GUARDIAN ANGELS OF ELK RIVER INC

EIN: 411459252 501(c)(3)

ELK RIVER, MN

Total Revenue
$8,828,595
Total Expenses
$4,436,299
Total Assets
$30,646,066
Net Assets
$27,251,082
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Financial Trends

Organization Details

Formation Year
1984
Legal Domicile
MN
Principal Officer
TERESA LARSON
Phone
7632414445
Tax Period
2023-10-01 to 2024-09-30

GUARDIAN ANGELS OF ELK RIVER INC, founded in 1984, is a community nonprofit that reported $8.8M in total revenue in fiscal year 2023. The organization ran a surplus of $4.4M, a strong 50% operating margin.

Mission

PROMOTION AND ADMINISTRATION OF EVANS PARK, INC.; ANGEL RIDGE, INC.; GUARDIAN ANGELS HOMES, INC.; PINE CONE MANOR, INC.; AND GUARDIAN ANGELS HEALTH SERVICES, INC. - ORGANIZATIONS THAT PROVIDE HOUSING AND NURSING SERVICES TO THE ELDERLY AND HANDICAPPED AND ARE EXEMPT UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE.

Program Service Accomplishments

Program 1
Expenses: $2,842,123 Revenue: $3,514,651

PROMOTION AND ADMINISTRATION OF EVANS PARK, INC.; ANGEL RIDGE, INC.; GUARDIAN ANGELS HOMES, INC.; PINE CONE MANOR, INC.; AND GUARDIAN ANGELS HEALTH SERVICES, INC. - ORGANIZATIONS THAT PROVIDE HOUSING...

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PROMOTION AND ADMINISTRATION OF EVANS PARK, INC.; ANGEL RIDGE, INC.; GUARDIAN ANGELS HOMES, INC.; PINE CONE MANOR, INC.; AND GUARDIAN ANGELS HEALTH SERVICES, INC. - ORGANIZATIONS THAT PROVIDE HOUSING AND NURSING SERVICES TO THE ELDERLY AND HANDICAPPED AND ARE EXEMPT UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE.

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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 $4,306,564
Program Service Revenue $3,873,517
Investment Income $629,075
Other Revenue $19,439
TOTAL REVENUE $8,828,595

Expense Breakdown

Grants Paid $39,613
Salaries & Benefits $2,462,715
Fundraising Expenses $0
Program Expenses $2,842,123
Other Expenses $1,933,971
TOTAL EXPENSES $4,436,299

Year-over-Year Comparison

2023 2022 Change
Revenue $8,828,595 $8,533,139 +0.0%
Expenses $4,436,299 $3,143,995 +0.4%
Net Income $4,392,296 $5,389,144 -0.2%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
440
Volunteers
58

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
5
$673,946
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LINDA M KRIEGER CHAIR 1.00
Officer Director
$0 $0 $0
DARYL HERRMANN DIRECTOR (THRU DEC 2023) 1.00
Director
$0 $0 $0
JOYCE LECLAIRE VICE CHAIR 1.00
Officer Director
$0 $0 $0
LYNN SCHULER SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
DUSTIN CAMPBELL DIRECTOR 1.00
Director
$0 $0 $0
BILL HUDSON DIRECTOR 1.00
Director
$0 $0 $0
TRISHA MOWRY DIRECTOR 1.00
Director
$0 $0 $0
JOANIE NICHOLS DIRECTOR 1.00
Director
$0 $0 $0
EMILY SCHROEDER DIRECTOR 1.00
Director
$0 $0 $0
ARLO SCHULTZ DIRECTOR (THRU DEC 2023) 1.00
Director
$0 $0 $0
GORDY VETSCH DIRECTOR 1.00
Director
$0 $0 $0
GAIL WEBER DIRECTOR 1.00
Director
$0 $0 $0
NICK ZERWAS DIRECTOR 1.00
Director
$0 $0 $0
TRACI LARSON PRESIDENT/CEO 35.00
Officer
$366,683 $18,462 $385,145
TROY HANSON CFO 35.00
Officer
$254,936 $33,865 $288,801
NICOLE NOVOTNY CHIEF PEOPLE OFFICER 35.00
Highest
$237,525 $32,917 $270,442
TROY MARSCHEL CONTROLLER 35.00
Highest
$154,656 $29,566 $184,222
LYNN GERARD DIRECTOR OF QUALITY 40.00
Highest
$140,333 $29,146 $169,479
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 $8,828,595 $4,436,299 $30,646,066 $4,392,296
2023 $8,533,139 $3,143,995 $24,575,430 $5,389,144
2022 $3,341,443 $3,561,429 $19,040,878 $-219,986
2021 $4,444,472 $2,689,707 $19,468,009 $1,754,765
2020 $3,333,347 $2,510,120 $18,964,040 $823,227
2019 $3,004,299 $2,656,135 $14,090,447 $348,164
2018 $5,342,464 $6,123,873 $13,292,535 $-781,409
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