PINE HAVEN INC

EIN: 410944721 501(c)(3) Health Care

PINE ISLAND, MN

Total Revenue
$13,533,024
Total Expenses
$12,204,347
Total Assets
$8,464,386
Net Assets
$4,931
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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
1964
Legal Domicile
MN
Principal Officer
AMBER THORN
Phone
5073568304
Tax Period
2023-10-01 to 2024-09-30

PINE HAVEN INC, founded in 1964, is a mid-sized nonprofit in the Health Care sector that reported $13.5M in total revenue in fiscal year 2023. Revenue surged 73% from the prior year, signaling strong growth momentum. Expenses of $12.2M left a modest 10% surplus.

Mission

PROVIDE QUALITY, AFFORDABLE SERVICES FOR OLDER ADULTS AND FAMILIES IN OUR COMMUNITY.

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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 $700,206
Program Service Revenue $12,805,132
Investment Income $106
Other Revenue $27,580
TOTAL REVENUE $13,533,024

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,791,704
Fundraising Expenses $0
Program Expenses $9,901,061
Other Expenses $5,412,643
TOTAL EXPENSES $12,204,347

Year-over-Year Comparison

2023 2022 Change
Revenue $13,533,024 $7,835,656 +0.7%
Expenses $12,204,347 $8,902,244 +0.4%
Net Income $1,328,677 $-1,066,588 -2.2%
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

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
3
Independent Members
3
Employees
182
Volunteers
10

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
8
$77,471
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RANDY HOFFARTH CHAIR (THRU DEC 23) 1.00
Officer Director
$0 $0 $0
BRIAN HALE VICE CHAIR 1.00
Officer Director
$0 $0 $0
JOANNE JUDGE-DIETZ VICE CHAIR 1.00
Officer Director
$0 $0 $0
GLEN HEMANN TREASURER 1.00
Officer Director
$0 $0 $0
TERESA BUCK SECRETARY (THRU DEC 23) 1.00
Officer Director
$0 $0 $0
RON FLEMKE DIRECTOR (THRU DEC 23) 1.00
Director
$0 $0 $0
JERRY VETTEL DIRECTOR (THRU DEC 23) 1.00
Director
$0 $0 $0
WAYNE WELLIK DIRECTOR (THRU DEC 23) 1.00
Director
$0 $0 $0
AMBER THORN CEO/INTERIM ADMINISTRATOR 40.00
Officer
$0 $0 $0
ERIC EVERSON CEO/ADMINISTRATOR (THRU DEC 23) 40.00
Officer
$0 $0 $0
JESSICA RIVERA FINANCE DIRECTOR 40.00
Officer
$77,471 $0 $77,471
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 $13,533,024 $12,204,347 $8,464,386 $1,328,677
2023 $7,835,656 $8,902,244 $7,098,089 $-1,066,588
2022 $7,755,198 $6,314,329 $8,819,164 $1,440,869
2021 $9,079,459 $9,191,318 $7,119,498 $-111,859
2020 $8,392,965 $8,221,128 $7,846,455 $171,837
2019 $6,994,297 $6,877,906 $7,280,552 $116,391
2018 $7,214,577 $7,834,785 $7,826,157 $-620,208
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