ELDERS LODGE CORPORATION

EIN: 411802237 501(c)(3) Housing & Shelter

ST PAUL, MN

Total Revenue
$82,152
Total Expenses
$124,464
Total Assets
$2,074,259
Net Assets
$-1,555,004
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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
1995
Legal Domicile
MN
Principal Officer
PAM GOKEY
Phone
6122906107
Tax Period
2024-01-01 to 2024-12-31

ELDERS LODGE CORPORATION, founded in 1995, is a micro nonprofit in the Housing & Shelter sector that reported $82K in total revenue in fiscal year 2024. Revenue fell 83% from the prior year — a significant decline worth monitoring. Expenses of $124K exceeded revenue, resulting in a 52% operating deficit.

Mission

PROVIDE SUBSIDIZED APARTMENT HOUSING TO LOW INCOME SENIORS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $82,152
Investment Income $0
Other Revenue $0
TOTAL REVENUE $82,152

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,550
Fundraising Expenses $0
Program Expenses $94,971
Other Expenses $118,914
TOTAL EXPENSES $124,464

Year-over-Year Comparison

2024 2023 Change
Revenue $82,152 $474,668 -0.8%
Expenses $124,464 $574,823 -0.8%
Net Income $-42,312 $-100,155 -0.6%
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
7
Independent Members
7
Employees
N/A
Volunteers
40

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
3
$0
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUZANNE NASH PRESIDENT 1.00
Officer Director
$0 $0 $0
IVY RASMUSSON VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PAM GOKEY SECRETARY/TREASURER 1.00
Officer Director
$0 $0 $0
SARAH ANDERSON DIRECTOR 1.00
Director
$0 $0 $0
NELDA GOODMAN DIRECTOR 1.00
Director
$0 $0 $0
CAROL HERNANDEZ DIRECTOR 1.00
Director
$0 $0 $0
REBECCA NELSON 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 $82,152 $124,464 $2,074,259 $-42,312
2023 $474,668 $574,823 $2,084,643 $-100,155
2022 $441,335 $594,235 $2,152,950 $-152,900
2021 $454,497 $531,719 $2,296,762 $-77,222
2020 $432,399 $492,592 $2,374,844 $-60,193
2019 $446,077 $519,009 $2,440,266 $-72,932
2018 $448,134 $498,635 $2,507,635 $-50,501
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