REEDSBURG AREA SENIOR LIFE CENTER INC

EIN: 760775289 501(c)(3) Housing & Shelter

REEDSBURG, WI

Total Revenue
$6,806,081
Total Expenses
$6,662,596
Total Assets
$7,856,574
Net Assets
$1,257,584
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2004
Legal Domicile
WI
Principal Officer
ROBERT VAN MEETEREN
Phone
6085246577
Tax Period
2023-10-01 to 2024-09-30

REEDSBURG AREA SENIOR LIFE CENTER INC, founded in 2004, is a community nonprofit in the Housing & Shelter sector that reported $6.8M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

REEDSBURG AREA SENIOR LIFE CENTER PROVIDES COMPASSIONATE, QUALITY AND EFFIECIENT HEALTHCARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,421,748
Program Service Revenue $5,358,742
Investment Income $563
Other Revenue $25,028
TOTAL REVENUE $6,806,081

Expense Breakdown

Grants Paid $3,600
Salaries & Benefits $4,743,339
Fundraising Expenses $0
Program Expenses $6,261,308
Other Expenses $1,915,657
TOTAL EXPENSES $6,662,596

Year-over-Year Comparison

2023 2022 Change
Revenue $6,806,081 $6,088,018 +0.1%
Expenses $6,662,596 $6,721,957 0.0%
Net Income $143,485 $-633,939 -1.2%
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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Governance

Voting Members
6
Independent Members
6
Employees
N/A
Volunteers
18

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
6
$650
Total Directors
6
$1,050
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PHIL PETERSON CHAIRMAN 0.50
Officer Director
$300 $0 $300
DEREK HORKAN SECRETARY AND TREASURER 0.50
Officer Director
$50 $0 $50
JUDY BASS DIRECTOR 0.50
Director
$200 $0 $200
TAMMY KOENECKE SECRETARY AND TREASURER 0.50
Officer Director
$300 $0 $300
KATHY SCHWARTZ DIRECTOR 0.50
Director
$200 $0 $200
KATY PRANGE DIRECTOR 0.50
Director
$0 $0 $0
RYAN SHEAR VICE PRESIDENT 40.00
Officer
$0 $0 $0
ROBERT VAN MEETEREN PRESIDENT/CEO 0.50
Officer
$0 $0 $0
BARRY BORCHERT CFO 0.50
Officer
$0 $0 $0
HEATHER FRANK DIRECTOR OF NURSING 40.00
Highest
$0 $0 $0
KATHY BORUD REGISTERED NURSE 40.00
Highest
$0 $0 $0
TINA LYONS REGISTERED NURSE 40.00
Highest
$0 $0 $0
KATHY KINSMAN RESIDENT CARE COORDINATOR 40.00
Highest
$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 $6,806,081 $6,662,596 $7,856,574 $143,485
2023 $6,088,018 $6,721,957 $8,047,453 $-633,939
2022 $6,647,062 $6,167,133 $9,104,785 $479,929
2021 $5,047,432 $5,101,782 $9,188,721 $-54,350
2020 $5,520,356 $4,756,356 $9,238,911 $764,000
2019 $5,876,363 $6,079,948 $8,895,231 $-203,585
2018 $5,719,544 $6,878,952 $9,659,591 $-1,159,408
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