SAINT THERESE COMMUNITIES

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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

2004

Legal Domicile

Principal Officer

CRAIG ABBOTT

Phone

9522832204

Tax Period

2024-07-01 to 2025-06-30

SAINT THERESE COMMUNITIES, founded in 2004, is a mid-sized nonprofit that reported $61.3M in total revenue in fiscal year 2024. Revenue surged 22% from the prior year, signaling strong growth momentum.

Mission

SAINT THERESE IS A NONPROFIT CATHOLIC SENIOR LIVING COMMUNITY BORN OUT OF A SIMPLE MISSION: DO ORDINARY THINGS WITH EXTRAORDINARY LOVE.

Program Service Accomplishments

Program 1

Expenses: $18,323,569 Revenue: $19,965,165

SAINT THERESE OF WOODBURY IS A FULL CONTINUUM CARE COMMUNITY LOCATED IN WOODBURY, MINNESOTA, OPERATED WITH THE PURPOSE OF OFFERING A PURPOSE-FILLED LIFE FOR ITS RESIDENTS, WHICH IS ACHIEVED THROUGH THE OPERATION OF A SENIOR LIVING COMMUNITY CONSISTING OF 102 INDEPENDENT LIVING UNITS, 38 ASSISTED LIVING UNITS, 20 MEMORY CARE UNITS, AND A 56-BED LICENSED NURSING FACILITY.

Program 2

Expenses: $16,077,555 Revenue: $19,869,818

SAINT THERESE OF OXBOW LAKE IS A SENIOR LIVING COMMUNITY LOCATED IN BROOKLYN PARK OPERATED WITH THE PURPOSE TO OFFER A FULL CONTINUUM OF CARE COMMUNITY TO HELP ITS RESIDENTS ENJOY A PURPOSE-FILLED...

SAINT THERESE OF OXBOW LAKE IS A SENIOR LIVING COMMUNITY LOCATED IN BROOKLYN PARK OPERATED WITH THE PURPOSE TO OFFER A FULL CONTINUUM OF CARE COMMUNITY TO HELP ITS RESIDENTS ENJOY A PURPOSE-FILLED LIFE IN WAYS THAT BEST FIT THEIR LIFESTYLE AND INDIVIDUALITY. THIS IS DONE THROUGH THE OPERATION OF 82 INDEPENDENT LIVING UNITS, 41 ASSISTED LIVING UNITS, 20 MEMORY CARE UNITS, AND A 64-BED LICENSED NURSING FACILITY.

Program 3

Expenses: $8,748,758 Revenue: $9,391,365

ON DECEMBER 1ST, 2024, SAINT THERESE OF AVON ASSUMED OWNERSHIP OF ST. MARY OF THE WOODS, A FULL CONTINUUM OF CARE RETIREMENT COMMUNITY IN AVON, OHIO. THE SENIOR LIVING COMMUNITY OFFERS 81 APARTMENTS FOR INDEPENDENT LIVING, 48 APARTMENTS FOR ASSISTED LIVING, AND 50 BEDS LICENSED FOR SKILLED NURSING.

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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 $620,837

Program Service Revenue $58,596,524

Investment Income $-255,458

Other Revenue $2,310,030

TOTAL REVENUE $61,271,933

Expense Breakdown

Grants Paid $62,898

Salaries & Benefits $29,977,318

Fundraising Expenses $0

Program Expenses $52,957,976

Other Expenses $34,212,529

TOTAL EXPENSES $64,252,745

Year-over-Year Comparison

	2024	2023	Change
Revenue	$61,271,933	$50,184,022	+0.2%
Expenses	$64,252,745	$47,335,679	+0.4%
Net Income	$-2,980,812	$2,848,343	-2.0%

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

916

Volunteers

659

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

$1,110,626

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE HORSTMANN	CHAIR	1.00	Officer Director	$0	$0	$0
JANE MCCROSSAN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
KATHRYN WORNSON	SECRETARY	1.00	Officer Director	$0	$0	$0
DAVID HOFFMANN	TREASURER	1.00	Officer Director	$0	$0	$0
SR PAT MCCLUSKY	DIRECTOR	1.00	Director	$0	$0	$0
FR JOSEPH GILLESPIE	DIRECTOR	1.00	Director	$0	$0	$0
STEVE MEADS	DIRECTOR	1.00	Director	$0	$0	$0
DR MONICA PARMAR	DIRECTOR	1.00	Director	$0	$0	$0
PATRICK TAFFE	DIRECTOR	1.00	Director	$0	$0	$0
CRAIG ABBOTT	PRESIDENT & CEO	29.00	Officer	$0	$34,746	$708,358
CALVIN SHELANGOSKI	CFO	29.00	Officer	$0	$31,601	$402,268
AMY E TAYLOR-GREENGARD	EVP	40.00	Highest	$215,907	$8,180	$224,087
EVERLYN K OPAKA	RN	40.00	Highest	$138,334	$15,844	$154,178
NOLAY FREEMAN	HOSPICE AND PALLIATIVE DIR	40.00	Highest	$132,591	$19,124	$151,715
KRYSTLE D PLOHOCKY	DIRECTOR	40.00	Highest	$122,242	$25,367	$147,609
BAYON M WILLIAMS	RN	40.00	Highest	$122,071	$1,830	$123,901

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	$61,271,933	$64,252,745	$232,441,243	$-2,980,812
2024	No data	No data	No data	No data
2023	$49,061,799	$45,654,461	$119,103,437	$3,407,338
2022	$50,944,592	$49,070,385	$113,254,773	$1,874,207
2021	$46,911,248	$45,238,846	$121,765,844	$1,672,402
2020	$46,757,971	$51,119,089	$116,625,409	$-4,361,118