CORVILLA 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

1966

Legal Domicile

Principal Officer

SHELLIE WOOLDRIDGE

Phone

5742899779

Tax Period

2023-01-01 to 2023-12-31

CORVILLA INC, founded in 1966, is a community nonprofit in the Human Services sector that reported $6.7M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $6.5M left a modest 3% surplus.

Mission

C.O.R. BECAME CORVILLA, INC IN 1963. CORVILLA FOUNDED THE VERY FIRST GROUP HOME IN ST. JOSEPH COUNTY AND TODAY, OWNS AND OPERATES FOUR HOMES LOCATED THROUGHOUT THE COMMUNITY. SINCE 2015, WE HAVE EXPANDED OUR MISSION TO INCLUDE A DAY SERVICES AND EMPLOYMENT SERVICES PROGRAM. CORVILLA STRIVES TO CREATE A SUPPORTIVE AND CARING HOME ATMOSPHERE, PROVIDE TRAINING IN ADAPTIVE SKILLS, AS WELL AS DEVELOPING RELATIONSHIPS AND INDEPENDENCE SKILLS FOR EVERY PERSON WE SERVE. THOUGH MUCH HAS CHANGED SINCE 1959, CORVILLA'S PURPOSE IS THE SAME AS IT WAS IN THE BEGINNING - TO PROVIDE LIFE-ENHANCING SERVICES TO ENRICH THE LIVES OF INDIVIDUALS WITH DISABILITIES WHILE ENCOURAGING RESPECT AND DIGNITY IN THE COMMUNITIES IN WHICH WE LIVE.

Program Service Accomplishments

Program 1

Expenses: $2,209,878 Revenue: $2,856,218

RESIDENTIAL SERVICES PROGRAM - WITH OUR RESIDENTIAL SERVICES, OUR GROUP HOMES OFFER A FAMILY ENVIRONMENT AND ARE THE PERFECT OPTION FOR THOSE WANTING TO LIVE WITH INDEPENDENCE BUT MAY STILL NEED...

RESIDENTIAL SERVICES PROGRAM - WITH OUR RESIDENTIAL SERVICES, OUR GROUP HOMES OFFER A FAMILY ENVIRONMENT AND ARE THE PERFECT OPTION FOR THOSE WANTING TO LIVE WITH INDEPENDENCE BUT MAY STILL NEED PERSONALIZED SUPPORT.

Program 2

Expenses: $960,663 Revenue: $935,725

EMPLOYMENT SERVICES PROGRAM - OUR EMPLOYMENT PROGRAM HELPS INDIVIDUALS WHO WANT TO GET BACK INTO THE WORKFORCE OR ENTER FOR THE FIRST TIME. WE SUPPORT AND ENCOURAGE INDEPENDENCE AND RESPONSIBILITY...

EMPLOYMENT SERVICES PROGRAM - OUR EMPLOYMENT PROGRAM HELPS INDIVIDUALS WHO WANT TO GET BACK INTO THE WORKFORCE OR ENTER FOR THE FIRST TIME. WE SUPPORT AND ENCOURAGE INDEPENDENCE AND RESPONSIBILITY. OUR GOAL IS TO MATCH OUR CLIENTS WITH LONG-TERM EMPLOYMENT.

Program 3

Expenses: $1,079,989 Revenue: $1,237,200

DAY PROGRAM IS A CREATIVE, FUN, LEARNING ENVIRONMENT WITH ADULTS WHO HAVE INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. WITH DAILY SCHEDULED ACTIVITIES, WE CREATE A POSITIVE ATMOSPHERE WHERE OUR...

DAY PROGRAM IS A CREATIVE, FUN, LEARNING ENVIRONMENT WITH ADULTS WHO HAVE INTELLECTUAL AND DEVELOPMENTAL DISABILITIES. WITH DAILY SCHEDULED ACTIVITIES, WE CREATE A POSITIVE ATMOSPHERE WHERE OUR CLIENTS FEEL SAFE AND ENGAGED. DAY PROGRAMS ALLOW EVERYONE TO CHOOSE WHAT ACTIVITIES THEY WANT TO PARTICIPATE IN

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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 $470,695

Program Service Revenue $6,032,404

Investment Income $143,983

Other Revenue $61,133

TOTAL REVENUE $6,708,215

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,287,138

Fundraising Expenses $0

Program Expenses $5,117,555

Other Expenses $1,212,700

TOTAL EXPENSES $6,499,838

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,708,215	$5,890,524	+0.1%
Expenses	$6,499,838	$6,075,903	+0.1%
Net Income	$208,377	$-185,379	-2.1%

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

201

Volunteers

N/A

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

$301,679

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DON WIERENGA	CEO	40.00	Officer	$104,667	$29,910	$134,577
SHELLIE WOOLDRIDGE	CFO	40.00	Officer	$77,568	$12,398	$89,966
MARCIE BRABENDER	COO	40.00	Officer	$73,488	$3,648	$77,136
HAROON ANSARI-NAZ	VICE PRESIDE	1.00	Director	$0	$0	$0
C GREG FRY	MEMBER	1.00	Director	$0	$0	$0
SUSAN E GALAN	SECRETARY	1.00	Director	$0	$0	$0
LAURA GUENTERT	TREASURER	1.00	Director	$0	$0	$0
LORI HUNDT	MEMBER	1.00	Director	$0	$0	$0
MARY JO OGREN	PRESIDENT	1.00	Director	$0	$0	$0
MOLLY REIDY	MEMBER	1.00	Director	$0	$0	$0
NATE ZOLMAN	MEMBER	1.00	Director	$0	$0	$0

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	$6,708,215	$6,499,838	$6,673,382	$208,377
2022	$5,890,524	$6,075,903	$6,263,572	$-185,379
2021	$5,675,672	$5,525,179	$7,229,289	$150,493
2020	$5,682,529	$4,898,379	$6,943,598	$784,150