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  • 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.

    2021 Financial Advisory Panel Members

    ACTS Retirement-Life Communities, Inc. – Susan Ahern, Vice President & Controller
    Baker Tilly US, LLP – Patrick Heavens, Partner, Healthcare Practice  
    Eventus Strategic Partners – Alan Wells, President
    Friendship Senior Options – Michael Flynn, Vice President & CFO  
    Herbert J. Sims & Co., Inc. – Jim Bodine, Executive Vice President     
    The Huntington National Bank – Tom Gibbons, Senior Vice President, Commercial Banking
    Ingleside – Tim Myers, CFO/COO
    Moorings Park – Mary Morton, CFO
    RKL, LLP – Jeff 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 & Trends Analysis of CARF-accredited Continuing Care Retirement Communities (produced annually and distributed in the fall) and the Consumer Guide to Understanding Financial Performance and Reporting in CCRCs, which are highly acclaimed resources for service providers and consumers, respectively. Copies of these publications are offered for purchase at the CARF Online Store.

    Financial Ratios & Trends 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.

    Consumer Guide to Understanding Financial Performance and Reporting in CCRCs: Given the long-term commitment involved in choosing a continuing care retirement community (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) or purchased in printed form from the CARF Online Store.

  • Webinar: Financial Ratios and Trends for Continuing Care Retirement Communities

    Presented by CARF and professionals from Ziegler, Presbyterian SeniorCare Network, and St. Catherine's Village

    This free, on-demand webinar for the Continuing Care Retirement Community (CCRC)/Life Plan Community (LPC) industry will help you understand financial trends from fiscal year-end data of accredited CCRCs, develop an understanding of how to use financial ratios for strategic decision making, and recognize best practices for developing budgets and demonstrating financial stability based on specific benchmarks. This collaborative discussion of industry experts uses information from the 2020 Financial Ratios & Trend Analysis report with key stakeholders, including prospects, residents, boards, and payers.


  • Aging services lenders

    Lenders seeking to invest in the senior housing and services sector may have questions about accreditation and how it helps identify an organization that is prepared to meet the terms of a lending arrangement.

    Visit to get started.

  • In the news

    WFAE, an NPR station in North Carolina, interviewed FAP member Bradley Paulis in a segment about CCRCs.

    Listen to the segment here

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