MONTEVIDEO, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LUTHER HAVEN, founded in 1971, is a community nonprofit in the Human Services sector that reported $9.8M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.
LUTHER HAVEN WAS ESTABLISHED AND ORGANIZED TO CARE FOR THE ELDERLY AND DISABLED IN MONTEVIDEO AND IN THE SOUTHWEST MINNESOTA DISTRICT OF THE ELCA. ITS PURPOSE IS TO SERVE THE ELDERLY AND DISABLED AND TO PROMOTE THEIR PHYSICAL, SOCIAL, EMOTIONAL, AND SPIRITUAL NEEDS IN A CHRISTIAN ATMOSPHERE. NO PERSON BECAUSE OF RACE, COLOR, CREED, RELIGION, NATIONAL ORIGIN, SEX, MARITAL STATUS, STATUS WITH REGARD TO MEDICAL ASSISTANCE, DISABILITY, SEXUAL ORIENTATION, MEMBERSHIP OR ACTIVITY IN A LOCAL COMMISSION OR VETERAN STATUS SHALL BE BARRED ADMISSION FROM LUTHER HAVEN.
CARE CENTER:NURSING DEPARTMENT WITH A BUDGET OF 3.8 MILLION IS OUR LARGEST DEPARTMENT. IT EMPLOYS APPROXIMATELY 65 EMPLOYEES. WE PROVIDE LONG AND SHORT STAY CARE AND A FULL LINE OF REHAB SERVICES TO...
CARE CENTER:NURSING DEPARTMENT WITH A BUDGET OF 3.8 MILLION IS OUR LARGEST DEPARTMENT. IT EMPLOYS APPROXIMATELY 65 EMPLOYEES. WE PROVIDE LONG AND SHORT STAY CARE AND A FULL LINE OF REHAB SERVICES TO PROMOTE MAXIMUM RESIDENT HEALTH AND RETURN TO COMMUNITY. WE ARE LICENSED FOR 70 BEDS. ALSO, ON THE CAMPUS IS COPPER GLEN, ASSISTED LIVING AND THE MONTEVIDEO-CHIPPEWA COUNTY HOSPITAL AND MEDICAL CENTER. ALL BUILDINGS ARE CONNECTED, AND CERTAIN SERVICES ARE SHARED FOR COST SHARING AND COST SAVINGS. WE ARE CERTIFIED WITH MEDICARE AND MEDICAID AND LICENSED WITH THE MINNESOTA DEPARTMENT OF HEALTH.
COPPER GLEN:COPPER GLEN IS A LICENSED CLASS F ASSISTED LIVING FACILITY. COPPER GLEN IS DESIGNED AS AN APARTMENT STYLE COMPLEX WITH SERVICES AVAILABLE TO ASSIST THE TENANTS TO AGE IN A HOME...
COPPER GLEN:COPPER GLEN IS A LICENSED CLASS F ASSISTED LIVING FACILITY. COPPER GLEN IS DESIGNED AS AN APARTMENT STYLE COMPLEX WITH SERVICES AVAILABLE TO ASSIST THE TENANTS TO AGE IN A HOME ENVIRONMENT. PROGRAM SERVICES ARE INTENDED TO BRIDGE THE GAP BETWEEN INDEPENDENT LIVING AND THE CARE CENTER. SERVICES PROVIDED INCLUDE MEALS, BATHING, HOUSEKEEPING, MAINTENANCE, LAUNDRY, AND REGISTERED NURSE SUPERVISION STAFFING. ALSO PROVIDED ARE ALA CARTE SERVICES, CENTRAL STORAGE OF MEDICATIONS, MEDICATION ADMINISTRATION AND MANAGEMENT. VOLUNTEERS AND A LOCAL PASTORAL ORGANIZATION PROVIDE WORSHIP SERVICES.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $9,841,773 | $11,370,518 | -0.1% |
| Expenses | $9,904,382 | $9,186,671 | +0.1% |
| Net Income | $-62,609 | $2,183,847 | -1.0% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| KALIN EVENSON | CHAIR (THRU 04/2024) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KATHY TAMMEN | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CHUCK VIEN | VICE-CHAIR (THRU 04/2024) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DIANE SACHARIASON | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SHELLY BEDNAR | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| PAUL DEZEEUW | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| MARIE ECKBERG | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| JEROME FRAGODT | DIRECTOR (THRU 04/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| JASON KURTZBEIN | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| KIMBERLY KVAM | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| DIANE LANDMARK | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| BRETT OPDAHL | DIRECTOR (THRU 04/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| GARY RILEY | DIRECTOR (THRU 12/2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| KELLY SNELL | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| SUE WINTER | DIRECTOR | 1.00 |
Director
|
$0 | $0 | $0 |
| ANN NORDSTROM | FINANCE DIRECTOR | 40.00 |
Officer
|
$93,295 | $23,088 | $116,383 |
| JUSTIN HUGHES | ADMINISTRATOR | 40.00 |
Officer
|
$78,133 | $9,144 | $87,277 |
| TIM BYRNE | ADMINISTRATOR (THRU 02/2024) | 40.00 |
Officer
|
$22,074 | $1,524 | $23,598 |
| REBECCA HUGHES | NURSE MANAGER | 40.00 |
Highest
|
$102,584 | $2,988 | $105,572 |
| ALYCIA PLOCHER | NURSE MANAGER | 40.00 |
Highest
|
$101,303 | $19,894 | $121,197 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $9,841,773 | $9,904,382 | $8,122,381 | $-62,609 |
| 2023 | $11,370,518 | $9,186,671 | $8,129,655 | $2,183,847 |
| 2022 | $9,238,223 | $9,028,559 | $5,655,274 | $209,664 |
| 2021 | $7,589,536 | $8,620,225 | $5,663,230 | $-1,030,689 |
| 2020 | $9,867,816 | $8,974,715 | $6,741,041 | $893,101 |
| 2019 | $9,426,616 | $8,667,373 | $5,797,429 | $759,243 |
| 2018 | $8,825,350 | $8,614,229 | $4,925,611 | $211,121 |
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