NEW HARMONY CARE CENTER INC

EIN: 411821882 501(c)(3) Philanthropy & Grantmaking

EDINA, MN

Total Revenue
$16,510,284
Total Expenses
$17,281,882
Total Assets
$38,753,679
Net Assets
$4,632,686
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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
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 PROVIDE HEALTH CARE, HOUSING AND COMMUNITY SERVICES FOR THE ELDERLY.

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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 $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

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Governance

Voting Members
5
Independent Members
5
Employees
317
Volunteers
59

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
10
$2,578,269
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
3
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
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