SOUTHERN MINNESOTA BEHAVIORAL HEAL… - Form 990 Financial Data

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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

1966

Legal Domicile

Principal Officer

DEB LOVERUDE

Phone

5077665569

Tax Period

2023-01-01 to 2023-12-31

SOUTHERN MINNESOTA BEHAVIORAL HEALTH, founded in 1966, is a small nonprofit in the Mental Health sector that reported $541K in total revenue in fiscal year 2023. Revenue fell 34% from the prior year — a significant decline worth monitoring. Expenses of $1.4M exceeded revenue, resulting in a 150% operating deficit.

Mission

OUR MISSION IS TO PROVIDE QUALITY, AFFORDABLE, CONSUMER-CENTERED BEHAVIOR HEALTH SERVICES IN A CARING AND CONFIDENTIAL MANNER.

Program Service Accomplishments

Program 1

Expenses: $1,117,316 Revenue: $524,248

SOUTHERN MINNESOTA BEHAVIORAL HEALTH PROVIDES A CONTINUUM OF THERAPEUTIC OUTPATIENT SERVICES TO THOSE IN NEED OF MENTAL OR EMOTIONAL SUPPORT. SERVICES ARE AVAILABLE FOR CHILDREN, ADOLESCENTS AND...

SOUTHERN MINNESOTA BEHAVIORAL HEALTH PROVIDES A CONTINUUM OF THERAPEUTIC OUTPATIENT SERVICES TO THOSE IN NEED OF MENTAL OR EMOTIONAL SUPPORT. SERVICES ARE AVAILABLE FOR CHILDREN, ADOLESCENTS AND ADULTS. THE ADULT REHABILITATIVE MENTAL HEALTH SERVICES PROGRAM (ARMHS) OPERATES AS A COMMUNITY-BASED SUPPORT SERVICE FOR PERSONS ON MEDICAL ASSISTANCE WHO HAVE MENTAL HEALTH PROBLEMS. THE CHILDREN'S THERAPEUTIC SUPPORTS AND SERVICES PROGRAM (CTSS) IS DESIGNED TO PROVIDE INTENSIVE OUTPATIENT SERVICES TO YOUTH THAT EXPERIENCE EMOTIONAL DISTURBANCE AND HAVE SIGNIFICANT FUNCTIONAL PROBLEMS RELATED TO THEIR EMOTIONAL ISSUES.

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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 $14,568

Program Service Revenue $524,248

Investment Income $1,975

Other Revenue $0

TOTAL REVENUE $540,791

Expense Breakdown

Grants Paid $292,965

Salaries & Benefits $581,368

Fundraising Expenses $0

Program Expenses $1,117,316

Other Expenses $476,619

TOTAL EXPENSES $1,350,952

Year-over-Year Comparison

	2023	2022	Change
Revenue	$540,791	$815,950	-0.3%
Expenses	$1,350,952	$1,725,775	-0.2%
Net Income	$-810,161	$-909,825	-0.1%

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

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

$169,984

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DEAN SIMONSEN	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
DEAN BARSTAD	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ROD SHUMACHER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
RICHARD GREENE	DIRECTOR	2.00	Director	$0	$0	$0
SARAH GIESKE	DIRECTOR	2.00	Director	$0	$0	$0
AMANDA SHUKNECHT	DIRECTOR	2.00	Director	$0	$0	$0
CANDAS SCHOVIELLER	DIRECTOR	2.00	Director	$0	$0	$0
JON SCHLENSKE	EXECUTIVE DIRECTOR - PART YEAR	40.00	Officer	$42,046	$541	$42,587
DEB LOVERUDE	COO/INTERIM EXEC DIRECTOR	40.00	Officer	$112,163	$15,234	$127,397

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
2023	$540,791	$1,350,952	$108,900	$-810,161
2022	$815,950	$1,725,775	$1,267,313	$-909,825
2021	$3,036,539	$2,780,870	$2,058,853	$255,669
2020	$3,031,851	$2,628,944	$1,975,520	$402,907
2019	$2,877,652	$2,949,329	$1,500,260	$-71,677
2018	$2,864,139	$3,022,481	$1,529,189	$-158,342

SOUTHERN MINNESOTA BEHAVIORAL HEALTH