Nexus-Kindred Family Healing

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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

2003

Legal Domicile

Principal Officer

Scott McGuire

Phone

7635518640

Tax Period

2023-01-01 to 2023-12-31

Nexus-Kindred Family Healing, founded in 2003, is a community nonprofit in the Human Services sector that reported $5.5M in total revenue in fiscal year 2023. Revenue decreased 5% compared to the prior year.

Mission

Changing the course of a child's life by stabilizing families and strengthening mental health.

Program Service Accomplishments

Program 1

Expenses: $4,462,058 Revenue: $4,897,385

Nexus-Kindred Family Healing (NKD), an affiliate of Nexus Family Healing is one of the largest private foster care providers in MN. It supports youth and families safety, healing, and permanency for children. Enrollments in 2023:4 emergency Foster Care youth; 279 Foster Care; 10 Child Placement Services(adoption); 29 Child Specific Recruitment(adoption); 103 Short Term Foster Care; 33 STAY; and 86 for Visitation. NKD served a total of 427 youth & families through, 41% of counties in MN, and two additional states in 2023.

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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 $602,691

Program Service Revenue $4,897,385

Investment Income $14

Other Revenue $19,645

TOTAL REVENUE $5,519,735

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,937,340

Fundraising Expenses $30,731

Program Expenses $4,462,058

Other Expenses $3,908,040

TOTAL EXPENSES $5,845,380

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,519,735	$5,824,496	-0.1%
Expenses	$5,845,380	$6,173,801	-0.1%
Net Income	$-325,645	$-349,305	-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

N/A

Employees

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

$1,617,864

Total Directors

$2,421,099

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Michelle Murray-ChairNexus	Family Healing CEO & President	1.00	Officer Director	$0	$32,642	$608,178
Scott McGuire-DirectorNexus	Family Healing CFO	1.00	Officer Director	$0	$11,406	$409,155
Jennifer McIntosh-DirNexus	Family Healing Chief HR Officer	1.00	Director	$0	$14,209	$376,184
Margaret Vimont-DirectorNexus	Family Healing VP S&SD	1.00	Director	$0	$36,405	$342,956
Paula Minske-DirectorNexus	Family Healing VP Clinical Services	1.00	Director	$0	$42,913	$315,182
Roberta Kochevar-DirectorNexus	Family Healing CO Child & Family	1.00	Director	$0	$16,223	$369,444
Nicole Mucheck	Regional Director	39.00	Officer	$0	$12,458	$193,995
Gretchen Welch	Regional Director	40.00	Officer	$106,890	$5,013	$111,903
Stacy Sikorski	Regional Director	40.00	Officer	$105,318	$12,394	$117,712
McKenzie McMillan	Regional Director	40.00	Officer	$91,515	$2,024	$93,539
Karleen Tollgaard	Regional Director	40.00	Officer	$80,536	$2,846	$83,382

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	$5,519,735	$5,845,380	$1,170,306	$-325,645
2022	$5,824,496	$6,173,801	$1,233,955	$-349,305
2021	$6,183,388	$6,195,592	$839,964	$-12,204
2020	$6,964,814	$7,137,490	$1,102,948	$-172,676
2018	$9,301,148	$9,565,045	$1,534,262	$-263,897