BENEDICTINE LIVING CENTER OF RED WING dba SEMINARY HOME

EIN: 454929398 501(c)(3)

CAMBRIDGE, MN

Total Revenue
$5,895,956
Total Expenses
$6,038,775
Total Assets
N/A
Net Assets
N/A
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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
MN
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

Our mission is to witness to God's love by providing compassionate, quality care with special concern for the underserved and those in need.

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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 (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

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Governance

Voting Members
6
Independent Members
4
Employees
173
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
7
$1,222,562
Total Directors
7
$828,190
Key Employees
0
$0
Highest Compensated
0
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
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