Pioneer Home 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

1927

Legal Domicile

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

Our Mission is to promote quality of life in a Christ-like way for those we serve by providing diverse and holistic care, focusing always on individual dignity and worth.

Program Service Accomplishments

Program 1

Expenses: $15,648,351 Revenue: $17,738,258

In 2024 Pioneer Home Incorporated operated a 105-bed nursing facility, 52-unit memory care assisted living complex, 44-unit housing with services complex, 18-unit memory care assisted living complex in Breckenridge, Minnesota, and about 500 PioneerLink home monitoring/assistance clients were served. The Home is affiliated with the Evangelical Lutheran Church of America and the Home's mission is an extension of the member churches outreach services to the community.

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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 $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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

327

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

$403,142

Total Directors

Key Employees

Highest Compensated

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