Parkside Lutheran Home (EIN 450231494) - 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

1946

Legal Domicile

Principal Officer

Tim Kennedy

Phone

7016835239

Tax Period

2024-07-01 to 2025-06-30

Parkside Lutheran Home, founded in 1946, is a community nonprofit in the Health Care sector that reported $5.5M in total revenue in fiscal year 2024. Expenses of $5.2M left a modest 6% surplus.

Mission

Provide quality, holistic, and loving care that enhances the lives of our residents and families.

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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 (2024)

Revenue Breakdown

Contributions & Grants $158,183

Program Service Revenue $5,335,496

Investment Income $12,719

Other Revenue $0

TOTAL REVENUE $5,506,398

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,646,544

Fundraising Expenses $0

Program Expenses $4,621,435

Other Expenses $1,556,651

TOTAL EXPENSES $5,203,195

Year-over-Year Comparison

	2024	2023	Change
Revenue	$5,506,398	$5,409,093	+0.0%
Expenses	$5,203,195	$5,119,430	+0.0%
Net Income	$303,203	$289,663	+0.0%

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

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

$229,726

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dan Olson	President	0.50	Officer Director	$0	$0	$0
Cindy Stetson	Vice President	0.50	Officer Director	$0	$0	$0
Pastor Ella Moehlman	Director	0.50	Officer Director	$0	$0	$0
Nick Storhaug	Director	0.50	Director	$0	$0	$0
Art Hagen	Director (thru Oct 2024)	0.50	Director	$0	$0	$0
Tylea Horgeshimer	Director	0.50	Director	$0	$0	$0
Arleene Hansen	Director	0.50	Director	$0	$0	$0
Tim Kennedy	Administrator	20.00	Officer	$81,068	$7,877	$88,945
Kathy Schultz	Business Manager	40.00	Officer	$110,827	$29,954	$140,781
Moses Benda	CNA	80.00	Highest	$111,652	$19,178	$130,830
Moses Kuylee	CNA	80.00	Highest	$113,633	$18,659	$132,292

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	$5,506,398	$5,203,195	$3,212,632	$303,203
2024	$5,409,093	$5,119,430	$3,047,514	$289,663
2023	$5,359,628	$4,896,412	$2,979,922	$463,216
2022	$5,094,656	$4,384,279	$2,503,513	$710,377
2021	$4,414,862	$4,239,155	$2,542,241	$175,707
2020	$4,120,980	$4,265,773	$2,561,462	$-144,793
2019	$3,798,588	$4,279,349	$2,433,257	$-480,761

Parkside Lutheran Home