PRESBYTERIAN HOMES FOUNDATION

EIN: 411465334 501(c)(3) Human Services

ROSEVILLE, MN

Total Revenue
$18,839,205
Total Expenses
$10,084,913
Total Assets
$102,580,351
Net Assets
$83,424,271
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1982
Legal Domicile
MN
Principal Officer
JONATHAN FLETCHER
Phone
6516316162
Tax Period
2023-10-01 to 2024-09-30

PRESBYTERIAN HOMES FOUNDATION, founded in 1982, is a mid-sized nonprofit in the Human Services sector that reported $18.8M in total revenue in fiscal year 2023. Revenue surged 107% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.8M, a strong 46% operating margin.

Mission

THE MISSION OF PRESBYTERIAN HOMES FOUNDATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.

Program Service Accomplishments

Program 1
Expenses: $10,054,495 Revenue: $0

THE FOUNDATION IS FORMED TO AID, SUPPORT, AND PROMOTE THE 501(C)(3) PURPOSES OF THE PRESBYTERIAN HOMES AND ITS AFFILIATES. SPECIFICALLY, THE FOUNDATION PROVIDED $8,497,595 IN AWARDS TO AFFILIATED...

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THE FOUNDATION IS FORMED TO AID, SUPPORT, AND PROMOTE THE 501(C)(3) PURPOSES OF THE PRESBYTERIAN HOMES AND ITS AFFILIATES. SPECIFICALLY, THE FOUNDATION PROVIDED $8,497,595 IN AWARDS TO AFFILIATED ORGANIZATIONS DURING THE YEAR ENDED SEPTEMBER 30, 2024. THESE AWARDS ARE USED TO PROVIDE HOUSING AND OTHER CARE SERVICES TO THE ELDERLY IN ACCORDANCE WITH THE EXEMPT PURPOSES OF THE RECIPIENT CHARITABLE AFFILIATES.

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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 $8,701,811
Program Service Revenue $0
Investment Income $10,137,394
Other Revenue $0
TOTAL REVENUE $18,839,205

Expense Breakdown

Grants Paid $8,497,595
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $10,054,495
Other Expenses $1,587,318
TOTAL EXPENSES $10,084,913

Year-over-Year Comparison

2023 2022 Change
Revenue $18,839,205 $9,097,701 +1.1%
Expenses $10,084,913 $7,353,429 +0.4%
Net Income $8,754,292 $1,744,272 +4.0%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
N/A

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
3
$1,886,027
Total Directors
3
$1,886,027
Key Employees
1
$408,664
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DANIEL LINDH CEO & BOARD CHAIR 1.00
Officer Director
$0 $26,250 $1,089,847
MARK MEYER CFO & SECRETARY/TREASURER 1.00
Officer Director
$0 $21,645 $500,745
MARK PEDERSON SVP OPERATIONS & VICE CHAI 1.00
Officer Director
$0 $21,854 $295,435
JONATHAN FLETCHER VP OF DEVELOPMENT 1.00
Key Emp
$0 $28,580 $408,664
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 $18,839,205 $10,084,913 $102,580,351 $8,754,292
2023 $9,097,701 $7,353,429 $81,539,619 $1,744,272
2022 $5,256,330 $7,787,500 $76,348,913 $-2,531,170
2021 $19,725,550 $6,876,875 $93,078,808 $12,848,675
2020 $9,363,373 $10,697,120 $80,496,740 $-1,333,747
2019 $9,792,843 $6,499,434 $79,843,815 $3,293,409
2018 $19,186,575 $6,720,619 $76,707,504 $12,465,956
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