SHADY LANE 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

1950

Legal Domicile

Principal Officer

AARON SCONZERT

Phone

9206828254

Tax Period

2024-10-01 to 2025-09-30

SHADY LANE INC, founded in 1950, is a mid-sized nonprofit in the Human Services sector that reported $12.8M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

SHADY LANE STRIVES TO PROVIDE OLDER ADULTS IN MANITOWOC COUNTY THE HIGHEST QUALITY RESIDENTIAL CARE AT A REASONABLE COST. RESIDENTS OF SHADY LANE CAN EXPECT TO ENJOY A HOME-LIKE SETTING WITH A SUPPORTIVE ATMOSPHERE THAT RESPECTS INDIVIDUALITY, PROMOTES PHYSICAL AND EMOTIONAL WELLBEING, AND ENCOURAGES INDEPENDENCE.

Program Service Accomplishments

Program 1

Expenses: $7,449,753 Revenue: $7,121,534

SKILLED NURSING SERVICES ARE OFFERED TO THE SENIOR POPULATION. THESE ARE THE HIGHER ACUITY POPULATION NEEDING THE MOST INTENSE SKILLED NURSING SERVICES. RESIDENTS TREATED CAN INCLUDE THE PRIVATE PAY RESIDENTS, AND THE RESIDENTS ON GOVERNMENT FUNDING (MEDICARE AND MEDICAID). NUMBER OF RESIDENTS TREATED IN THE PLAN YEAR WERE 249.

Program 2

Expenses: $4,710,196 Revenue: $5,601,559

ASSISTED LIVING SERVICES ARE OFFERED TO THE LIGHTER CARE ASSISTED LIVING POPULATION. THESE RESIDENTS CAN MAINTAIN AN AMOUNT OF INDEPENDENCE WHILE STILL RECEIVING THE NECESSARY NURSING SERVICE TO...

ASSISTED LIVING SERVICES ARE OFFERED TO THE LIGHTER CARE ASSISTED LIVING POPULATION. THESE RESIDENTS CAN MAINTAIN AN AMOUNT OF INDEPENDENCE WHILE STILL RECEIVING THE NECESSARY NURSING SERVICE TO MAINTAIN A QUALITY OF LIFE. RESIDENTS IN THE ASSISTED LIVING CAN INCLUDE THE PRIVATE PAY RESIDENTS AND RESIDENTS RECEIVING GOVERNMENT FUNDING. NUMBER OF RESIDENTS TREATED IN THE PLAN YEAR WERE 167.

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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 $21,127

Program Service Revenue $13,034,732

Investment Income $12,825

Other Revenue $-233,283

TOTAL REVENUE $12,835,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,235,754

Fundraising Expenses $0

Program Expenses $12,159,949

Other Expenses $5,561,614

TOTAL EXPENSES $13,797,368

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,835,401	$11,398,158	+0.1%
Expenses	$13,797,368	$11,872,801	+0.2%
Net Income	$-961,967	$-474,643	+1.0%

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

301

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

$208,325

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MONICA NICHTER	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
DAVID LESS	BOARD SECRETARY	0.50	Officer Director	$0	$0	$0
JODY NEILSON	BOARD VICE CHAIR (THRU SEP 2025)	0.50	Officer Director	$0	$0	$0
KAY AVCI	BOARD MEMBER	0.50	Director	$0	$0	$0
HEATHER GARCIA	BOARD MEMBER	0.50	Director	$0	$0	$0
DAYNA GOETZ	BOARD MEMBER	0.50	Director	$0	$0	$0
CHRIS HERZOG	BOARD MEMBER	0.50	Director	$0	$0	$0
MATTHEW NEU	BOARD MEMBER	0.50	Director	$0	$0	$0
KAREN O'LEARY	BOARD MEMBER (THRU JAN 2025)	0.50	Director	$0	$0	$0
DENNIS TIENOR	BOARD MEMBER	0.50	Director	$0	$0	$0
AMY FRICKE-WEIGEL	BOARD MEMBER	0.50	Director	$0	$0	$0
TODD MEERDINK	CEO	40.00	Officer	$151,821	$14,134	$165,955
AARON SCONZERT	CFO	40.00	Officer	$39,463	$2,907	$42,370
DEANNE WEIER	DON	40.00	Highest	$101,209	$48,985	$150,194
YUMIKO RAPISARDA-DOERFLER	NURSE	40.00	Highest	$125,541	$11,717	$137,258
LINDA MARTINEZ	NURSE	40.00	Highest	$102,988	$31,986	$134,974
KRISTIN KORFF	NURSE	40.00	Highest	$121,573	$13,183	$134,756

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	$12,835,401	$13,797,368	$11,033,313	$-961,967
2024	$11,398,158	$11,872,801	$11,476,696	$-474,643
2023	$9,287,005	$10,891,144	$12,135,844	$-1,604,139
2022	$8,664,472	$10,458,440	$13,650,522	$-1,793,968
2021	$9,565,870	$10,396,472	$15,807,912	$-830,602
2020	$10,665,672	$10,535,934	$16,493,640	$129,738
2019	$9,801,055	$10,336,987	$16,303,712	$-535,932
2018	$9,346,621	$10,101,766	$17,212,456	$-755,145