WALKER METHODIST

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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

1986

Legal Domicile

Principal Officer

SCOTT RIDDLE

Phone

6128278400

Tax Period

2023-01-01 to 2023-12-31

WALKER METHODIST, founded in 1986, is a mid-sized nonprofit in the Health Care sector that reported $30.7M in total revenue in fiscal year 2023.

Mission

LIFE. AND ALL THE LIVING THAT GOES WITH IT. ENHANCING THE LIVES OF OLDER ADULTS THROUGH A CULTURE OF CARE, RESPECT, AND SERVICE.

Program Service Accomplishments

Program 1

WALKER METHODIST SPECIALIZES IN LIFESTYLE, HOUSING AND HEALTHCARE SERVICES FOR OLDER ADULTS. WE OWN, OPERATE, AND MANAGE HOUSING COMMUNITIES, PROVIDE REHABILITATION SERVICES, AND OPERATE LEADING...

WALKER METHODIST SPECIALIZES IN LIFESTYLE, HOUSING AND HEALTHCARE SERVICES FOR OLDER ADULTS. WE OWN, OPERATE, AND MANAGE HOUSING COMMUNITIES, PROVIDE REHABILITATION SERVICES, AND OPERATE LEADING SUB-ACUTE TRANSITIONAL CARE CENTERS THAT HELP PEOPLE RECOVER FROM HOSPITALIZATIONS OR SURGERIES SO THEY CAN RETURN HOME.

Program 2

Expenses: $7,318,748 Revenue: $8,884,437

WALKER METHODIST, AS THE SOLE MEMBER OF HIGHVIEW HILLS, LLC, PROVIDES SENIOR LIVING WITH SERVICES AND ASSISTED LIVING SERVICES IN A 153-UNIT COMMUNITY LOCATED IN LAKEVILLE, MINNESOTA. RESIDENTS MAY RECEIVE A VARIETY OF HEALTH SERVICES TO MEET THEIR INDIVIDUAL NEEDS, AND ARE OFFERED PPORTUNITIES FOR PHYSICAL ACTIVITY, SOCIAL INTERACTION, INTERGENERATIONAL ACTIVITIES, CREATIVE EXPRESSION, SPIRITUAL CARE, INTELLECTUAL ADVANCEMENT, AND CHARITABLE GIVING. FOR THE YEAR ENDED DECEMBER 31, 2023, THE OCCUPANCY RATE WAS 95.34%.

Program 3

Expenses: $9,978,089 Revenue: $10,145,727

WALKER METHODIST, AS THE SOLE MEMBER OF WALKER THOMPSON HILL, LLC, PROVIDES SENIOR LIVING WITH SERVICES, TRANSITIONAL CARE UNIT AND ASSISTED LIVING SERVICES IN A 71-UNIT COMMUNITY LOCATED IN WEST ST. PAUL, MINNESOTA. RESIDENTS MAY RECEIVE A VARIETY OF HEALTH SERVICES TO MEET THEIR INDIVIDUAL NEEDS, AND ARE OFFERED OPPORTUNITIES FOR PHYSICAL ACTIVITY, SOCIAL INTERACTION, INTERGENERATIONAL ACTIVITIES, CREATIVE EXPRESSION, SPIRITUAL CARE, INTELLECTUAL ADVANCEMENT, AND CHARITABLE GIVING. FOR THE YEAR ENDED DECEMBER 31, 2023, THE OCCUPANCY RATE WAS 75.63%.

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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 $35,734

Program Service Revenue $29,363,811

Investment Income $135,689

Other Revenue $1,179,885

TOTAL REVENUE $30,715,119

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,001,430

Fundraising Expenses $0

Program Expenses $26,073,169

Other Expenses $13,811,564

TOTAL EXPENSES $29,812,994

Year-over-Year Comparison

	2023	2022	Change
Revenue	$30,715,119	$28,651,169	+0.1%
Expenses	$29,812,994	$28,472,094	+0.0%
Net Income	$902,125	$179,075	+4.0%

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

$764,161

Total Directors

Key Employees

$760,754

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PHIL HANSON	CHAIR	0.02	Director	$0	$0	$0
MICK FINN	VICE CHAIR	0.03	Director	$0	$0	$0
LYNN SWON	TREASURER	0.03	Director	$0	$0	$0
FRED SEMMER	SECRETARY	0.03	Director	$0	$0	$0
JIM BALLENTINE	DIRECTOR	0.03	Director	$0	$0	$0
SUE BERGSTROM	DIRECTOR	0.03	Director	$0	$0	$0
BOB HAKES	DIRECTOR	0.03	Director	$0	$0	$0
CAROL KRAFT	DIRECTOR	0.03	Director	$0	$0	$0
KATE LEE	DIRECTOR	0.03	Director	$0	$0	$0
SCOTT REDDEN	DIRECTOR	0.03	Director	$0	$0	$0
SCOTT RIDDLE	PRESIDENT/CEO	4.20	Officer	$0	$21,688	$472,501
RUSS GRUNDHAUSER	CFO	4.20	Officer	$0	$29,743	$291,660
VERONICA BARNAS	VP OF HR	0.00	Key Emp	$0	$12,567	$199,127
BEVERLY RANSFORD	VP OF QUALITY	1.00	Key Emp	$0	$3,159	$193,746
STEPHEN WILSON	VP OF OPERATIONS	1.00	Key Emp	$0	$10,429	$189,776
BRENDA SCHRUPP	VP OF QUALITY AND CORP COMPLIANCE	1.00	Key Emp	$0	$10,420	$178,105
EVERLINE NYABERA	LEAD RESIDENT ASSISTANT	1.00	Highest	$117,814	$9,627	$127,441
CHRISTINE HILLMAN	RN	45.00	Highest	$103,021	$8,281	$111,302

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	$30,715,119	$29,812,994	$72,524,214	$902,125
2022	$28,651,169	$28,472,094	$76,589,463	$179,075
2021	$29,368,798	$27,888,222	$71,311,636	$1,480,576
2020	$26,200,081	$26,127,564	$74,658,266	$72,517
2019	$25,587,895	$26,180,148	$72,986,097	$-592,253
2018	$25,498,090	$24,974,869	$71,588,793	$523,221