CERENITY CARE CENTER - WHITE BEAR … - Form 990 Financial Data

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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

2000

Legal Domicile

Principal Officer

JERRY CARLEY

Phone

7633472200

Tax Period

2024-07-01 to 2025-06-30

CERENITY CARE CENTER - WHITE BEAR LAKE, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $26.4M in total revenue in fiscal year 2024. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $22.5M left a modest 15% surplus.

Mission

CERENITY CARE CENTER -WBL IS ORGANIZED TO OWN, MAINTAIN, OPERATE, AND CONDUCT, DIRECTLY AND INDIRECTLY, HEALTH CARE FACILITIES FOR LONG TERM CARE AND CONGREGATE, ASSISTED AND INDEPENDENT HOUSING FOR THE ELDERLY, AND TO ASSIST AND COORDINATE ACTIVITIES OF, AND FACILITIES FOR, HEALTH CARE, SOCIAL SERVICES, EDUCATION, AND RESEARCH.

Program Service Accomplishments

Program 1

Expenses: $17,322,373 Revenue: $21,649,294

OPERATION OF CERENITY CARE CENTER - WHITE BEAR LAKE, A 138 BED LONG-TERM CARE FACILITY IN WHITE BEAR LAKE, MINNESOTA WHICH PROVIDES SKILLED NURSING CARE TO THE ELDERLY. THE FACILITY HAD 86.4%...

OPERATION OF CERENITY CARE CENTER - WHITE BEAR LAKE, A 138 BED LONG-TERM CARE FACILITY IN WHITE BEAR LAKE, MINNESOTA WHICH PROVIDES SKILLED NURSING CARE TO THE ELDERLY. THE FACILITY HAD 86.4% OCCUPANCY AND SERVED 847 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/25.

Program 2

Expenses: $1,740,722 Revenue: $2,309,229

OPERATION OF CERENITY RESIDENCE - WHITE BEAR LAKE, A 43 UNIT BED LONG-TERM CARE FACILITY IN WHITE BEAR LAKE, MINNESOTA WHICH PROVIDES ASSISTED LIVING CARE TO THE ELDERLY. THE FACILITY HAD A 78.1%...

OPERATION OF CERENITY RESIDENCE - WHITE BEAR LAKE, A 43 UNIT BED LONG-TERM CARE FACILITY IN WHITE BEAR LAKE, MINNESOTA WHICH PROVIDES ASSISTED LIVING CARE TO THE ELDERLY. THE FACILITY HAD A 78.1% OCCUPANCY AND SERVED 64 INDIVIDUALS DURING THE FISCAL YEAR ENDING 6/30/25.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,413,417

Program Service Revenue $23,958,523

Investment Income $356,773

Other Revenue $692,148

TOTAL REVENUE $26,420,861

Expense Breakdown

Grants Paid $227,999

Salaries & Benefits $13,760,458

Fundraising Expenses $0

Program Expenses $19,063,095

Other Expenses $8,476,679

TOTAL EXPENSES $22,465,136

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,420,861	$22,333,260	+0.2%
Expenses	$22,465,136	$19,671,326	+0.1%
Net Income	$3,955,725	$2,661,934	+0.5%

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

377

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

$2,167,315

Total Directors

$1,911,480

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY CARLEY	DIRECTOR & CEO OF BHS	1.00	Officer Director	$0	$174,329	$1,087,851
KEVIN RYMANOWSKI	DIRECTOR & CFO OF BHS	1.00	Officer Director	$0	$89,096	$600,393
DAWN KSEPKA	DIRECTOR (LEFT 8/24)	1.00	Director	$0	$0	$0
JONATHAN LUNDBERG	DIRECTOR (LEFT 8/24)	1.00	Director	$0	$0	$0
SR JOAN MARIE STELMAN	DIRECTOR	1.00	Director	$0	$18,211	$223,236
JENNIFER BRUHN	PRESIDENT	40.00	Officer	$0	$18,774	$285,637
ARIEL MILLER	EXECUTIVE DIRECTOR	40.00	Officer	$0	$31,690	$193,434
NORA ERDICH	DON	40.00	Highest	$130,329	$9,507	$139,836
NAOMI LUDWIG	THERAPY DIRECTOR	40.00	Highest	$103,581	$9,471	$113,052
BOLANLE LIPEDE	RN	40.00	Highest	$102,851	$9,284	$112,135
ANABEL LAROMBE	RN	40.00	Highest	$176,534	$13,125	$189,659
MICHELLE JAPON	RN	40.00	Highest	$107,571	$9,397	$116,968

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
2025	$26,420,861	$22,465,136	$27,009,268	$3,955,725
2024	$22,333,260	$19,671,326	$23,975,344	$2,661,934
2023	$19,578,577	$18,536,845	$21,278,074	$1,041,732
2022	$18,800,526	$18,559,069	$20,660,497	$241,457
2021	$19,878,370	$19,274,515	$21,500,066	$603,855
2020	$20,949,709	$19,261,257	$21,310,263	$1,688,452
2019	$19,451,684	$18,929,965	$19,523,223	$521,719
2018	$18,682,228	$18,434,941	$19,672,023	$247,287

CERENITY CARE CENTER - WHITE BEAR LAKE