FERGUS FALLS, MN
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LRHC LONG TERM CARE FACILITIES INC, founded in 1995, is a community nonprofit in the Health Care sector that reported $3.2M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $2.9M left a modest 9% surplus.
OUR GOAL IS TO PROVIDE OUR TENANTS WITH A GRACIOUS LIFESTYLE IN A SAFE, SECURE, RESIDENTIAL SETTING. WE WILL PROMOTE PROGRAMS WHICH ENCOURAGE YOU TO PRACTICE A HEALTHY LIFESTYLE. WE WILL TREAT THOSE WE SERVE WITH DIGNITY AND RESPECT. YOUR RIGHT TO PRIVACY WILL ALWAYS BE PROTECTED AND WE WILL ENCOURAGE EVERYONE TO MAKE THEIR OWN CHOICES WHEN IT COMES TO CARE AND LIFESTYLE.
MILL STREET RESIDENCE IS THE AREA'S PREMIER PROVIDER OF ASSISTED LIVING SERVICES. WE PROVIDE OUR TENANTS WITH A WIDE RANGE OF PERSONAL CARE AND NURSING SERVICES. IN ORDER TO OFFER A PREDICTABLE FEE...
MILL STREET RESIDENCE IS THE AREA'S PREMIER PROVIDER OF ASSISTED LIVING SERVICES. WE PROVIDE OUR TENANTS WITH A WIDE RANGE OF PERSONAL CARE AND NURSING SERVICES. IN ORDER TO OFFER A PREDICTABLE FEE STRUCTURE FOR ALL OUR TENANTS, WE HAVE DEVELOPED A LEVEL OF CARE PROGRAM TO ADDRESS INDIVIDUAL HEALTH AND SERVICE NEEDS. SERVICES INCLUDED IN EACH LEVEL OF CARE MAY INCLUDE ANY COMBINATION OF THE FOLLOWING: RN SUPERVISION AND OVERSIGHT, WEEKLY WELLNESS CLINIC, ROUTINE COMMUNICATION RELATED TO CHANGES IN HEALTH OR CARE LEVEL NEEDS, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, WEEKLY MEDICATION SETUP, MEDICATION REMINDERS AND/OR ADMINISTRATION, FOOT CARE, ONE PERSON ASSISTANCE WITH TRANSFERS, ASSISTANCE WITH SHOWER OR WHIRLPOOL BATH, BLOOD DRAWS FOR LAB WORK, MONITORING OF BLOOD SUGARS, ESCORTS TO MEALS AND ACTIVITIES AND ASSISTANCE WITH TOILETING AND CONTINENCE NEEDS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $3,197,149 | $2,739,879 | +0.2% |
| Expenses | $2,894,865 | $2,632,593 | +0.1% |
| Net Income | $302,284 | $107,286 | +1.8% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| DEB FERGUSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| LAUREL NELSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOHN ERICKSON | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| JOAN GRASSWICK | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| SUSIE BERG | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KENT MATTSON | CEO | 1.00 |
Officer
|
$0 | $58,304 | $584,484 |
| CHRIS JOHNSON | CFO | 1.00 |
Officer
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $3,197,149 | $2,894,865 | $3,600,270 | $302,284 |
| 2023 | $2,739,879 | $2,632,593 | $3,417,062 | $107,286 |
| 2022 | $2,185,888 | $2,532,609 | $3,561,055 | $-346,721 |
| 2021 | $2,619,814 | $2,444,842 | $4,302,181 | $174,972 |
| 2020 | $2,728,730 | $2,482,026 | $4,270,509 | $246,704 |
| 2019 | $2,706,310 | $2,489,780 | $4,350,576 | $216,530 |
| 2018 | $2,581,885 | $2,417,289 | $4,285,876 | $164,596 |
Compare LRHC LONG TERM CARE FACILITIES INC with other nonprofits in Minnesota and across the country.