VALLEY VIEW NURSING HOME OF HOUSTON INC

EIN: 410913814 501(c)(3) Health Care

HOUSTON, MN

Total Revenue
$5,735,918
Total Expenses
$5,549,554
Total Assets
$4,134,896
Net Assets
$2,086,240
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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
1967
Legal Domicile
MN
Principal Officer
CONNIE EDWARDS
Phone
5078963125
Tax Period
2023-10-01 to 2024-09-30

VALLEY VIEW NURSING HOME OF HOUSTON INC, founded in 1967, is a community nonprofit in the Health Care sector that reported $5.7M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $5.5M left a modest 3% surplus.

Mission

TO PROVIDE NURSING HOME CARE AND HOUSING WITH SERVICES TO THE ELDERLY OF HOUSTON, MINNESOTA AND THE SURROUNDING AREA.

Program Service Accomplishments

Program 1
Expenses: $4,722,668 Revenue: $5,735,918

PROVISION OF NURSING CARE AND HOUSING FOR ELDERLY AND DISABLED INDIVIDUALS BY OPERATING A 45-BED LICENSED NURSING FACILITY AND AN 18-UNIT ASSISTED LIVING COMPLEX IN HOUSTON, 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $410,267
Program Service Revenue $5,193,687
Investment Income $122,339
Other Revenue $9,625
TOTAL REVENUE $5,735,918

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,796,793
Fundraising Expenses $0
Program Expenses $4,722,668
Other Expenses $1,752,761
TOTAL EXPENSES $5,549,554

Year-over-Year Comparison

2023 2022 Change
Revenue $5,735,918 $4,979,709 +0.2%
Expenses $5,549,554 $5,092,464 +0.1%
Net Income $186,364 $-112,755 -2.7%
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

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Governance

Voting Members
7
Independent Members
7
Employees
131
Volunteers
1

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
5
$116,665
Total Directors
7
$3,500
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CONNIE EDWARDS ADMINISTRATOR 40.00
Officer
$114,665 $0 $114,665
CHERYL RASMUSSEN DIR OF NURSING 40.00
$108,889 $0 $108,889
MICHAEL BECKMAN Director 1.00
Director
$583 $0 $583
THOMAS MCPEAK Chairman 1.00
Officer Director
$500 $0 $500
KRISTINE LITSCHER-LEE Secretary 1.00
Officer Director
$500 $0 $500
PATRICK FORSYTH Treasurer 1.00
Officer Director
$500 $0 $500
KENNETH JOHNSTON Director 1.00
Director
$500 $0 $500
KATHY SOLUM Vice Chairman 1.00
Officer Director
$500 $0 $500
SCOTT GOTTFRIEND Director 1.00
Director
$417 $0 $417
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 $5,735,918 $5,549,554 $4,134,896 $186,364
2023 $4,979,709 $5,092,464 $3,783,103 $-112,755
2022 $4,797,128 $5,171,258 $3,934,605 $-374,130
2021 $5,335,049 $4,778,964 $4,947,258 $556,085
2020 $4,688,111 $4,580,436 $4,571,973 $107,675
2019 $4,667,707 $4,527,007 $3,762,011 $140,700
2018 $4,644,457 $4,576,338 $3,726,922 $68,119
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