HALE AREA ASSISTED LIVING CORP

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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

2011

Legal Domicile

Principal Officer

MITCHELL A MCNEAL

Phone

6167195100

Tax Period

2023-01-01 to 2023-12-31

HALE AREA ASSISTED LIVING CORP, founded in 2011, is a community nonprofit in the Housing & Shelter sector that reported $1.1M in total revenue in fiscal year 2023. Revenue fell 27% from the prior year — a significant decline worth monitoring. Expenses of $989K left a modest 11% surplus.

Mission

THE HALE AREA ASSISTED LIVING SEEKS TO HONOR GOD BY SERVING PEOPLE AS THEY AGE.

Program Service Accomplishments

Program 1

Expenses: $887,580 Revenue: $1,086,102

TO PROVIDE RESIDENTS WITH QUALITY CARE, HOUSING, MEAL PREPARATION, AND SUPPORTIVE SERVICES.

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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 $12,064

Program Service Revenue $1,086,102

Investment Income $0

Other Revenue $11,751

TOTAL REVENUE $1,109,917

Expense Breakdown

Grants Paid $0

Salaries & Benefits $558,214

Fundraising Expenses $0

Program Expenses $887,580

Other Expenses $430,649

TOTAL EXPENSES $988,863

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,109,917	$1,527,074	-0.3%
Expenses	$988,863	$1,446,650	-0.3%
Net Income	$121,054	$80,424	+0.5%

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

N/A

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

$834,420

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE KOETJE	CHAIRMAN	0.25	Officer Director	$0	$0	$0
SCOTT ZYLSTRA	SECRETARY/TREASURER	0.25	Officer Director	$0	$0	$0
CHRIS AGUILAR	DIRECTOR	0.25	Director	$0	$0	$0
ADAM DEVEREAUX	DIRECTOR	0.25	Director	$0	$0	$0
KHAN NEED MD	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN HUSS	DIRECTOR	0.25	Director	$0	$0	$0
KATHY ALWARD	SECRETARY - PART YEAR	5.00	Officer Director	$0	$0	$0
GERARD F HEWITT	TREASURER - PART YEAR	5.00	Officer Director	$0	$0	$0
MARGY HOLZHEUER	DIRECTOR - PART YEAR	5.00	Director	$0	$0	$0
FRED LEWIS	DIRECTOR - PART YEAR	5.00	Director	$0	$0	$0
TANA MCKULSKY NP	DIRECTOR - PART YEAR	5.00	Director	$0	$0	$0
JAMES L SZAFRAN	PRESIDENT - PART YEAR	5.00	Officer Director	$0	$0	$0
MITCHELL A MCNEAL	PRESIDENT & CEO	0.25	Officer	$0	$30,635	$230,650
CONNIE CLAUSON	CHIEF OPERATING OFFICER	0.25	Officer	$0	$30,635	$229,379
THOMAS J NOBEL	FOUNDER & EXECUTIVE CHAIRMAN	0.25	Officer	$0	$0	$193,540
JAMES V TEW III	CHIEF FINANCIAL OFFICER	0.25	Officer	$0	$14,341	$180,851

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	$1,109,917	$988,863	$3,073,085	$121,054
2022	$1,527,074	$1,446,650	$3,013,084	$80,424
2021	$1,337,114	$1,265,884	$3,070,884	$71,230
2020	$1,432,121	$1,261,562	$3,128,096	$170,559
2019	$1,320,775	$1,225,859	$3,248,438	$94,916
2018	$1,195,055	$1,134,183	$3,308,747	$60,872