MOUNT OLIVET HOME (EIN 410838344) - 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

1960

Legal Domicile

Principal Officer

TIMOTHY HOKANSON

Phone

6128275677

Tax Period

2023-01-01 to 2023-12-31

MOUNT OLIVET HOME, founded in 1960, is a mid-sized nonprofit in the Human Services sector that reported $12.5M in total revenue in fiscal year 2023. Expenses of $11.1M left a modest 12% surplus.

Mission

TO PROVIDE HIGH QUALITY LONG TERM CARE FOR RESIDENTS IN A LOVING AND CARING ENVIRONMENT.

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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 $748,327

Program Service Revenue $11,635,215

Investment Income $80,876

Other Revenue $58,281

TOTAL REVENUE $12,522,699

Expense Breakdown

Grants Paid $11,631

Salaries & Benefits $7,214,404

Fundraising Expenses $0

Program Expenses $10,514,106

Other Expenses $3,833,247

TOTAL EXPENSES $11,059,282

Year-over-Year Comparison

	2023	2022	Change
Revenue	$12,522,699	$11,667,781	+0.1%
Expenses	$11,059,282	$10,515,392	+0.1%
Net Income	$1,463,417	$1,152,389	+0.3%

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

195

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

$498,626

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT HALVA	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE BENT	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
GORDON VETSCH	TREASURER	0.30	Officer Director	$0	$0	$0
RUTH JARCHO	SECRETARY	0.30	Officer Director	$0	$0	$0
MARTHA ARNESON	BOARD MEMBER	0.30	Director	$0	$0	$0
MARK BEESE	BOARD MEMBER	0.30	Director	$0	$0	$0
DAVID CARLSON	BOARD MEMBER	0.30	Director	$0	$0	$0
EILEEN CARTWRIGHT	BOARD MEMBER	0.30	Director	$0	$0	$0
JOHN KUEHN	BOARD MEMBER	0.30	Director	$0	$0	$0
DAVID LOSE	BOARD MEMBER	0.30	Director	$0	$0	$0
TRUDY OLSON	BOARD MEMBER	0.30	Director	$0	$0	$0
GREG PAGE	BOARD MEMBER	0.30	Director	$0	$0	$0
WILLIAM TELLEEN	BOARD MEMBER	0.30	Director	$0	$0	$0
PETER YOUNGDAHL	BOARD MEMBER	0.30	Director	$0	$0	$0
TIMOTHY HOKANSON	ADMINISTRATOR	1.00	Officer	$0	$61,525	$323,732
SHARON FLACK	CONTROLLER	1.00	Officer	$0	$18,510	$174,894
WILSON OBUNGA	REGISTERED NURSE	40.00	Highest	$0	$11,121	$130,815
NIKKI KUBAT	ASSISTANT DIRECTOR OF FINANCE	40.00	Highest	$0	$2,428	$123,681
SAMSON NYAMORI	REGISTERED NURSE	40.00	Highest	$0	$2,705	$137,955

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	$12,522,699	$11,059,282	$16,096,009	$1,463,417
2022	$11,667,781	$10,515,392	$14,333,348	$1,152,389
2021	$10,469,353	$9,789,373	$14,203,856	$679,980
2020	$10,293,259	$9,618,695	$13,440,839	$674,564
2019	$9,790,359	$8,685,700	$13,044,873	$1,104,659
2018	$8,383,596	$8,019,064	$12,172,727	$364,532

MOUNT OLIVET HOME