EVERGREEN FOUNDATION 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

1981

Legal Domicile

Principal Officer

KENNETH A ARNESON

Phone

9202332340

Tax Period

2023-01-01 to 2023-12-31

EVERGREEN FOUNDATION INC, founded in 1981, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 28% operating deficit.

Mission

EVERGREEN FOUNDATION, INC. RECEIVES GIFTS AND BEQUESTS, RAISES FUNDS FOR SPECIFIC PROJECTS OR NEEDS, ADMINISTERS AND INVESTS FUNDS, AND DISBURSES PAYMENTS TO AND ON BEHALF OF EVERGREEN RETIREMENT COMMUNITY, INC.

Program Service Accomplishments

Program 1

Expenses: $1,197,439 Revenue: $0

THE EVERGREEN FOUNDATION SUPPORTS THE EVERGREEN VISION TO BE A "VIBRANT COMMUNITY THAT OFFERS RICH LIFE EXPERIENCES AND CHOICES IN PROGRAMS, SERVICES, AND ENVIRONMENTS FOR THOSE WE SERVE" THROUGH...

THE EVERGREEN FOUNDATION SUPPORTS THE EVERGREEN VISION TO BE A "VIBRANT COMMUNITY THAT OFFERS RICH LIFE EXPERIENCES AND CHOICES IN PROGRAMS, SERVICES, AND ENVIRONMENTS FOR THOSE WE SERVE" THROUGH CHARITABLE CONTRIBUTIONS, LEAVE A LEGACY DESIGNATIONS AND VOLUNTEER INVOLVEMENT. THE EVERGREEN FOUNDATION HELPS PROVIDE DIGNITY, COMFORT AND SECURITY FOR THOSE WHO CALL EVERGREEN HOME; ENHANCES THE LIVING ENVIRONMENTS AND EXPERIENCES OFFERED TO THE RESIDENTS; AND SUPPORTS THE ACTIVITIES THE RESIDENTS ENJOY.

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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 $885,412

Program Service Revenue $0

Investment Income $223,407

Other Revenue $0

TOTAL REVENUE $1,108,819

Expense Breakdown

Grants Paid $1,184,170

Salaries & Benefits $0

Fundraising Expenses $125,756

Program Expenses $1,197,439

Other Expenses $237,342

TOTAL EXPENSES $1,421,512

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,108,819	$1,740,291	-0.4%
Expenses	$1,421,512	$1,029,959	+0.4%
Net Income	$-312,693	$710,332	-1.4%

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

N/A

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

$537,244

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARY HANSEN	CHAIR	1.00	Officer Director	$0	$0	$0
BARB KNUTZEN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
ANNA FILIPOVA	DIRECTOR	1.00	Director	$0	$0	$0
DARRICK MUNSCH	DIRECTOR	1.00	Director	$0	$0	$0
WAYNE OEHLER	DIRECTOR	1.00	Director	$0	$0	$0
KATHY PROPP	DIRECTOR	1.00	Director	$0	$0	$0
JOHN SCHORSE	DIRECTOR	1.00	Director	$0	$0	$0
TOM WINTHEISER	DIRECTOR	1.00	Director	$0	$0	$0
ALYSON ZIERDT	DIRECTOR	1.00	Director	$0	$0	$0
KEN ARNESON	PRESIDENT/CEO	1.00	Officer	$0	$22,186	$306,587
BILLIE JO HIGGINS	VP FINANCE & IS/TREASURER	1.00	Officer	$0	$10,458	$170,066
VICKI TESSMER	SECRETARY	1.00	Officer	$0	$19,092	$52,167
STEPHANIE KINTOPF	SECRETARY	1.00	Officer	$0	$0	$8,424

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	$1,108,819	$1,421,512	$22,030,908	$-312,693
2022	$1,740,291	$1,029,959	$19,987,827	$710,332
2021	$3,246,928	$1,240,032	$23,610,325	$2,006,896
2020	$1,257,949	$1,131,214	$20,231,238	$126,735
2019	$1,103,770	$968,941	$17,972,945	$134,829
2018	$1,411,504	$887,514	$15,239,984	$523,990