ILLUMINUS RETIREMENT COMMUNITIES INC F/K/A THE HILLS AT CORTLAND RIDGE

EIN: 611517711 501(c)(3) Housing & Shelter

WATERTOWN, WI

Total Revenue
$53,899,385
Total Expenses
$57,567,941
Total Assets
$79,801,224
Net Assets
$14,795,374
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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
2007
Legal Domicile
WI
Principal Officer
MATTHEW MAUTHE
Phone
9209610400
Tax Period
2024-07-01 to 2025-06-30

ILLUMINUS RETIREMENT COMMUNITIES INC F/K/A THE HILLS AT CORTLAND RIDGE, founded in 2007, is a mid-sized nonprofit in the Housing & Shelter sector that reported $53.9M in total revenue in fiscal year 2024. Revenue surged 82394% from the prior year, signaling strong growth momentum.

Mission

TO DEVELOP A COMMUNITY THAT PROVIDES A VARIETY OF INDEPENDENT LIVING ARRANGEMENTS AND OFFERS A CONTINUUM OF WELLNESS AND ASSISTANCE-IN-LIVING PROGRAMS.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $53,327,584
Investment Income $38,910
Other Revenue $532,891
TOTAL REVENUE $53,899,385

Expense Breakdown

Grants Paid $0
Salaries & Benefits $22,187,585
Fundraising Expenses $0
Program Expenses $50,484,995
Other Expenses $35,380,356
TOTAL EXPENSES $57,567,941

Year-over-Year Comparison

2024 2023 Change
Revenue $53,899,385 $65,337 +823.9%
Expenses $57,567,941 $605,491 +94.1%
Net Income $-3,668,556 $-540,154 +5.8%
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

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Governance

Voting Members
7
Independent Members
4
Employees
N/A
Volunteers
9

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
5
$1,451,064
Total Directors
8
$0
Key Employees
6
$1,346,501
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TODD FISCHER PRESIDENT 0.50
Director
$0 $0 $0
ROBERT MEIDENBAUER SECRETARY/TREASURER 0.50
Director
$0 $0 $0
SCOTT DETTMANN ASST SECRETARY/ASST TREASURER 0.50
Director
$0 $0 $0
DENNIS KONKOL BOARD MEMBER 0.50
Director
$0 $0 $0
KEVIN KOHLHOFF BOARD MEMBER 0.50
Director
$0 $0 $0
REV KATE VAN DER LINDEN BOARD MEMBER 0.50
Director
$0 $0 $0
LYNNE WAGNER BOARD MEMBER 0.50
Director
$0 $0 $0
STEVER HEROUX BOARD MEMBER 0.50
Director
$0 $0 $0
MATTHEW MAUTHE CEO 5.00
Officer
$0 $27,113 $696,724
NICOLE CHWALA CFO 5.00
Officer
$0 $26,894 $324,057
MICHAEL LIBBY SVP OF OPERATIONS 5.00
Officer
$0 $22,078 $353,228
KEN SMITH PRESIDENT OF ILLUMINUS 5.00
Officer
$0 $3,046 $77,055
JULIE MARKS CFO 5.00
Officer
$0 $0 $0
JUSTIN MUNZEL SENIOR VP OF COMMONHEART 5.00
Key Emp
$0 $25,787 $248,173
MARK PIETROWIAK VP OF BUSINESS DEVELOPMENT 5.00
Key Emp
$0 $26,648 $246,280
JEFF HACKEL SVP OF HR 5.00
Key Emp
$0 $22,887 $244,535
SHERRY CIRA SVP OF ADMINISTRATION 5.00
Key Emp
$0 $7,476 $238,495
JENNIFER JOHNSON EXECUTIVE DIRECTOR-THE MAR 5.00
Key Emp
$0 $22,802 $186,500
GARY THORPE VP OF HUMAN RESOURCES 5.00
Key Emp
$0 $21,600 $182,518
DAVID BERTSCH SVP OF FACILITIES AND CONSTRUCTION 5.00
Highest
$0 $16,711 $196,721
KEITH VANLANDUYT SVP OF MARKETING AND PHILANTHROPY 5.00
Highest
$0 $7,192 $195,209
MIKE JONES EXECUTIVE DIRECTOR 5.00
Highest
$0 $14,179 $179,940
SUZANNE WHITTY EXECUTIVE DIRECTOR 5.00
Highest
$0 $13,407 $163,468
NICOLE MARTIN SVP OF SALES 5.00
Highest
$0 $5,306 $138,472
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 $53,899,385 $57,567,941 $79,801,224 $-3,668,556
2024 No data No data No data No data
2023 $65,337 $605,491 $5,673,756 $-540,154
2022 $107,296 $149,076 $4,564,948 $-41,780
2018 $979 $847,323 No data $-846,344
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