PRESBYTERIAN HOMES OF ANDOVER INC

EIN: 411891862 501(c)(3) Human Services

ROSEVILLE, MN

Total Revenue
$6,640,396
Total Expenses
$5,827,893
Total Assets
$16,390,272
Net Assets
$9,469,267
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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
1997
Legal Domicile
MN
Principal Officer
JONATHAN FLETCHER
Phone
6516316162
Tax Period
2023-10-01 to 2024-09-30

PRESBYTERIAN HOMES OF ANDOVER INC, founded in 1997, is a community nonprofit in the Human Services sector that reported $6.6M in total revenue in fiscal year 2023. Expenses of $5.8M left a modest 12% surplus.

Mission

THE MISSION OF THE ORGANIZATION IS TO HONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.

Program Service Accomplishments

Program 1
Expenses: $4,753,583 Revenue: $6,337,506

THE ORGANIZATION IS LOCATED IN ANDOVER, MINNESOTA AND CONSISTS OF 17 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 54 TRADITIONAL ASSISTED LIVING APARTMENTS, 66 INDEPENDENT SENIOR APARTMENTS AND 6...

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THE ORGANIZATION IS LOCATED IN ANDOVER, MINNESOTA AND CONSISTS OF 17 MEMORY CARE SPECIFIC ASSISTED LIVING APARTMENTS, 54 TRADITIONAL ASSISTED LIVING APARTMENTS, 66 INDEPENDENT SENIOR APARTMENTS AND 6 INDEPENDENT SENIOR TOWN HOMES.

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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 $38,046
Program Service Revenue $6,337,506
Investment Income $134,383
Other Revenue $130,461
TOTAL REVENUE $6,640,396

Expense Breakdown

Grants Paid $5,103
Salaries & Benefits $2,984,371
Fundraising Expenses $0
Program Expenses $4,753,583
Other Expenses $2,838,419
TOTAL EXPENSES $5,827,893

Year-over-Year Comparison

2023 2022 Change
Revenue $6,640,396 $6,335,751 +0.0%
Expenses $5,827,893 $5,573,025 +0.0%
Net Income $812,503 $762,726 +0.1%
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
3
Independent Members
N/A
Employees
N/A
Volunteers
186

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
3
$1,886,028
Total Directors
3
$1,886,028
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAN LINDH BOARD CHAIR/CEO 1.00
Officer Director
$0 $26,250 $1,089,847
MARK MEYER SEC/TREAS/CFO 1.00
Officer Director
$0 $21,646 $500,746
JONATHAN FLETCHER VP DEVELOPMENT 1.00
$0 $28,580 $408,664
MARK PEDERSON BRD VICE CHAIR 1.00
Officer Director
$0 $21,854 $295,435
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 $6,640,396 $5,827,893 $16,390,272 $812,503
2023 $6,335,751 $5,573,025 $16,055,252 $762,726
2022 $5,795,819 $5,342,250 $15,797,113 $453,569
2021 $5,481,510 $5,079,731 $15,974,796 $401,779
2020 $5,692,913 $5,021,185 $16,025,418 $671,728
2019 $5,504,248 $4,800,778 $15,628,484 $703,470
2018 $5,108,185 $4,825,162 $15,142,989 $283,023
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