CEDAR CREST INC

EIN: 391025444 501(c)(3) Health Care

JANESVILLE, WI

Total Revenue
$19,238,532
Total Expenses
$21,924,716
Total Assets
$124,069,797
Net Assets
$14,412,701
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
2003
Legal Domicile
WI
Principal Officer
DAVID TANCK
Phone
6087560344
Tax Period
2023-07-01 to 2024-06-30

CEDAR CREST INC, founded in 2003, is a mid-sized nonprofit in the Health Care sector that reported $19.2M in total revenue in fiscal year 2023. Revenue surged 21% from the prior year, signaling strong growth momentum. Expenses of $21.9M exceeded revenue, resulting in a 14% operating deficit.

Mission

CEDAR CREST'S MISSION IS TO "ENRICH THE QUALITY OF LIFE FOR SENIOR ADULTS AT ALL LEVELS OF INDEPENDENCE, GUIDED BY A SPIRITUALLY BASED, NOT-FOR-PROFIT CULTURE THAT FOSTERS COMPASSION AND CARE." AS A SPIRTUALLY BASED ORGANIZATION, WE BELIEVE EACH PERSON WHETHER RESIDENT, STAFF, VOLUNTEER, OR NEIGHBOR IS A PRECIOUS GIFT TO BE TREATED WITH RESPECT IN BODY, MIND, AND SPIRIT. WE BELIEVE SENIOR ADULTS DESERVE TO LIVE THEIR FULL LIFE WITH DIGNITY. THEREFORE, WE ARE DEDICATED TO TREATING EACH PERSON WHO LIVES AT CEDAR CREST AS AN IMPORTANT AND UNIQUE INDIVIDUAL AND TO PROVIDE THE SUPPORT NEEDED TO ENHANCE THE LIVES OF OUR RESIDENTS. THROUGH INTEGRITY AND PROFESSIONALISM, CLEAR AND INCLUSIVE COMMUNICATION, A DIVERSE AND DYNAMIC ARRAY OF LIVING AND SERVICE OPTIONS, A RESPECT FOR INDIVIDUAL EXPERIENCES AND CHOICES, AND A CORPORATE CULTURE OF EXCELLENT CUSTOMER SERVICE, WE STRIVE TO HELP EACH RESIDENT ACHIEVE THE HIGHEST QUALITY OF LIFE POSSIBLE.

Program Service Accomplishments

Program 1
Expenses: $8,943,693 Revenue: $9,049,712

CEDAR VIEW IS A SKILLED NURSING FACILITY PROVIDING 24 HOUR COMPLETE CARE OF EACH RESIDENT INCLUDING BUT NOT LIMITED TO: FEEDING, THREE MEALS PER DAY PLUS SNACKS BASED ON INDIVIDUAL DIET NEEDS...

Read more

CEDAR VIEW IS A SKILLED NURSING FACILITY PROVIDING 24 HOUR COMPLETE CARE OF EACH RESIDENT INCLUDING BUT NOT LIMITED TO: FEEDING, THREE MEALS PER DAY PLUS SNACKS BASED ON INDIVIDUAL DIET NEEDS, NUTRITION MANAGEMENT, BATHING AND DRESSING, LAUNDRY, HOUSEKEEPING, TOILETING, MEDICATIONS ADMINISTRATION AND MANAGEMENT, DRESSING CHANGES, RESTORATIVE PROGRAM BASED ON THE INDIVIDUAL RESIDENT'S NEEDS, REHABILITATION SERVICES INCLUDING PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, ACTIVITIES MEETING THE INDIVIDUAL NEEDS OF EACH RESIDENT, TUBE FEEDING, DEVELOPMENT OF AND IMPLEMENTING FOR EACH RESIDENT A COMPLETE INDIVIDUAL CARE PLAN, SCHEDULING OF MEDICAL APPOINTMENTS, TRANSPORTATION TO MEDICAL APPOINTMENTS, COORDINATING CARE UNDER THE DIRECTION OF THE RESIDENT'S DOCTOR. THE PROGRAM IS LICENSED AS A 71 BED SKILLED NURSING FACILITY. THE PROGRAM IS MEDICARE AND MEDICAID CERTIFIED AND PROVIDES SERVICES TO RESIDENTS WHO PAY PRIVATELY AS WELL AS THOSE RESIDENTS WHO ARE ENTITLED TO MEDICARE AND MEDICAID BENEFITS. A TOTAL OF 20,269 RESIDENT CARE DAYS WERE PROVIDED.

Program 2
Expenses: $4,997,560 Revenue: $3,189,602

TERRACE RIDGE ASSISTED LIVING IS A 93 BED COMMUNITY BASED ON RESIDENTIAL FACILITY (CBRF) WHICH IS LICENSED BY THE STATE OF WISCONSIN. THE PROGRAM PROVIDES SERVICES TO RESIDENTS WHO REQUIRE LIMITED...

Read more

TERRACE RIDGE ASSISTED LIVING IS A 93 BED COMMUNITY BASED ON RESIDENTIAL FACILITY (CBRF) WHICH IS LICENSED BY THE STATE OF WISCONSIN. THE PROGRAM PROVIDES SERVICES TO RESIDENTS WHO REQUIRE LIMITED NURSING CARE BUT NEED VARYING LEVELS OF ASSISTANCE WITH DAILY LIVING ACTIVITIES. THE PROGRAM IS STAFFED 24 HOURS PER DAY, SEVEN DAYS A WEEK WITH PERSONAL CARE WORKERS AND CERTIFIED NURSING ASSISTANTS. IT IS ALSO STAFFED WITH A FULL TIME RN ASSISTED LIVING MANAGER. UP TO 3 HOURS OF NURSING CARE PER WEEK IS PROVIDED (DIRECTLY BY AN RN) AND UNLIMITED NUMBER OF HOURS OF CARE WITH DAILY LIVING ACTIVITIES. THIS CARE INCLUDES BATHING AND DRESSING, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, SPEECH THERAPY, ACTIVITIES MEETING THE NEEDS OF EACH RESIDENT, FEEDING, THREE MEALS PER DAY AND OTHER NUTRITIONAL NEEDS BASED ON THE INDIVIDUAL RESIDENT, LAUNDRY, HOUSEKEEPING, TOILETING, DRESSING CHANGES, MEDICATION ADMINISTRATION AND MANAGEMENT, SCHEDULING OF MEDICAL APPOINTMENTS, TRANSPORTATION TO MEDICAL APPOINTMENTS, COORDINATING CARE UNDER THE DIRECTION OF THE RESIDENT'S DOCTOR AS WELL AS OTHER UNIQUE NEEDS OF EACH INDIVIDUAL RESIDENT. A TOTAL OF 15,420 RESIDENT CARE DAYS WERE PROVIDED.

Program 3
Expenses: $4,650,397 Revenue: $3,913,904

CEDAR CREST, INC. AND BMO HARRIS BANK ENTERED INTO INTEREST RATE DERIVATIVE TRANSACTIONS THAT WILL CAP THE INTEREST RATE AT 2.909% UNTIL NOVEMBER 30, 2023, AND WILL SYNTHETICALLY FIX THE INTEREST...

Read more

CEDAR CREST, INC. AND BMO HARRIS BANK ENTERED INTO INTEREST RATE DERIVATIVE TRANSACTIONS THAT WILL CAP THE INTEREST RATE AT 2.909% UNTIL NOVEMBER 30, 2023, AND WILL SYNTHETICALLY FIX THE INTEREST RATE AT 4.039% FOR THE PERIOD FROM DECEMBER 1, 2023 THROUGH APRIL 1, 2029.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $91,233
Program Service Revenue $18,835,912
Investment Income $315,408
Other Revenue $-4,021
TOTAL REVENUE $19,238,532

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,194,457
Fundraising Expenses $0
Program Expenses $19,926,037
Other Expenses $10,730,259
TOTAL EXPENSES $21,924,716

Year-over-Year Comparison

2023 2022 Change
Revenue $19,238,532 $15,951,770 +0.2%
Expenses $21,924,716 $17,617,139 +0.2%
Net Income $-2,686,184 $-1,665,369 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
14
Independent Members
14
Employees
342
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
5
$572,711
Total Directors
14
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JOHN BECKORD DIRECTOR 1.00
Director
$0 $0 $0
DR WILLIAM CLANFIELD DIRECTOR 1.00
Director
$0 $0 $0
SARA CULLEN DIRECTOR 1.00
Director
$0 $0 $0
LYNN GARDINIER DIRECTOR 1.00
Director
$0 $0 $0
BARBARA GREDLER DIRECTOR 1.00
Director
$0 $0 $0
CAROL HATCH DIRECTOR 1.00
Director
$0 $0 $0
GERALD KELM DIRECTOR 1.00
Director
$0 $0 $0
THOMAS LASSE DIRECTOR 1.00
Director
$0 $0 $0
MARK LORENZ DIRECTOR 1.00
Director
$0 $0 $0
DIANE PILLARD DIRECTOR 1.00
Director
$0 $0 $0
REV STEVE SCOTT DIRECTOR 1.00
Director
$0 $0 $0
SARAH SWANTEK DIRECTOR 1.00
Director
$0 $0 $0
JEN DEGARMO DIRECTOR/CHAIR 1.00
Officer Director
$0 $0 $0
TARI MILLER DIRECTOR/PAST CHAIR/TREASURER/SECY 1.00
Officer Director
$0 $0 $0
DAVID TANCK PRESIDENT/CEO 39.00
Officer
$231,616 $42,325 $273,941
MEREDITH AARUD VICE PRESIDENT OF CLINICAL SERVICES 39.00
Officer
$127,735 $27,577 $155,312
CHRISTOPHER MULAE VICE PRESIDENT/CFO 39.00
Officer
$129,223 $14,235 $143,458
LEONARD MEYER FACILITIES MANAGER 40.00
Highest
$101,424 $23,570 $124,994
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 No data No data No data No data
2024 $19,238,532 $21,924,716 $124,069,797 $-2,686,184
2023 $15,951,770 $17,617,139 $106,794,097 $-1,665,369
2022 $17,987,919 $16,271,842 $93,332,972 $1,716,077
2021 $15,719,717 $15,980,992 $47,272,483 $-261,275
2020 $17,927,351 $15,931,380 $45,805,616 $1,995,971
2019 $16,375,253 $15,328,796 $43,249,602 $1,046,457
2018 $14,915,211 $14,541,449 $41,883,622 $373,762
Explore More Nonprofits
Top 100 Nonprofits in Wisconsin Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare CEDAR CREST INC with other nonprofits in Wisconsin and across the country.