Glenwood Village Care Center 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

1963

Legal Domicile

Principal Officer

Marnie Gugisberg

Phone

3206345131

Tax Period

2023-10-01 to 2024-09-30

Glenwood Village Care Center Inc, founded in 1963, is a mid-sized nonprofit that reported $11.3M in total revenue in fiscal year 2023. Expenses of $10.8M left a modest 5% surplus.

Mission

The Glenwood Retirement Village exists to fulfill the call of our Lord Jesus Christ to serve others with a primary mission to enhance the quality of life of those we serve through innovative health, housing, spiritual, and social services.

Program Service Accomplishments

Program 1

Expenses: $8,342,546 Revenue: $9,531,634

Nursing HomeGlenwood Village Care Center is a 64-bed skilled nursing facility. Total resident days for the fiscal year were 21,510. An average of 58.80 residents per day were served with a total of 70 admissions in the fiscal year. Glenwood Village Care Center is certified for Medicare and Medical Assistance. Services include nursing, dietary, activities, social services, on-site chaplain and physical, occupational and speech therapy. Both in-patient and out-patient therapy is available.

Program 2

Expenses: $1,212,673 Revenue: $1,385,519

Parkview CourtParkview Court is a 32-unit apartment building attached to the Glenwood Village Care Center. It is licensed as an Assisted Living Facility. It is fully staffed 24 hours a day. Private pay and Elderly Waiver funds are accepted. Optional meal plans and service packages are available and customized to meet the needs of the client. Housekeeping services and activities are available daily. Parkview Court is an Equal Housing Opportunity provider.

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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 $327,971

Program Service Revenue $10,917,153

Investment Income $65,934

Other Revenue $0

TOTAL REVENUE $11,311,058

Expense Breakdown

Grants Paid $43,943

Salaries & Benefits $7,065,182

Fundraising Expenses $0

Program Expenses $9,555,219

Other Expenses $3,685,456

TOTAL EXPENSES $10,794,581

Year-over-Year Comparison

	2023	2022	Change
Revenue	$11,311,058	$10,828,698	+0.0%
Expenses	$10,794,581	$9,189,635	+0.2%
Net Income	$516,477	$1,639,063	-0.7%

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

194

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Doug Bogie	Chair	0.30	Officer Director	$0	$0	$0
Allen Dahlseng	Vice Chair	0.30	Officer Director	$0	$0	$0
Jodi McGinty to Mar 2024	Director	0.30	Director	$0	$0	$0
Laura Jergenson	Director	0.30	Director	$0	$0	$0
Tom Talle	Director	0.30	Director	$0	$0	$0
Mike Larson	Director	0.30	Director	$0	$0	$0
Sharon Braaten	Director	0.30	Director	$0	$0	$0
Sharon Isdahl	Director	0.30	Director	$0	$0	$0
Caryl Nelson	Director	0.30	Director	$0	$0	$0
Jason Garcia to Jun 2024	Executive Director	18.00	Officer	$0	$0	$0
Angie Urman to Aug 2024	Interim Administrator	18.00	Officer	$0	$0	$0
Emily Benham From Aug 2024	Executive Director	38.00	Officer	$0	$0	$0
Marnie Gugisberg	Chief Financial Officer	18.00	Officer	$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	$11,311,058	$10,794,581	$9,741,208	$516,477
2023	$10,828,698	$9,189,635	$9,647,420	$1,639,063
2022	$7,465,629	$8,361,584	$7,960,565	$-895,955
2021	$7,992,990	$7,037,105	$9,132,899	$955,885
2020	$6,923,473	$6,829,399	$9,280,606	$94,074
2019	$6,946,581	$7,015,774	$8,244,124	$-69,193
2018	$6,945,457	$7,118,769	$8,265,426	$-173,312