COVENANT LIVING AT THE HOLMSTAD INC (EIN 362835154) - Form 990 Financial Analysis & Trantor Score

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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

1975

Legal Domicile

Principal Officer

DAVID ERICKSON

Phone

6308794100

Tax Period

2023-10-01 to 2024-09-30

COVENANT LIVING AT THE HOLMSTAD INC, founded in 1975, is a mid-sized nonprofit in the Human Services sector that reported $20.8M in total revenue in fiscal year 2023. The organization ran a surplus of $3.5M, a strong 17% operating margin.

Mission

CARE FOR SENIOR ADULTS.

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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 $375,499

Program Service Revenue $18,866,063

Investment Income $1,290,602

Other Revenue $268,398

TOTAL REVENUE $20,800,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,041,579

Fundraising Expenses $210,443

Program Expenses $11,136,825

Other Expenses $12,300,823

TOTAL EXPENSES $17,342,402

Year-over-Year Comparison

	2023	2022	Change
Revenue	$20,800,562	$20,745,346	+0.0%
Expenses	$17,342,402	$17,595,026	0.0%
Net Income	$3,458,160	$3,150,320	+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

552

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

$3,161,302

Total Directors

$2,095,747

Key Employees

$922,340

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TERRI S CUNLIFFE	DIRECTOR/CLCS PRESIDENT/CEO-PART YR	1.00	Officer Director	$0	$33,657	$961,812
DAVID G ERICKSON	GEN COUNSEL PART YR/ASST SEC/CEO	1.00	Officer Director	$0	$122,066	$554,672
TODD SLECHTA	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$59,996	$365,122
TAMMY SWANSON-DRAHEIM	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$105,500	$214,141
JANET CREANEY	DIRECTOR/CHAIR	0.10	Officer Director	$0	$0	$0
LORENE FLEWELLEN	DIRECTOR/VICE CHAIR	0.10	Officer Director	$0	$0	$0
JANET GOELZ HOFFMAN	DIRECTOR/SECRETARY	0.10	Officer Director	$0	$0	$0
ALLAN ANDERSON	DIRECTOR	0.10	Director	$0	$0	$0
SARAH BENTLEY	DIRECTOR	0.10	Director	$0	$0	$0
KATHY BUETTNER	DIRECTOR	0.10	Director	$0	$0	$0
PAMELA CHRISTENSEN	DIRECTOR	0.10	Director	$0	$0	$0
ARTHUR DEROOY	DIRECTOR/EX-OFFICIO - PART YEAR	0.10	Director	$0	$0	$0
JOHN FREDRICKSON	DIRECTOR	0.10	Director	$0	$0	$0
KURT KINCANON	DIRECTOR	0.10	Director	$0	$0	$0
MATTHEW MANLOVE	DIRECTOR	0.10	Director	$0	$0	$0
ROBERT MARTIN	DIRECTOR	0.10	Director	$0	$0	$0
JENNIFER MEANS	DIRECTOR	0.10	Director	$0	$0	$0
MARY PALMER	DIRECTOR/EX-OFFICIO	0.10	Director	$0	$0	$0
LOANN PETERSON	DIRECTOR - PART YEAR	0.10	Director	$0	$0	$0
DIXIE REPPE	DIRECTOR - PART YEAR	0.10	Director	$0	$0	$0
RICK SHEPARD	DIRECTOR	0.10	Director	$0	$0	$0
ANDREW VANOVER	DIRECTOR	0.10	Director	$0	$0	$0
JEAN E JUSTIE	CFO/TREASURER/ASST SECRETARY	1.00	Officer	$0	$90,531	$550,215
WILLIAM RABE	CHIEF INFO & TECH OFFICER/ASST SEC.	1.00	Officer	$0	$60,892	$424,704
CORY KALLHEIM	GENERAL COUNSEL/ASST SECRETARY	1.00	Officer	$0	$70,455	$325,787
EMILY WARNYGORA	SR. EXEC. ASST TO CEO/ASST SECRETARY	1.00	Officer	$0	$13,095	$108,766
JAY PRINCE	SVP, COMMUNITY OPS/ASST SECRETARY	1.00	Officer	$0	$24,248	$235,346
JULIO MACIAS	EXECUTIVE DIRECTOR	30.00	Key Emp	$214,387	$34,230	$248,617
HILDE SAGER	ASSOCIATE VICE PRESIDENT, OPERATIONS	1.00	Key Emp	$0	$52,452	$303,119
TANDERIA BROWN	CHIEF HUMAN RESOURCES OFFICER	1.00	Key Emp	$0	$65,889	$370,604
DARLETTA ANDERSON	SALES REPRESENTATIVE	40.00	Highest	$129,774	$42,375	$172,149
LINDSEY BRUNI	DIRECTOR OF SALES	40.00	Highest	$145,555	$4,366	$149,921
JOSEPH MCMANUS	ASSOCIATE EXECUTIVE DIRECTOR	40.00	Highest	$141,533	$42,218	$183,751
MATTHEW MILLER	HEALTHCARE ADMINISTRATOR	40.00	Highest	$142,554	$12,699	$155,253
SANDRA MILLER	REGIONAL DIRECTOR, HUMAN RESOURCES	40.00	Highest	$136,797	$15,582	$152,379
CORY STERN	FORMER INTERIM FINANCE LEAD/TREAS.	0.00		$0	$34,904	$268,486

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	$20,800,562	$17,342,402	$75,014,935	$3,458,160
2023	$20,745,346	$17,595,026	$74,559,524	$3,150,320
2022	$18,391,953	$17,326,002	$74,086,393	$1,065,951
2021	$18,281,769	$17,561,785	$74,023,860	$719,984
2020	$16,640,345	$16,719,475	$74,011,211	$-79,130
2019	$16,448,366	$16,334,177	$72,864,632	$114,189

COVENANT LIVING AT THE HOLMSTAD INC