Assumption Home 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

Anne Major

Phone

3206853693

Tax Period

2023-01-01 to 2023-12-31

Assumption Home Inc, founded in 1963, is a mid-sized nonprofit in the Human Services sector that reported $13.6M in total revenue in fiscal year 2023. Expenses of $12.9M left a modest 5% surplus.

Mission

To provide a continuum of quality care in a Christian manner that honors the dignity of the members of our local community.

Program Service Accomplishments

Program 1

Expenses: $8,497,195 Revenue: $9,179,759

Assumption Home, Inc. operates an 76-bed long-term health care facility in Cold Spring, MN which provides care to residents on a daily basis. Assumption Home is renowned for being a Christian health care facility that strives to provide long term and rehabilitative care for older adults. Assumption Home is a single story structure, conveniently located in the center of Cold Spring and is bordered by numerous picturesque scenes including a garden, park, and the middle school playground. Assumption Home offers the older adult and their families numerous services and aspects of medical care including several rounding onsite primary physicians, numerous consulting physicians including an audiologist and podiatrist, and a local pharmacy to provide medications. Assumption Home is also able to coordinate your loved one's care with other clinics and medical professions as needed.

Program 2

Expenses: $2,514,692 Revenue: $2,493,425

The Organization also operates Assumption Court, a 59-unit apartment complex providing congregate housing and has a Housing with Services license that enables its tenants to purchase additional...

The Organization also operates Assumption Court, a 59-unit apartment complex providing congregate housing and has a Housing with Services license that enables its tenants to purchase additional personal care services.

Program 3

Expenses: $711,626 Revenue: $1,412,535

The Organization operates Asher Haus, a 28-unit memory care assisted living facility.

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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 $290,791

Program Service Revenue $13,085,719

Investment Income $220,813

Other Revenue $0

TOTAL REVENUE $13,597,323

Expense Breakdown

Grants Paid $13,331

Salaries & Benefits $8,058,425

Fundraising Expenses $0

Program Expenses $11,723,513

Other Expenses $4,780,823

TOTAL EXPENSES $12,852,579

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,597,323	$13,119,128	+0.0%
Expenses	$12,852,579	$11,282,596	+0.1%
Net Income	$744,744	$1,836,532	-0.6%

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

275

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

$373,107

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Rev Matthew Luft	Second VP/CEO (Jan - Jun)	1.00	Officer Director	$0	$0	$0
Father Leroy Scheierl	CEO/VP (Jul - Dec)	1.00	Officer Director	$0	$0	$0
Larry Sell	Secretary (Jan - Jun)	1.00	Officer Director	$0	$0	$0
Merrilee Stang	Secretary (Jul - Dec)	1.00	Officer Director	$0	$0	$0
Mike Roth	Treasurer	1.00	Officer Director	$0	$0	$0
Melissa Rowe	Director (Jan -Jul)	1.00	Director	$0	$0	$0
Fr Isaiah Frederick	Director (Jan -Jul)	1.00	Director	$0	$0	$0
Nicole Holthaus	Director	1.00	Director	$0	$0	$0
Harry Bertram	Director	1.00	Director	$0	$0	$0
Cheryl Eickhoff	Director	1.00	Director	$0	$0	$0
Terri Larison	Director (Jan -Jul)	1.00	Director	$0	$0	$0
Brother David Allen	Director (Jan -Jul)	1.00	Director	$0	$0	$0
Scott Rowe	Director (Jan -Jul)	1.00	Director	$0	$0	$0
Kelly Springer	Director (Jan -Jul)	1.00	Director	$0	$0	$0
Mary Boyde	Administrator	38.00	Officer	$212,141	$0	$212,141
Brenda Weller	Director of Finance (Jan - Nov)	38.00	Officer	$133,454	$27,512	$160,966

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$13,597,323	$12,852,579	$23,002,544	$744,744
2022	$13,119,128	$11,282,596	$22,261,219	$1,836,532
2022	$13,119,128	$11,282,596	$22,261,219	$1,836,532
2021	$11,138,191	$9,762,844	$20,902,199	$1,375,347
2021	$11,138,191	$9,762,844	$20,902,199	$1,375,347
2020	$9,724,616	$10,021,078	$20,853,831	$-296,462
2019	$9,303,185	$9,082,168	$20,372,866	$221,017
2018	$9,039,872	$8,898,618	$20,689,965	$141,254