Pioneer Home Inc

EIN: 410711612 501(c)(3)

Fergus Falls, MN

Total Revenue
$19,316,996
Total Expenses
$18,399,875
Total Assets
$19,547,702
Net Assets
$-1,179,384
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1927
Legal Domicile
MN
Principal Officer
Nathan Johnson
Phone
2189981500
Tax Period
2024-01-01 to 2024-12-31

Pioneer Home Inc, founded in 1927, is a mid-sized nonprofit that reported $19.3M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $18.4M left a modest 5% surplus.

Mission

Pioneer Home, Inc. cares for the needs of the aged and infirm in a benevolent and charitable manner.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,061,273
Program Service Revenue $17,925,312
Investment Income $330,411
Other Revenue $0
TOTAL REVENUE $19,316,996

Expense Breakdown

Grants Paid $57,626
Salaries & Benefits $11,687,911
Fundraising Expenses $0
Program Expenses $15,648,351
Other Expenses $6,654,338
TOTAL EXPENSES $18,399,875

Year-over-Year Comparison

2024 2023 Change
Revenue $19,316,996 $16,986,112 +0.1%
Expenses $18,399,875 $16,740,357 +0.1%
Net Income $917,121 $245,755 +2.7%
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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Governance

Voting Members
11
Independent Members
11
Employees
327
Volunteers
35

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
6
$403,142
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nathan Johnson CEO 48.00
Officer
$227,929 $26,409 $254,338
Sara Watkins Administrator 48.00
Officer
$125,469 $23,335 $148,804
Brad Tollerson Chair 1.50
Officer Director
$0 $0 $0
Joe Ellig Vice Chair 1.50
Officer Director
$0 $0 $0
Dean Monke Secretary 1.50
Officer Director
$0 $0 $0
Brandi Sillerud Treasurer 1.50
Officer Director
$0 $0 $0
Peggy Underwood Director 1.50
Director
$0 $0 $0
John Sethre Director 1.50
Director
$0 $0 $0
Janet Freeman Director 1.50
Director
$0 $0 $0
Suzanne Demuth Director 1.50
Director
$0 $0 $0
Jeff Ackerson Director 1.50
Director
$0 $0 $0
Lowell Brenna Director 1.50
Director
$0 $0 $0
Paul Lundeen Director 1.50
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 $19,316,996 $18,399,875 $19,547,702 $917,121
2023 $16,986,112 $16,740,357 $19,488,786 $245,755
2022 $17,690,302 $16,368,367 $20,215,140 $1,321,935
2021 $17,034,682 $16,013,873 $18,276,562 $1,020,809
2020 $16,920,342 $16,933,586 $19,814,143 $-13,244
2019 $16,070,966 $15,941,258 $17,969,465 $129,708
2018 $15,617,068 $15,998,921 $18,442,598 $-381,853
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