CATHOLIC RESIDENTIAL SERVICES INC … - 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

1960

Legal Domicile

Principal Officer

JERRY CARLEY

Phone

7633472200

Tax Period

2024-07-01 to 2025-06-30

CATHOLIC RESIDENTIAL SERVICES INC DBA BENEDICTINE LIVING COMMUNITIES OF WI, founded in 1960, is a mid-sized nonprofit in the Human Services sector that reported $11.4M in total revenue in fiscal year 2024. Revenue fell 37% from the prior year — a significant decline worth monitoring. Expenses of $13.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

WE ARE A CATHOLIC, FAITH-BASED ORGANIZATION ENTRUSTED WITH ADVANCING THE LIFE-ENHANCING SENIOR CARE MINISTRY OF THE BENEDICTINE SISTERS OF DULUTH, MINNESOTA. WE WITNESS TO GOD'S LOVE BY CREATING INCLUSIVE COMMUNITIES, SUPPORTING THOSE WE SERVE TO LIVE WELL AND WITH PURPOSE, WITH SPECIAL CONCERN FOR THE UNDERSERVED.

Program Service Accomplishments

Program 1

Expenses: $7,914,433 Revenue: $9,491,990

THE ORGANIZATION OPERATES BENEDICTINE LIVING COMMUNITY-LACROSSE, A 66-BED NURSING FACILITY WHICH HAD AN OCCUPANCY OF 87.2% AND SERVED 236 INDIVIDUALS; AND A 43-UNIT ASSISTED LIVING COMMUNITY...

THE ORGANIZATION OPERATES BENEDICTINE LIVING COMMUNITY-LACROSSE, A 66-BED NURSING FACILITY WHICH HAD AN OCCUPANCY OF 87.2% AND SERVED 236 INDIVIDUALS; AND A 43-UNIT ASSISTED LIVING COMMUNITY (BENEDICTINE VILLA) WHICH HAD AN OCCUPANCY 55.2% AND SERVED 45 INDIVIDUALS DURING THE FISCAL YEAR ENDED 6/30/25.

Program 2

Expenses: $2,982,303 Revenue: $3,522,379

THE ORGANIZATION OPERATES BENEDICTINE LIVING COMMUNITY-WAUSAU, A 82-BED NURSING FACILITY IN WAUSAU, WISCONSIN THAT HAD AN AVERAGE OCCUPANCY OF 89.5% AND SERVED 166 INDIVIDUALS DURING THROUGH...

THE ORGANIZATION OPERATES BENEDICTINE LIVING COMMUNITY-WAUSAU, A 82-BED NURSING FACILITY IN WAUSAU, WISCONSIN THAT HAD AN AVERAGE OCCUPANCY OF 89.5% AND SERVED 166 INDIVIDUALS DURING THROUGH 10/31/2024. THE FACILITY WAS SOLD ON 10/31/2024.

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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 $37,178

Program Service Revenue $13,014,369

Investment Income $-1,712,396

Other Revenue $15,769

TOTAL REVENUE $11,354,920

Expense Breakdown

Grants Paid $131,507

Salaries & Benefits $8,278,564

Fundraising Expenses $0

Program Expenses $10,896,736

Other Expenses $4,710,107

TOTAL EXPENSES $13,120,178

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,354,920	$18,071,431	-0.4%
Expenses	$13,120,178	$17,661,806	-0.3%
Net Income	$-1,765,258	$409,625	-5.3%

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

439

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

$1,919,771

Total Directors

$1,973,881

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY CARLEY	CEO OF BHS	1.00	Officer Director	$0	$174,329	$1,087,851
KEVIN RYMANOWSKI	CFO & TREASURER	1.00	Officer Director	$0	$89,096	$600,393
JENNIFER BRUHN	OPERATIONS VP	1.00	Director	$0	$18,774	$285,637
CHRISTINE NYKIEL	SECRETARY (THRU 11/2024)	1.00	Officer Director	$0	$0	$0
LESLIE ELLEFSEN	EXEC DIR / LACROSSE	40.00	Officer	$0	$3,998	$121,015
GARY HIXON	EXEC DIR / WAUSAU (THRU 10/2024)	40.00	Officer	$0	$10,450	$110,512
MARGARITA ENRIQUEZ	RN	40.00	Highest	$110,277	$10,690	$120,967
MEGAN GRANZIN	ADON	40.00	Highest	$110,018	$25,079	$135,097
JANE SALEWSKI	CLINICAL REIMBURSEMENT MANAGER (THRU 10/2024)	40.00	Highest	$114,174	$14,473	$128,647
HILLARY LAFFIN	DON (THRU 10/2024)	40.00	Highest	$100,429	$13,151	$113,580

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	$11,354,920	$13,120,178	$5,776,780	$-1,765,258
2024	$18,071,431	$17,661,806	$8,771,240	$409,625
2023	$17,326,355	$16,779,800	$7,311,742	$546,555
2022	$15,237,307	$15,328,594	$7,962,702	$-91,287
2021	$15,142,116	$14,492,556	$8,441,352	$649,560
2020	$15,249,687	$14,531,728	$8,297,834	$717,959
2019	$14,803,921	$14,615,778	$7,578,675	$188,143
2018	$14,146,105	$14,651,920	$7,532,835	$-505,815

CATHOLIC RESIDENTIAL SERVICES INC DBA BENEDICTINE LIVING COMMUNITIES OF WI