MOUNT OLIVET ROLLING ACRES INC
Mission Statement
The mission of Mount Olivet Rolling Acres is to provide persons with developmental and other disabilities the residential facilities, care and services that will meet their physical, spiritual and psychosocial needs in order that they will realize a quality of life that is valued by society. We strive to meet and exceed the wants, needs and expectations of those we serve, provide an enriching work environment, and deliver high quality specialized services. Our core values include: The infinite worth of people We affirm that all residents, parents, staff, donors and volunteers share a common dignity and shall be accorded respect. Excellence in service The entire Mount Olivet Rolling Acres family has the right to expect commitment to quality by all staff as reflected in ethical decisions, compassion, professionalism and performance. Stewardship We embrace the importance of being good stewards with every resource available to us. Interdependence Every person and organization is interdependent with others in our community and beyond. Renewal Energizing and renewing our organization and each other on a daily basis is needed to meet the changing needs of the residents.
Financial Overview — FY 2023
Compared with Peers
FY 2023| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
92.6% | 87.4% |
P10P90
|
Top quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
7.1% | 11.3% |
P10P90
|
Top quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.2% | 0.2% |
P10P90
|
Below median |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
2.0 mo | 6.3 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
55.6% | 34.8% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
99.0% | 93.0% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
12.4% | 6.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
11.8% | 8.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-2.9% | 1.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2023 | $44.1M | $45.3M | $7.5M | 92.6% | 580 |
| 2022 | $39.2M | $40.6M | $8.5M | 92.4% | 573 |
| 2021 | $42.5M | $38.8M | N/A | — | 594 |
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