Alexandria, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)Vivie Foundation, founded in 1983, is a small nonprofit that reported $507K in total revenue in fiscal year 2024. Revenue surged 142% from the prior year, signaling strong growth momentum. Expenses of $662K exceeded revenue, resulting in a 31% operating deficit.
To enrich, empower and elevate people thorughout life's journey.
The Vivie Foundation supports Vivie and all related entites by securing philanthropic funds to advance our mission of "enriching the lives of everyone we serve." Generous individuals and...
The Vivie Foundation supports Vivie and all related entites by securing philanthropic funds to advance our mission of "enriching the lives of everyone we serve." Generous individuals and organizations have invested in the mission of Vivie. Their contributions help sustain the programs of excellence upon which Vivie flourishes, and provide the necessary funds for pursuing new and innovative care for aging adults Vivie serves throughout our continuum. It is through the tremendous giving of our donors and volunteers that VIvie has been able to provide above-and-beyond enrichment in every aspect of our organization. (Continued on Schedule O)In this last fiscal year, several initiatives that were realized as a result of charitable support include:* Hospice Services: Providing enriching services and essential cares to those who are terminally ill. Examples of enriching services include music therapy, healing touch, massage therapy, and essential oil therapy. Care for their families include bereavement support for 13 months after their loved one passes away on Knute Nelson Hospice services and the option to attend grief groups facilitated by our Hospice spiritual care team. * Certified Nursing Assistant Education: Equipping high school students at the Alexandria Area High School with industry-recognized CNA training and testing. This allows them to receive their Certified Nursing Assistant certification while still in high school and exposes them to the rewarding aspects of a career in health care. * Enhancing and Enriching Equipment: Equipment purchases last fiscal year enhanced the quality of care provided to older adults, as well as enhancing our offerings to our wellness members. Examples include: APM mattresses that reduce pressure ulcers for Care Center residents, popcorn machine for assisted living residents, grief toolboxes for Hospice patients and their families, INR machines so our team can better determine and diagnose any blood clotting issues in Home Health patients, and resistance bands and laminated exercise charts for Wellness. * Resident Activities: Providing special, enriching entertainment opportunities to build community for residents. Examples include performances by local theatre companies, above-and-beyond outings such as a Lake Itasca boat tour our Park Rapids residents took, happy hour, musical entertainers, style shows and more.* Endowment/Unrestricted: Giving to the endowment fund allows Vivie to allocate funds to our greatest mission need. * Chaplaincy and Spiritual Care Program: Supporting residents on their faith journey with essential programming, such as visits from our chaplains, Bible study, Sunday church services in our various Knute Nelson facilities, and coordination between our spiritual care staff and the resident's home church.* Caregiver Scholarships: Funding directed for caregiving staff to pursue their education within the field of health care. This could include CNA certification, LPN, or RN training. It also includes specific certifications such as wound care or lymphedema training. * Equipping Leaders with Scholarships: Supporting all employees with vital learning opportunities and education. Examples of past scholarships include: supporting a leader getting a Master's of Public Health, allowing spiritual care staff to attend bereavement training or pursue higher education in theology, and providing funds for Bachelor's completer programs for corporate staff. * Benevolence Care: We do not turn anyone away for an inability to pay for the care they need. Contributions from our donors help us support those who have outlived their resources and provide them with the highest quality care and services.Walker Methodist Foundation merged into Vivie Foundation during 2024.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $506,894 | $209,144 | +1.4% |
| Expenses | $661,979 | $217,696 | +2.0% |
| Net Income | $-155,085 | $-8,552 | +17.1% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Richard Moen | Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sally Smith | Vice Chair | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Carmon Watkins | Secretary | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Sarah O'Kane | Treasurer | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| Terri Bursch | Director | 1.00 |
Director
|
$0 | $0 | $0 |
| Jeremy Geris | Director (Beg Jul 2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| Carol Kraft | Director (Beg Dec 2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| Mark Anderson | President/CEO | 1.00 |
Officer
|
$0 | $29,924 | $667,572 |
| Marnie Gugisberg | Sr VP/CFO | 1.00 |
Officer
|
$0 | $24,778 | $325,227 |
| Katie Perry | Sr VP/COO | 2.00 |
Officer
|
$0 | $26,902 | $340,685 |
| Emily Geris | Foundation Executive Director | 40.00 |
Officer
|
$0 | $13,205 | $116,147 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $506,894 | $661,979 | $7,498,730 | $-155,085 |
| 2023 | $645,929 | $381,624 | $3,698,079 | $264,305 |
| 2023 | $209,144 | $217,696 | $3,970,374 | $-8,552 |
| 2022 | $612,878 | $493,885 | $3,297,425 | $118,993 |
| 2021 | $429,966 | $406,302 | $3,832,660 | $23,664 |
| 2020 | $462,658 | $395,005 | $3,312,479 | $67,653 |
| 2019 | $586,414 | $557,683 | $3,201,775 | $28,731 |
| 2018 | $795,569 | $804,846 | $3,258,822 | $-9,277 |
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