TWIN LAKES

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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

2000

Legal Domicile

Principal Officer

SCOTT MCQUINN

Phone

5132471300

Tax Period

2023-01-01 to 2023-12-31

TWIN LAKES, founded in 2000, is a mid-sized nonprofit in the Housing & Shelter sector that reported $38.2M in total revenue in fiscal year 2023. Expenses of $35.0M left a modest 9% surplus.

Mission

VISION: WE WORK FOR THE DAY WHEN EVERYONE INVOLVED IN SENIOR LIVING FINDS FULFILLMENT THROUGH: (A) LIFE WITH MEANING AND PURPOSE; (B) ENRICHING OPPORTUNITIES AND EXPERIENCES; (C) COMMUNITIES FOSTERING RELATIONSHIP AND PERPETUATING LEGACY. MISSION: WE PROVIDE EXCEPTIONAL EVERYDAY EXPERIENCES IN A CHRISTIAN COMMUNITY BY: (A) CREATING ASSOCIATE EXPERIENCES THAT SUPPORT, ENGAGE AND EMPOWER DELIVERING RESIDENT AND CUSTOMER EXPERIENCES THAT EXCEED EXPECTATIONS; (B) SETTING AND SURPASSING STANDARDS FOR QUALITY AND SAFETY; (C) GROWING CONSISTENTLY IN SERVICE AND VALUE; (D) PRODUCING EXPANDED RESOURCES TO EXTEND OUR IMPACT. VALUES: WE ARE AN EXTENDED FAMILY OF MULTIPLE GENERATIONS, BOUND TOGETHER WITH: (A) RESPECT: HONORING THE DIGNITY OF ALL PEOPLE; (B) INNOVATION: IGNITING ENTREPRENEURIAL INITIATIVE AND CREATIVE SOLUTIONS; (C) SPIRITUALITY: PURSUING OUR PURPOSE CONSISTENT WITH CHRISTIAN PRINCIPLES; (D) EXCELLENCE: STRIVING FOR EXTRAORDINARY EFFECTIVENESS AND EFFICIENCY.

Program Service Accomplishments

Program 1

Expenses: $33,551,028 Revenue: $33,234,600

TWIN LAKES PROVIDES ITS RESIDENTS WITH NURSING CARE BEDS (43) OR ASSISTED LIVING UNITS (44) IF THEY ARE NOT ABLE TO LIVE INDEPENDENTLY, OR APARTMENTS OR PATIO HOMES (283) IF THEY ARE ABLE TO LIVE...

TWIN LAKES PROVIDES ITS RESIDENTS WITH NURSING CARE BEDS (43) OR ASSISTED LIVING UNITS (44) IF THEY ARE NOT ABLE TO LIVE INDEPENDENTLY, OR APARTMENTS OR PATIO HOMES (283) IF THEY ARE ABLE TO LIVE INDEPENDENTLY. TWIN LAKES ALSO PROVIDES ITS RESIDENTS WITH RELIGIOUS, SOCIAL, EDUCATIONAL AND WELLNESS PROGRAMS AND SERVICES. DINING SERVICES INCLUDE THREE MEALS PER DAY FOR NURSING CARE AND ASSISTED LIVING RESIDENTS. THE REMAINING RESIDENTS RECEIVE AN ALLOWANCE TO COVER 15 TO 30 MEALS PER MONTH DEPENDING UPON THEIR PLAN. MAINTENANCE, ENVIRONMENTAL SERVICES AND LAUNDRY SERVICES ALSO ARE PROVIDED AT VARIOUS LEVELS FOR TWIN LAKES' 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 $4,258,614

Program Service Revenue $33,234,600

Investment Income $348,464

Other Revenue $369,696

TOTAL REVENUE $38,211,374

Expense Breakdown

Grants Paid $237,339

Salaries & Benefits $8,647,136

Fundraising Expenses $0

Program Expenses $33,551,028

Other Expenses $26,069,166

TOTAL EXPENSES $34,953,641

Year-over-Year Comparison

	2023	2022	Change
Revenue	$38,211,374	$35,525,193	+0.1%
Expenses	$34,953,641	$31,811,440	+0.1%
Net Income	$3,257,733	$3,713,753	-0.1%

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

N/A

Volunteers

141

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

$2,462,342

Total Directors

$1,777,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MCQUINN	CEO/ PRESIDENT	3.00	Officer Director	$0	$414,381	$1,028,545
JAMES BOWERSOX	COO/ SECRETARY	3.00	Officer Director	$0	$301,144	$748,905
LARRY BRUESHABER	CHAIR	1.00	Director	$0	$0	$0
DOUG BURGESS	TRUSTEE	1.00	Director	$0	$0	$0
SANDRA EAST	TRUSTEE	1.00	Director	$0	$0	$0
ROBYN HILDAL	TRUSTEE	1.00	Director	$0	$0	$0
JOSEPH THORPE	TRUSTEE	1.00	Director	$0	$0	$0
KEVIN MCDONNELL	CFO/ TREASURER	3.00	Officer	$0	$185,604	$460,963
LISA ZIMMERS	EXECUTIVE DIRECTOR	40.00	Officer	$0	$62,588	$223,929

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	$38,211,374	$34,953,641	$223,119,797	$3,257,733
2022	$35,525,193	$31,811,440	$228,518,323	$3,713,753
2021	$30,548,357	$30,144,363	$221,116,873	$403,994
2020	$29,798,148	$28,243,015	$215,184,566	$1,555,133