EVANS PARK INC (EIN 411542976) - 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

TERESA LARSON

Phone

7632414445

Tax Period

2023-10-01 to 2024-09-30

EVANS PARK INC, founded in 1985, is a mid-sized nonprofit that reported $22.1M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

PROVISION OF HOUSING AND SERVICES FOR ELDERLY AND HANDICAPPED PEOPLE THROUGH THE OPERATION OF A 36-UNIT APARTMENT COMPLEX, A 90-UNIT ASSISTED LIVING FACILITY IN ELK RIVER, A 63-UNIT ASSISTED LIVING IN ALBERTVILLE, AND A 142-UNIT BUILDING IN OTSEGO. THE FACILITIES ARE SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF THE RESIDENTS AND TO CONTRIBUTE TO THEIR HEALTH, SECURITY AND HAPPINESS.

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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 $18,994

Program Service Revenue $21,477,795

Investment Income $269,692

Other Revenue $347,804

TOTAL REVENUE $22,114,285

Expense Breakdown

Grants Paid $2,650,000

Salaries & Benefits $10,238,110

Fundraising Expenses $0

Program Expenses $18,846,239

Other Expenses $9,323,243

TOTAL EXPENSES $22,211,353

Year-over-Year Comparison

	2023	2022	Change
Revenue	$22,114,285	$19,831,175	+0.1%
Expenses	$22,211,353	$21,103,907	+0.1%
Net Income	$-97,068	$-1,272,732	-0.9%

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

N/A

Volunteers

115

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

$673,946

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TRACI LARSON	PRESIDENT/CEO	1.00	Officer	$0	$18,462	$385,145
TROY HANSON	CFO	1.00	Officer	$0	$33,865	$288,801
LINDA M KRIEGER	CHAIR	1.00	Officer 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
DARYL HERRMANN	DIRECTOR (THRU DEC 2023)	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

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	$22,114,285	$22,211,353	$37,971,118	$-97,068
2023	$19,831,175	$21,103,907	$39,163,143	$-1,272,732
2022	$17,184,966	$17,003,906	$41,311,566	$181,060
2021	$16,308,522	$15,570,838	$42,762,027	$737,684
2020	$15,788,521	$15,302,351	$45,227,189	$486,170
2019	$12,654,321	$13,269,793	$47,846,917	$-615,472
2018	$8,956,307	$8,587,236	$51,308,889	$369,071

EVANS PARK INC