IRIS PARK COMMONS

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1992

Legal Domicile

Principal Officer

TOM HENRY

Phone

6516328801

Tax Period

2024-01-01 to 2024-12-31

IRIS PARK COMMONS, founded in 1992, is a community nonprofit in the Housing & Shelter sector that reported $4.7M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $4.5M left a modest 5% surplus.

Mission

OUR MISSION IS TO ENRICH LIFE AND BUILD COMMUNITY WITH OLDER ADULTS.

Program Service Accomplishments

Program 1

Expenses: $3,432,625 Revenue: $4,413,883

IRIS PARK COMMONS IS RESPONSIBLE FOR THE OPERATION OF A 61 UNIT CONGREGATE HOUSING FACILITY ATTACHED TO EPISCOPAL CHURCH HOME OF MINNESOTA. THE ORGANIZATION PROVIDES FOR THE PHYSICAL, SOCIAL...

IRIS PARK COMMONS IS RESPONSIBLE FOR THE OPERATION OF A 61 UNIT CONGREGATE HOUSING FACILITY ATTACHED TO EPISCOPAL CHURCH HOME OF MINNESOTA. THE ORGANIZATION PROVIDES FOR THE PHYSICAL, SOCIAL, SPIRITUAL, AND PSYCHOLOGICAL NEEDS OF ITS RESIDENTS AND ARE DESIGNED TO SERVE ADULTS 62 AND OLDER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $62,200

Program Service Revenue $4,413,883

Investment Income $92,149

Other Revenue $159,409

TOTAL REVENUE $4,727,641

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,265,253

Fundraising Expenses $0

Program Expenses $3,432,625

Other Expenses $2,246,108

TOTAL EXPENSES $4,511,361

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,727,641	$4,354,916	+0.1%
Expenses	$4,511,361	$4,192,129	+0.1%
Net Income	$216,280	$162,787	+0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

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

$933,523

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MELISSA GILBERTSON	CHAIR	0.10	Officer Director	$0	$0	$0
PETER GOVE	CHAIR (THRU NOV)/DIRECTOR	0.10	Officer Director	$0	$0	$0
MARY LILJA	VICE-CHAIR	0.10	Officer Director	$0	$0	$0
DAVID CARLSEN	TREASURER	0.10	Officer Director	$0	$0	$0
BRIAN OSTENSO	TREASURER (THRU NOV)	0.10	Officer Director	$0	$0	$0
CAROL FORBES	SECRETARY	0.10	Officer Director	$0	$0	$0
MARK CAPALDINI	DIRECTOR	0.10	Director	$0	$0	$0
KATHLEEN CUMMINGS	DIRECTOR	0.10	Director	$0	$0	$0
RICHARD CUNNINGHAM	DIRECTOR	0.10	Director	$0	$0	$0
ANDY CURRIE	DIRECTOR (THRU JUNE)	0.10	Director	$0	$0	$0
LOIS CUTLER	DIRECTOR	0.10	Director	$0	$0	$0
GENE GELGELU	DIRECTOR (THRU APRIL)	0.10	Director	$0	$0	$0
JIHAN GOLDEN	DIRECTOR (THRU NOV)	0.10	Director	$0	$0	$0
MARY GREER	DIRECTOR	0.10	Director	$0	$0	$0
SUE HAIGH	DIRECTOR	0.10	Director	$0	$0	$0
TOM HOVE	DIRECTOR	0.10	Director	$0	$0	$0
GAYLE KVENVOLD	DIRECTOR	0.10	Director	$0	$0	$0
REV CRAIG LOYA	DIRECTOR	0.10	Director	$0	$0	$0
SARAH JANE NOWLIN	DIRECTOR	0.10	Director	$0	$0	$0
TOM SCHAEFER	DIRECTOR	0.10	Director	$0	$0	$0
JIM SCHEIBEL	DIRECTOR	0.10	Director	$0	$0	$0
MARTHA SWENSON	DIRECTOR (THRU NOV)	0.10	Director	$0	$0	$0
MARVIN PLAKUT	PRESIDENT/CEO (THRU MARCH)	3.00	Officer	$0	$6,430	$162,820
JOHN T HENRY	PRESIDENT/CEO	3.00	Officer	$0	$23,414	$371,663
MELISSA SCHNEIDER	COO	3.00	Officer	$0	$15,830	$219,276
HEIDI ELMQUIST	CAO	3.00	Officer	$0	$36,948	$179,764

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	$4,727,641	$4,511,361	$3,852,679	$216,280
2023	$4,354,916	$4,192,129	$3,865,227	$162,787
2022	$4,029,066	$4,341,971	$4,346,014	$-312,905
2021	$3,532,470	$4,061,199	$4,562,885	$-528,729
2020	$4,242,476	$3,836,108	$5,009,635	$406,368
2019	$3,773,873	$4,154,086	$4,475,409	$-380,213
2018	$3,497,507	$3,114,595	$4,937,816	$382,912