PARK TERRACE ASSISTED LIVING INC

EIN: 204063752 501(c)(3) Housing & Shelter

EDINA, MN

Total Revenue
$3,071,077
Total Expenses
$2,808,983
Total Assets
$5,770,648
Net Assets
$2,225,113
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
MN
Principal Officer
ROBERT DAHL
Phone
9528555000
Tax Period
2023-01-01 to 2023-12-31

PARK TERRACE ASSISTED LIVING INC, founded in 2005, is a community nonprofit in the Housing & Shelter sector that reported $3.1M in total revenue in fiscal year 2023. Expenses of $2.8M left a modest 9% surplus.

Mission

TO PROVIDE HEALTH CARE, HOUSING, AND COMMUNITY SERVICES FOR THE ELDERLY.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $2,971,549
Investment Income $75,582
Other Revenue $23,946
TOTAL REVENUE $3,071,077

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,432,244
Fundraising Expenses $0
Program Expenses $2,425,516
Other Expenses $1,376,739
TOTAL EXPENSES $2,808,983

Year-over-Year Comparison

2023 2022 Change
Revenue $3,071,077 $3,035,737 +0.0%
Expenses $2,808,983 $2,861,722 0.0%
Net Income $262,094 $174,015 +0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

Sign In

Governance

Voting Members
5
Independent Members
5
Employees
60
Volunteers
29

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
10
$2,578,269
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT DAHL PRESIDENT/CEO 0.30
Officer
$0 $108,350 $728,206
MATTHEW KERN CHIEF OPERATING OFFICER 0.30
Officer
$0 $109,481 $442,057
KATHY YOUNGQUIST CHIEF FINANCIAL OFFICER 0.30
Officer
$0 $79,279 $416,436
KATHY KOPP CHIEF STRATEGIC OFFICER 0.30
Officer
$0 $88,142 $368,733
ANGELA BROWN CHIEF HUMAN RESOURCE OFFICER 0.30
Officer
$0 $68,177 $313,835
SHARON WILSON CHIEF CLINICAL AND COMPLIANCE OFFICER 0.30
Officer
$0 $48,520 $309,002
NIKKI WEBER DANIELS CHAIR AND DIRECTOR 0.25
Officer Director
$0 $0 $0
PATRICK NUSS VICE CHAIR AND DIRECTOR 0.25
Officer Director
$0 $0 $0
PAUL ANDERSON SECRETARY/TREASURER AND DIRECTOR 0.25
Officer Director
$0 $0 $0
MICHAEL ADERINKOMI DIRECTOR 0.25
Director
$0 $0 $0
LORES VLAMINCK DIRECTOR 0.25
Director
$0 $0 $0
STANN LEFF CHAIR AND DIRECTOR (THRU MARCH) 0.25
Officer Director
$0 $0 $0
DOCTOR GUY TANGEDAHL DIRECTOR (THRU JUNE) 0.25
Director
$0 $0 $0
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
2024 No data No data No data No data
2023 $3,071,077 $2,808,983 $5,770,648 $262,094
2022 $3,035,737 $2,861,722 $5,602,917 $174,015
2021 $2,853,999 $2,742,144 $6,055,183 $111,855
2020 $2,767,460 $2,621,720 $5,954,174 $145,740
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare PARK TERRACE ASSISTED LIVING INC with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.