NEW HARMONY CARE CENTER INC

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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

ROBERT DAHL

Phone

9528555000

Tax Period

2023-01-01 to 2023-12-31

NEW HARMONY CARE CENTER INC, founded in 1995, is a mid-sized nonprofit in the Philanthropy & Grantmaking sector that reported $16.5M in total revenue in fiscal year 2023. Revenue surged 88% from the prior year, signaling strong growth momentum.

Mission

TO FOSTER FULLNESS OF LIFE FOR OLDER ADULTS IN THE SPIRIT OF CHRIST'S LOVE.

Program Service Accomplishments

Program 1

Expenses: $12,562,055 Revenue: $11,176,209

NEW HARMONY CARE CENTER, INC. WAS ORGANIZED FOR THE PURPOSE OF PROVIDING NURSING HOME CARE FOR THE ELDERLY. IT HAS 64 BEDS AND IS LOCATED IN MAPLEWOOD, MINNESOTA.

Program 2

Expenses: $2,904,183 Revenue: $2,483,323

NEW HARMONY CARE CENTER, INC. ALSO OPERATES AN ASSISTED LIVING FACILITY FOR THE ELDERLY. THE BUILDING LOCATED IN MAPLEWOOD, MINNESOTA OPENED IN JANUARY 2023 AND HAS 96 UNITS.

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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 $241,028

Program Service Revenue $13,504,099

Investment Income $2,558,807

Other Revenue $206,350

TOTAL REVENUE $16,510,284

Expense Breakdown

Grants Paid $3,007,197

Salaries & Benefits $8,058,447

Fundraising Expenses $0

Program Expenses $15,466,238

Other Expenses $6,216,238

TOTAL EXPENSES $17,281,882

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,510,284	$8,779,592	+0.9%
Expenses	$17,281,882	$9,253,407	+0.9%
Net Income	$-771,598	$-473,815	+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

Governance

Voting Members

Independent Members

Employees

317

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

$2,578,269

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT DAHL	PRESIDENT/CEO	1.35	Officer	$0	$108,350	$728,206
MATTHEW KERN	CHIEF OPERATING OFFICER	1.35	Officer	$0	$109,481	$442,057
KATHY YOUNGQUIST	CHIEF FINANCIAL OFFICER	1.35	Officer	$0	$79,279	$416,436
KATHY KOPP	CHIEF STRATEGIC OFFICER	1.35	Officer	$0	$88,142	$368,733
ANGELA BROWN	CHIEF HUMAN RESOURCE OFFICER	1.35	Officer	$0	$68,177	$313,835
SHARON WILSON	CHIEF CLINICAL AND COMPLIANCE OFFICER	1.35	Officer	$0	$48,520	$309,002
BECKY HOLMGREN	ADMINISTRATOR	40	Highest	$142,066	$39,364	$181,430
AYE SAYE	LPN	53.88	Highest	$114,946	$24,348	$139,294
MICHELLE GORDEN	DIRECTOR OF MARKETING	40	Highest	$104,970	$13,504	$118,474
NIKKI WEBER DANIELS	CHAIR AND DIRECTOR	0.25	Officer Director	$0	$0	$0
PATRICK NUSS	VICE CHAIR & DIRECTOR	0.25	Officer Director	$0	$0	$0
PAUL ANDERSON	SECRETARY/TREASURER AND DIRECTOR	0.25	Officer Director	$0	$0	$0
MICHAEL ADERINKOMI	DIRECTOR	0.25	Director	$0	$0	$0
LORES VLAMINCK	DIRECTOR	0.25	Director	$0	$0	$0
STANN LEFF	CHAIR & DIRECTOR (THRU MARCH)	0.25	Officer Director	$0	$0	$0
DOCTOR GUY TANGEDAHL	DIRECTOR (THRU JUNE)	0.25	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	No data	No data	No data	No data
2023	$16,510,284	$17,281,882	$38,753,679	$-771,598
2022	$8,779,592	$9,253,407	$38,126,302	$-473,815
2021	$11,846,414	$8,025,018	$17,674,874	$3,821,396
2020	$8,448,600	$8,178,665	$4,509,003	$269,935