SALEM MENNONITE HOME FOR THE AGED

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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

1949

Legal Domicile

Principal Officer

STEVE SCHMIECHEL

Phone

6059254994

Tax Period

2022-09-01 to 2023-08-31

SALEM MENNONITE HOME FOR THE AGED, founded in 1949, is a small nonprofit in the Human Services sector that reported $626K in total revenue in fiscal year 2022. Revenue fell 65% from the prior year — a significant decline worth monitoring. Expenses of $592K left a modest 5% surplus.

Mission

THE SALEM MENNONITE HOME FOR THE AGED, DBA SALEM MENNONITE HOME, EXISTS IN RESPONSE TO GOD'S CALLING FOR A MINISTRY TO THE ELDERLY. OUR MISSION IS TO PROVIDE A HOME WITH A CHRISTIAN ATMOSPHERE THAT WILL CARE FOR THE PHYSICAL, EMOTIONAL, SOCIAL, AND SPIRITUAL NEEDS OF OLDER PERSONS.

Program Service Accomplishments

Program 1

Expenses: $520,296 Revenue: $546,529

SMH IS LICENSED FOR 52 BEDS. WE HAVE 35 ASSISTED LIVING APARTMENTS. SMH IS LICENSED TO CARE FOR RESIDENTS WHO REQUIRE MEDICATION ADMINISTRATION, ARE COGNITIVELY IMPAIRED, PHYSICALLY IMPAIRED...

SMH IS LICENSED FOR 52 BEDS. WE HAVE 35 ASSISTED LIVING APARTMENTS. SMH IS LICENSED TO CARE FOR RESIDENTS WHO REQUIRE MEDICATION ADMINISTRATION, ARE COGNITIVELY IMPAIRED, PHYSICALLY IMPAIRED, DEPENDENT ON SUPPLEMENTAL OXYGEN, AND REQUIRE THERAPEUTIC DIETS. SMH CARES FOR BOTH PRIVATE PAY INDIVIDUALS AND THOSE WHO RECEIVE MEDICAID BENEFITS FOR THEIR STAY. ADDITIONALLY, SMH HAS 4 INDEPENDENT HOUSING APARTMENTS IN A SEPERATE BUILDING CLOSE BY. DURING FY2023, SMH TRANSFERRED ITS ASSETS AND OPERATIONS TO FREEMAN REGIONAL HEALTH 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 (2022)

Revenue Breakdown

Contributions & Grants $77,130

Program Service Revenue $546,529

Investment Income $347

Other Revenue $2,185

TOTAL REVENUE $626,191

Expense Breakdown

Grants Paid $0

Salaries & Benefits $407,270

Fundraising Expenses $64

Program Expenses $520,296

Other Expenses $184,939

TOTAL EXPENSES $592,209

Year-over-Year Comparison

	2022	2021	Change
Revenue	$626,191	$1,769,428	-0.6%
Expenses	$592,209	$1,679,874	-0.6%
Net Income	$33,982	$89,554	-0.6%

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

$91,405

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE SCHMEICHEL	PRESIDENT	5.00	Officer Director	$0	$0	$0
DAWN STAHL	VICE PRESIDENT/SECRETARY	2.00	Officer Director	$0	$0	$0
NATHAN WALTER	CO-TREASURER	1.00	Officer Director	$0	$0	$0
JAMES RIGO	CO-TREASURER	1.00	Officer Director	$0	$0	$0
NORM KAUFMAN	DIRECTOR	1.00	Director	$0	$0	$0
SHANE VETCH	DIRECTOR	1.00	Director	$0	$0	$0
SHIRLEY KNODEL	ADMINISTRATOR (UNTIL 12/16/22)	40.00	Officer	$77,425	$13,980	$91,405

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
2023	$626,191	$592,209	No data	$33,982
2022	$1,769,428	$1,679,874	$1,499,799	$89,554
2021	$1,877,516	$1,753,065	$1,407,454	$124,451
2020	$1,669,358	$1,586,519	$1,548,526	$82,839
2019	$1,644,979	$1,608,875	$1,263,847	$36,104
2018	$1,483,776	$1,513,869	$1,151,561	$-30,093