CITY OF LAKES CARE CENTER D/B/A BENEDICTINE HEALTH CENTER OF MPLS (EIN 411985663) - Form 990 Financial Analysis & Trantor Score

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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

2023-07-01 to 2024-06-30

CITY OF LAKES CARE CENTER D/B/A BENEDICTINE HEALTH CENTER OF MPLS, founded in 2000, is a mid-sized nonprofit in the Health Care sector that reported $14.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion. Expenses of $14.0M left a modest 3% surplus.

Mission

TO WITNESS GOD'S LOVE BY PROVIDING COMPASSIONATE, QUALITY CARE WITH SPECIAL CONCERN FOR THE UNDERSERVED AND THOSE IN NEED.

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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 $129,851

Program Service Revenue $13,826,213

Investment Income $175,579

Other Revenue $323,639

TOTAL REVENUE $14,455,282

Expense Breakdown

Grants Paid $152,149

Salaries & Benefits $9,448,777

Fundraising Expenses $246

Program Expenses $12,137,944

Other Expenses $4,365,011

TOTAL EXPENSES $13,965,937

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,455,282	$12,574,272	+0.1%
Expenses	$13,965,937	$12,374,556	+0.1%
Net Income	$489,345	$199,716	+1.5%

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

220

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

$1,639,967

Total Directors

$365,576

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAYLAR HACK	VP OF BHS/PRESIDENT	1.00	Officer Director	$0	$17,177	$218,878
PETER MOMANYI	EXECUTIVE DIRECTOR	40.00	Officer Director	$0	$11,117	$146,698
DAVID HOEL	CHAIR	1.00	Officer Director	$0	$0	$0
JEFFERY BENSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
LYNETTE PEARSON	DIRECTOR	1.00	Director	$0	$0	$0
JERRY CARLEY	CEO OF BHS	1.00	Officer	$0	$161,175	$829,117
KEVIN RYMANOWSKI	CFO & TREASURER	1.00	Officer	$0	$33,145	$445,274
BARBARA HYLLE	DON	40.00	Highest	$126,274	$29,164	$155,438
MERIYEMA ABDELAZIZ MUHAMMED	RN	40.00	Highest	$204,279	$8,276	$212,555
NGOZI IMBU	LPN	40.00	Highest	$160,309	$43,198	$203,507
TEMAM JIBA	RN	40.00	Highest	$129,292	$20,568	$149,860
SHAKA TOLLA	CNA-NAR	40.00	Highest	$126,357	$20,234	$146,591

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	No data	No data	No data	No data
2024	$14,455,282	$13,965,937	$15,584,265	$489,345
2023	$12,574,272	$12,374,556	$14,753,491	$199,716
2022	$11,934,237	$11,540,252	$14,171,635	$393,985
2021	$12,225,054	$10,824,773	$13,996,448	$1,400,281
2020	$11,110,828	$10,442,557	$12,327,683	$668,271
2019	$11,143,762	$10,672,488	$11,537,063	$471,274
2018	$11,439,443	$10,732,801	$11,219,504	$706,642

CITY OF LAKES CARE CENTER D/B/A BENEDICTINE HEALTH CENTER OF MPLS