HEALTH RESOURCES LIFECARE CENTER (EIN 411461232) - Form 990 Financial Analysis & Trantor Score

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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

1983

Legal Domicile

Principal Officer

ERIN TYSVER

Phone

2187366050

Tax Period

2023-01-01 to 2023-12-31

HEALTH RESOURCES LIFECARE CENTER, founded in 1983, is a small nonprofit that reported $536K in total revenue in fiscal year 2023. Revenue decreased 6% compared to the prior year. Expenses of $491K left a modest 8% surplus.

Mission

We offer one-on-one mentorship and resources in the areas of parenting, pregnancy, life coaching, and sexual health through educational classes, ultrasound, and std testing.

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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 $542,551

Program Service Revenue $0

Investment Income $4,520

Other Revenue $-11,385

TOTAL REVENUE $535,686

Expense Breakdown

Grants Paid $30,000

Salaries & Benefits $340,223

Fundraising Expenses $0

Program Expenses $296,642

Other Expenses $120,988

TOTAL EXPENSES $491,211

Year-over-Year Comparison

	2023	2022	Change
Revenue	$535,686	$568,185	-0.1%
Expenses	$491,211	$484,954	+0.0%
Net Income	$44,475	$83,231	-0.5%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ERIN TYSVER	DIRECTOR- FERGUS FALLS	32.00		$57,608	$0	$57,608
BRITTON RAMSEY	DIRECTOR- DETROIT LAKES	32.00		$44,841	$0	$44,841
ERIC RASMUSSEN	Chairman	1.00	Officer Director	$0	$0	$0
RICH IVERSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
MATTHEW HOLMQUIST	Treasurer	1.00	Officer Director	$0	$0	$0
MATT OLSEN	Secretary	1.00	Officer Director	$0	$0	$0
JEFF LEIGHTON	MEMBER	1.00	Director	$0	$0	$0
MICHELLE OKESON	MEMBER	1.00	Director	$0	$0	$0
RONICA WAHL	MEMBER	1.00	Director	$0	$0	$0

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	$535,686	$491,211	$814,579	$44,475
2022	$568,185	$484,954	$770,074	$83,231
2021	$483,422	$420,072	$687,225	$63,350
2020	$532,621	$374,396	$628,549	$158,225

HEALTH RESOURCES LIFECARE CENTER