OAKWOOD VILLAGE PRAIRIE RIDGE APAR… - 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

1999

Legal Domicile

Principal Officer

CHRISTINE O'DONNELL

Phone

6082304699

Tax Period

2023-01-01 to 2023-12-31

OAKWOOD VILLAGE PRAIRIE RIDGE APARTMENTS INC, founded in 1999, is a community nonprofit in the Housing & Shelter sector that reported $7.5M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum. Expenses of $8.3M exceeded revenue, resulting in a 11% operating deficit.

Mission

OAKWOOD IS A LUTHERAN MINISTRY SERVING GENERATIONS OF AGING ADULTS, ENCOURAGING INDIVIDUALITY, WORTH AND WELL-BEING THROUGHOUT LIFE.

Program Service Accomplishments

Program 1

Expenses: $6,514,109 Revenue: $6,311,815

PIONEER PRAIRIE AND SETTLERS RIDGE IS MADE UP OF 206 INDEPENDENT APARTMENTS. RESIDENTS HAVE CONTINUING CARE CONTRACTS IN CONJUNCTION WITH UNIT OCCUPANCY. PRICING WAS DEVELOPED TO SERVE RESIDENTS THAT COME FROM A MODEST MIDDLE INCOME PRIMARY MARKET. SERVICES INCLUDE: DAILY CHECK INS, HOUSEKEEPING, AND MAINTENANCE. THERE IS A FULL TIME SOCIAL WORKER, TRANSPORTATION SERVICES AND LIFE ENRICHMENT ACTIVITIES FOR ALL PHYSICAL AND MENTAL CAPABILITIES AS WELL AS A SECURE ENVIRONMENT WITH NURSING STAFF AVAILABLE AS NEEDED. RESIDENTS RECEIVE PRIORITY ACCESS TO ASSISTED LIVING, SKILLED NURSING AND THERAPY SERVICES IF NEEDED. DURING 2023, THERE WERE 72,798 DAYS OF CARE.

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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 $932,438

Program Service Revenue $6,311,815

Investment Income $225,018

Other Revenue $0

TOTAL REVENUE $7,469,271

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,990,492

Fundraising Expenses $0

Program Expenses $6,514,109

Other Expenses $5,270,646

TOTAL EXPENSES $8,261,138

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,469,271	$5,955,688	+0.3%
Expenses	$8,261,138	$6,721,307	+0.2%
Net Income	$-791,867	$-765,619	+0.0%

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

226

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

$977,643

Total Directors

$168,963

Key Employees

$174,782

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JILL DERR	DIRECTOR	2.00	Director	$0	$0	$0
PEDER MOREN	CHAIR	2.00	Officer Director	$0	$0	$0
LOIS SCHULZ	VICE CHAIR	2.00	Officer Director	$0	$0	$0
DAN STEIN	TREASURER	2.00	Officer Director	$0	$0	$0
TOM PIERCE	SECRETARY	2.00	Officer Director	$0	$0	$0
KEVIN HAYDEN	INTERIM CEO (THROUGH OCT)	9.00	Officer Director	$0	$116	$124,828
CALVIN WILLIAMS	CHAIR, INTERIM CEO (THUR MAR)	9.00	Officer Director	$0	$0	$44,135
LINDA JOHNSON	CFO (THROUGH FEB)	9.00	Officer	$0	$5,856	$76,268
JANICE HAMILTON-CRAWFORD	PRESIDENT AND CEO	9.00	Officer	$0	$19	$80,390
CHRISTINE O'DONNELL	CHIEF FINANCIAL OFFICER	9.00	Officer	$0	$7,889	$258,199
MARJORIE MURRAY	CHIEF OPERATING OFFICER (THRU OCT)	9.00	Officer	$0	$13,307	$256,172
MADELINE WIGER	EXECUTIVE DIRECTOR	10.00	Officer	$0	$9,597	$137,651
SUSAN RAFFERTY	CHIEF HUMAN RESOURCES OFFICER	9.00	Key Emp	$0	$87	$174,782
JENNIFER MAINA	VP OF CLINICAL EXCELLENCE	10.00	Highest	$0	$22,231	$169,081
ANGELA STUDNICKA	PHARMACY DIRECTOR	10.00	Highest	$0	$20,418	$190,570
MICHELLE KNUTSON	CONTROLLER	10.00	Highest	$0	$13,221	$174,828
KIMBERLY GOCHANOUR	EXECUTIVE DIRECTOR	10.00	Highest	$0	$22,762	$173,317
SUSAN HUSOM	HOSPICE CLINICAL DIRECTOR	10.00	Highest	$0	$21,180	$162,806

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	$7,469,271	$8,261,138	$72,452,230	$-791,867
2022	$5,955,688	$6,721,307	$68,750,239	$-765,619
2021	$7,123,839	$8,636,364	$66,544,502	$-1,512,525
2020	$5,678,347	$6,043,286	$37,433,773	$-364,939
2019	$6,030,032	$5,802,153	$35,380,435	$227,879
2018	$4,513,851	$4,825,915	$31,768,454	$-312,064

OAKWOOD VILLAGE PRAIRIE RIDGE APARTMENTS INC