SOUTHEASTERN MINNESOTA CENTER FOR INDEPENDENT LIVING INC (EIN 411387414) - 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

1981

Legal Domicile

Principal Officer

JACOB SCHULLER

Phone

5072851815

Tax Period

2023-01-01 to 2023-12-31

SOUTHEASTERN MINNESOTA CENTER FOR INDEPENDENT LIVING INC, founded in 1981, is a mid-sized nonprofit in the Human Services sector that reported $10.1M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $11.3M exceeded revenue, resulting in a 12% operating deficit.

Mission

CHAMPION THE ASPIRATIONS OF PEOPLE WITH DISABILITIES.

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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 $3,499,155

Program Service Revenue $6,213,911

Investment Income $358,046

Other Revenue $1,045

TOTAL REVENUE $10,072,157

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,014,935

Fundraising Expenses $0

Program Expenses $10,149,875

Other Expenses $2,276,916

TOTAL EXPENSES $11,291,851

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,072,157	$8,628,490	+0.2%
Expenses	$11,291,851	$10,477,734	+0.1%
Net Income	$-1,219,694	$-1,849,244	-0.3%

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

438

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

$196,939

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEREMY WESTRUM	PRESIDENT	1.00	Officer Director	$0	$0	$0
STACI EISCHENS	SECRETARY	1.00	Officer Director	$0	$0	$0
LISA HARVEY	DIRECTOR	1.00	Director	$0	$0	$0
ADAM MCCULLOUGH	DIRECTOR	1.00	Director	$0	$0	$0
KURT NJOS	DIRECTOR	1.00	Director	$0	$0	$0
SHELLY ROHE	DIRECTOR	1.00	Director	$0	$0	$0
JACOB SCHULLER	EXECUTIVE DIRECTOR	40.00	Officer	$135,493	$61,446	$196,939
SHELLY A ANDERSON	OPERATIONS DIRECTOR	40.00	Highest	$101,649	$24,049	$125,698

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	$10,072,157	$11,291,851	$18,615,390	$-1,219,694
2022	$8,628,490	$10,477,734	$13,755,709	$-1,849,244
2021	$9,266,306	$9,244,973	$15,920,379	$21,333
2020	$9,115,198	$9,479,435	$15,739,270	$-364,237
2019	$9,205,345	$8,767,312	$15,683,506	$438,033
2018	$8,721,858	$8,455,904	$15,007,409	$265,954

SOUTHEASTERN MINNESOTA CENTER FOR INDEPENDENT LIVING INC