ECUMEN SBC 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

2023

Legal Domicile

Principal Officer

SHELLEY KENDRICK

Phone

6517664300

Tax Period

2023-12-05 to 2023-12-31

ECUMEN SBC INC, founded in 2023, is a mid-sized nonprofit that reported $45.3M in total revenue in fiscal year 2023. The organization ran a surplus of $44.4M, a strong 98% operating margin.

Mission

WE EMPOWER INDIVIDUALS AND FAMILIES TO CONFIDENTLY NAVIGATE AGING SO THAT IT IS A PURPOSEFUL JOUNEY FILLED WITH DIGNITY AND SUPPORT.

Program Service Accomplishments

Program 1

Expenses: $827,960 Revenue: $1,350,644

ECUMEN SBC IS A NEW ACQUISITION IN ECUMEN, A MINNESOTA NONPROFIT CORPORATION ORGANIZED PRIMARILY TO OWN, OPERATE, MANAGE AND SUPPORT SENIOR LIVING AND HEALTH CARE COMMUNITIES. HOUSING AND SERVICES...

ECUMEN SBC IS A NEW ACQUISITION IN ECUMEN, A MINNESOTA NONPROFIT CORPORATION ORGANIZED PRIMARILY TO OWN, OPERATE, MANAGE AND SUPPORT SENIOR LIVING AND HEALTH CARE COMMUNITIES. HOUSING AND SERVICES FOR SENIORS ARE PROVIDED AT ECUMEN COMMUNITIES THROUGH A CONTINUUM OF CARE, INCLUDING VARIOUS LEVELS OF RESIDENTIAL LIVING AND SKILLED NURSING AS WELL AS OTHER COMMUNITY BASED PROGRAMS AND SERVICES, INCLUDING HOME HEALTH CARE AND OUTPATIENT THERAPIES. AS OF DECEMBER 31, 2023, ECUMEN SBC SENIOR COMMUNITY INCLUDED 2 INDEPENDENT LIVING, 5 ASSISTED LIVING AND/OR MEMORY CARE, AND 2 SKILLED NURSING FACILITIES. IN 2023, ECUMEN SBC HAD AN OCCUPANCY OF 80.20%.

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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 $1,350,644

Investment Income $43,914,559

Other Revenue $62,474

TOTAL REVENUE $45,327,677

Expense Breakdown

Grants Paid $0

Salaries & Benefits $686,231

Fundraising Expenses $0

Program Expenses $827,960

Other Expenses $233,726

TOTAL EXPENSES $919,957

Year-over-Year Comparison

	2023	2022	Change
Revenue	$45,327,677	N/A	N/A
Expenses	$919,957	N/A	N/A
Net Income	$44,407,720	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

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

$1,791,991

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN PETRABORG	CHAIR	0.10	Officer Director	$0	$0	$0
PETER JACOBSON	VICE CHAIR	0.10	Officer Director	$0	$0	$0
J MICHAEL DADY	IMMEDIATE PAST CHAIR	0.10	Officer Director	$0	$0	$0
MARCIA KULL	SECRETARY	0.10	Officer Director	$0	$0	$0
SUZIE CROCKETT	TREASURER	0.10	Officer Director	$0	$0	$0
ANN BARKELEW	TRUSTEE	0.10	Director	$0	$0	$0
DAN ABDUL	TRUSTEE (THRU 12/7)	0.10	Director	$0	$0	$0
JAN CONLIN	TRUSTEE	0.10	Director	$0	$0	$0
JAMES KNAPP	TRUSTEE (THRU 12/29)	0.10	Director	$0	$0	$0
JEN AUGUSTON	TRUSTEE	0.10	Director	$0	$0	$0
JOHN TRUCKENBROD	TRUSTEE	0.10	Director	$0	$0	$0
INGRID RASMUSSEN	TRUSTEE	0.10	Director	$0	$0	$0
NANCY THOMPSON ULVESTAD	TRUSTEE	0.10	Director	$0	$0	$0
SUE MOORES	TRUSTEE (THRU 12/8)	0.10	Director	$0	$0	$0
SHELLEY KENDRICK	PRESIDENT/CEO	0.10	Officer	$0	$49,805	$540,172
MELANIE SULLIVAN	SR VP/CHIEF PEOPLE OFFICER	0.10	Officer	$0	$16,321	$339,711
BRETT ANDERSON	SR VP/CHIEF OPERATIONS & STRATEGY	0.10	Officer	$0	$26,862	$319,907
SCOTT BJERKETVEDT	SR VP/CFO	0.10	Officer	$0	$48,936	$342,609
JAMES MCALPINE	SR VP LEGAL AFFAIRS & CORP	0.10	Officer	$0	$7,653	$249,592

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
2023	$45,327,677	$919,957	$52,848,386	$44,407,720