Legacy Senior Services (EIN 800015864) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2001

Legal Domicile

Principal Officer

Eric Lunde

Phone

7635375700

Tax Period

2023-01-01 to 2023-12-31

Legacy Senior Services is a 501(c)(3) with EIN 800015864, based in Minnetonka, MN. Founded in 2001, the organization files IRS Form 990 and reported its most recent data for fiscal year 2023. In that period, it reported $16,279,907 in total revenue and $16,617,860 in total expenses, with net assets of $2,089,742.

Mission

To operate skilled nursing facilities and senior housing communities.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $441,009

Program Service Revenue $15,836,371

Investment Income $2,527

Other Revenue $0

TOTAL REVENUE $16,279,907

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $8,838,823

Fundraising Expenses $0

Program Expenses $13,126,740

Other Expenses $7,772,037

TOTAL EXPENSES $16,617,860

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,279,907	$16,303,160	0.0%
Expenses	$16,617,860	$15,741,263	+0.1%
Net Income	$-337,953	$561,897	-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

390

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

$16,800

Total Directors

$31,200

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Eric Lund	President/Treasurer	5.00	Officer Director	$12,000	$0	$12,000
Roger Green	Secretary	5.00	Officer Director	$4,800	$0	$4,800
Joel Jensen	Director	5.00	Director	$4,800	$0	$4,800
Robert Beck	Director	5.00	Director	$4,800	$0	$4,800
Nadine Paitich	Director	5.00	Director	$4,800	$0	$4,800
Patrick Krejci	Admin. - LSS of Frazee & Traverse	40.00	Officer	$0	$0	$0
Dawn Eckert	Administrator - LSS of Frazee	40.00	Officer	$0	$0	$0
Samantha Stocke	Administrator-LSS of Marycrest	40.00	Officer	$0	$0	$0
Gifty Opare	Administrator-LSS of Marycrest	40.00	Officer	$0	$0	$0
Samantha Gerland partial year	Administrator - Traverse Care Center	40.00	Officer	$0	$0	$0
Tina Moore	Director of Nursing	40.00	Highest	$106,870	$10,169	$117,039
Hellen Omwenga	RN	40.00	Highest	$112,016	$0	$112,016

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	$16,279,907	$16,617,860	$10,431,343	$-337,953
2022	$16,303,160	$15,741,263	$10,817,792	$561,897
2021	$24,431,986	$23,743,694	$13,981,648	$688,292
2020	$24,625,122	$25,354,036	$22,110,267	$-728,914
2019	$22,331,157	$23,316,782	$19,290,175	$-985,625
2018	$22,980,455	$22,752,937	$13,766,965	$227,518

Legacy Senior Services