CEDAR RAPIDS, IA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
TO PROVIDE HOUSING, HEALTH CARE, AND OTHER RELATED SERVICES TO RESIDENTS THROUGH THE OPERATION OF A RETIREMENT FACILITY.
THE RETIREMENT FACILITY CONTAINS 182 INDEPENDENT LIVING UNITS, 41 ASSISTED LIVING UNITS, 18 ASSISTED LIVING MEMORY CARE UNITS, 51 NURSING CARE BEDS AND 12 SPECIAL CARE UNITS FOR ITS RESIDENTS. ABOUT...
THE RETIREMENT FACILITY CONTAINS 182 INDEPENDENT LIVING UNITS, 41 ASSISTED LIVING UNITS, 18 ASSISTED LIVING MEMORY CARE UNITS, 51 NURSING CARE BEDS AND 12 SPECIAL CARE UNITS FOR ITS RESIDENTS. ABOUT 68% OF THESE UNITS WERE OCCUPIED AT YEAR END.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare COTTAGE GROVE PLACE with other nonprofits in Iowa and across the country.