EVERGREEN RETIREMENT COMMUNITY 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

1965

Legal Domicile

Principal Officer

KENNETH A ARNESON

Phone

9202332340

Tax Period

2023-01-01 to 2023-12-31

EVERGREEN RETIREMENT COMMUNITY INC, founded in 1965, is a mid-sized nonprofit in the Human Services sector that reported $24.0M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $22.6M left a modest 6% surplus.

Mission

GUIDED BY CHRISTIAN IDEALS THAT NURTURE ALL PEOPLE, WE STRIVE TO PROVIDE EXCEPTIONAL LIVING ENVIRONMENTS, SERVICES AND EXPERIENCES FOR PEOPLE 55 AND OLDER.

Program Service Accomplishments

Program 1

Expenses: $19,335,548 Revenue: $22,831,302

EVERGREEN IS A NONPROFIT CONTINUING CARE RETIREMENT COMMUNITY (CCRC) SERVING OLDER ADULTS, AGES 55 AND OLDER. IDEAL FOR THOSE LOOKING FOR A LIFESTYLE OF CHOICE, FREEDOM, SAFETY, COMMUNITY AND VALUE, EVERGREEN IS MORE THAN JUST A SENIOR LIVING COMMUNITY. EVERGREEN'S 35-ACRE CAMPUS IS NOT ONLY HOME TO ALMOST 300 RESIDENTS, BUT IT IS ALSO A DESTINATION FOR FAMILIES, COMMUNITY MEMBERS, VOLUNTEERS, NONPROFIT GROUPS AND OTHER VISITORS. LOCATED IN A PLEASANT RESIDENTIAL NEIGHBORHOOD IN OSHKOSH, WISCONSIN AMONG BEAUTIFUL, NATURAL SURROUNDINGS AND BORDERED BY OUR OWN OAK SAVANNA WOODLANDS, EVERGREEN PROVIDES LIVELY OPPORTUNITIES FOR YOU AND YOUR FRIENDS TO LIVE AS YOU CHOOSE. CHOOSE FROM THREE STYLES OF INDEPENDENT LIVING ACCOMMODATIONS, FOUR LEVELS OF ASSISTED LIVING, SHORT-TERM REHAB AND POST SURGICAL CARE, LONG-TERM SKILLED NURSING, OR EVERGREEN AT HOME SERVICES TO MEET YOUR UNIQUE NEEDS. LIFE ENRICHMENT ABOUNDS AT EVERGREEN. THERAPEUTIC SWIMMING POOLS, AN AEROBIC STUDIO, LAPIDARY SHOP, AND SUPPERS WITH THE CHEF ARE JUST A FEW OF THE MANY OPPORTUNITIES THAT ENCOURAGE ACTIVE LIFESTYLES. PARTNERSHIPS WITH THE UNIVERSITY OF WISCONSIN OSHKOSH, LEARNING IN RETIREMENT AND THE OSHKOSH GALLERY WALK ALSO PROVIDE ENTERTAINING AND FULFILLING EXPERIENCES AND ENSURE THAT NO TWO DAYS ARE THE SAME. AT EVERGREEN, POSSIBILITIES AWAIT.

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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 $1,184,170

Program Service Revenue $22,494,234

Investment Income $0

Other Revenue $337,068

TOTAL REVENUE $24,015,472

Expense Breakdown

Grants Paid $0

Salaries & Benefits $11,202,252

Fundraising Expenses $0

Program Expenses $19,335,548

Other Expenses $11,434,547

TOTAL EXPENSES $22,636,799

Year-over-Year Comparison

	2023	2022	Change
Revenue	$24,015,472	$19,561,116	+0.2%
Expenses	$22,636,799	$20,290,692	+0.1%
Net Income	$1,378,673	$-729,576	-2.9%

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

490

Volunteers

120

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

$545,442

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BARBARA RAU	CHAIRMAN	1.00	Officer Director	$0	$0	$0
TOM RAMSEY	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JAVAD AHMAD	DIRECTOR	1.00	Director	$0	$0	$0
JIM CHITWOOD	DIRECTOR	1.00	Director	$0	$0	$0
SARAH DEARMOND	DIRECTOR	1.00	Director	$0	$0	$0
DEDE DEWITT	DIRECTOR	1.00	Director	$0	$0	$0
VERNA FUNCKE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE GREY	DIRECTOR	1.00	Director	$0	$0	$0
DAVID KRUCK	DIRECTOR	1.00	Director	$0	$0	$0
SHERRY LYNCH	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW MATHES	DIRECTOR	1.00	Director	$0	$0	$0
CHAD MILLER	DIRECTOR	1.00	Director	$0	$0	$0
LUELLA REMMEL	DIRECTOR	1.00	Director	$0	$0	$0
TONY RENNING	DIRECTOR	1.00	Director	$0	$0	$0
EMILY RICHESON	DIRECTOR	1.00	Director	$0	$0	$0
ALAN ROMMELFANGER	DIRECTOR	1.00	Director	$0	$0	$0
JOHN STUBBS	DIRECTOR	1.00	Director	$0	$0	$0
GAIL SULLIVAN	DIRECTOR	1.00	Director	$0	$0	$0
ANN WILKES	DIRECTOR	1.00	Director	$0	$0	$0
KEN ARNESON	PRESIDENT /CEO	40.00	Officer	$284,401	$22,186	$306,587
BILLIE JO HIGGINS	CFO/TREASURER	40.00	Officer	$159,608	$10,458	$170,066
LISA RUIZ	EXECUTIVE ASSISTANT/SECRETARY	40.00	Officer	$53,781	$15,008	$68,789
ERIN SANDERS	VP HUMAN RESOURCES	40.00	Highest	$120,254	$24,264	$144,518
PEGGY BELLIN	VP HEALTH & SUPPORT SERVICES	40.00	Highest	$117,378	$20,162	$137,540

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	$24,015,472	$22,636,799	$48,166,998	$1,378,673
2022	$19,561,116	$20,290,692	$48,530,279	$-729,576
2021	$19,424,837	$19,735,925	$46,606,171	$-311,088
2020	$22,510,959	$19,500,045	$43,849,079	$3,010,914
2019	$20,365,360	$19,371,105	$42,525,878	$994,255
2018	$19,575,011	$18,588,454	$42,128,199	$986,557