SHOREVIEW SENIOR RESIDENCE DBA SCA… - Form 990 Financial Data

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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

Principal Officer

MARK MEYER

Phone

6128612799

Tax Period

2023-10-01 to 2024-09-30

SHOREVIEW SENIOR RESIDENCE DBA SCANDIA SHORES, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $1.8M in total revenue in fiscal year 2023. Revenue fell 24% from the prior year — a significant decline worth monitoring.

Mission

CARE FOR THE ELDERLY

Program Service Accomplishments

Program 1

Expenses: $1,432,393 Revenue: $1,753,404

SHOREVIEW SENIOR RESIDENCE PROVIDES HOUSING WITH SERVICES TO PERSONS AGE 55 AND OLDER. SERVICES THAT ARE PROVIDED FREE OF CHARGE INCLUDE AN ACTIVITIES PROGRAM, A FITNESS PROGRAM, TRANSPORTATION TO...

SHOREVIEW SENIOR RESIDENCE PROVIDES HOUSING WITH SERVICES TO PERSONS AGE 55 AND OLDER. SERVICES THAT ARE PROVIDED FREE OF CHARGE INCLUDE AN ACTIVITIES PROGRAM, A FITNESS PROGRAM, TRANSPORTATION TO MEDICAL APPOINTMENTS, OUTINGS AND SHOPPING, A PASTORAL NURSE, STAFFING 24/7 AND CHAPLAINCY. SERVICES THAT ARE AVAILABLE IN INDEPENDENT LIVING AT AN ADDITIONAL COST INCLUDE MEALS, BEAUTY/BARBER SHOP, A GUEST SUITE, AND UNDERGROUND HEATED PARKING. THERE ARE ALSO TWO LAUNDRY ROOMS ON EACH FLOOR.

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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 $0

Program Service Revenue $1,748,505

Investment Income $4,899

Other Revenue $0

TOTAL REVENUE $1,753,404

Expense Breakdown

Grants Paid $0

Salaries & Benefits $381,446

Fundraising Expenses $0

Program Expenses $1,432,393

Other Expenses $1,373,037

TOTAL EXPENSES $1,754,483

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,753,404	$2,322,221	-0.2%
Expenses	$1,754,483	$1,960,902	-0.1%
Net Income	$-1,079	$361,319	-1.0%

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENYSE ETHRIDGE	EXECUTIVE DIRECTOR & COO	1.00		$0	$17,610	$198,085
CHRIS SCHMIDT	VP FINANCE	1.00		$0	$14,784	$158,201
DON SABLE	HOUSING DIRECTOR	40.00		$112,370	$0	$112,370
DAN LINDH	President	0.50	Officer Director	$0	$0	$0
MARK MEYER	Treasurer & CFO	0.50	Officer Director	$0	$0	$0
JOHN BERGESON	Secretary	0.50	Officer Director	$0	$0	$0
TAMARA TASCHE	BOARD CHAIR	0.50	Officer Director	$0	$0	$0
DUANE LARSON	BD VICE CHAIR	0.50	Officer 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	$1,753,404	$1,754,483	$3,981,470	$-1,079
2023	$2,322,221	$1,960,902	$4,184,371	$361,319
2022	$2,223,861	$1,935,655	$4,276,009	$288,206
2021	$2,274,275	$2,017,488	$4,163,889	$256,787
2020	$2,193,816	$1,895,327	$4,355,450	$298,489
2019	$2,180,629	$1,898,737	$4,244,865	$281,892
2018	$2,141,642	$1,818,797	$4,268,491	$322,845
2017	$2,273,891	$1,984,097	$4,486,043	$289,794

SHOREVIEW SENIOR RESIDENCE DBA SCANDIA SHORES