ELK HAVEN FOUNDATION

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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

2019

Legal Domicile

Principal Officer

JUNE SORG

Phone

8148372618

Tax Period

2023-01-01 to 2023-12-31

ELK HAVEN FOUNDATION, founded in 2019, is a small nonprofit in the Human Services sector that reported $434K in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion. The organization ran a surplus of $338K, a strong 78% operating margin.

Mission

AS A NON-PROFIT ORGANIZATION, WE WILL SUPPORT, ASSIST AND BENEFIT THE MISSION AND PURPOSES OF ELK HAVEN NURSING HOME ASSOCIATION AND ITS OPERATING ENTITIES THROUGH THE SOLICITATION, INVESTMENT, ACCRUAL AND DISBURSEMENT OF ECONOMIC ASSETS FOR THE SOLE BENEFIT AND SUPPORT OF ELK HAVEN NURSING HOME ASSOCIATION.ELK HAVEN FOUNDATION WILL RAISE, MANAGE AND DISTRIBUTE FUNDS IN WAYS THAT WILL MEET SPECIAL NEEDS AND ENHANCE THE QUALITY OF LIVING FOR THE RESIDENTS AND SENIORS THAT THE ASSOCIATION SERVES, AS WELL AS THE EMPLOYEES THAT SERVE THE MISSION OF THE ASSOCIATION.

Program Service Accomplishments

Program 1

Expenses: $35,633

THE GOALS OF ELK HAVEN FOUNDATION TO ASSIST ELK HAVEN NURSING HOME ASSOCIATION IN ACHIEVING ITS MISSION INCLUDE THE FOLLOWING:EXPAND COMMUNITY RECOGNITION OF ELK HAVEN NURSING HOME ASSOCIATION AND...

THE GOALS OF ELK HAVEN FOUNDATION TO ASSIST ELK HAVEN NURSING HOME ASSOCIATION IN ACHIEVING ITS MISSION INCLUDE THE FOLLOWING:EXPAND COMMUNITY RECOGNITION OF ELK HAVEN NURSING HOME ASSOCIATION AND ITS OPERATING SUBSIDIARIES AND/OR DIVISIONS IN THE MARKETS THEY SERVE AS NOT-FOR-PROFIT ORGANIZATION WORTHY OF SUPPORT;OVERSEE ALL FUNDRAISING AND CAPITAL CAMPAIGN ACTIVITIES AS DETAIL ON EXHIBIT 7 TO PROVIDE ADDITIONAL FUNDS TO THE SUPPORTED ORGANIZATIONS. IT IS BELIEVED THAT ELK HAVEN FOUNDATION, AS A PUBLIC CHARITY FOUNDATION, WILL HAVE GREATER SUCCESS IN CAPITAL CAMPAIGNS AND FUNDRAISING ACTIVITIES DUE TO THE PERCEPTION OF INDIVIDUALS CONTRIBUTING TO A FOUNDATION IS MORE FAVORABLE THAN CONTRIBUTING TO A SKILLED NURSING FACILITY;TO EDUCATE AND ASSIST IN THE UNDERSTANDING OF THE UNDENIABLE NEED FOR ADDITIONAL SUPPORT FOR THE RESIDENTS OF SILVER CREEK TERRACE PERSONAL CARE COMMUNITY, INCLUDING FINANCIAL APD CHARITABLE CARE SUPPORT FOR ITS RESIDENTS. THROUGH FINANCIAL SUPPORT, AIDE THE GROWTH OF THE CONTINUING CARE COMMUNITY OF ELK HAVEN NURSING HOME ASSOCIATION THROUGH OFFERING MORE RELEVANT SERVICES AND RESIDENTIAL LIVING OPTIONS, INCLUDING:- HOME HEALTHCARE AND OUTPATIENT THERAPY SERVICES- HOME CARE SERVICES, SUCH AS HOUSEKEEPING, LAUNDRY, TRANSPORTATION SERVICES TO ALLOW SENIORS TO AGE IN PLACE- MEALS-ON-WHEELS TYPE PROGRAM TO PROVIDE MEALS TO AT-RISK SENIORS IN THE MARKET AREA THE ASSOCIATION SERVES- EXPANDED SERVICES TO SENIOR CITIZENS WITH MEMORY CARE, ALZHEIMER'S OR DEMENTIA CHALLENGES- ADULT DAY CARE SERVICES AND INTERGENERATIONAL DAY CARE- TRANSPORTATION SERVICES- OTHER COMMUNITY-BASED SERVICES

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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 $0

Program Service Revenue $0

Investment Income $433,684

Other Revenue $0

TOTAL REVENUE $433,684

Expense Breakdown

Grants Paid $35,633

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $35,633

Other Expenses $59,669

TOTAL EXPENSES $95,302

Year-over-Year Comparison

	2023	2022	Change
Revenue	$433,684	$385,691	+0.1%
Expenses	$95,302	$394,976	-0.8%
Net Income	$338,382	$-9,285	-37.4%

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JUNE SORG	PRESIDENT	2.00	Officer Director	$0	$0	$0
CHARLETTE GERG	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
ROBERT SCHRIEBER	SECRETARY/TREASURER	2.00	Officer Director	$0	$0	$0
FRANK BEIMEL	BOARD MEMBER	2.00	Director	$0	$0	$0
LOU RADKOWSKI	BOARD MEMBER	2.00	Director	$0	$0	$0
MARK JACOB	SOLICITOR	2.00	Officer	$0	$0	$0
ARLENE ANDERSON	ADMINISTRATOR	2.00	Officer	$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	No data	No data	No data	No data
2023	$433,684	$95,302	$17,156,441	$338,382
2022	$385,691	$394,976	$16,441,784	$-9,285
2021	$390,165	$160,640	$17,919,365	$229,525
2020	$19,512	$2,099	$18,145,656	$17,413