PARK TERRACE ASSISTED LIVING INC

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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

2005

Legal Domicile

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 FOSTER FULLNESS OF LIFE FOR OLDER ADULTS IN THE SPIRIT OF CHRIST'S LOVE.

Program Service Accomplishments

Program 1

Expenses: $2,392,012 Revenue: $2,971,549

PARK TERRACE ASSISTED LIVING, INC. WAS ORGANIZED FOR THE PURPOSE OF OPERATING AN ASSISTED LIVING AND MEMORY CARE FACILITY IN BUFFALO, MN AND IT HAS 46 UNITS.

Program 2

Expenses: $33,504 Revenue: $33,504

PARK TERRACE ASSISTED LIVING, INC. RENTS SPACE TO A RELATED ORGANIZATION, PARK VIEW CARE CENTER, FOR ADULT DAYCARE OPERATIONS AND CHAPEL USAGE.

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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 (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

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Financial Health Indicators

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

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

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

$2,578,269

Total Directors

Key Employees

Highest Compensated

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