Financial Ratios and Trend Analysis for Senior Living

This document is a report detailing the 32nd edition of the Financial Ratios & Trend Analysis of CARF-Accredited Continuing Care Retirement Communities, released by CARF in partnership with Ziegler and Baker Tilly. It presents fiscal year data from March 31, 2023, to December 31, 2023, focusing on 17 separate financial ratios categorized by contract type and quartile rankings. The report includes comparative data for both single-site and multi-site organizations, highlighting key financial metrics such as Net Operating Margin, Days Cash on Hand, and Debt Service Coverage Ratio. The report indicates that single-site organizations achieved operational stability in 2023, while multi-site organizations saw improvements. Additionally, the document references other benchmarking tools, including Fitch Ratings' 2024 Not-for-Profit Life Plan Communities Median Ratios and Ziegler's annual financial ratio medians report, encouraging senior living organizations to utilize these resources for assessing financial health and setting organizational goals.