WALKER RESIDENCE INC

EIN: 411443583 501(c)(3)

MINNETONKA, MN

Total Revenue
$5,076,137
Total Expenses
$4,435,330
Total Assets
$12,254,170
Net Assets
$-5,011,141
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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
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

PROVIDING SENIOR LIVING IN A 122-UNIT CONTINUING CARE RETIREMENT COMMUNITY IN MINNEAPOLIS, MN.

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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 (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

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Governance

Voting Members
10
Independent Members
10
Employees
917
Volunteers
11

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
2
$764,161
Total Directors
10
$0
Key Employees
4
$760,754
Highest Compensated
3
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
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