BUFFALO LAKE HEALTHCARE CENTER INC

EIN: 263686845 501(c)(3) Human Services

BUFFALO LAKE, MN

Total Revenue
$7,531,021
Total Expenses
$7,254,558
Total Assets
$11,149,002
Net Assets
$3,766,747
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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
MN
Principal Officer
MARK RUST
Phone
3208335364
Tax Period
2023-10-01 to 2024-09-30

BUFFALO LAKE HEALTHCARE CENTER INC, founded in 2008, is a community nonprofit in the Human Services sector that reported $7.5M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $7.3M left a modest 4% surplus.

Mission

TO PROVIDE SENIOR HEALTH, HOUSING, AND REHABILITATIVE SERVICES IN THE BUFFALO LAKE AREA.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $405,384
Program Service Revenue $6,967,405
Investment Income $86,078
Other Revenue $72,154
TOTAL REVENUE $7,531,021

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,493,830
Fundraising Expenses $0
Program Expenses $6,581,887
Other Expenses $2,760,728
TOTAL EXPENSES $7,254,558

Year-over-Year Comparison

2023 2022 Change
Revenue $7,531,021 $6,428,035 +0.2%
Expenses $7,254,558 $6,508,685 +0.1%
Net Income $276,463 $-80,650 -4.4%
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

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Governance

Voting Members
9
Independent Members
9
Employees
126
Volunteers
30

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
6
$129,343
Total Directors
11
$7,425
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARY BAUMGARTEN PRESIDENT 1.00
Officer Director
$1,200 $0 $1,200
GAYLE DEAL VICE PRESIDENT 1.00
Officer Director
$750 $0 $750
MARK TAYLOR VICE PRESIDENT - PART YEAR 1.00
Officer Director
$525 $0 $525
DEB DEAL TREASURER 1.00
Officer Director
$925 $0 $925
ANGELA WEISPFENNING SECRETARY 1.00
Officer Director
$1,100 $0 $1,100
ROGER NEWMAN DIRECTOR 1.00
Director
$825 $0 $825
KATHY WEHKING DIRECTOR 1.00
Director
$750 $0 $750
LOREN MACKEY DIRECTOR 1.00
Director
$750 $0 $750
BRIAN LAUER DIRECTOR 1.00
Director
$0 $0 $0
BRIAN RYBERG DIRECTOR 1.00
Director
$0 $0 $0
KORY KOTTKE DIRECTOR - PART YEAR 1.00
Director
$600 $0 $600
MARK RUST CEO 30.00
Officer
$107,386 $17,457 $124,843
KATIE ANTONSEN ASSISTANT DIRECTOR OF NURS 60.00
Highest
$181,921 $10,006 $191,927
CARRIE KURTH LICENSED PRACTICAL NURSE 60.00
Highest
$111,180 $16,875 $128,055
KENDRA HILES DIRECTOR OF NURSING 40.00
Highest
$154,376 $18,824 $173,200
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 $7,531,021 $7,254,558 $11,149,002 $276,463
2023 $6,428,035 $6,508,685 $10,865,505 $-80,650
2022 $6,270,131 $6,116,182 $10,992,369 $153,949
2021 $6,319,936 $6,261,880 $11,110,288 $58,056
2020 $6,231,510 $5,900,553 $11,453,234 $330,957
2019 $5,857,528 $5,444,227 $9,736,600 $413,301
2018 $5,586,669 $5,239,660 $9,392,984 $347,009
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