LIFESTREAM COMPLETE SENIOR LIVING … - Form 990 Financial Data

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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

1975

Legal Domicile

Principal Officer

NATHAN MERRILL

Phone

7194875386

Tax Period

2023-01-01 to 2023-12-31

LIFESTREAM COMPLETE SENIOR LIVING INC, founded in 1975, is a community nonprofit in the Human Services sector that reported $7.1M in total revenue in fiscal year 2023. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $8.3M exceeded revenue, resulting in a 16% operating deficit.

Mission

OUR MISSION IS TO SERVE SENIORS BY ENRICHING THEIR PHYSICAL, EMOTIONAL AND SPIRITUAL HEALTH IN A CLOSE-KNIT COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $4,745,565 Revenue: $1,878,644

THE ORGANIZATION PROVIDES HEALTH CARE SERVICES TO A MAXIMUM OF 60 SENIOR RESIDENTS AT A REASONABLE COST. APPROXIMATELY 8% OF OUR RESIDENTS WERE MEDICAID, AND 18% PRIVATE PAY. OUR MISSION IS ACTED OUT BY 58 ASSOCIATES. WE HAVE CHAPLAINS THAT ATTEND TO THE SPIRITUAL AND EMOTIONAL NEEDS OF OUR RESIDENTS. THE CHALLENGES OUR CHAPLAINS FACE EXTEND FROM SENIOR'S FEARS AND FRUSTRATIONS TO ILLNESSES AND THE LOSS OF LOVED ONES. ON A DAILY BASIS OUR ASSOCIATES HELP RESIDENTS MAKE THE TRANSITION FROM DISCOMFORT TO CONTENTMENT AND FROM APPREHENSION TO ASSURANCE FROM UNCERTAINTY.

Program 2

Expenses: $3,187,443 Revenue: $3,971,336

THE ORGANIZATION PROVIDES QUALITY AFFORDABLE HOUSING AND SERVICES TO APPROXIMATELY 128 SENIOR RESIDENTS AT A REASONABLE COST. RESIDENTS CAN ENJOY THE OUTDOORS AS WELL AS A VARIETY OF SOCIAL...

THE ORGANIZATION PROVIDES QUALITY AFFORDABLE HOUSING AND SERVICES TO APPROXIMATELY 128 SENIOR RESIDENTS AT A REASONABLE COST. RESIDENTS CAN ENJOY THE OUTDOORS AS WELL AS A VARIETY OF SOCIAL ACTIVITIES. SERVICES SUCH AS MEDICATION MANAGEMENT, WELL-BEING CHECKS, PET CARE, TRANSPORTATION TO MEALS, COMPANION SERVICE AND A HOST OF OTHER SERVICES ARE AVAILABLE TO OUR SENIOR HOUSING RESIDENTS. WE ALSO HAVE CHAPLAINS THAT ATTEND TO THE SPIRITUAL AND EMOTIONAL NEEDS OF OUR RESIDENTS.

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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 $140,505

Program Service Revenue $5,849,980

Investment Income $990,645

Other Revenue $150,279

TOTAL REVENUE $7,131,409

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,009,976

Fundraising Expenses $0

Program Expenses $7,933,008

Other Expenses $4,276,552

TOTAL EXPENSES $8,286,528

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,131,409	$11,385,197	-0.4%
Expenses	$8,286,528	$13,488,215	-0.4%
Net Income	$-1,155,119	$-2,103,018	-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

143

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

$1,101,470

Total Directors

$1,253,970

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID KAFORA	EXECUTIVE DIRECTOR (END 10/23)	40.00	Highest	$0	$117	$109,562
DANA RASIC	BOARD CHAIR / CEO	2.00	Officer Director	$0	$15,902	$380,291
NATHAN MERRILL	TREASURER / CFO	2.00	Officer Director	$0	$20,032	$269,393
AUSTIN HARBACH	ASSISTANT SECRETARY	2.00	Officer Director	$0	$10,479	$125,791
TOM WORKMAN	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
DALE TURNER	BOARD MEMBER	1.00	Director	$0	$0	$61,000
DAN VAGLE	BOARD MEMBER	1.00	Officer Director	$0	$0	$61,000
DON MORGAN	BOARD MEMBER	1.00	Director	$0	$0	$61,000
JENNY KENNEDY	BOARD MEMBER	1.00	Officer Director	$0	$0	$10,453
LARRY SMITH	BOARD MEMBER	1.00	Director	$0	$0	$30,500
RICK SUMMERS	BOARD MEMBER / COO	3.00	Officer Director	$0	$13,033	$254,542

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	$7,131,409	$8,286,528	$21,060,205	$-1,155,119
2022	$11,385,197	$13,488,215	$26,335,164	$-2,103,018
2021	$16,070,486	$13,697,556	$29,507,597	$2,372,930
2020	$17,975,774	$15,321,385	$24,040,153	$2,654,389
2019	$14,538,647	$14,900,601	$22,875,521	$-361,954
2018	$13,752,488	$14,104,839	$22,927,382	$-352,351

LIFESTREAM COMPLETE SENIOR LIVING INC