COLUMBIA VILLAGE

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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

1998

Legal Domicile

Principal Officer

TERESE FOX

Phone

7637821611

Tax Period

2023-10-01 to 2024-09-30

COLUMBIA VILLAGE, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $272K in total revenue in fiscal year 2023. Expenses of $357K exceeded revenue, resulting in a 31% operating deficit.

Mission

TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS IN LONGER LIVING.

Program Service Accomplishments

Program 1

Expenses: $281,357 Revenue: $267,377

COLUMBIA VILLAGE OPERATES A 40-UNIT INDEPENDENT LIVING APARTMENT COMPLEX FOR THE ELDERLY LOCATED IN COLUMBIA HEIGHTS, MINNESOTA.

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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 $0

Program Service Revenue $267,377

Investment Income $538

Other Revenue $3,699

TOTAL REVENUE $271,614

Expense Breakdown

Grants Paid $0

Salaries & Benefits $46,465

Fundraising Expenses $0

Program Expenses $281,357

Other Expenses $310,532

TOTAL EXPENSES $356,997

Year-over-Year Comparison

	2023	2022	Change
Revenue	$271,614	$276,019	0.0%
Expenses	$356,997	$337,956	+0.1%
Net Income	$-85,383	$-61,937	+0.4%

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

Governance

Voting Members

Independent Members

Employees

N/A

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

$219,827

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SHIRLEY BARNES	CEO (THRU AUGUST 2024)	2.00	Officer	$0	$0	$170,669
CURT ENGELS	CFO (THRU MAY 2024)	1.00	Officer	$0	$0	$41,158
TERESE FOX	CAO	2.00	Officer	$0	$0	$8,000
GABRIELLE ANDERSON	INTERIM CEO	2.00	Officer	$0	$0	$0
JOHN MILLER	BOARD CHAIR	6.00	Officer Director	$0	$0	$0
SHERILYN MOE	VICE CHAIR	2.00	Officer Director	$0	$0	$0
ANDREW AHRENDT	BOARD SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
JULIE LUNDBERG	BOARD MEMBER	2.00	Director	$0	$0	$0
WAYNE OLSON	BOARD MEMBER	1.00	Director	$0	$0	$0
GLEN TESKE	BOARD MEMBER	2.00	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	$271,614	$356,997	$1,071,279	$-85,383
2023	$276,019	$337,956	$1,055,390	$-61,937
2022	$272,973	$332,135	$1,138,704	$-59,162
2021	$298,784	$329,169	$1,208,518	$-30,385
2020	$244,593	$279,532	$1,224,409	$-34,939
2019	$246,444	$313,980	$1,261,929	$-67,536
2018	$249,060	$324,307	$1,381,838	$-75,247