COTTAGE GROVE PLACE (EIN 421412375) - 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

1992

Legal Domicile

Principal Officer

DAVID SNYDER

Phone

3193632420

Tax Period

2023-01-01 to 2023-12-31

COTTAGE GROVE PLACE, founded in 1992, is a mid-sized nonprofit in the Human Services sector that reported $18.9M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE HOUSING, HEALTH CARE & RELATED SERVICES THROUGH OPERATIONS OF A CCRC RETIREMENT FACILITY

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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 $1,948,428

Program Service Revenue $16,879,053

Investment Income $48,809

Other Revenue $4,130

TOTAL REVENUE $18,880,420

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,197,538

Fundraising Expenses $0

Program Expenses $15,824,089

Other Expenses $10,765,805

TOTAL EXPENSES $18,963,343

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,880,420	$16,665,805	+0.1%
Expenses	$18,963,343	$17,096,885	+0.1%
Net Income	$-82,923	$-431,080	-0.8%

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

Governance

Voting Members

Independent Members

Employees

319

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

$288,676

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TAD COOPER	CHAIRMAN	1.00	Officer Director	$0	$0	$0
RICHARD LANDIS	SECRETARY	1.00	Director	$0	$0	$0
PHIL LENZEN	TRUSTEE	1.00	Director	$0	$0	$0
TORY MEIBERG	TRUSTEE	1.00	Director	$0	$0	$0
LELAND SMITHSON	TRUSTEE	1.00	Director	$0	$0	$0
CRAIG DAVIS	TRUSTEE	1.00	Director	$0	$0	$0
ED SHERMAN	TRUSTEE	1.00	Director	$0	$0	$0
JANA NASSIF	TRUSTEE	1.00	Director	$0	$0	$0
MIKE HATTERY	TRUSTEE	1.00	Director	$0	$0	$0
WILLIAM MCCARTAN	TRUSTEE	1.00	Director	$0	$0	$0
CLINT LANDIS	TRUSTEE	1.00	Director	$0	$0	$0
DAVID SNYDER	EXECUTIVE DIRECTOR	55.00	Officer	$160,163	$33,077	$193,240
GREG OLBEKSON	FINANCE DIRECTOR	45.00	Officer	$88,056	$7,380	$95,436

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	$18,880,420	$18,963,343	$56,635,333	$-82,923
2022	$16,665,805	$17,096,885	$57,553,702	$-431,080
2021	$13,524,184	$15,045,623	$58,584,060	$-1,521,439
2020	$16,144,816	$15,775,004	$60,545,361	$369,812
2019	$14,698,530	$13,947,937	$63,556,188	$750,593
2018	$14,662,982	$11,970,083	$57,013,892	$2,692,899

COTTAGE GROVE PLACE