OPEN CIRCLE ADULT DAY CARE

EIN: 411424801 501(c)(3) Human Services

EDINA, MN

Total Revenue
$2,688,861
Total Expenses
$2,242,776
Total Assets
$3,812,280
Net Assets
$1,002,673
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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
1982
Legal Domicile
MN
Principal Officer
MATTHEW KERN
Phone
9528555000
Tax Period
2024-01-01 to 2024-12-31

OPEN CIRCLE ADULT DAY CARE, founded in 1982, is a community nonprofit in the Human Services sector that reported $2.7M in total revenue in fiscal year 2024. Revenue grew 17% year-over-year, indicating healthy expansion. The organization ran a surplus of $446K, a strong 17% operating margin.

Mission

TO PROVIDE HEALTH CARE, HOUSING AND COMMUNITY SERVICES FOR THE ELDERLY.

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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 $0
Program Service Revenue $2,687,545
Investment Income $24
Other Revenue $1,292
TOTAL REVENUE $2,688,861

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,461,922
Fundraising Expenses $0
Program Expenses $1,582,787
Other Expenses $780,854
TOTAL EXPENSES $2,242,776

Year-over-Year Comparison

2024 2023 Change
Revenue $2,688,861 $2,293,455 +0.2%
Expenses $2,242,776 $2,045,440 +0.1%
Net Income $446,085 $248,015 +0.8%
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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Governance

Voting Members
6
Independent Members
6
Employees
41
Volunteers
71

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
10
$3,036,003
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ROBERT DAHL PRESIDENT/CEO 0.35
Officer
$0 $137,532 $822,196
KATHY YOUNGQUIST CHIEF FINANCIAL OFFICER 0.35
Officer
$0 $96,215 $584,006
MATTHEW KERN CHIEF OPERATING OFFICER 0.35
Officer
$0 $103,563 $487,527
KATHY KOPP CHIEF STRATEGIC OFFICER 0.35
Officer
$0 $105,002 $437,591
ANGELA BROWN CHIEF HUMAN RESOURCE OFFICER 0.35
Officer
$0 $83,403 $364,082
SHARON WILSON CHIEF CLINICAL AND COMPLIANCE OFFICER 0.35
Officer
$0 $62,508 $340,601
JERRY NYE CHAIRPERSON AND DIRECTOR 0.25
Officer Director
$0 $0 $0
CINDY MORRIS VICE CHAIRPERSON AND DIRECTOR 0.25
Officer Director
$0 $0 $0
ERIK ELLINGSON TREASURER AND DIRECTOR 0.25
Officer Director
$0 $0 $0
CHARLES PARKS SECRETARY AND DIRECTOR 0.25
Officer Director
$0 $0 $0
SCOTT RAMSDALE DIRECTOR 0.25
Director
$0 $0 $0
MICHELENE VERLAUTZ DIRECTOR 0.25
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 $2,688,861 $2,242,776 $3,812,280 $446,085
2023 $2,293,455 $2,045,440 $1,847,957 $248,015
2022 $2,193,393 $1,860,597 $1,201,933 $332,796
2021 $1,413,770 $1,630,760 $329,732 $-216,990
2020 $910,220 $1,492,076 $190,356 $-581,856
2019 $2,159,637 $2,089,154 $521,566 $70,483
2018 $2,084,312 $2,030,969 $426,551 $53,343
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