ISLAND LIVING INC

EIN: 831526910 501(c)(3) Housing & Shelter

BIRD ISLAND, MN

Total Revenue
$471,542
Total Expenses
$1,013,618
Total Assets
$4,631,608
Net Assets
$181,644
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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
2018
Legal Domicile
MN
Principal Officer
SUSAN PETERSON
Phone
3205939422
Tax Period
2025-01-01 to 2025-12-31

ISLAND LIVING INC, founded in 2018, is a small nonprofit in the Housing & Shelter sector that reported $472K in total revenue in fiscal year 2025. Expenses of $1.0M exceeded revenue, resulting in a 115% operating deficit.

Mission

TO OPERATE, MANAGE AND SUPPORT RESIDENTIAL LIVING FACILITIES AND SERVICES FOR SENIOR AND ELDERLY RESIDENTS.

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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 (2025)

Revenue Breakdown

Contributions & Grants $1,563
Program Service Revenue $469,979
Investment Income $0
Other Revenue $0
TOTAL REVENUE $471,542

Expense Breakdown

Grants Paid $0
Salaries & Benefits $429,837
Fundraising Expenses $0
Program Expenses $1,013,618
Other Expenses $583,781
TOTAL EXPENSES $1,013,618

Year-over-Year Comparison

2025 2024 Change
Revenue $471,542 N/A N/A
Expenses $1,013,618 N/A N/A
Net Income $-542,076 N/A N/A
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
6
Independent Members
6
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
1
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER CASPERS DIRECTOR 2.00
Director
$0 $0 $0
TODD FRITSCHE DIRECTOR 2.00
Director
$0 $0 $0
DAWN MERTENS SECRETARY 2.00
Director
$0 $0 $0
SUSAN PETERSON PRESIDENT 2.00
Officer Director
$0 $0 $0
NEAL PROKOSCH VICE-PRESIDE 2.00
Director
$0 $0 $0
JAMES SCHNEIDER DIRECTOR 2.00
Director
$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
2025 $471,542 $1,013,618 $4,631,608 $-542,076
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