MINNESOTA MASONIC HOME CARE CENTER

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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

1908

Legal Domicile

Principal Officer

ERIC J NEETENBEEK

Phone

9529487000

Tax Period

2023-01-01 to 2023-12-31

MINNESOTA MASONIC HOME CARE CENTER, founded in 1908, is a mid-sized nonprofit in the Human Services sector that reported $30.7M in total revenue in fiscal year 2023.

Mission

MINNESOTA MASONIC CHARITIES AND AFFILIATES' PRIMARY PURPOSES ARE TO HELP, AID AND ASSIST THE MASONIC FAMILY AND OTHERS, GUIDED BY THE MASONIC PRINCIPLES OF BROTHERLY LOVE, RELIEF AND TRUTH, BY (A) PROVIDING FINANCIAL OR OTHER ASSISTANCE TO NON-PROFIT TAX EXEMPT ENTITIES THAT PROVIDE FACILITIES FOR NURSING CARE AND ELDERLY HOUSING; FACILITIES AND PROGRAMS FOR COMMUNITY, HEALTH, SOCIAL SERVICES AND EDUCATION OF THE ELDERLY; (B) PROMOTING RESEARCH AND ACTIVITIES RELATED TO THE TREATMENT AND CURE OF CANCER, CHILDHOOD LANGUAGE DISORDERS, PHYSICAL, EMOTIONAL AND MENTAL MALADIES OF THE YOUTH; (C) ASSISTING STUDENTS IN OBTAINING HIGHER EDUCATION; (D) THE COLLECTION, PRESERVATION AND DISSEMINATION OF HISTORICAL KNOWLEDGE ABOUT MASONRY IN MINNESOTA; AND (E) TO ENGAGE IN, ADVANCE, SUPPORT, PROMOTE, AND ADMINISTER CHARITABLE CAUSES AND PROJECTS THAT AID, ASSIST, AND CONTRIBUTE TO THE SUPPORT OF CORPORATIONS, TRUSTS, ASSOCIATIONS, AND FOUNDATIONS THAT ARE EXEMPT FROM FEDERAL INCOME TAXES.

Program Service Accomplishments

Program 1

Expenses: $28,524,196 Revenue: $29,562,455

MINNESOTA MASONIC HOME CARE CENTER OWNS AND OPERATES A 214 BED NURSING HOME FACILITY AND A 45 UNIT ASSISTED LIVING COMPLEX PROVIDING PROFESSIONAL CARE TO ITS NURSING FACILITY RESIDENTS. THE NURSING...

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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 $622,178

Program Service Revenue $29,562,455

Investment Income $9,150

Other Revenue $465,410

TOTAL REVENUE $30,659,193

Expense Breakdown

Grants Paid $0

Salaries & Benefits $22,726,054

Fundraising Expenses $0

Program Expenses $28,524,196

Other Expenses $8,661,373

TOTAL EXPENSES $31,387,427

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,659,193	$29,186,237	+0.1%
Expenses	$31,387,427	$30,043,111	+0.0%
Net Income	$-728,234	$-856,874	-0.2%

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

543

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

$714,689

Total Directors

Key Employees

$388,270

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIC J NEETENBEEK	PRESIDENT/CEO - CHARITIES	4.00	Officer	$0	$34,208	$464,772
JOHN SCHWIETZ	COO - CHARITIES	4.00	Key Emp	$0	$32,162	$388,270
SUE MORK	CFO - CHARITIES	4.00	Officer	$0	$25,215	$249,917
EVANS AYAKO	RN	40.00	Highest	$241,478	$15,258	$256,736
JULIUS TARIKI	RN	40.00	Highest	$177,720	$0	$177,720
BETH SCHROEDER	ADMINISTRATOR	40.00	Highest	$168,661	$18,087	$186,748
PATRICIA LARUE	DIRECTOR OF HUMAN RESOURCES	40.00	Highest	$149,164	$16,952	$166,116
DILYARA KADYMOVA	DIRECTOR OF NURSING	40.00	Highest	$146,329	$17,515	$163,844
PAUL C HIMMLER	CHAIR	1.00	Officer Director	$0	$0	$0
JOHN L COOK	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MARY A HANSON	TREASURER	1.00	Officer Director	$0	$0	$0
STEVEN R JOHNSON	SECRETARY	1.00	Director	$0	$0	$0
SHARON BARLOW	WORTHY GRAND MATRON	1.00	Director	$0	$0	$0
DAYTON L BERG	GRAND MASTER	1.00	Director	$0	$0	$0
BARBARA BRIHN	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT L DARLING	DIRECTOR	1.00	Director	$0	$0	$0
ROBERT S DAVIS	SENIOR GRAND WARDEN	1.00	Director	$0	$0	$0
ROBERT L FENDLER	DIRECTOR (THRU APRIL 2023)	1.00	Director	$0	$0	$0
TONY R KRALL	DIRECTOR (THRU APRIL 2023)	1.00	Director	$0	$0	$0
G ROGER MCNEAR III	DIRECTOR (THRU APRIL 2023)	1.00	Director	$0	$0	$0
DAVID E OLSON	DIRECTOR	1.00	Director	$0	$0	$0
JAMES H PROCTOR	DIRECTOR	1.00	Director	$0	$0	$0
MICHAEL S ROSENZWEIG	DIRECTOR	1.00	Director	$0	$0	$0
FOSTER SOLEM	DEPUTY GRAND MASTER	1.00	Director	$0	$0	$0
DAVID S WETHING	DIRECTOR	1.00	Director	$0	$0	$0
PAM J WILLETTE	DIRECTOR (THRU APRIL 2023)	1.00	Director	$0	$0	$0

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	$30,659,193	$31,387,427	$38,842,950	$-728,234
2022	$29,186,237	$30,043,111	$28,348,184	$-856,874
2021	$29,200,433	$29,239,184	$30,061,653	$-38,751
2020	$28,399,121	$29,262,841	$31,040,997	$-863,720
2019	$33,439,410	$32,623,970	$29,793,031	$815,440
2018	$34,042,457	$31,556,333	$30,020,519	$2,486,124