HARWOOD PLACE INC (EIN 391531532) - Form 990 Financial Analysis & Trantor Score

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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

1988

Legal Domicile

Principal Officer

KATHRYN CAVERS

Phone

4142566800

Tax Period

2024-01-01 to 2024-12-31

HARWOOD PLACE INC, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $9.5M in total revenue in fiscal year 2024. Revenue decreased 16% compared to the prior year. Expenses of $9.0M left a modest 5% surplus.

Mission

HARWOOD PLACE PROVIDES ASSISTED LIVING AND INDEPENDENT LIVING.

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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 $703,187

Program Service Revenue $8,569,242

Investment Income $202,675

Other Revenue $0

TOTAL REVENUE $9,475,104

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,949,607

Fundraising Expenses $0

Program Expenses $6,782,513

Other Expenses $5,042,182

TOTAL EXPENSES $8,991,789

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,475,104	$11,256,603	-0.2%
Expenses	$8,991,789	$8,785,117	+0.0%
Net Income	$483,315	$2,471,486	-0.8%

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

125

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

$548,999

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE SANDSTROM	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MERILOU GONZALES	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KRIS SURMA	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE EHN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHYTANIA BROWN	DIRECTOR (THRU 07/24)	1.00	Director	$0	$0	$0
JIM DENOR	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HODAN	DIRECTOR	1.00	Director	$0	$0	$0
BEN JUECH	DIRECTOR	1.00	Director	$0	$0	$0
BEN KEBBEKUS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KILB	DIRECTOR	1.00	Director	$0	$0	$0
GARY MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
HARRIET PEDERSEN	DIRECTOR	1.00	Director	$0	$0	$0
RON PHILLEO	DIRECTOR	1.00	Director	$0	$0	$0
REV RANDY RAASCH	DIRECTOR	1.00	Director	$0	$0	$0
TIM REARDON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ROSENBERG	DIRECTOR	1.00	Director	$0	$0	$0
KATIE TRISKA WIEMER	DIRECTOR	1.00	Director	$0	$0	$0
KATHY CAVERS	PRESIDENT & CEO	16.00	Officer	$0	$26,709	$279,035
HENRIK CLAUSEN	VP OF FINANCE & CFO	16.00	Officer	$0	$13,863	$158,043
SHERI POLCZYNSKI	EXECUTIVE DIRECTOR	40.00	Officer	$108,707	$3,214	$111,921

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	$9,475,104	$8,991,789	$19,171,887	$483,315
2023	$11,256,603	$8,785,117	$18,194,280	$2,471,486
2022	$8,118,348	$8,422,595	$17,346,361	$-304,247
2021	$8,540,786	$8,034,474	$17,919,656	$506,312
2020	$8,180,291	$9,840,755	$17,541,401	$-1,660,464
2019	$8,267,664	$7,425,076	$19,506,860	$842,588
2018	$7,945,925	$7,149,101	$18,091,989	$796,824

HARWOOD PLACE INC