Wishek Home for the Aged

EIN: 450280611 501(c)(3)

Wishek, ND

Total Revenue
$8,155,755
Total Expenses
$6,808,146
Total Assets
$7,988,284
Net Assets
$7,189,576
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1963
Legal Domicile
ND
Principal Officer
Tanya Schnabel
Phone
7014522333
Tax Period
2023-07-01 to 2024-06-30

Wishek Home for the Aged, founded in 1963, is a community nonprofit that reported $8.2M in total revenue in fiscal year 2023. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.3M, a strong 17% operating margin.

Mission

It is our mission to provide exceptional and compassionate person-centered health care in a homelike environment that enables all residents to live fully, with dignity and value. With great compassion, kindness and service we strive to make excellence our standard.

Program Service Accomplishments

Program 1
Expenses: $6,107,627 Revenue: $6,527,568

Wishek Home for the Aged is a 49 bed nursing home, which also operates an 16 unit apartment complex (Home Apartments) along with a 11 unit apartment complex (Hilltop Apartments) as well as a 19 Unit...

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Wishek Home for the Aged is a 49 bed nursing home, which also operates an 16 unit apartment complex (Home Apartments) along with a 11 unit apartment complex (Hilltop Apartments) as well as a 19 Unit assisted living facility (Prairie Hills Assisted Living).Wishek Home for the Aged is committed to deliver quality health care consistent with applicable state and federal health and safety standards.Wishek Home for the Aged and its employees shall act in accordance with the following goals:-To serve the needs of residents in health and illness in a committed and caring environment;-To further a commitment to integrity, quality, excellence and continuous improvement in all areas of service to residents;-To manage human and material resources ethically, with creativity and vision, always mindful of changing needs and environments and the capacity to serve;-To esteem all personnel, including volunteers, as the providers of service, encouraging their professional development, caring for them, and nurturing their growth as capable and compassionate people; And-To serve through providing multiple levels of care, and to facilitate resident transfers based on a consistently applied resident assessment process that considers the physical, mental and emotional wellbeing in providing the highest quality of life for residents.To achieve these goals, Wishek Home for the Aged is committed to conducting all of its business activities in compliance with ethical standards and all applicable laws, rules and regulations. All employers must recognize their duty to act in accordance with this essential directive.

Program 2

Wishek Home for the Aged rents 4 units of the Hilltop Apartments complex to the general public for a flat fee rental.

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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 $1,499,574
Program Service Revenue $6,527,568
Investment Income $111,925
Other Revenue $16,688
TOTAL REVENUE $8,155,755

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,297,416
Fundraising Expenses $0
Program Expenses $6,107,627
Other Expenses $3,510,730
TOTAL EXPENSES $6,808,146

Year-over-Year Comparison

2023 2022 Change
Revenue $8,155,755 $5,936,933 +0.4%
Expenses $6,808,146 $6,222,363 +0.1%
Net Income $1,347,609 $-285,430 -5.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
8
Independent Members
8
Employees
90
Volunteers
30

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
5
$134,733
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Tanya Schnabel Administrator 40.00
Officer
$99,246 $35,487 $134,733
Greg Weber President 0.70
Officer Director
$0 $0 $0
Wayne Bauer Vice President 0.50
Officer Director
$0 $0 $0
Larry Wald Sec - Treas (From Dec) 0.50
Officer Director
$0 $0 $0
Ken Huber Sec - Treas (July-Dec) 0.50
Officer Director
$0 $0 $0
Keith Sayler Director 0.50
Director
$0 $0 $0
Marlys Kienzle Director (July-Oct) 0.50
Director
$0 $0 $0
Michael Kienzle Director 0.50
Director
$0 $0 $0
Linda Regner Director 0.50
Director
$0 $0 $0
Brenda Gray Director 0.50
Director
$0 $0 $0
Renae Gall Director (From Nov) 0.50
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 $8,155,755 $6,808,146 $7,988,284 $1,347,609
2023 $5,936,933 $6,222,363 $6,450,821 $-285,430
2022 $6,308,554 $5,824,206 $6,763,076 $484,348
2021 $7,277,722 $5,801,354 $6,281,669 $1,476,368
2020 $6,064,575 $5,509,838 $5,624,320 $554,737
2019 $5,508,712 $5,701,426 $4,141,493 $-192,714
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