BRIDGES CARE CENTER

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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

2008

Legal Domicile

Principal Officer

JERRY CARLEY

Phone

7633472200

Tax Period

2024-07-01 to 2025-06-30

BRIDGES CARE CENTER, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $6.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

WE ARE A CATHOLIC, FAITH-BASED ORGANIZATION ENTRUSTED WITH ADVANCING THE LIFE-ENHANCING SENIOR CARE MINISTRY OF THE BENEDICTINE SISTERS OF DULUTH, MINNESOTA. WE WITNESS TO GOD'S LOVE BY CREATING INCLUSIVE COMMUNITIES, SUPPORTING THOSE WE SERVE TO LIVE WELL AND WITH PURPOSE, WITH SPECIAL CONCERN FOR THE UNDERSERVED.

Program Service Accomplishments

Program 1

Expenses: $5,144,420 Revenue: $5,982,208

OPERATION OF BENEDICTINE LIVING COMMUNITY-ADA, A 49 BED LONG-TERM CARE FACILITY IN ADA, MINNESOTA WHICH PROVIDES SKILLED NURSING CARE TO THE ELDERLY. THE FACILITY HAD 86.9% OCCUPANCY AND SERVED 128...

Program 2

Expenses: $589,103 Revenue: $420,137

OPERATION OF MISSION COURT, A 18 UNIT INDEPENDENT LIVING FACILITY IN ADA, MINNESOTA. THE FACILITY HAD AN AVERAGE OCCUPANCY OF 50.4% AND SERVED 12 INDIVIDUALS DURING THE FISCAL YEAR ENDED 6/30/25.

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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 $195,839

Program Service Revenue $6,402,345

Investment Income $43,363

Other Revenue $298,688

TOTAL REVENUE $6,940,235

Expense Breakdown

Grants Paid $97,782

Salaries & Benefits $3,772,848

Fundraising Expenses $0

Program Expenses $5,733,523

Other Expenses $3,010,372

TOTAL EXPENSES $6,881,002

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,940,235	$6,379,024	+0.1%
Expenses	$6,881,002	$6,530,340	+0.1%
Net Income	$59,233	$-151,316	-1.4%

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

124

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

$2,136,013

Total Directors

$292,718

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAYLAR HACK	VP OF BHS/PRESIDENT	1.00	Officer Director	$0	$21,125	$292,718
RYAN PALM	CHAIR	1.00	Officer Director	$0	$0	$0
TANNER HOLTEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
COLLEEN KAPPES	DIRECTOR	1.00	Director	$0	$0	$0
KAILEY MYKLESETH	DIRECTOR	1.00	Director	$0	$0	$0
SISTER MYRA SCHMIEG OSB	DIRECTOR	1.00	Director	$0	$0	$0
SISTER RACHEL BEITZ	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW FORGIT	DIRECTOR	1.00	Director	$0	$0	$0
HALLIE FISCHER	DIRECTOR	1.00	Director	$0	$0	$0
LISA ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
JEAN ANN BIENEK	DIRECTOR	1.00	Director	$0	$0	$0
KARI KOENING	DIRECTOR	1.00	Director	$0	$0	$0
JERRY CARLEY	CEO OF BHS	1.00	Officer	$0	$174,329	$1,087,851
KEVIN RYMANOWSKI	CFO & TREASURER	1.00	Officer	$0	$89,096	$600,393
MORGAN HVIDING	EXECUTIVE DIRECTOR	40.00	Officer	$0	$30,097	$155,051

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	$6,940,235	$6,881,002	$5,949,927	$59,233
2024	$6,379,024	$6,530,340	$6,032,522	$-151,316
2023	$5,612,361	$5,956,636	$5,905,478	$-344,275
2022	$5,449,396	$5,718,013	$6,333,298	$-268,617
2021	$5,278,398	$5,185,524	$6,415,390	$92,874
2020	$5,195,374	$5,183,460	$6,257,989	$11,914
2019	$5,404,087	$5,233,208	$6,074,925	$170,879
2018	$5,413,841	$5,413,275	$6,043,315	$566