Golden Years Homestead Inc

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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

1967

Legal Domicile

Phone

2607499655

Tax Period

2024-07-01 to 2025-06-30

Golden Years Homestead Inc, founded in 1967, is a mid-sized nonprofit in the Health Care sector that reported $17.9M in total revenue in fiscal year 2024. Expenses of $16.0M left a modest 11% surplus.

Mission

GOLDEN YEARS HOMESTEAD INC IS A RETIREMENT & HEALTH CARE CENTER. OUR NON-FOR-PROFIT, CHRISTIAN COMMITMENT HAS ALLOWED US TO HOLD OUR AGING IN REVERENCE BY PROVIDING MULTIPLE CARE OPTIONS FROM INDEPENDENT LIVING AND SHORT-TERM REHABILITATION STAYS TO LONG TERM CARE.

Program Service Accomplishments

Program 1

Expenses: $13,146,585 Revenue: $17,189,186

THE ORGANIZATION PROVIDES NURSING CARE IN A HOME AS WELL AS IN INDEPENDENT LIVING UNITS FOR THE ELDERLY. OUR NURSING FACILITY CONTAINS 111 COMPREHENSIVE CARE BEDS. RESIDENTS MAY CHOOSE BETWEEN...

THE ORGANIZATION PROVIDES NURSING CARE IN A HOME AS WELL AS IN INDEPENDENT LIVING UNITS FOR THE ELDERLY. OUR NURSING FACILITY CONTAINS 111 COMPREHENSIVE CARE BEDS. RESIDENTS MAY CHOOSE BETWEEN PRIVATE AND SEMI-PRIVATE ROOMS. EIGHTY-FIVE OF THE 111 BEDS ARE MEDICAL, AND THE REMAINING 26 ARE SECURE CARE. SECURE CARE HAS BEEN DESIGNED WITH THE SPECIAL NEEDS OF ALZHEIMER'S RESIDENTS IN MIND. THIRTEEN BEDS ARE UTILIZED FOR SHORT-TERM PHYSICAL REHAB (LESS THAN 100 DAYS) WITHIN THE FACILITY. WE OFFER 44 ASSISTED LIVING ROOMS WITH 24-HOUR CARE. INDEPENDENT LIVING CONSISTS OF 72 VILLAS IN OUR FORT WAYNE, IN CAMPUS. 2% OF TOTAL REVENUE WAS USED TO PROVIDE COMMUNITY BENEFITS, WHICH INCLUDE THE FOLLOWING AMOUNTS; INDIGENT CARE/CHARITY CARE $376,150 FOR FOR FYE JUNE 30, 2025.

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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 $9,525

Program Service Revenue $17,005,048

Investment Income $546,452

Other Revenue $366,243

TOTAL REVENUE $17,927,268

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,561,797

Fundraising Expenses $0

Program Expenses $13,146,585

Other Expenses $7,418,956

TOTAL EXPENSES $15,980,753

Year-over-Year Comparison

	2024	2023	Change
Revenue	$17,927,268	$17,463,479	+0.0%
Expenses	$15,980,753	$15,045,068	+0.1%
Net Income	$1,946,515	$2,418,411	-0.2%

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

243

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CYNDY ELICK	CHAIR	1.0	Officer Director	$0	$0	$0
DONNA MISNER	VICE CHAIR	1.0	Officer Director	$0	$0	$0
ANDREA VAN WYNGARDEN	BOARD MEMBER	1.0	Director	$0	$0	$0
DALE D DEAN	BOARD MEMBER	1.0	Director	$0	$0	$0
DON SCHMIDT	BOARD MEMBER	1.0	Director	$0	$0	$0
DOUG SHAW	BOARD MEMBER (LEFT 01/25)	1.0	Director	$0	$0	$0
DR GEORGE BULLION	BOARD MEMBER	1.0	Director	$0	$0	$0
JEANNINE N B VILLARREAL	BOARD MEMBER	1.0	Director	$0	$0	$0
JOE HEINS	BOARD MEMBER (LEFT 11/24)	1.0	Director	$0	$0	$0
JOHN HARRIS	BOARD MEMBER	1.0	Director	$0	$0	$0
LINDA SMITH	BOARD MEMBER	1.0	Director	$0	$0	$0
MICHAEL CARPENTER	BOARD MEMBER	1.0	Director	$0	$0	$0
RAY MCINTOSH	BOARD MEMBER	1.0	Director	$0	$0	$0
THOMAS PHILLIPS	BOARD MEMBER	1.0	Director	$0	$0	$0
AIMEE RIEMKE	ASSISTANT SECRETARY	1.0	Officer	$0	$0	$0
CALLIE SELNER HARTUNG	ASSISTANT TREASURER (LEFT 8/24)	1.0	Officer	$0	$0	$0
ERIC HERSHBERGER	CORORATE TREASURER (LEFT 04/25)	1.0	Officer	$0	$0	$0
RYDELL BONTRAGER	SECRETARY	1.0	Officer	$0	$0	$0
SHAUNA SHAFER	PRESIDENT (START 06/25)	5.0	Officer	$0	$0	$0
STEVE SCHAAF	PRESIDENT (LEFT 06/25)	35.0	Officer	$0	$0	$0
KIMBERLY BROWN	RN SUPERVISOR	40.0	Highest	$125,394	$7,811	$133,205
LINDIWE MALATSE	LPN	40.0	Highest	$131,765	$17,738	$149,503

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	$17,927,268	$15,980,753	$54,368,069	$1,946,515
2024	No data	No data	No data	No data
2023	$16,729,676	$14,314,186	$45,997,498	$2,415,490
2022	$15,263,184	$13,919,803	$39,874,515	$1,343,381
2021	$16,680,598	$12,738,485	$41,801,306	$3,942,113
2020	$11,995,483	$10,086,308	$37,236,483	$1,909,175
2018	$10,519,606	$9,438,529	$33,048,108	$1,081,077