WALKER SENIOR HOUSING CORPORATION III

EIN: 411633928 501(c)(3) Housing & Shelter

MINNETONKA, MN

Total Revenue
$3,306,421
Total Expenses
$2,876,152
Total Assets
$7,682,330
Net Assets
$-2,432,975
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
MN
Principal Officer
SCOTT RIDDLE
Phone
6128278400
Tax Period
2023-01-01 to 2023-12-31

WALKER SENIOR HOUSING CORPORATION III, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2023. Expenses of $2.9M left a modest 13% surplus.

Mission

PROVIDING SENIOR LIVING WITH SERVICES AND ASSISTED LIVING IN A 103-UNIT COMMUNITY IN ANOKA, MN.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,148
Program Service Revenue $3,202,254
Investment Income $28,028
Other Revenue $72,991
TOTAL REVENUE $3,306,421

Expense Breakdown

Grants Paid $0
Salaries & Benefits $992,234
Fundraising Expenses $0
Program Expenses $2,278,586
Other Expenses $1,883,918
TOTAL EXPENSES $2,876,152

Year-over-Year Comparison

2023 2022 Change
Revenue $3,306,421 $3,250,660 +0.0%
Expenses $2,876,152 $2,768,607 +0.0%
Net Income $430,269 $482,053 -0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
$764,161
Total Directors
10
$0
Key Employees
4
$760,754
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHIL HANSON CHAIR 0.02
Director
$0 $0 $0
MICK FINN VICE CHAIR 0.03
Director
$0 $0 $0
LYNN SWON TREASURER 0.03
Director
$0 $0 $0
FRED SEMMER SECRETARY 0.03
Director
$0 $0 $0
JIM BALLENTINE DIRECTOR 0.03
Director
$0 $0 $0
SUE BERGSTROM DIRECTOR 0.03
Director
$0 $0 $0
BOB HAKES DIRECTOR 0.03
Director
$0 $0 $0
CAROL KRAFT DIRECTOR 0.03
Director
$0 $0 $0
KATE LEE DIRECTOR 0.03
Director
$0 $0 $0
SCOTT REDDEN DIRECTOR 0.03
Director
$0 $0 $0
SCOTT RIDDLE PRESIDENT/CEO 4.20
Officer
$0 $21,688 $472,501
RUSS GRUNDHAUSER CFO 4.20
Officer
$0 $29,743 $291,660
BARNAS VERONICA VP OF HR 4.20
Key Emp
$0 $12,567 $199,127
RANSFORD BEVERLY VP OF QUALITY 4.20
Key Emp
$0 $3,159 $193,746
WILSON STEPHEN VP OF OPERATIONS 4.20
Key Emp
$0 $10,429 $189,776
SCHRUPP BRENDA VP OF QUALITY AND CORP COMPLIANCE 4.20
Key Emp
$0 $10,420 $178,105
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 $3,306,421 $2,876,152 $7,682,330 $430,269
2022 $3,250,660 $2,768,607 $7,557,562 $482,053
2021 $3,210,004 $2,654,098 $6,942,872 $555,906
2020 $2,885,915 $2,452,901 $6,388,199 $433,014
2019 $2,807,126 $2,551,787 $6,249,588 $255,339
2018 $2,693,070 $2,511,797 $5,844,918 $181,273
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare WALKER SENIOR HOUSING CORPORATION III with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.