EBENEZER PARK APARTMENTS

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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

1977

Legal Domicile

Principal Officer

JONATHAN LUNDBERG

Phone

6128792374

Tax Period

2020-01-01 to 2020-12-31

EBENEZER PARK APARTMENTS, founded in 1977, is a mid-sized nonprofit that reported $12.1M in total revenue in fiscal year 2020. Revenue surged 391% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.8M, a strong 81% operating margin.

Mission

EBENEZER PARK APARTMENTS IS PART OF EBENEZER SOCIETY. EBENEZER SOCIETY HELPS OLDER ADULTS AND OTHERS MAKE THEIR LIVES MORE INDEPENDENT, HEALTHFUL, MEANINGFUL AND SECURE. BUILDING ON OUR LUTHERAN HERITAGE, WE RESPOND TO PHYSICAL, PSYCHOLOGICAL, SOCIAL AND SPIRITUAL DIMENSIONS OF THE WHOLE PERSON. WE WELCOME PERSONS OF DIVERSE CULTURES AND FAITH TRADITIONS. WE PRACTICE RESPONSIBLE STEWARDSHIP OF HUMANS, PROPERTY, AND FINANCIAL RESOURCES AND ENCOURAGE CONTINUAL LEARNING AND INNOVATION TO STRIVE FOR EXCELLENCE.

Program Service Accomplishments

Program 1

Expenses: $582,041 Revenue: $1,906,470

PROVIDED HOUSING FOR THE LOW-INCOME ELDERLY AND HANDICAPPED INDIVIDUALS THROUGH A HUD SPONSORED PROGRAM. THE FACILITY HAS 200 APARTMENT UNITS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $13,766

Program Service Revenue $1,906,470

Investment Income $10,128,402

Other Revenue $60,375

TOTAL REVENUE $12,109,013

Expense Breakdown

Grants Paid $0

Salaries & Benefits $562,689

Fundraising Expenses $0

Program Expenses $582,041

Other Expenses $1,709,350

TOTAL EXPENSES $2,272,039

Year-over-Year Comparison

	2020	2019	Change
Revenue	$12,109,013	$2,466,463	+3.9%
Expenses	$2,272,039	$2,816,807	-0.2%
Net Income	$9,836,974	$-350,344	-29.1%

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

Governance

Voting Members

N/A

Independent Members

N/A

Employees

N/A

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

$3,456,522

Total Directors

$3,850,135

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JAMES HEREFORD	FHS PRESIDEN	2.00	Officer Director	$0	$715,433	$2,621,429
JONATHAN LUNDBERG	EBENEZER PRE	2.00	Officer Director	$0	$118,008	$460,196
MARK THOMAS	FORMER OFFIC	0.00		$0	$180,869	$428,538
JOSEPH GAYLORD	FHS VP	2.00	Director	$0	$63,828	$393,613
TODD WILLETT	EBENEZER CFO	2.00	Officer Director	$0	$21,064	$374,897
SUSAN CARLSON-WEINBERG	SECRETARY	0.25	Officer Director	$0	$0	$0
LINDA COLLINS	DIRECTOR-END	0.25	Director	$0	$0	$0
GINA DINGMAN	DIRECTOR	0.25	Director	$0	$0	$0
KENT EKLUND	VICE CH-END	0.25	Officer Director	$0	$0	$0
ROBB GRUMAN	DIRECTOR	0.25	Director	$0	$0	$0
THOMAS HOKR	DIRECTOR	0.25	Director	$0	$0	$0
RICHARD HOWARD	CHAIR	0.25	Officer Director	$0	$0	$0
CAROLYN JACOBSON	DIRECTOR	0.25	Director	$0	$0	$0
CARL RUNCK	DIRECTOR	0.25	Director	$0	$0	$0
SCOTT WORDELMAN	VICE CHAIR	0.25	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
2020	$12,109,013	$2,272,039	No data	$9,836,974
2019	$2,466,463	$2,816,807	$14,167,768	$-350,344
2018	$2,879,167	$1,960,038	$14,578,428	$919,129