Community Memorial Home at Osakis Minnesota Incorporated

EIN: 410870847 501(c)(3) Health Care

Osakis, MN

Total Revenue
$9,666,204
Total Expenses
$7,331,549
Total Assets
$9,936,285
Net Assets
$8,042,711
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1961
Legal Domicile
MN
Principal Officer
Angie Reinke
Phone
3208592142
Tax Period
2024-07-01 to 2025-06-30

Community Memorial Home at Osakis Minnesota Incorporated, founded in 1961, is a community nonprofit in the Health Care sector that reported $9.7M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.3M, a strong 24% operating margin.

Mission

To provide the elderly, sick and infirmed with facilities and services to meet their needs.

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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 $1,406,374
Program Service Revenue $8,005,589
Investment Income $254,241
Other Revenue $0
TOTAL REVENUE $9,666,204

Expense Breakdown

Grants Paid $35,870
Salaries & Benefits $4,913,392
Fundraising Expenses $0
Program Expenses $6,511,761
Other Expenses $2,382,287
TOTAL EXPENSES $7,331,549

Year-over-Year Comparison

2024 2023 Change
Revenue $9,666,204 $7,028,023 +0.4%
Expenses $7,331,549 $6,653,211 +0.1%
Net Income $2,334,655 $374,812 +5.2%
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

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Liquidity & Cash Position

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

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Governance

Voting Members
8
Independent Members
8
Employees
169
Volunteers
12

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
$124,727
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Shari Maloney Board Member/President as of 4/25 5.00
Officer Director
$0 $0 $0
Georgia Thesing Vice President 4.00
Officer Director
$0 $0 $0
Saundra Benson Treasurer 4.00
Officer Director
$0 $0 $0
Bernice Kostrzewskie Secretary 4.00
Officer Director
$0 $0 $0
Neil Johnson President (Until 4/25) 8.00
Officer Director
$0 $0 $0
John Temple Board Member 4.00
Director
$0 $0 $0
Jan Moore Board Member 4.00
Director
$0 $0 $0
Robin Curtis Board Member 4.00
Director
$0 $0 $0
Juanita Klukken Board Member 4.00
Director
$0 $0 $0
Angie Reinke Administrator/CEO 40.00
Officer
$103,329 $21,398 $124,727
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
2025 $9,666,204 $7,331,549 $9,936,285 $2,334,655
2024 $7,028,023 $6,653,211 $7,895,755 $374,812
2023 $6,804,052 $6,565,804 $7,645,544 $238,248
2022 $6,896,587 $6,453,613 $7,476,835 $442,974
2021 $6,668,906 $6,173,750 $8,124,371 $495,156
2020 $6,199,822 $6,180,909 $8,363,105 $18,913
2019 $6,115,674 $5,884,945 $7,692,327 $230,729
2018 $5,733,787 $5,620,444 $7,902,938 $113,343
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