DOW RUMMEL VILLAGE

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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

1958

Legal Domicile

Principal Officer

JOSH HOFMEYER

Phone

6053361490

Tax Period

2024-05-01 to 2025-04-30

DOW RUMMEL VILLAGE, founded in 1958, is a mid-sized nonprofit in the Human Services sector that reported $26.2M in total revenue in fiscal year 2024. Revenue decreased 11% compared to the prior year.

Mission

GUIDED BY SPIRITUAL VALUES, WE ENRICH LIVES BY PROVIDING EXTRAORDINARY SENIOR CARE.

Program Service Accomplishments

Program 1

Expenses: $23,565,435 Revenue: $23,247,124

DOW RUMMEL VILLAGE IS A NON-DENOMINATIONAL, NONPROFIT ORGANIZATION OPERATING A CONTINUING CARE RETIREMENT COMMUNITY WHICH CONSISTS OF 114 INDEPENDENT LIVING APARTMENTS, 34 ASSISTED LIVING APARTMENTS, 30 FLEX APARTMENTS SET UP FOR RESIDENTS TO AGE-IN-PLACE (ASSISTED LIVING AND INDEPENDENT LIVING COMMINGLED APARTMENTS), 30 ENHANCED ASSISTED LIVING APARTMENTS, 30 ENHANCED MEMORY CARE APARTMENTS AND A 50-BED HEALTH CARE CENTER IN SIOUX FALLS, SD. THE APPROXIMATE NUMBER OF RESIDENTS SERVED FROM MAY 1, 2024 TO APRIL 30, 2025 WAS 444. TO FULFILL ITS MISSION OF COMMUNITY SERVICE, DOW RUMMEL PROVIDES ACCOMMODATIONS AND SERVICES WITHOUT CHARGE OR AT AMOUNTS LESS THAN ITS ESTABLISHED RATES TO RESIDENTS WHO MEET CERTAIN CRITERIA. DOW RUMMEL MAINTAINS RECORDS TO IDENTIFY AND MONITOR THE LEVEL OF CHARITY CARE IT PROVIDES. THESE RECORDS INCLUDE THE AMOUNT OF CHARGES FOREGONE FOR ACCOMMODATIONS AND SERVICES FURNISHED UNDER ITS CHARITY CARE POLICY AND EQUIVALENT SERVICE STATISTICS. THE AMOUNTS NOT REPORTED AS REVENUE, BASED ON ESTABLISHED RATES, WERE $445,000 FOR THE YEAR ENDED APRIL 30, 2025.

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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 (2024)

Revenue Breakdown

Contributions & Grants $698,067

Program Service Revenue $23,247,124

Investment Income $2,213,280

Other Revenue $20,469

TOTAL REVENUE $26,178,940

Expense Breakdown

Grants Paid $378,580

Salaries & Benefits $14,718,374

Fundraising Expenses $323,692

Program Expenses $23,565,435

Other Expenses $12,010,064

TOTAL EXPENSES $27,107,018

Year-over-Year Comparison

	2024	2023	Change
Revenue	$26,178,940	$29,487,732	-0.1%
Expenses	$27,107,018	$26,253,753	+0.0%
Net Income	$-928,078	$3,233,979	-1.3%

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

392

Volunteers

110

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

$583,602

Total Directors

Key Employees

$173,338

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JASON HERRBOLDT	CHAIRPERSON	4.00	Officer Director	$0	$0	$0
MARGARET CARMODY	VICE CHAIRPERSON	2.00	Officer Director	$0	$0	$0
LARRY FULLER	SECRETARY	2.00	Officer Director	$0	$0	$0
JIM BRECKENRIDGE	TREASURER	2.00	Officer Director	$0	$0	$0
MICHAEL BENDER	TRUSTEE	2.00	Director	$0	$0	$0
DEB DIMICK	TRUSTEE	2.00	Director	$0	$0	$0
DIANNE HARRIS	TRUSTEE	2.00	Director	$0	$0	$0
BRENDA FREVIK	TRUSTEE	2.00	Director	$0	$0	$0
ANDREW HEWITT	TRUSTEE	2.00	Director	$0	$0	$0
STACEY LENKER	TRUSTEE	2.00	Director	$0	$0	$0
MARK MILLAGE	TRUSTEE	2.00	Director	$0	$0	$0
TIFFANY MILLER	TRUSTEE	2.00	Director	$0	$0	$0
MELISSA MOERIKE	TRUSTEE	2.00	Director	$0	$0	$0
CHARISSE OLAND	TRUSTEE	2.00	Director	$0	$0	$0
JIM STURDEVANT	TRUSTEE	2.00	Director	$0	$0	$0
TOM ROUST	TRUSTEE	2.00	Director	$0	$0	$0
MICHAEL REDINGER	CFO	50.00	Officer	$127,659	$13,089	$140,748
JOSH HOFMEYER	CEO	50.00	Officer	$294,287	$21,065	$315,352
JORI ADLER	COO	50.00	Officer	$122,003	$5,499	$127,502
CHRIS HAHN	ADMIN. OF HEALTH CARE SERVICES	40.00	Key Emp	$159,192	$14,146	$173,338
JASON JOHNS	DIRECTOR OF NURSING	40.00	Highest	$109,587	$6,398	$115,985
SIERRA CATES	TEAM LEAD LPN	55.00	Highest	$118,844	$8,938	$127,782
OLAMIDE BALOGUN	LPN	55.00	Highest	$114,557	$8,748	$123,305
LISA GEIS	ADMIN. OF IL & SUPPORT SERVICES	40.00	Highest	$122,837	$13,629	$136,466
KJERSTEN JOACHIM	ED OF SALES AND MARKETING	40.00	Highest	$134,695	$8,450	$143,145
KEVIN KAUFMAN	FORMER CFO	0.00		$128,731	$9,645	$138,376

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	$26,178,940	$27,107,018	$71,739,173	$-928,078
2024	$29,487,732	$26,253,753	$72,757,161	$3,233,979
2023	$22,515,160	$24,693,540	$69,900,520	$-2,178,380
2022	$21,948,351	$22,433,080	$72,017,230	$-484,729
2021	$21,869,236	$22,043,235	$76,963,129	$-173,999
2020	$18,523,416	$19,954,783	$76,421,386	$-1,431,367
2019	$15,229,738	$15,037,413	$77,777,155	$192,325
2018	$14,059,151	$13,723,696	$77,663,455	$335,455