ELIM HOMES INC (EIN 411539761) - 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

1985

Legal Domicile

Principal Officer

ROBERT DAHL

Phone

9528555000

Tax Period

2023-01-01 to 2023-12-31

ELIM HOMES INC, founded in 1985, is a mid-sized nonprofit that reported $48.9M in total revenue in fiscal year 2023. Revenue surged 38% from the prior year, signaling strong growth momentum. Expenses of $45.2M left a modest 8% surplus.

Mission

TO PROVIDE HEALTH CARE, HOUSING, AND SERVICES FOR THE ELDERLY.

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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 $266,327

Program Service Revenue $45,709,891

Investment Income $1,035,210

Other Revenue $1,865,831

TOTAL REVENUE $48,877,259

Expense Breakdown

Grants Paid $73,147

Salaries & Benefits $33,713,434

Fundraising Expenses $0

Program Expenses $38,882,762

Other Expenses $11,382,797

TOTAL EXPENSES $45,169,378

Year-over-Year Comparison

	2023	2022	Change
Revenue	$48,877,259	$35,374,486	+0.4%
Expenses	$45,169,378	$46,849,009	0.0%
Net Income	$3,707,881	$-11,474,523	-1.3%

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

Governance

Voting Members

Independent Members

Employees

959

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

$2,578,269

Total Directors

Key Employees

$477,918

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DAHL	PRESIDENT/CEO	4.72	Officer	$0	$108,350	$728,206
JEFFREY DAGEN	VICE PRESIDENT THERAPY SERVICES	40	Key Emp	$391,623	$86,295	$477,918
MATTHEW KERN	CHIEF OPERATING OFFICER	4.72	Officer	$0	$109,481	$442,057
KATHY YOUNGQUIST	CHIEF FINANCIAL OFFICER	4.72	Officer	$0	$79,279	$416,436
KATHY KOPP	CHIEF STRATEGIC OFFICER	4.72	Officer	$0	$88,142	$368,733
ANGELA BROWN	CHIEF HUMAN RESOURCE OFFICER	4.72	Officer	$0	$68,177	$313,835
SHARON WILSON	CHIEF CLINICAL AND COMPLIANCE OFFICER	4.72	Officer	$0	$48,520	$309,002
LAURA BROBERG	ADMINISTRATOR	40	Highest	$147,794	$36,363	$184,157
RENEE MUHONEN	ADMINISTRATOR	40	Highest	$164,262	$10,180	$174,442
PATRICIA ZAHLER	BUSINESS OFFICE MANAGER	40	Highest	$149,405	$21,392	$170,797
PAUL METZLER	ADMINISTRATOR	40	Highest	$147,599	$20,713	$168,312
DERRICK FITTERER	THERAPIST	40	Highest	$128,039	$12,849	$140,888
NIKKI WEBER DANIELS	CHAIRPERSON AND DIRECTOR	0.25	Officer Director	$0	$0	$0
PAT NUSS	VICE CHAIRPERSON AND DIRECTOR	0.25	Officer Director	$0	$0	$0
PAUL ANDERSON	SECRETARY/TREASURER AND DIRECTOR	0.25	Officer Director	$0	$0	$0
MICHAEL ADERINKOMI	DIRECTOR	0.25	Director	$0	$0	$0
LORES VLAMINCK	DIRECTOR	0.25	Director	$0	$0	$0
STANN LEFF	CHAIRPERSON AND DIRECTOR (THRU MARCH)	0.25	Officer Director	$0	$0	$0
DOCTOR GUY TANGEDAHL	DIRECTOR (THRU JUNE)	0.25	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	$48,877,259	$45,169,378	$46,080,722	$3,707,881
2022	$35,374,486	$46,849,009	$44,927,513	$-11,474,523
2021	$36,791,332	$34,122,517	$49,132,741	$2,668,815
2020	$50,098,615	$35,939,347	$43,396,280	$14,159,268
2019	$50,106,728	$49,242,665	$34,995,545	$864,063
2018	$47,842,466	$45,375,308	$34,223,119	$2,467,158

ELIM HOMES INC