EVENTIDE LUTHERAN HOME FOR THE AGED

EIN: 420866122 501(c)(3) Health Care

DENISON, IA

Total Revenue
$10,701,642
Total Expenses
$9,750,267
Total Assets
$35,595,685
Net Assets
$17,832,304
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
IA
Principal Officer
MINDI BAKER
Phone
7122633114
Tax Period
2024-07-01 to 2025-06-30

EVENTIDE LUTHERAN HOME FOR THE AGED, founded in 1958, is a mid-sized nonprofit in the Health Care sector that reported $10.7M in total revenue in fiscal year 2024. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $9.8M left a modest 9% surplus.

Mission

PROVIDE LONG TERM HEALTH CARE AND HOUSING SERVICES FOR THE AGED IN A WAY THAT INCLUDES FAMILY INVOLVEMENT, PROMOTING AND MAXIMIZING THE INDEPENDENCE AND DIGNITY OF EVERY RESIDENT

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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 (2024)

Revenue Breakdown

Contributions & Grants $326,337
Program Service Revenue $9,380,857
Investment Income $792,942
Other Revenue $201,506
TOTAL REVENUE $10,701,642

Expense Breakdown

Grants Paid $0
Salaries & Benefits $6,060,169
Fundraising Expenses $0
Program Expenses $8,664,472
Other Expenses $3,690,098
TOTAL EXPENSES $9,750,267

Year-over-Year Comparison

2024 2023 Change
Revenue $10,701,642 $9,634,919 +0.1%
Expenses $9,750,267 $9,972,431 0.0%
Net Income $951,375 $-337,512 -3.8%
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
7
Independent Members
7
Employees
167
Volunteers
201

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
4
$220,581
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MINDI BAKER CEO 40.00
Officer
$220,581 $0 $220,581
COLEEN BRUHN DIRECTOR 1.00
Director
$0 $0 $0
RACHEL DESY DIRECTOR 1.00
Director
$0 $0 $0
TONYA ELLER TREASURER/SE 1.00
Officer Director
$0 $0 $0
MARK GRAY BOARD PRESID 1.00
Officer Director
$0 $0 $0
DERYL HENNINGS DIRECTOR 1.00
Director
$0 $0 $0
DANYEL JEPSEN VICE PRESIDE 1.00
Officer Director
$0 $0 $0
MARK SPIEGEL DIRECTOR 1.00
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
2025 $10,701,642 $9,750,267 $35,595,685 $951,375
2024 $9,634,919 $9,972,431 $35,095,841 $-337,512
2023 $9,683,450 $9,106,232 $35,199,991 $577,218
2022 $10,136,431 $7,901,940 $35,465,255 $2,234,491
2021 $9,528,310 $7,032,898 $27,294,587 $2,495,412
2021 $9,528,310 $7,032,898 $27,294,587 $2,495,412
2020 $10,184,591 $7,432,576 $17,263,978 $2,752,015
2019 $9,022,263 $7,066,284 $13,679,900 $1,955,979
2018 $7,451,495 $6,936,101 $11,893,476 $515,394
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