BENEDICTINE LIVING CENTER OF RED W… - Form 990 Financial Data

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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

2012

Legal Domicile

Principal Officer

JACOB GOERING

Phone

7636891162

Tax Period

2017-07-01 to 2018-06-30

BENEDICTINE LIVING CENTER OF RED WING dba SEMINARY HOME, founded in 2012, is a community nonprofit that reported $5.9M in total revenue in fiscal year 2017. Revenue decreased 10% compared to the prior year.

Mission

Benedictine Living Community of Red Wing is a Catholic organization entrusted with advancing the health care ministry of the Benedictine Sisters of Duluth, Minnesota. Our mission is to witness to God's love by providing compassionate, quality care with special concern for the underserved and those in need.

Program Service Accomplishments

Program 1

Expenses: $5,420,650 Revenue: $5,965,455

BLC-Red Wing, dba Seminary Home, is a 84 bed long-term care facility in Red Wing, Minnesota which provides skilled nursing care to the elderly.The facility had 75% occupancy and served 188...

BLC-Red Wing, dba Seminary Home, is a 84 bed long-term care facility in Red Wing, Minnesota which provides skilled nursing care to the elderly.The facility had 75% occupancy and served 188 individuals during the fiscal year ending 6/30/18. The company transfered to a new building in May 2018. A new 64 bed, two story, 47,400 sq.ft facilitiy consiting of 4 "16 room households" opened in May 2018, replacing the existing building.

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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 (2017)

Revenue Breakdown

Contributions & Grants $99

Program Service Revenue $5,965,455

Investment Income $-69,598

Other Revenue $0

TOTAL REVENUE $5,895,956

Expense Breakdown

Grants Paid $6,622

Salaries & Benefits $3,687,364

Fundraising Expenses $0

Program Expenses $5,420,650

Other Expenses $2,344,789

TOTAL EXPENSES $6,038,775

Year-over-Year Comparison

	2017	2016	Change
Revenue	$5,895,956	$6,549,639	-0.1%
Expenses	$6,038,775	$6,664,698	-0.1%
Net Income	$-142,819	$-115,059	+0.2%

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

173

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

$1,222,562

Total Directors

$828,190

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS BOLDT	VP OF BHS	1.00	Director	$0	$44,326	$346,784
KEVIN RYMANOWSKI	CFO OF BHS	1.00	Officer Director	$0	$85,174	$481,406
THOMAS WITT	PART YR DIR.	1.00	Director	$0	$0	$0
CAROLYN HOLMSTEN	Director	1.00	Director	$0	$0	$0
DAVID HOEL	CHAIR	1.00	Officer Director	$0	$0	$0
GERALD O'ROURKE	Secretary	1.00	Officer Director	$0	$0	$0
JEFFERY BENSON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JERRY CARLEY	CEO OF BHS	1.00	Officer	$0	$0	$0
JACOB GOERING	CEO / ADMIN.	40.00	Officer	$0	$21,368	$121,937
ROCKLON CHAPIN	PRIOR CEO BHS	1.00	Officer	$0	$97,324	$619,219

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
2018	$5,895,956	$6,038,775	No data	$-142,819

BENEDICTINE LIVING CENTER OF RED WING dba SEMINARY HOME