Morgan Memorial Foundation 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

1965

Legal Domicile

Principal Officer

Doug Kopischke

Phone

5072493143

Tax Period

2023-10-01 to 2024-09-30

Morgan Memorial Foundation Inc, founded in 1965, is a community nonprofit that reported $4.7M in total revenue in fiscal year 2023. Revenue decreased 17% compared to the prior year.

Mission

Gil-Mor Manors mission statement is We believe in service beyond expectation, achieved through a constant desire to anticipate and fulfill all of the evolving needs of our residents.

Program Service Accomplishments

Program 1

Expenses: $4,091,362 Revenue: $4,213,127

Gil-Mor Manor is a 35 bed skilled nursing facility. Gil-Mor is governed by an independent board of consumer representatives, business experts, and community leaders with a 5 member executive board...

Gil-Mor Manor is a 35 bed skilled nursing facility. Gil-Mor is governed by an independent board of consumer representatives, business experts, and community leaders with a 5 member executive board. We offfer amenities to our residents such as private rooms, housekeeping, laundry, IV therapy, hearing aide specialist. Also physical, occupational speech therapies. We have a registered dietitian on staff who oversees the dietary dept with homecooked meals snacks. We provide a wide range of social activities, outings and entertainment for the residents.

Program 2

Expenses: $505,674 Revenue: $520,724

Gil-Mor Haven is a 16 unit apartment building for seniors age 55 or older. We have a Class F Home Care license, thru the State of Minnesota Department of Health, which allows us to provide housing...

Gil-Mor Haven is a 16 unit apartment building for seniors age 55 or older. We have a Class F Home Care license, thru the State of Minnesota Department of Health, which allows us to provide housing with services to the tenants that live there. We have an ala carte of services which tenants may purchase on an individual basis. Services which are offered include medication management, specialized nursing services, comfort checks, emergency nurse call, RN Assessments etc.

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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 $36,125

Program Service Revenue $4,607,568

Investment Income $32,333

Other Revenue $7,036

TOTAL REVENUE $4,683,062

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,025,652

Fundraising Expenses $0

Program Expenses $4,597,036

Other Expenses $1,940,047

TOTAL EXPENSES $4,965,699

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,683,062	$5,629,643	-0.2%
Expenses	$4,965,699	$4,429,301	+0.1%
Net Income	$-282,637	$1,200,342	-1.2%

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

102

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Kopischke	Vice President	005.00	Officer Director	$0	$0	$0
Lynn Pietig	Treasurer	005.00	Officer Director	$0	$0	$0
Arliss Vollbrecht	Director	001.00	Director	$0	$0	$0
Joel Mathiowetz	Vice President	005.00	Officer Director	$0	$0	$0
Jim Mathiowetz	Director	001.00	Director	$0	$0	$0
Arliss Becker	Director	001.00	Director	$0	$0	$0
Larry Kirschstein	Director	001.00	Director	$0	$0	$0
Sara Seifert	Director	001.00	Director	$0	$0	$0
Barbara Fischer	Director	001.00	Director	$0	$0	$0
Jan Krenz	Director	001.00	Director	$0	$0	$0
Suzy Blomeke	Director	001.00	Director	$0	$0	$0
Virginia Kopischke	Director	001.00	Director	$0	$0	$0
Jean Christensen	Director	001.00	Director	$0	$0	$0
Eileen Rothmeier	Director	001.00	Director	$0	$0	$0
Lynn Madsen	Secretary	005.00	Officer Director	$0	$0	$0
Tammy Meyer	Vice President	005.00	Officer Director	$0	$0	$0
Dave Simonsen	Director	001.00	Director	$0	$0	$0
Lorna Craig-Paulson	Administator	040.00	Key Emp	$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	$4,683,062	$4,965,699	$3,725,907	$-282,637
2023	$5,629,643	$4,429,301	$4,450,028	$1,200,342
2022	$3,777,390	$3,735,156	$2,873,467	$42,234
2021	$3,804,451	$3,426,031	$3,017,509	$378,420
2020	$3,103,701	$3,221,760	$3,121,884	$-118,059
2019	$3,359,383	$3,123,147	$2,607,617	$236,236
2018	$3,303,434	$3,086,007	$2,432,489	$217,427