WALKER RESIDENCE INC

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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

Principal Officer

SCOTT RIDDLE

Phone

6128278400

Tax Period

2023-01-01 to 2023-12-31

WALKER RESIDENCE INC, founded in 1982, is a community nonprofit that reported $5.1M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $4.4M left a modest 13% surplus.

Mission

LIFE. AND ALL THE LIVING THAT GOES WITH IT. ENHANCING THE LIVES OF OLDER ADULTS THROUGH A CULTURE OF CARE, RESPECT, AND SERVICE.

Program Service Accomplishments

Program 1

Expenses: $3,554,305 Revenue: $4,596,032

WALKER RESIDENCE, INC. D/B/A WALKER METHODIST PLACE, ACCOMPLISHES ITS EXEMPT PURPOSE BY PROVIDING SENIOR LIVING WITH SERVICES AS A 122-UNIT CONTINUING CARE RETIREMENT COMMUNITY IN MINNEAPOLIS...

WALKER RESIDENCE, INC. D/B/A WALKER METHODIST PLACE, ACCOMPLISHES ITS EXEMPT PURPOSE BY PROVIDING SENIOR LIVING WITH SERVICES AS A 122-UNIT CONTINUING CARE RETIREMENT COMMUNITY IN MINNEAPOLIS, MINNESOTA. SENIOR HOUSING, HEALTH SERVICES, AND NURSING CARE ARE ALL ON ONE CAMPUS WHERE RESIDENTS CAN RECEIVE THE HEALTH CARE THEY MAY NEED TODAY OR IN THE FUTURE. ADDITIONALLY, RESIDENTS ARE OFFERED OPPORTUNITES FOR PHYSICAL ACTIVITY, SOCIAL INTERACTION, CREATIVE EXPRESSION, INTELLECTUAL ADVANCEMENT, SPIRITUAL EXPRESSION, VOLUNTEERING, AND CHARITABLE GIVING. FOR THE YEAR ENDED DECEMBER 31, 2023, WALKER METHODIST PLACE HAD AN OCCUPANCY RATE OF 74.19%.

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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 $29,689

Program Service Revenue $4,596,032

Investment Income $141,225

Other Revenue $309,191

TOTAL REVENUE $5,076,137

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,965,330

Fundraising Expenses $0

Program Expenses $3,554,305

Other Expenses $2,470,000

TOTAL EXPENSES $4,435,330

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,076,137	$4,151,551	+0.2%
Expenses	$4,435,330	$4,175,875	+0.1%
Net Income	$640,807	$-24,324	-27.3%

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

917

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

$764,161

Total Directors

Key Employees

$760,754

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL HANSON	CHAIR	0.02	Director	$0	$0	$0
MICK FINN	VICE CHAIR	0.03	Director	$0	$0	$0
LYNN SWON	TREASURER	0.03	Director	$0	$0	$0
FRED SEMMER	SECRETARY	0.03	Director	$0	$0	$0
JIM BALLENTINE	DIRECTOR	0.03	Director	$0	$0	$0
SUE BERGSTROM	DIRECTOR	0.03	Director	$0	$0	$0
BOB HAKES	DIRECTOR	0.03	Director	$0	$0	$0
CAROL KRAFT	DIRECTOR	0.03	Director	$0	$0	$0
KATE LEE	DIRECTOR	0.03	Director	$0	$0	$0
SCOTT REDDEN	DIRECTOR	0.03	Director	$0	$0	$0
SCOTT RIDDLE	PRESIDENT/CEO	4.20	Officer	$0	$21,688	$472,501
RUSS GRUNDHAUSER	CFO	4.20	Officer	$0	$29,743	$291,660
VERONICA BARNAS	VP OF HR	4.20	Key Emp	$0	$12,567	$199,127
BEVERLY RANSFORD	VP OF QUALITY	4.20	Key Emp	$0	$3,159	$193,746
STEPHEN WILSON	VP OF OPERATIONS	4.20	Key Emp	$0	$10,429	$189,776
BRENDA SCHRUPP	VP OF QUALITY AND CORP COMPLIANCE	4.20	Key Emp	$0	$10,420	$178,105
ERNEST BISHOP	DIR OF HEALTH SERV	50.00	Highest	$120,433	$10,198	$130,631
JACLYN DUREN	EXEC DIR OF HSG SITE	50.00	Highest	$103,003	$2,572	$105,575
CATHERIN J GALA	RESIDENT ASSISTANT	50.00	Highest	$105,002	$2,313	$107,315

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	$5,076,137	$4,435,330	$12,254,170	$640,807
2022	$4,151,551	$4,175,875	$20,321,625	$-24,324
2021	$4,692,547	$4,420,356	$19,584,865	$272,191
2020	$4,702,014	$4,291,910	$18,420,822	$410,104
2019	$4,775,946	$4,449,864	$18,439,660	$326,082
2018	$4,463,375	$4,259,774	$18,363,032	$203,601