MERCY-PHS SENIOR HOUSING INC

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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

JONATHAN FLETCHER

Phone

6516316162

Tax Period

2023-10-01 to 2024-09-30

MERCY-PHS SENIOR HOUSING INC, founded in 2019, is a community nonprofit in the Housing & Shelter sector that reported $8.8M in total revenue in fiscal year 2023. Revenue surged 6054% from the prior year, signaling strong growth momentum. Expenses of $15.4M exceeded revenue, resulting in a 76% operating deficit.

Mission

THE MISSION OF THE ORGANIZATION IS TOHONOR GOD BY ENRICHING THE LIVES AND TOUCHING THE HEARTS OF OLDER ADULTS.

Program Service Accomplishments

Program 1

Expenses: $13,819,379 Revenue: $8,065,960

THE ORGANIZATION OPERATES 117 INDEPENDENT LIVING APARTMENTS, 40 ASSISTED LIVING AND 20 ASSISTED MEMORY CARE APARTMENTS ALONG WITH 60 SKILLED NURSING BEDS LOCATED IN MARION, IOWA. THE PROJECT OPENED...

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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 $8,065,960

Investment Income $289,836

Other Revenue $399,209

TOTAL REVENUE $8,755,005

Expense Breakdown

Grants Paid $2,629

Salaries & Benefits $4,991,672

Fundraising Expenses $0

Program Expenses $13,819,379

Other Expenses $10,403,723

TOTAL EXPENSES $15,398,024

Year-over-Year Comparison

	2023	2022	Change
Revenue	$8,755,005	$142,256	+60.5%
Expenses	$15,398,024	$639,246	+23.1%
Net Income	$-6,643,019	$-496,990	+12.4%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAN LINDH	CEO	1.00	Officer Director	$0	$0	$0
MARK MEYER	CFO	1.00	Officer Director	$0	$0	$0
DUANE LARSON	BOARD MEMBER	1.00	Director	$0	$0	$0
NANCY HILL-DAVIS	BOARD MEMBER	0.00	Director	$0	$0	$0
NATHAN VAN GENDEREN	BOARD TREAS/SEC	1.00	Officer Director	$0	$0	$0
TIMOTHY QUINN	BOARD CHAIR	1.00	Officer 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
2024	$8,755,005	$15,398,024	$89,023,302	$-6,643,019
2023	$142,256	$639,246	$93,848,899	$-496,990
2022	No data	$211,285	$59,169,757	No data
2021	No data	$203,016	$19,479,071	No data