United Retirement Center

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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

1956

Legal Domicile

Phone

6056925351

Tax Period

2023-01-01 to 2023-12-31

United Retirement Center, founded in 1956, is a community nonprofit in the Human Services sector that reported $7.2M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year. Expenses of $8.0M exceeded revenue, resulting in a 10% operating deficit.

Mission

Our mission is to provide a continuum of care that embraces changing needs of the community.Our facilities can provide any level of care a loved one may need. We offer a wide range of options include independent living, assisted living, skilled care, and temporary care. No matter the medical support your loved one may need, we're here to offer the best in physical, mental, and social care.

Program Service Accomplishments

Program 1

Expenses: $7,139,374 Revenue: $7,137,624

United Retirement Center operated an 81 bed skilled care nursing facility along with 1apartment units (Park Place Apartments), and 28 assisted living units (Park Place Assisted Living Center) located in Brookings, South Dakota. The facility is a charitable nonprofit corporation organized to provide the older adults in the community with the highest quality of care.

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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 $10,864

Program Service Revenue $7,098,814

Investment Income $106,578

Other Revenue $32,870

TOTAL REVENUE $7,249,126

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,012,832

Fundraising Expenses $0

Program Expenses $7,139,374

Other Expenses $3,968,889

TOTAL EXPENSES $7,981,721

Year-over-Year Comparison

	2023	2022	Change
Revenue	$7,249,126	$8,426,759	-0.1%
Expenses	$7,981,721	$7,801,815	+0.0%
Net Income	$-732,595	$624,944	-2.2%

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

190

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

$103,852

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Justin Werkmeister	CFO	40.00	Officer	$98,907	$4,945	$103,852
Mike Sprenger	Director	1.00	Director	$0	$0	$0
Carrie Vugteveen	Director	1.00	Director	$0	$0	$0
Lois Tschetter	Director	1.00	Director	$0	$0	$0
Steve Kirkey	Director	1.00	Director	$0	$0	$0
Mary Malo	Director	1.00	Director	$0	$0	$0
Rose Stee	Director	1.00	Director	$0	$0	$0
Sandra Diedrich	Secretary	0.00	Director	$0	$0	$0
Louise Loban	Vice President	1.00	Officer	$0	$0	$0
Joan Hegerfeld Baker	President	1.00	Officer	$0	$0	$0
Randy Knutzen DDS	Treasurer	1.00	Officer	$0	$0	$0

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	$7,249,126	$7,981,721	$8,554,122	$-732,595
2022	$8,426,759	$7,801,815	$9,306,586	$624,944
2021	$6,878,493	$6,986,028	$9,279,217	$-107,535
2020	$12,773,138	$7,617,445	$9,396,325	$5,155,693
2019	$6,875,885	$7,160,453	$8,478,459	$-284,568
2018	$6,559,008	$6,896,136	$8,919,980	$-337,128