TWEETEN LUTHERAN HEALTH CARE CENTE… - Form 990 Financial Data

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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

1964

Legal Domicile

Principal Officer

BRENDA MOSER

Phone

5074983211

Tax Period

2023-10-01 to 2024-09-30

TWEETEN LUTHERAN HEALTH CARE CENTER INC, founded in 1964, is a community nonprofit in the Health Care sector that reported $4.8M in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. Expenses of $5.5M exceeded revenue, resulting in a 14% operating deficit.

Mission

TWEETEN LUTHERAN HEALTH CARE IS A FAMILY THAT INCLUDES RESIDENTS, CAREGIVERS, VOLUNTEERS, FAMILY MEMBERS & FRIENDS. EACH MEMBER OF THE FAMILY BRINGS THEIR KNOWLEDGE AND TALENTS TO THE HOUSEHOLD FOR THE BENEFIT OF ALL. WITH RESPECT FOR EACH INDIVIDUAL, WE SUPPORT OTHERS AND HELP RESIDENTS TO REACH THEIR HIGHEST POTENTIAL PHYSICALLY, EMOTIONALLY, AND SPIRITUALLY. WE DO THIS BY EMBRACING THE VALUES OF HONESTY, INTEGRITY, RESPECT, AND DIGNITY FOR OTHERS.

Program Service Accomplishments

Program 1

Expenses: $3,869,847 Revenue: $4,729,033

THE ORGANIZATION PROVIDES HOUSING AND NURSING CARE TO THE ELDERLY BY OPERATING A 50-BED NURSING FACILITY IN SPRING GROVE, MN. DURING FY24, THERE WERE 10,958 RESIDENT DAYS.

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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 $8,051

Program Service Revenue $4,729,033

Investment Income $86,950

Other Revenue $571

TOTAL REVENUE $4,824,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,928,622

Fundraising Expenses $0

Program Expenses $3,869,847

Other Expenses $1,557,095

TOTAL EXPENSES $5,485,717

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,824,605	$3,476,585	+0.4%
Expenses	$5,485,717	$3,416,813	+0.6%
Net Income	$-661,112	$59,772	-12.1%

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

$2,857,326

Total Directors

$828,987

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
VICKI BAKALARS	PRESIDENT	2.00	Officer Director	$0	$46,248	$197,651
CHUCK JOHNSON	VICE PRESIDENT/SEC./TREAS.	2.00	Officer Director	$0	$49,570	$200,528
JEN BERENDES	DIRECTOR (THRU 12/2023)	2.00	Director	$0	$38,432	$149,522
BRUCE HEGGE	DIRECTOR	2.00	Director	$0	$0	$0
ELIZABETH HERMIER	DIRECTOR (THRU 06/2024)	2.00	Director	$0	$0	$0
JAN KRAABEL	DIRECTOR (THRU 12/2023)	2.00	Director	$0	$0	$0
SARAH MELDE	DIRECTOR	2.00	Director	$0	$31,941	$121,912
JAN MORKEN	DIRECTOR (THRU 09/2024)	2.00	Director	$0	$0	$0
MANDI PERICAK	DIRECTOR	2.00	Director	$0	$40,172	$159,374
BRENDA MOSER	FINANCE ADMINISTRATOR	4.00	Officer	$0	$51,157	$228,179
MICHELLE BORRESON	ADMINISTRATOR (THRU 03/2024)	25.00	Officer	$0	$56,645	$184,702
THOMAS WOAHLOE	INTERIM ADMINISTRATOR (BEG. 03/2024)	25.00	Officer	$0	$0	$0
SCOTT RATHGABER	CEO-BGHS	2.00	Officer	$0	$68,728	$1,712,949
STEVE LITTLE	CFO-BGHS (THRU 02/2024)	2.00	Officer	$0	$0	$333,317
JOHN CEELEN	CFO-BGHS (BEG. 02/2024)	2.00	Officer	$0	$0	$0
KAREN MILLER	CERT. RESIDENT ASSESSMENT CORD.	40.00	Highest	$116,633	$16,835	$133,468
GERALD OETZEL	FORMER CFO-BGHS	0.00		$0	$18,108	$573,176

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	$4,824,605	$5,485,717	$4,059,155	$-661,112
2023	$3,476,585	$3,416,813	$4,529,444	$59,772
2022	$3,806,764	$4,024,846	$4,181,066	$-218,082
2021	$3,459,837	$3,829,084	$4,355,606	$-369,247
2020	$4,703,223	$4,477,853	$4,994,671	$225,370
2019	$4,204,762	$4,178,373	$4,573,920	$26,389
2018	$4,314,955	$3,948,567	$4,546,989	$366,388

TWEETEN LUTHERAN HEALTH CARE CENTER INC