Serenity Suites Senior Living at 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

2014

Legal Domicile

Principal Officer

Catherine Marie Schwarz

Phone

5073422300

Tax Period

2023-01-01 to 2023-12-31

Serenity Suites Senior Living at Wabasso, founded in 2014, is a community nonprofit in the Housing & Shelter sector that reported $1.0M in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $898K left a modest 12% surplus.

Mission

Serenity Suites provides a home with independent living in a compassionate and safe environment where all are treated with dignity and respect.

Program Service Accomplishments

Program 1

Expenses: $562,933 Revenue: $995,329

Serenity Suites Senior Living at Wabasso operates a 15-unit senior living facility in Wabasso, MN. This building allows for seniors in the community to remain in their community to receive Home 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 $24,660

Program Service Revenue $995,329

Investment Income $9

Other Revenue $98

TOTAL REVENUE $1,020,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $448,135

Fundraising Expenses $0

Program Expenses $562,933

Other Expenses $449,907

TOTAL EXPENSES $898,042

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,020,096	$838,163	+0.2%
Expenses	$898,042	$828,518	+0.1%
Net Income	$122,054	$9,645	+11.7%

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

$98,110

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Anne Barber	Executive Dir.	40.00	Officer	$83,977	$14,133	$98,110
Charles Daub	Director	0.80	Director	$0	$0	$0
Catherine Schwarz	President	0.80	Officer Director	$0	$0	$0
Curtis Trost	Vice President	0.80	Officer Director	$0	$0	$0
Kelly Rohlik	Director	0.80	Director	$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	$1,020,096	$898,042	$1,805,896	$122,054
2022	$838,163	$828,518	$1,853,714	$9,645
2021	$656,719	$807,543	$1,982,417	$-150,824
2020	$768,957	$933,454	$2,129,639	$-164,497
2019	$523,242	$752,467	$2,203,838	$-229,225

Serenity Suites Senior Living at Wabasso