MOUNT OLIVET DAY SERVICES (EIN 411785649) - 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

1994

Legal Domicile

Principal Officer

TIMOTHY HOKANSON

Phone

6128275677

Tax Period

2023-01-01 to 2023-12-31

MOUNT OLIVET DAY SERVICES, founded in 1994, is a small nonprofit in the Housing & Shelter sector that reported $577K in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Expenses of $706K exceeded revenue, resulting in a 22% operating deficit.

Mission

TO PROVIDE HIGH QUALITY CARE FOR SENIORS WHILE PROMOTING RESPECT AND UNDERSTANDING.

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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 $33,745

Program Service Revenue $537,203

Investment Income $6,398

Other Revenue $0

TOTAL REVENUE $577,346

Expense Breakdown

Grants Paid $0

Salaries & Benefits $458,204

Fundraising Expenses $0

Program Expenses $646,502

Other Expenses $247,923

TOTAL EXPENSES $706,127

Year-over-Year Comparison

	2023	2022	Change
Revenue	$577,346	$883,403	-0.3%
Expenses	$706,127	$1,048,223	-0.3%
Net Income	$-128,781	$-164,820	-0.2%

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

$498,626

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KURT HALVA	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHRISTINE BENT	VICE PRESIDENT	0.30	Officer Director	$0	$0	$0
GORDON VETSCH	TREASURER	0.30	Officer Director	$0	$0	$0
RUTH JARCHO	SECRETARY	0.30	Officer Director	$0	$0	$0
MARTHA ARNESON	DIRECTOR	0.30	Director	$0	$0	$0
MARK BEESE	DIRECTOR	0.30	Director	$0	$0	$0
DAVID CARLSON	DIRECTOR	0.30	Director	$0	$0	$0
EILEEN CARTWRIGHT	DIRECTOR	0.30	Director	$0	$0	$0
JOHN KUEHN	DIRECTOR	0.30	Director	$0	$0	$0
DAVID LOSE	DIRECTOR	0.30	Director	$0	$0	$0
TRUDY OLSON	DIRECTOR	0.30	Director	$0	$0	$0
GREG PAGE	DIRECTOR	0.30	Director	$0	$0	$0
WILLIAM TELLEEN	DIRECTOR	0.30	Director	$0	$0	$0
PETER YOUNGDAHL	DIRECTOR	0.30	Director	$0	$0	$0
TIMOTHY HOKANSON	ADMINISTRATOR	1.00	Officer	$0	$61,525	$323,732
SHARON FLACK	CONTROLLER	1.00	Officer	$0	$18,510	$174,894

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	$577,346	$706,127	$1,651,697	$-128,781
2022	$883,403	$1,048,223	$1,353,302	$-164,820
2021	$1,613,357	$1,401,285	$1,605,264	$212,072
2020	$1,110,477	$1,265,200	$1,659,909	$-154,723
2019	$1,793,987	$1,835,482	$1,721,161	$-41,495
2018	$1,899,901	$1,780,394	$1,804,422	$119,507

MOUNT OLIVET DAY SERVICES