CENTENNIAL SQUARE C/O SUNRISE VILLAGE

EIN: 411804213 501(c)(3) Housing & Shelter

WILLMAR, MN

Total Revenue
$205,553
Total Expenses
$244,563
Total Assets
$1,186,621
Net Assets
$1,166,254
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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
1996
Legal Domicile
MN
Principal Officer
MICHELLE HAEFNER
Phone
3202359532
Tax Period
2023-10-01 to 2024-09-30

CENTENNIAL SQUARE C/O SUNRISE VILLAGE, founded in 1996, is a small nonprofit in the Housing & Shelter sector that reported $206K in total revenue in fiscal year 2023. Revenue fell 43% from the prior year — a significant decline worth monitoring. Expenses of $245K exceeded revenue, resulting in a 19% operating deficit.

Mission

CENTENNIAL SQUARE PROVIDES ELDERLY AND HANDICAPPED HOUSING SERVICES.

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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 $0
Program Service Revenue $204,532
Investment Income $1,021
Other Revenue $0
TOTAL REVENUE $205,553

Expense Breakdown

Grants Paid $0
Salaries & Benefits $39,179
Fundraising Expenses $0
Program Expenses $151,483
Other Expenses $205,384
TOTAL EXPENSES $244,563

Year-over-Year Comparison

2023 2022 Change
Revenue $205,553 $363,314 -0.4%
Expenses $244,563 $253,404 0.0%
Net Income $-39,010 $109,910 -1.4%
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
12
Independent Members
12
Employees
N/A
Volunteers
12

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
9
$798,568
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MYRON BEHM VICE CHAIR 0.10
Officer Director
$0 $0 $0
SHERRI POOL SECRETARY 0.10
Officer Director
$0 $0 $0
ROGER AHRENHOLZ CHAIR 0.10
Officer Director
$0 $0 $0
LUTHER DYKEMA TREASURER 0.10
Officer Director
$0 $0 $0
JULIE KVEENE DIRECTOR 0.10
Director
$0 $0 $0
KAREN TUSHA MOHLIN DIRECTOR 0.10
Director
$0 $0 $0
PASTOR DEAN JOHNSON DIRECTOR 0.10
Director
$0 $0 $0
DAVID GEHANT DIRECTOR 0.10
Director
$0 $0 $0
MICHAEL GILSON DIRECTOR 0.10
Director
$0 $0 $0
JOAN BLONIGAN CHRISTIANSON DIRECTOR 0.10
Director
$0 $0 $0
CHERYL JOHNSON DIRECTOR 0.10
Director
$0 $0 $0
DR BETTY STREHLOW DIRECTOR 0.10
Director
$0 $0 $0
MICHELLE HAEFNER CEO 8.00
Officer
$0 $42,961 $362,825
TAMALA GJERDE FINANCE DIRECTOR 8.00
Officer
$0 $28,301 $119,929
ASHLEY BORMANN COO 8.00
Officer
$0 $1,900 $13,695
TROY PEDERSON VP OF SENIOR HOUSING 8.00
Officer
$0 $3,431 $134,531
SAM QUAM ADMINISTRATOR/VP OF OPERATIONS 8.00
Officer
$0 $35,990 $167,588
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 $205,553 $244,563 $1,186,621 $-39,010
2023 $363,314 $253,404 $1,223,947 $109,910
2022 $198,291 $229,883 $1,157,260 $-31,592
2021 $199,969 $217,520 $1,145,322 $-17,551
2020 $196,274 $238,112 $1,176,520 $-41,838
2019 $195,180 $227,081 $1,204,492 $-31,901
2018 $194,894 $238,406 $1,257,685 $-43,512
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