WALKER ASSISTED LIVING CORPORATION I

EIN: 411673628 501(c)(3) Housing & Shelter

MINNETONKA, MN

Total Revenue
$6,907,945
Total Expenses
$6,992,092
Total Assets
$5,853,425
Net Assets
$-1,584,836
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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
1990
Legal Domicile
MN
Principal Officer
SCOTT RIDDLE
Phone
6128278400
Tax Period
2023-01-01 to 2023-12-31

WALKER ASSISTED LIVING CORPORATION I, founded in 1990, is a community nonprofit in the Housing & Shelter sector that reported $6.9M in total revenue in fiscal year 2023.

Mission

PROVIDING ASSISTED LIVING SERVICES FOR SENIORS IN A 72-UNIT BUILDING LOCATED IN EDINA, MN.

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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 $7,326
Program Service Revenue $6,786,056
Investment Income $19,561
Other Revenue $95,002
TOTAL REVENUE $6,907,945

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,042,350
Fundraising Expenses $0
Program Expenses $5,943,294
Other Expenses $1,949,742
TOTAL EXPENSES $6,992,092

Year-over-Year Comparison

2023 2022 Change
Revenue $6,907,945 $6,669,505 +0.0%
Expenses $6,992,092 $6,700,527 +0.0%
Net Income $-84,147 $-31,022 +1.7%
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
10
Independent Members
10
Employees
24
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 50.00
Key Emp
$0 $12,567 $199,127
RANSFORD BEVERLY VP OF QUALITY 50.00
Key Emp
$0 $3,159 $193,746
WILSON STEPHEN VP OF OPERATIONS 50.00
Key Emp
$0 $10,429 $189,776
SCHRUPP BRENDA VP OF QUALITY AND CORP COMPLIANCE 50.00
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 $6,907,945 $6,992,092 $5,853,425 $-84,147
2022 $6,669,505 $6,700,527 $6,476,289 $-31,022
2021 $6,359,190 $6,167,809 $6,334,685 $191,381
2020 $5,842,136 $5,881,518 $6,695,003 $-39,382
2019 $5,863,491 $5,482,573 $6,132,605 $380,918
2018 $5,411,631 $5,270,788 $5,729,161 $140,843
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