OWATONNA HEALTHY SENIORS PROGRAM

EIN: 411885511 501(c)(3) Health Care

OWATONNA, MN

Total Revenue
$203,567
Total Expenses
$195,268
Total Assets
$67,440
Net Assets
$61,950
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MN
Principal Officer
EDNA RINGHOFER KEY EMPLOY
Phone
5077747648
Tax Period
2024-01-01 to 2024-12-31

OWATONNA HEALTHY SENIORS PROGRAM, founded in 1998, is a small nonprofit in the Health Care sector that reported $204K in total revenue in fiscal year 2024. Expenses of $195K left a modest 4% surplus.

Mission

HEALTHY SENIORS OF STEELE COUNTY SERVICES HELP SENIORS IN NEED WHO ARE 65 AND OLDER LIVE HEALTHY, SAFE, AND INDEPENDENT IN THEIR OWN HOMES, TO PROLONG THE LENGTH OF SPENDING DOWN INTO MEDICAL ASSISTANCE AND, TO DIVERT NURSING HOME PLACEMENTS. VOLUNTEERS ARE MATCHED WITH COMMUNITY

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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 (2024)

Revenue Breakdown

Contributions & Grants $203,287
Program Service Revenue $0
Investment Income $280
Other Revenue $0
TOTAL REVENUE $203,567

Expense Breakdown

Grants Paid $0
Salaries & Benefits $115,431
Fundraising Expenses $33,307
Program Expenses $149,971
Other Expenses $79,837
TOTAL EXPENSES $195,268

Year-over-Year Comparison

2024 2023 Change
Revenue $203,567 $200,532 +0.0%
Expenses $195,268 $202,982 0.0%
Net Income $8,299 $-2,450 -4.4%
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
7
Independent Members
7
Employees
6
Volunteers
245

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
1
$65,640
Total Directors
7
$0
Key Employees
1
$65,640
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
EDNA RINGHOFER KEY EMPLOYEE 40.00
Officer Key Emp
$65,640 $0 $65,640
JACKIE EVANS TREASURER 1.00
Director
$0 $0 $0
STEVE SHAFER CHAIRMAN 0.50
Director
$0 $0 $0
BECKY DAWLEY VICE CHAIRMAN 0.50
Director
$0 $0 $0
MARCY SUNDINE DIRECTOR 0.75
Director
$0 $0 $0
HEATHER NELSON SECRETARY 0.50
Director
$0 $0 $0
CAROL WURDEMAN AUDITOR 0.50
Director
$0 $0 $0
TIM HUGLEY REPRESENTATIVE FOR TRIBAL & PUBLIC 0.50
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 $203,567 $195,268 $67,440 $8,299
2023 $200,532 $202,982 $58,528 $-2,450
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