ELIM PARK BAPTIST HOME INC (EIN 060658099) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1906

Legal Domicile

Principal Officer

MICHELLE PASCETTA

Phone

2032723547

Tax Period

2024-10-01 to 2025-09-30

ELIM PARK BAPTIST HOME INC, founded in 1906, is a mid-sized nonprofit in the Human Services sector that reported $41.1M in total revenue in fiscal year 2024. Expenses of $38.4M left a modest 7% surplus.

Mission

ELIM PARK WAS FOUNDED IN 1906 BY THE SWEDISH BAPTIST CONFERENCE WITH THE MISSION TO CARE (SEE SCH. O) FOR AND PROVIDE A HOME OF REST FOR THE FRAIL AND ELDERLY MEMBERS OF THEIR CONFERENCE. SINCE OUR INCORPORATION, OUR MISSION HAS EXPANDED AND MATURED, AND WE ARE NO LONGER A "HOME OF REST," BUT RATHER A HOME WHERE RESIDENTS CAN FLOURISH AND LIVE ACTIVE, INSPIRED, FULFILLING LIVES. THE INTERDENOMINATIONAL NATURE OF OUR ORGANIZATION WELCOMES OLDER ADULTS OF ALL FAITHS, WITH A CARING STAFF AND CHRIST-CENTERED ENVIRONMENT THAT ALLOWS THEM TO GROW IN SPIRITUAL HEALTH AS WELL AS MEETING THEIR PHYSICAL NEEDS. OUR MISSION IS TO PROVIDE QUALITY CARE THROUGH EXCITING CULTURAL AND FITNESS PROGRAMS AND A BROAD SPECTRUM OF HEALTH SERVICES IN A CHRIST-CENTERED ENVIRONMENT. ELIM PARK LOOKS UPON ITS MISSION AS AN EXTENSION OF THE CHURCH MINISTRY WITHIN THE BAPTIST GENERAL CONFERENCE AND GIVES ADMISSION PRIORITY TO ITS MEMBERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $818,914

Program Service Revenue $38,331,491

Investment Income $1,860,737

Other Revenue $119,050

TOTAL REVENUE $41,130,192

Expense Breakdown

Grants Paid $2,176,231

Salaries & Benefits $20,994,001

Fundraising Expenses $21,933

Program Expenses $33,499,678

Other Expenses $15,242,391

TOTAL EXPENSES $38,412,623

Year-over-Year Comparison

	2024	2023	Change
Revenue	$41,130,192	$38,106,307	+0.1%
Expenses	$38,412,623	$34,985,560	+0.1%
Net Income	$2,717,569	$3,120,747	-0.1%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

548

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$564,646

Total Directors

Key Employees

$181,553

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS NELSON	DIRECTOR/IMMEDIATE PAST CHAIR	2.00	Officer Director	$0	$0	$0
ROBERTO ECKER	CHAIR	2.00	Officer Director	$0	$0	$0
VICKI HOFFMAN	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOANNE PERRY	TREASURER	2.00	Officer Director	$0	$0	$0
TIM PONZANI	SECRETARY	2.00	Officer Director	$0	$0	$0
MARKES WILSON	DIRECTOR	2.00	Director	$0	$0	$0
KEITH WETJEN	DIRECTOR	2.00	Director	$0	$0	$0
MIKE WIJAS	DIRECTOR	2.00	Director	$0	$0	$0
JAMES SIPSMA	DIRECTOR	2.00	Director	$0	$0	$0
BRIAN BEDARD	PRESIDENT	40.00	Officer	$306,782	$51,147	$357,929
MICHELLE PASCETTA	CHIEF FINANCIAL OFFICER	40.00	Officer	$185,401	$21,316	$206,717
JOHN SWEENEY	ADMINSTRATOR OF HEALTH SERVICE	40.00	Key Emp	$173,504	$8,049	$181,553
JEFFREY BERMAN	LIFE SPAN SPECIALIST	40.00	Highest	$144,129	$6,516	$150,645
ROBERT COTA	DIRECTOR OF INDEPENDENT LIVING	40.00	Highest	$137,406	$20,234	$157,640
DEBORAH SMITH	STAFF DEVELOP. & INFECT. PREVEN. RN	40.00	Highest	$130,640	$19,934	$150,574
KARA TAYLOR	DIRECTOR OF NURSING	40.00	Highest	$163,480	$5,556	$169,036
NASTASIA VILLEDA	RN SUPERVISOR	40.00	Highest	$127,476	$14,811	$142,287

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$41,130,192	$38,412,623	$108,782,698	$2,717,569
2024	$38,106,307	$34,985,560	$104,663,750	$3,120,747
2023	$39,025,062	$31,634,607	$97,179,314	$7,390,455
2022	$33,404,736	$28,582,163	$81,688,611	$4,822,573
2021	$33,908,799	$28,278,092	$82,860,943	$5,630,707
2020	$31,372,962	$29,479,885	$79,527,072	$1,893,077
2019	$30,685,147	$29,389,886	$73,564,301	$1,295,261
2018	$30,451,567	$29,569,923	$73,007,119	$881,644

ELIM PARK BAPTIST HOME INC