ESSENTIAL LIVING INC

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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

2015

Legal Domicile

Principal Officer

BLAKE NYBAKKEN

Phone

7018523045

Tax Period

2025-01-01 to 2025-12-31

ESSENTIAL LIVING INC, founded in 2015, is a small nonprofit in the Housing & Shelter sector that reported $608K in total revenue in fiscal year 2025. Expenses of $1.0M exceeded revenue, resulting in a 68% operating deficit.

Mission

TO PROVIDE AFFORDABLE HOUSING.

Program Service Accomplishments

Program 1

Expenses: $968,623 Revenue: $608,028

PROVIDES LOW-INCOME HOUSING TO CITIZENS OF NORTH DAKOTA WHO ARE FIFTY-FIVE YEARS AND OLDER, ESSENTIAL WORKERS, AND/OR OTHERS WHO MAY QUALIFY FOR AFFORDABLE HOUSING PURSUANT TO THE DEPARTMENT OF...

PROVIDES LOW-INCOME HOUSING TO CITIZENS OF NORTH DAKOTA WHO ARE FIFTY-FIVE YEARS AND OLDER, ESSENTIAL WORKERS, AND/OR OTHERS WHO MAY QUALIFY FOR AFFORDABLE HOUSING PURSUANT TO THE DEPARTMENT OF HOSUING AND URBAN DEVELOPMENT AND THE NORTH DAKOTA HOUSING FINANCE AGENCY.

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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 (2025)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $546,932

Investment Income $373

Other Revenue $61,096

TOTAL REVENUE $608,401

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $968,623

Other Expenses $1,020,615

TOTAL EXPENSES $1,020,615

Year-over-Year Comparison

	2025	2024	Change
Revenue	$608,401	$628,019	0.0%
Expenses	$1,020,615	$784,807	+0.3%
Net Income	$-412,214	$-156,788	+1.6%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRUCE WALKER	PRESIDENT	5.00	Officer Director	$0	$0	$0
STEVE GEHRTZ	VICE PRESIDENT	5.00	Officer Director	$0	$0	$0
BLAKE NYBAKKEN	TREASURER	5.00	Officer Director	$0	$0	$0
VICKI CAMPBELL	PRINCIPAL	5.00	Officer 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
2025	$608,401	$1,020,615	$9,632,835	$-412,214
2024	$628,019	$784,807	$10,160,707	$-156,788
2023	$602,906	$870,254	$10,394,210	$-267,348
2022	$379,823	$573,501	$10,627,377	$-193,678
2021	$343,093	$428,087	$8,014,666	$-84,994
2020	$335,248	$430,488	$6,148,121	$-95,240
2019	$326,199	$451,939	$5,685,158	$-125,740
2018	$168,044	$434,520	$5,931,614	$-266,476