PINE HAVEN 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

1964

Legal Domicile

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

PINE HAVEN COMMUNITY PROVIDES A CONTINUUM OF CARE THROUGH THE BELIEF THAT EVERY PERSON IS UNIQUE.

Program Service Accomplishments

Program 1

Expenses: $9,901,061 Revenue: $12,805,132

PINE HAVEN, INC. (PINE HAVEN COMMUNITY) IS RESPONSIBLE FOR PROVIDING NURSING CARE AND HOUSING FOR THE ELDERLY AND DISABLED, OPERATING A 70 BED LICENSED NURSING FACILITY LOCATED IN PINE ISLAND...

PINE HAVEN, INC. (PINE HAVEN COMMUNITY) IS RESPONSIBLE FOR PROVIDING NURSING CARE AND HOUSING FOR THE ELDERLY AND DISABLED, OPERATING A 70 BED LICENSED NURSING FACILITY LOCATED IN PINE ISLAND, MINNESOTA. PROVIDE MANAGEMENT SERVICES TO EVERGREEN PLACE, AN ASSISTED LIVING HOUSING FACILITY OWNED BY THE CITY OF PINE ISLAND, MINNESOTA. DURING THE YEAR, APPROXIMATELY 20,800 INPATIENT DAYS WERE PROVIDED.

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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 $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

Governance

Voting Members

Independent Members

Employees

182

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

$77,471

Total Directors

Key Employees

Highest Compensated

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