Financial Advisory Panel
Choosing a retirement community to live in requires a thorough review of the many options available. Key to this decision is an analysis of its long-term viability. CARF's Financial Advisory Panel conducts ongoing analyses within the industry and publishes resources that can be used by provider organizations and consumers alike.
The Financial Advisory Panel (FAP) comprises leading finance experts, including CFOs and consumers from accredited organizations, investment banking, accounting, and other related firms.
2023 Financial Advisory Panel Members
A.V. Powell & Associates, LLC – David Shaw, Managing Consultant
Baker Tilly US, LLP – Patrick Heavens, Partner
Baptist Senior Family – Tim Myers, President & CEO
Eventus Strategic Partners – Alan Wells, President
Frasier – John Jenkins, Person Served/Resident
Herbert J. Sims & Co., Inc. – Jim Bodine, Executive Vice President
Moorings Park – Mary Morton, CFO
Presbyterian SeniorCare Network – Todd Boslau, Senior Vice President & CFO
RKL, LLC – Jeffrey Boland, Partner, Senior
Living Services Consulting Group
St. Catherine’s Village – Scott Kersh, CFO
Ziegler – Amy Castleberry, Managing Director
The FAP provides input on development of financial standards and strategic educational resources, including:
- Developing operational indicators.
- Enhancing financial standards for all areas of Aging Services within CARF's purview.
- Reviewing aggregate data to identify financial trends and issues in the field.
The FAP produces two publications, the Financial Ratios & Trend Analysis of CARF-accredited Continuing Care Retirement Communities (produced annually and distributed in the fall) and the Consumer Guide to Life Plan Communities: Quality and Financial Viability, which are highly acclaimed resources for service providers and consumers, respectively.
Financial Ratios & Trend Analysis of CARF-accredited Continuing Care Retirement Communities: This publication includes information about the financial position of organizations that have been through CARF's accreditation process for CCRCs. A valuable benchmarking resource, the information serves as a point of reference for developing internal targets of financial performance. This publication are offered for purchase through CARF's
Online Store.
Consumer Guide to Life Plan Communities: Quality and Financial Viability: Given the long-term commitment involved in choosing an LPC or CCRC, this objective resource booklet reviews important criteria for consideration. It describes and compares various fee structures and contract types for CCRCs. It is a collaborative effort of CARF's FAP, provider organizations, and involved residents. This guide may be
downloaded for free (PDF).