WALKER METHODIST

EIN: 411916102 501(c)(3) Health Care

MINNETONKA, MN

Total Revenue
$30,715,119
Total Expenses
$29,812,994
Total Assets
$72,524,214
Net Assets
$-17,582,264
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
MN
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

WALKER METHODIST SPECIALIZES IN LIFESTYLE, HOUSING AND HEALTHCARE SERVICES FOR OLDER ADULTS.

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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 $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

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

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
2
$764,161
Total Directors
10
$0
Key Employees
4
$760,754
Highest Compensated
2
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
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