LINNEA RESIDENTIAL HOME INC

EIN: 411319468 501(c)(3) Human Services

CHISAGO CITY, MN

Total Revenue
$2,374,683
Total Expenses
$2,026,835
Total Assets
$2,402,077
Net Assets
$2,114,495
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
MN
Principal Officer
BARB BUCKLEY
Phone
6512572211
Tax Period
2024-01-01 to 2024-12-31

LINNEA RESIDENTIAL HOME INC, founded in 1979, is a community nonprofit in the Human Services sector that reported $2.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $2.0M left a modest 15% surplus.

Mission

THE PURPOSE OF LINNEA RESIDENTIAL HOMES IS TO PROVIDE COMMUNITY BASED SERVICES TO PERSONS WITH DEVELOPMENTAL DISABILITIES AND PHYSICAL DISABILITIES, AND INCLUDES, BUT IS NOT LIMITED TO, PROVIDING RESIDENTIAL AND OTHER SUPPORT 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,860
Program Service Revenue $2,338,598
Investment Income $33,016
Other Revenue $1,209
TOTAL REVENUE $2,374,683

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,648,562
Fundraising Expenses $0
Program Expenses $1,626,971
Other Expenses $378,273
TOTAL EXPENSES $2,026,835

Year-over-Year Comparison

2024 2023 Change
Revenue $2,374,683 $2,088,178 +0.1%
Expenses $2,026,835 $1,924,541 +0.1%
Net Income $347,848 $163,637 +1.1%
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
10
Independent Members
10
Employees
58
Volunteers
N/A

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
$89,355
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BARB BUCKLEY CURRENT ADMINISTRATOR 40.00
Officer
$89,355 $0 $89,355
SUE WEHRENBERG DIRECTOR 2.00
Director
$0 $0 $0
JOAN JOHNSON DIRECTOR 2.00
Director
$0 $0 $0
ANTOINETTE BOYLE DIRECTOR 2.00
Director
$0 $0 $0
DEBI HALLER DIRECTOR 2.00
Director
$0 $0 $0
LORRAINE SKORDAHL DIRECTOR 2.00
Director
$0 $0 $0
JOEL GERDES DIRECTOR 2.00
Director
$0 $0 $0
ANNETTE CASEY SECRETARY 2.00
Officer Director
$0 $0 $0
BRENDA KAEDING CO-CHAIR 2.00
Officer Director
$0 $0 $0
DIANE MCCORD CO-CHAIR 2.00
Officer Director
$0 $0 $0
PAM HARRIS TREASURER 2.00
Officer Director
$0 $0 $0
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 $2,374,683 $2,026,835 $2,402,077 $347,848
2023 $2,088,178 $1,924,541 $2,058,210 $163,637
2022 $2,127,263 $1,741,585 $1,904,536 $385,678
2021 $1,763,685 $1,620,282 $1,529,840 $143,403
2020 $1,895,379 $1,631,592 $1,390,434 $263,787
2019 $1,585,439 $1,402,995 $1,198,392 $182,444
2018 $1,317,654 $1,324,466 $1,055,360 $-6,812
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