GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS MINNESOTA (EIN 410851905) - 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

1963

Legal Domicile

Principal Officer

MICHAEL STORDAHL

Phone

3202526525

Tax Period

2023-01-01 to 2023-12-31

GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS MINNESOTA, founded in 1963, is a mid-sized nonprofit that reported $30.5M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum. The organization ran a surplus of $4.8M, a strong 16% operating margin.

Mission

HOUSING & HEALTH CARE SERVICES FOR THE YOUNG & OLDER ADULTS IN CENTRAL MINNESOTA.

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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 $5,734,544

Program Service Revenue $24,091,212

Investment Income $266,622

Other Revenue $394,644

TOTAL REVENUE $30,487,022

Expense Breakdown

Grants Paid $27,431

Salaries & Benefits $15,748,258

Fundraising Expenses $102,215

Program Expenses $22,063,271

Other Expenses $9,916,348

TOTAL EXPENSES $25,692,037

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,487,022	$23,382,520	+0.3%
Expenses	$25,692,037	$25,948,133	0.0%
Net Income	$4,794,985	$-2,565,613	-2.9%

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

490

Volunteers

151

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

$294,170

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MIKE FITCH	CHAIR	1.00	Officer Director	$0	$0	$0
DAVID ZOELLER	VICE CHAIR	1.00	Officer Director	$0	$0	$0
BARB MAHNKE	TREASURER	1.00	Officer Director	$0	$0	$0
PAUL CLOETER	SECRETARY	1.00	Officer Director	$0	$0	$0
BARRY KIRCHOFF	BOARD MEMBER	1.00	Director	$0	$0	$0
CHERYL SCAPANSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID STROHSCHEIN	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS BACON	BOARD MEMBER	1.00	Director	$0	$0	$0
DENNIS STUDENSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
DOROTHY KERSTEN	BOARD MEMBER	1.00	Director	$0	$0	$0
JENNIFER MACHULA	BOARD MEMBER	1.00	Director	$0	$0	$0
LOIS PERLEBERG	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL STORDAHL	PRESIDENT/CEO/ADMINISTRATOR	32.00	Officer	$170,840	$24,601	$195,441
MORGAN KERN DECEMBER 2023	CFO	28.00	Officer	$98,729	$0	$98,729
RHONDA POHL	VP OF HUMAN RESOURCES	32.00	Highest	$107,933	$14,714	$122,647
KRISTA MARTINI	FINANCIAL MANAGER	16.80	Highest	$126,051	$20,558	$146,609
KIM HANSON	LPN	54.80	Highest	$118,766	$9,924	$128,690
JACQUELYN BARBER	DON/VP OF NURSING	40.00	Highest	$107,132	$21,726	$128,858
SHARON CARLSON	LPN	51.30	Highest	$105,566	$9,967	$115,533

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	$30,487,022	$25,692,037	$33,858,785	$4,794,985
2022	$23,382,520	$25,948,133	$29,842,307	$-2,565,613
2021	$25,176,810	$25,325,870	$33,093,333	$-149,060
2020	$26,119,523	$26,222,180	$35,550,389	$-102,657
2019	$25,024,448	$24,382,225	$35,576,462	$642,223
2018	$24,187,877	$24,383,166	$34,529,412	$-195,289

GOOD SHEPHERD LUTHERAN HOME OF SAUK RAPIDS MINNESOTA