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Fahrney-Keedy Memorial Home

Boonsboro, MD · EIN 52-0610464 · 501(c)(3) · Church
Latest filing: Form 990 for calendar year 2024 (tax year 2024) · View the filing · Correct or respond

Fahrney-Keedy Memorial Home reported $27.2 million in revenue and $29.4 million in expenses for calendar year 2024. Of every $100 it spent, $85.52 went to program services, $14.04 to management and general costs and $0.44 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 96.6% of the total. The highest compensation it reported for one person was $229,364 (PRESIDENT/CE). 7 people received more than $100,000 in reportable compensation. Revenue rose 83% between 2019 and 2024. Source: Form 990, 2024.

Where $100 of spending went

Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $29M

For context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

Calendar year 2024 · Form 990, Part VIII · total revenue $27M

The 990 scorecard · same measures for every charity, no grades

2024 filing. Median across 3,614 covered charities in this category, from their latest filings.
Measure2024Median
Program services
Part IX 25(B) ÷ 25(A)
85.5%87.2%
Management & general
Part IX 25(C) ÷ 25(A)
14.0%11.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.4%0.2%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.19$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
2.5%20.6%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%2.4%
Program service revenue share
Part VIII 2g ÷ 12
96.6%70.8%
Highest reported compensation
Part VII-A, columns D–F
$229,364$274,992
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.78%1.18%
People paid over $100,000
Part VII, line 2
76
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
4.96.9
Independent voting board members
Part VI 1a–1b
15 of 15100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

2024 · Form 990, Part III · the three largest programs by expense
$14M expenses · 54.6% of program spending · revenue $19M

Nursing services to private pay, medicare, and medicaid residents

$2.1M expenses · 8.3% of program spending · revenue $4.9M

Assisted living services

$721K expenses · 2.9% of program spending · revenue $1.6M

Independent living services

$8.6M all other programs (line 4d)

Highest reported compensation

2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT/CE
Director/trustee, officer, 40.00 hrs/week
$202,915$0$26,449$229,364
LPN NURSE MA
Key employee, 40.00 hrs/week
$158,341$0$5,893$164,234
GNA
Highest compensated employee, 40.00 hrs/week
$134,805$0$7,954$142,759
DON
Highest compensated employee, 40.00 hrs/week
$114,280$0$22,796$137,076
LPN NURSE MA
Highest compensated employee, 40.00 hrs/week
$114,732$0$7,634$122,366
FMR EXEC DIR
Highest compensated employee, 40.00 hrs/week
$117,858$0$3,434$121,292
GNA
Highest compensated employee, 40.00 hrs/week
$115,873$0$578$116,451

7 people received more than $100,000 in reportable compensation from Fahrney-Keedy Memorial Home (Part VII, line 2). Compensation of current officers, directors and key employees totaled $394K (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40M201920202021202220232024$27M$29M
FilingRevenueExpensesProgramsNet assetsTop pay
2024 ⓘ$27M$29M85.5%$12M$229,364
2023 ⓘ$25M$28M84.6%$13M$216,092
2022 ⓘ$22M$21M86.7%$15M$211,719
2021 ⓘ$22M$21M87.4%$17M$210,017
2020 ⓘ$19M$20M88.3%$14M$209,160
2019 ⓘ$15M$15M89.1%$14M$177,571

Governance answers, as filed

2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 5438
  • Volunteers Part I, line 639

Largest outside contractors

2024 · Form 990, Part VII, Section B · businesses only
FOREFRONT HEALTHCARE LLC
$802,825
RKL LLP
$326,836

Individuals listed as contractors are left out. 2 contractors were paid more than $100,000 in all.

Private foundation grants it received

7 private foundations reported grants to Fahrney-Keedy Memorial Home totaling $140K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Fahrney-Keedy Memorial Home's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Fahrney-Keedy Memorial Home, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All human services charities · Largest charities in Maryland

Questions people ask

How much of Fahrney-Keedy Memorial Home's spending goes to programs?

In calendar year 2024, Fahrney-Keedy Memorial Home reported that 85.5% of its $29.4 million in expenses went to program services, 14.0% to management and general and 0.4% to fundraising (Form 990, Part IX).

How much does Fahrney-Keedy Memorial Home pay its top executive?

The largest total compensation Fahrney-Keedy Memorial Home reported for one person in calendar year 2024 was $229,364, for the role of PRESIDENT/CE (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Fahrney-Keedy Memorial Home get its money?

Of $27.2 million in revenue in calendar year 2024, 2.5% came from contributions and grants and 96.6% from program service revenue (Form 990, Part VIII).

Is Fahrney-Keedy Memorial Home a registered charity?

The IRS lists EIN 52-0610464 as a 501(c)(3) organization (church), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • 2024: Form 990 for calendar year 2024, object 202503079349302470 · read the filing · XML
  • 2023: Form 990 for calendar year 2023, object 202432689349300013 · read the filing
  • 2022: Form 990 for calendar year 2022, object 202303189349315260 · read the filing
  • 2021: Form 990 for calendar year 2021, object 202222719349301672 · read the filing
  • 2020: Form 990 for calendar year 2020, object 202123069349302917 · read the filing
  • 2019: Form 990 for calendar year 2019, object 202032529349300733 · read the filing

All filings for EIN 52-0610464: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.