BROOKLYN CENTER, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)CRESCENT COVE, founded in 2009, is a community nonprofit in the Human Services sector that reported $3.7M in total revenue in fiscal year 2024. Revenue surged 29% from the prior year, signaling strong growth momentum. The organization ran a surplus of $578K, a strong 16% operating margin.
CRESCENT COVE OFFERS CARE AND SUPPORT TO CHILDREN AND YOUNG ADULTS WITH A SHORTENED LIFE EXPECTANCY, AND THEIR FAMILIES WHO LOVE THEM.
FAMILY SERVICES - CRESCENT COVE PROVIDES CARE AND SUPPORT TO CHILDREN WITH SHORTENED LIFE EXPECTANCIES AND THE FAMILIES WHO LOVE THEM. IN 2024, CRESCENT COVE INCREASED THE NUMBER OF FAMILIES...
FAMILY SERVICES - CRESCENT COVE PROVIDES CARE AND SUPPORT TO CHILDREN WITH SHORTENED LIFE EXPECTANCIES AND THE FAMILIES WHO LOVE THEM. IN 2024, CRESCENT COVE INCREASED THE NUMBER OF FAMILIES SUPPORTED FROM 386 IN 2023 TO 414 IN 2024. CHILDREN AND FAMILIES WERE SERVED FOR RESPITE OR END-OF-LIFE CARE FOR 734 NIGHTS. FOLLOWING RECEIPT OF A REFERRAL AND COMPLETION OF ENROLLMENT PAPERWORK, FAMILIES WHO HAVE CHILDREN WITH LIFE-THREATENING CONDITIONS RECEIVE SUPPORT BY BRINGING THEIR CHILD AND/OR FAMILY FOR A SHORT STAY AT CRESCENT COVE'S HOSPICE AND RESPITE HOME IN ORDER TO HAVE A NECESSARY BREAK FROM THE DEMANDING 24/7 CARES FOR THEIR CHILD. CRESCENT COVE ALSO OFFERS A SACRED AND SUPPORTIVE PLACE TO BE WHEN A CHILD IS DYING. CRESCENT COVE HAS REGISTERED NURSES AND CERTIFIED NURSING ASSISTANTS CARING FOR CHILDREN 24/7 WITH SUPPORT FROM TWO SOCIAL WORKERS, A CHILD EXPERIENCE SPECIALIST, A MEDICAL DIRECTOR, THE DIRECTOR OF NURSING AND OPERATIONS AND VOLUNTEERS. IN 2024, CRESCENT COVE MET INFECTION CONTROL STANDARDS WITH NO TRANSMISSIONS OF ILLNESSES BETWEEN STAFF AND CHILDREN AND FAMILIES SERVED. IN 2024, CRESCENT COVE WELCOMED PARENTS FOR 74 OVERNIGHT STAYS TO ACCOMPANY THE FIRST NIGHT OF RESPITE STAY FOR CHILDREN AS WELL AS THOSE STAYING FOR END-OF-LIFE CARE. INTEGRATIVE THERAPIES LIKE MUSIC THERAPY, MASSAGE THERAPY, CREATIVE ARTS AND PET THERAPY CONTINUED TO BE PROVIDED SEVERAL TIMES EACH WEEK. CRESCENT COVE HOSTED A SIBLING CAMP WITH 20 PARTICIPANTS, AS WELL AS FAMILY GATHERINGS FOR A SPRING FLING, BACK TO SCHOOL GATHERING, MEMORIAL GATHERING AND A HOLIDAY DRIVE-THRU. ADVOCACY - A LARGE PART OF CRESCENT COVE'S EFFORT TOWARDS ACHIEVING OUR MISSION IS TO RAISE AWARENESS ABOUT THE NEED FOR ADDITIONAL SUPPORT FOR CHILDREN WHO HAVE LIFE-THREATENING CONDITIONS. IN EARLY 2023, CRESCENT COVE SUBMITTED A BILL TO THE MINNESOTA STATE LEGISLATURE ADVOCATING FOR STATE COVERAGE FOR END-OF-LIFE CARE FOR CHILDREN AT A RESIDENTIAL HOSPICE. THE BILL PASSED IN SUMMER 2023. ADDITIONALLY, CRESCENT COVE HOSTED ITS ANNUAL PEDIATRIC PALLIATIVE CARE SYMPOSIUM IN NOVEMBER, 2024, , WITH NEARLY 100 PARTICIPANTS AND 6 LOCAL, NATIONAL AND INTERNATIONAL PRESENTERS. THE MISSION OF CRESCENT COVE WAS ALSO SHARED AT SPEAKING ENGAGEMENTS WITH ROTARY CLUBS, LIONS CLUB AND MANY OTHER EVENTS HELD AND PLANNED IN SUPPORT OF CRESCENT COVE'S MISSION. INTERNALLY, EDUCATION IS OFFERED ON A REGULAR BASIS TO STAFF AT MONTHLY CLINICAL MEETINGS AND QUARTERLY ALL-STAFF MEETINGS AS WELL AS AN ALL-DAY STAFF EDUCATION DAY IN SEPTEMBER.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $3,675,934 | $2,842,074 | +0.3% |
| Expenses | $3,097,537 | $2,546,023 | +0.2% |
| Net Income | $578,397 | $296,051 | +1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| ALICIA BAME-ANDERSON | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| BILL HICKEY | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| BRIAN OSBERG | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| DARREN BECKSTRAND | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| MELISSA JOHNSTON | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| GEOFF KAUFMANN | CHAIR | 5.00 |
Officer
Director
|
$0 | $0 | $0 |
| JENNIFER THIENES | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| MARY GAASCH | EXECUTIVE DIR. | 40.00 |
Officer
Director
|
$130,000 | $21,875 | $151,875 |
| KEITH MOELLER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| MARGRETTE NEWHOUSE | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| RAENELL DORN | TREASURER | 6.00 |
Officer
Director
|
$0 | $0 | $0 |
| RICH FORSCHLER | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| CAROL RUSSELL | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| BOB COHEN | DIRECTOR | 5.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,675,934 | $3,097,537 | $7,408,973 | $578,397 |
| 2023 | $2,842,074 | $2,546,023 | $6,450,750 | $296,051 |
| 2022 | $2,256,040 | $2,238,679 | $5,744,917 | $17,361 |
| 2021 | $2,512,892 | $2,008,903 | $6,185,591 | $503,989 |
| 2020 | $1,853,818 | $1,755,647 | $5,895,235 | $98,171 |
| 2019 | $1,346,885 | $1,632,663 | $5,458,517 | $-285,778 |
| 2018 | $1,439,266 | $998,471 | $5,439,276 | $440,795 |
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