MERIDIAN VILLAGE ASSOCIATION C/O L… - Form 990 Financial Data

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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

2002

Legal Domicile

Principal Officer

ADAM MARLES

Phone

3149689313

Tax Period

2022-01-01 to 2022-12-31

MERIDIAN VILLAGE ASSOCIATION C/O LUTHERAN SENIOR SERVICES, founded in 2002, is a mid-sized nonprofit that reported $21.9M in total revenue in fiscal year 2022. Revenue grew 19% year-over-year, indicating healthy expansion.

Mission

TO ADDRESS AND MEET THE NEEDS OF AGED PERSONS, INCLUDING HOUSING, HEALTHCARE, AND FINANCIAL SECURITY.

Program Service Accomplishments

Program 1

Expenses: $19,410,359 Revenue: $20,837,662

OPERATION OF A LIFE PLAN COMMUNITY THAT OFFERS A CONTINUUM OF CARE THAT INCLUDES 129 INDEPENDENT LIVING APARTMENTS, 34 PATIO HOMES, 66 ASSISTED LIVING UNITS, 48 ASSISTED LIVING MEMORY CARE UNITS AND 70 SKILLED NURSING BEDS, WHICH INCLUDE 12 MEDICAID CERTIFIED BEDS. BENEVOLENT CARE ASSISTANCE IS ALSO PROVIDED, WHICH INCLUDES MEDICAID CONTRACTUAL ALLOWANCES. THE CORPORATION'S RESIDENTIAL FACILITIES AND PROGRAMS ARE SPECIFICALLY DESIGNED TO MEET AND MAINTAIN ITS AGED RESIDENTS PHYSICAL AND EMOTIONAL WELL-BEING, AS WELL AS MEET THEIR RECREATIONAL, SOCIAL, AND RELIGIOUS NEEDS.TOTAL BENEVOLENT CARE ASSISTANCE PROVIDED WAS $587,522, OF WHICH, $587,522 IS OFFSETTING PROGRAM SERVICE REVENUE.

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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 (2022)

Revenue Breakdown

Contributions & Grants $865,768

Program Service Revenue $20,837,662

Investment Income $63,709

Other Revenue $177,952

TOTAL REVENUE $21,945,091

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,125,702

Fundraising Expenses $0

Program Expenses $19,410,359

Other Expenses $11,260,216

TOTAL EXPENSES $22,385,918

Year-over-Year Comparison

	2022	2021	Change
Revenue	$21,945,091	$18,412,695	+0.2%
Expenses	$22,385,918	$18,645,704	+0.2%
Net Income	$-440,827	$-233,009	+0.9%

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

417

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

$3,084,674

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY L DUNN	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
DR F MATTHEW KUHLMANN	SECRETARY	0.20	Officer Director	$0	$0	$0
REV ROY CHRISTELL	BOARD MEMBER	0.20	Director	$0	$0	$0
DIANE R DROLLINGER	BOARD MEMBER	0.20	Director	$0	$0	$0
JOHN A KOMLOS	BOARD MEMBER (TERM ENDED JUNE 2022)	0.20	Director	$0	$0	$0
HARRY MUELLER	BOARD MEMBER	0.20	Director	$0	$0	$0
LISA J SOMBART	BOARD MEMBER	0.20	Director	$0	$0	$0
PAUL N TICE	VICE CHAIRPERSON	0.20	Officer Director	$0	$0	$0
DAVID ANDERSON	BOARD MEMBER	0.20	Director	$0	$0	$0
JULIE BANTLE	BOARD MEMBER	0.20	Director	$0	$0	$0
NORMAN TOON	BOARD MEMBER	0.20	Director	$0	$0	$0
DAN BROWN	ASSISTANT SECRETARY	0.20	Officer Director	$0	$0	$0
ELISE MCCLINE	BOARD MEMBER	0.20	Director	$0	$0	$0
BRENT BEUMER	BOARD MEMBER	0.20	Director	$0	$0	$0
REV JOEL CHRISTIANSEN	BOARD MEMBER	0.20	Director	$0	$0	$0
MEAGAN MEADOWS	BOARD MEMBER	0.20	Director	$0	$0	$0
GARRY ANDERSON	CHIEF OPERATING OFFICER	1.00	Officer	$0	$28,172	$359,350
LISA NORWINE	CHIEF ADVANCEMENT OFFICER	1.00	Officer	$0	$29,156	$325,052
VALERIE COOPER	VP, LIFE PLAN COMMUNITIES	1.00	Officer	$0	$29,657	$226,006
CHAD SNEED	CHIEF FINANCIAL OFFICER	1.00	Officer	$0	$34,816	$344,736
COLLEEN BOTTENS	VP HCBS	1.00	Officer	$0	$29,494	$209,618
LISA WILLIAMS	SR VP OF WORKFORCE EXCELLENCE	1.00	Officer	$0	$8,785	$224,081
BEN CAFFEY	EX DIR OF REVENUE ENHANCEMENT	1.00	Officer	$0	$17,279	$170,155
BRIAN REINHOLD	VP OF RISK/SAFETY/COMPLIANCE	1.00	Officer	$0	$33,711	$201,293
JOSH KING	VP OF INFORMATION TECHNOLOGY	1.00	Officer	$0	$32,909	$207,205
BECKY ZIMMER	EX DIR OF PLANNED GIVING	1.00	Officer	$0	$4,794	$134,525
ADAM MARLES	PRESIDENT/CEO	1.00	Officer	$0	$30,824	$465,932
MARYANNE WALLACE	EX DIR OF MARKETING & COMMUNICATION	1.00	Officer	$0	$22,473	$144,545
BETH RUSERT	CHIEF EXPERIENCE OFFICER	1.00	Officer	$0	$654	$72,176
RACHEL LITTLE	DIR OF CLINICAL COMPLIANCE	1.00	Highest	$0	$9,649	$165,657
TODD YOUNG	NETWORK DIRECTOR	1.00	Highest	$0	$6,116	$158,261
MARY HEMPHILL	RN	1.00	Highest	$0	$12,538	$176,722
AMY THOMAS	CONTROLLER	1.00	Highest	$0	$7,284	$161,184
DENIS THIEN	DIR OF BENEFITS & COMPENSATION	1.00	Highest	$0	$13,269	$151,084

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
2022	$21,945,091	$22,385,918	No data	$-440,827
2021	$18,412,695	$18,645,704	$41,915,755	$-233,009
2020	$17,694,637	$18,377,379	$35,415,733	$-682,742
2019	$18,792,414	$18,400,101	$36,623,362	$392,313
2018	$18,582,199	$18,087,836	$35,269,545	$494,363

MERIDIAN VILLAGE ASSOCIATION C/O LUTHERAN SENIOR SERVICES