$515K
Other revenue1%$327K
Total revenueLn 12$65.3M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.89 Management & general $0.10 Fundraising $0.00
Program services89%$53.0M
Management & general10%$6.2M
Fundraising$207K
Total functional expensesLn 25$59.4M

Balance Sheet

Part X · end of year
CashLn 1$12.8M
Total assetsLn 16$240.2M
Total liabilitiesLn 26$129.9M
Total net assetsLn 32$110.3M
Months of cash on handcomputed2.6

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $58.2M · Operating expenses (Pt IX) $59.4M · Less non-cash grants $838 · Cash operating expenses/yr $59.4M
11.8 months
Where the money goes
Program services
Program services $53.0M · Total expenses $59.4M
89%
Management & General
Management & general $6.2M · Total expenses $59.4M
10%
Fundraising
Fundraising $207K · Total expenses $59.4M
0%
Cost to raise $1
Fundraising expense (3-yr avg) $182K · Solicited contributions (3-yr avg) $420K
$0.43 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $515K · Total revenue $65.3M
1%
Government reliance
Government grants — · Total revenue $65.3M
Earned-income share
Program service revenue $63.1M · Total revenue $65.3M
97%
Investment reliance
Investment income $1.4M · Total revenue $65.3M
+2%
Program self-sufficiency
Program service revenue $63.1M · Total expenses $59.4M
106%
Growth & trend
Revenue growth (YoY)
This year $65.3M · Prior year $57.0M
+15%
Revenue CAGR
FY2019 $51.1M · FY2024 $65.3M
+5%
Net-asset trend (YoY)
End of year $110.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $65.3M · Expenses $59.4M
+9%
Liabilities-to-Assets
Total liabilities — · Total assets $240.2M
Net-asset ratio
Net assets $110.3M · Total assets $240.2M
46%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $45.4M · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $240.2M
19%
People & payroll
Highest Reported Total Compensation
Individual Charles W Strader · Reported title CEO, CFO & TREASURER · Highest reported compensation $607K · Total expenses $59.4M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $29.9M · Total expenses $59.4M
50%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 89%
Overhead ratio 10%
Fundraising cost ratio 40%
Revenue growth 15%
Legal fee ratio 0%
Accounting 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.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$650K
Grants paid · 22 grants · $1.1M · 2019–2024
Panorama Benevolent FundWA · FY2024$181,468
Unitemized GrantFY2024$32,425
Capitol Land TrustWA · FY2024$13,500
Panorama Benevolent FundWA · FY2023$177,276
Unitemized GrantFY2023$20,155
Providence Southwest Washington FoundationFY2023$9,000
Panorama Benevolent FundWA · FY2022$165,927
Unitemized GrantFY2022$12,904
Panorama Benevolent FundWA · FY2021$108,804
Unitemized GrantFY2021$18,184
Panorama Benevolent FundWA · FY2020$103,716
Unitemized GrantFY2020$16,771
See all 22 grants →

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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
FY2025 (Latest)$65.3M revenue · viewing · ⤓ 990 PDF
FY2024$57.0M revenue · ⤓ 990 PDF
FY2023$54.5M revenue · ⤓ 990 PDF
FY2022$47.1M revenue · ⤓ 990 PDF
FY2021$52.4M revenue · ⤓ 990 PDF
FY2020$51.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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