Knute Nelson (EIN 411263433) - Form 990 Financial Analysis & Trantor Score

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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

1969

Legal Domicile

Principal Officer

Mark Anderson

Phone

3207636653

Tax Period

2023-10-01 to 2023-12-31

Knute Nelson, founded in 1969, is a mid-sized nonprofit in the Human Services sector that reported $15.0M in total revenue in fiscal year 2023. Revenue fell 76% from the prior year — a significant decline worth monitoring.

Mission

Operation of nursing home and senior services

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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 $508,100

Program Service Revenue $13,713,739

Investment Income $185,223

Other Revenue $596,605

TOTAL REVENUE $15,003,667

Expense Breakdown

Grants Paid $16,311

Salaries & Benefits $9,506,780

Fundraising Expenses $18,454

Program Expenses $9,483,970

Other Expenses $5,152,304

TOTAL EXPENSES $14,675,395

Year-over-Year Comparison

	2023	2022	Change
Revenue	$15,003,667	$62,342,294	-0.8%
Expenses	$14,675,395	$53,853,563	-0.7%
Net Income	$328,272	$8,488,731	-1.0%

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

918

Volunteers

225

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

$1,398,003

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Chad Coauette	Chair	1.00	Officer Director	$0	$0	$0
Julie Critz	Vice - Chair	1.00	Officer Director	$0	$0	$0
Jeff Montgomery	Secretary/Treasurer	1.00	Officer Director	$0	$0	$0
Dave Wolf	Past Chair	1.00	Officer Director	$0	$0	$0
Greg Billberg	Director	1.00	Director	$0	$0	$0
Sarah O Kane	Director	1.00	Director	$0	$0	$0
Pam Carlson	Director	1.00	Director	$0	$0	$0
Vicki Jodsaas	Director	1.00	Director	$0	$0	$0
Deena Steffl	Director	1.00	Director	$0	$0	$0
Mark Anderson	President/CEO	39.00	Officer	$469,743	$71,262	$541,005
Marnie Gugisberg	SrVP/CFO	39.00	Officer	$267,152	$40,235	$307,387
Angie Urman	SrVP/CCO	40.00	Officer	$224,548	$33,718	$258,266
Katie Perry	SrVP/COO	38.00	Officer	$257,279	$34,066	$291,345
Kristi Lynch	RN	40.00	Highest	$163,333	$0	$163,333
Brooke Zabel	Chief People Officer	40.00	Highest	$180,323	$10,600	$190,923
Brittney Thoreson	VP of Operations - North	40.00	Highest	$152,417	$23,124	$175,541
Erik Lindwall	VP of IT	40.00	Highest	$135,671	$31,725	$167,396
Nicole Nyberg	VP of Human Resources	40.00	Highest	$120,134	$33,406	$153,540

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	No data	No data	No data	No data
2023	$62,342,294	$53,853,563	$77,703,739	$8,488,731
2023	$15,003,667	$14,675,395	$77,479,014	$328,272
2022	$49,416,918	$47,176,377	$69,194,088	$2,240,541
2021	$46,063,980	$40,544,009	$66,926,254	$5,519,971
2020	$38,034,818	$37,880,860	$65,707,296	$153,958
2019	$36,500,745	$36,208,508	$61,076,015	$292,237
2018	$35,901,524	$34,941,945	$61,279,159	$959,579

Knute Nelson