THE FOUNDATION FOR HEALTH CARE CON… - 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

1995

Legal Domicile

Principal Officer

KEVIN HARGUTH

Phone

3202531920

Tax Period

2023-10-01 to 2024-09-30

THE FOUNDATION FOR HEALTH CARE CONTINUUMS, founded in 1995, is a mid-sized nonprofit in the Health Care sector that reported $42.5M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $40.2M left a modest 5% surplus.

Mission

THE MISSION OF THE FOUNDATION FOR HEALTH CARE CONTINUUMS IS TO STRENGTHEN EACH COMMUNITY WE SERVE BY PROVIDING A WIDE SPECTRUM OF HOUSING AND HEALTH CARE SERVICES THAT HONOR THE EVOLVING, AGING POPULATION.

Program Service Accomplishments

Program 1

Expenses: $21,684,950 Revenue: $20,123,219

COUNTRY MANOR HEALTH AND REHAB CENTER: THIS IS A 165 BED SKILLED NURSING FACILITY DESIGNED TO HELP MEET THE NEEDS OF THE AGING AND INFIRM. THERE WERE 40,807 RESIDENT DAYS FOR THE FISCAL YEAR. THE...

COUNTRY MANOR HEALTH AND REHAB CENTER: THIS IS A 165 BED SKILLED NURSING FACILITY DESIGNED TO HELP MEET THE NEEDS OF THE AGING AND INFIRM. THERE WERE 40,807 RESIDENT DAYS FOR THE FISCAL YEAR. THE CENTER ALSO PROVIDES OUTPATIENT THERAPY SERVICES TO THE GENERAL PUBLIC.

Program 2

Expenses: $4,222,897 Revenue: $4,981,258

COUNTRY MANOR ST. JOSEPH: THIS IS AN 84-UNIT SENIOR LIVING CAMPUS IN ST. JOSEPH, MINNESOTA. THE CAMPUS IS OPERATED UNDER THE NAME WOODCREST OF COUNTRY MANOR. THERE WERE AN AVERAGE OF 84 UNITS RENTED...

Program 3

Expenses: $3,818,835 Revenue: $4,675,449

COUNTRY MANOR EXTENDED SERVICES: THIS PROGRAM HAS TWO HOME HEALTH AGENCIES DESIGNED TO PROVIDE NURSING SERVICES AND THERAPY SERVICES TO CLIENTS IN THEIR HOME. 496 CLIENTS WERE SERVED DURING THE YEAR.

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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 $829,377

Program Service Revenue $38,775,469

Investment Income $609,180

Other Revenue $2,323,484

TOTAL REVENUE $42,537,510

Expense Breakdown

Grants Paid $2,417

Salaries & Benefits $25,429,054

Fundraising Expenses $0

Program Expenses $37,182,316

Other Expenses $14,800,749

TOTAL EXPENSES $40,232,220

Year-over-Year Comparison

	2023	2022	Change
Revenue	$42,537,510	$37,743,966	+0.1%
Expenses	$40,232,220	$37,648,115	+0.1%
Net Income	$2,305,290	$95,851	+23.1%

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

N/A

Employees

834

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

$581,252

Total Directors

$77,500

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN KELM	CEO	39.00	Officer	$254,329	$13,056	$267,385
KEVIN HARGUTH	CFO	39.00	Officer	$262,355	$19,012	$281,367
BECKY FRERICKS	VP OF LONG TERM CARE	40.00	Highest	$265,035	$17,203	$282,238
ANTHONY FENSTAD	VP OF SENIOR HOUSING	40.00	Highest	$223,143	$10,256	$233,399
JOSHUA LEMM	PHARMACIST	40.00	Highest	$194,147	$18,840	$212,987
CHRISTINE LINGQUIST	SNF DIRECTOR OF NURISNG	40.00	Highest	$173,516	$17,313	$190,829
EMILY FRERICKS	DIRECTOR OF PUBLIC RELATIONS	40.00	Highest	$167,582	$8,103	$175,685
MICHAEL ROSEN	PRESIDENT	0.50	Officer Director	$17,500	$0	$17,500
FRED BROWN	SECRETARY	0.50	Officer Director	$15,000	$0	$15,000
PAUL SANDERS	DIRECTOR	0.50	Director	$15,000	$0	$15,000
SHERRY WHEATON	DIRECTOR	0.50	Director	$15,000	$0	$15,000
FELIX FRARACCIO	DIRECTOR	0.50	Director	$15,000	$0	$15,000

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	$42,537,510	$40,232,220	$66,566,797	$2,305,290
2023	$37,743,966	$37,648,115	$64,480,838	$95,851
2022	$34,283,887	$35,451,597	$65,353,779	$-1,167,710
2021	$36,760,475	$36,218,158	$70,652,957	$542,317
2020	$38,879,949	$40,091,300	$72,483,404	$-1,211,351
2019	$37,774,709	$37,784,588	$72,438,198	$-9,879
2018	$35,705,096	$35,493,827	$57,872,204	$211,269

THE FOUNDATION FOR HEALTH CARE CONTINUUMS