SKAALEN RETIREMENT SERVICES INC (EIN 813945492) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

SKAALEN RETIREMENT SERVICES INC, founded in 2005, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $1.7M exceeded revenue, resulting in a 16% operating deficit.

Mission

TO PROVIDE AFFORDABLE ASSISTED LIVING FOR SENIORS AGE 62 AND OLDER.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,423,881

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,423,881

Expense Breakdown

Grants Paid $0

Salaries & Benefits $577,210

Fundraising Expenses $0

Program Expenses $1,586,633

Other Expenses $1,075,702

TOTAL EXPENSES $1,652,912

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,423,881	$1,292,513	+0.1%
Expenses	$1,652,912	$1,596,794	+0.0%
Net Income	$-229,031	$-304,281	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

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

$249,005

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BILL HASZ	DIRECTOR	1.00	Director	$0	$0	$0
REV SCOTT GEISTER-JONES	DIRECTOR	1.00	Director	$0	$0	$0
MEG VEEK	SECRETARY/TR	1.00	Director	$0	$0	$0
REBECCA KLONGLAND	DIRECTOR	1.00	Director	$0	$0	$0
MARK SCHUBRING	VICE CHAIR	1.00	Director	$0	$0	$0
JO LAFFEY	DIRECTOR	1.00	Director	$0	$0	$0
RANDY OLSEN	DIRECTOR	1.00	Director	$0	$0	$0
CATHY RIGDON	DIRECTOR	1.00	Director	$0	$0	$0
MARSHA BORLING	CHAIR	1.00	Director	$0	$0	$0
N/A	PRESIDENT/CE	N/A	Officer	$0	$52,255	$249,005

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	$1,423,881	$1,652,912	$8,263,265	$-229,031
2022	$1,292,513	$1,596,794	$8,478,136	$-304,281
2021	$1,140,376	$1,621,467	$8,810,311	$-481,091
2020	$697,715	$1,372,428	$8,973,994	$-674,713
2019	$635,429	$1,210,634	$9,237,068	$-575,205
2018	$146,607	$510,008	$9,618,037	$-363,401

SKAALEN RETIREMENT SERVICES INC