VALLEY HOMES AND SERVICES

EIN: 450229071 501(c)(3) Health Care

Grand Forks, ND

Total Revenue
$36,060,212
Total Expenses
$34,053,664
Total Assets
$32,537,244
Net Assets
$18,542,669
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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
1997
Legal Domicile
ND
Principal Officer
Garth Rydland
Phone
7017877912
Tax Period
2023-07-01 to 2024-06-30

VALLEY HOMES AND SERVICES, founded in 1997, is a mid-sized nonprofit in the Health Care sector that reported $36.1M in total revenue in fiscal year 2023. Revenue decreased 10% compared to the prior year. Expenses of $34.1M left a modest 6% surplus.

Mission

Operates a 196 bed Skilled Nursing Facility Operates a 70 bed Basic Care 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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $801,501
Program Service Revenue $34,835,011
Investment Income $408,087
Other Revenue $15,613
TOTAL REVENUE $36,060,212

Expense Breakdown

Grants Paid $0
Salaries & Benefits $23,428,878
Fundraising Expenses $0
Program Expenses $30,665,695
Other Expenses $10,624,786
TOTAL EXPENSES $34,053,664

Year-over-Year Comparison

2023 2022 Change
Revenue $36,060,212 $40,196,507 -0.1%
Expenses $34,053,664 $32,743,281 +0.0%
Net Income $2,006,548 $7,453,226 -0.7%
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
9
Independent Members
8
Employees
N/A
Volunteers
83

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
$306,165
Total Directors
9
$306,165
Key Employees
7
$1,419,929
Highest Compensated
15
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Garth Rydland President/CEO 0
Officer Director Key Emp Highest
$0 $21,760 $306,165
Gina Roller Administrator 4000 Valley Square 0
Key Emp Highest
$0 $20,760 $208,384
Lorilee A Bott CFO 0
Key Emp Highest
$0 $28,537 $205,839
Adam Edwards Chief Human Resource Officer 0
Key Emp Highest
$0 $34,354 $199,089
Jessica Baumgarten Director of Nursing Valley Senior Living on Columbia 40
Key Emp Highest
$152,389 $29,934 $182,323
Sarah Sharpe RN Care Coordinator 40
Highest
$144,298 $34,399 $178,697
LeeAnn Novak LPN Float 0
Highest
$0 $18,006 $168,445
Jennifer Schultz Director of Nursing Woodside Village 0
Key Emp Highest
$0 $23,410 $164,511
Angela Goulet Tufte Manor Administrator-Director of PCS 0
Key Emp Highest
$121,824 $31,794 $153,618
Kayla Porter Infection Preventionist 40
Highest
$106,379 $31,450 $137,829
Heidi Ebertowski RN Care Coordinator 40
Highest
$101,291 $31,081 $132,372
Renita Stethem Quality Coordinator 0
Highest
$0 $21,818 $132,292
Leah Larson Assistant Director of Nursing 40
Highest
$104,083 $6,853 $110,936
Jennifer Allrich RN Valley Transitions 40
Highest
$103,682 $6,221 $109,903
Kate Woodworth Assistant Director of Nursing 40
Highest
$101,130 $6,557 $107,687
Margaret Reed Chairperson 0
Officer Director
$0 $0 $0
David Molmen Vice Chair 0
Officer Director
$0 $0 $0
Patrick Moore Director 0
Director
$0 $0 $0
Michael Brown Director 0
Director
$0 $0 $0
Sarah Raymond Director 0
Director
$0 $0 $0
Dwight Thompson Treasurer 0
Officer Director
$0 $0 $0
Scott Berge Director 0
Director
$0 $0 $0
Carol Svendson Director 0
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 No data No data No data No data
2024 $36,060,212 $34,053,664 $32,537,244 $2,006,548
2023 $40,196,507 $32,743,281 $31,493,296 $7,453,226
2022 $31,398,381 $30,341,911 $24,112,129 $1,056,470
2021 $31,610,209 $28,930,753 $24,366,634 $2,679,456
2020 $27,421,033 $27,631,557 $24,039,697 $-210,524
2019 $26,034,199 $26,546,933 $23,164,872 $-512,734
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