Community Memorial Home at Osakis Minnesota Incorporated

Nonprofit profile at a glance

EIN
410870847
IRS 990 coverage
2009–2024
Forms available
Form 990 2024
Location
Osakis, MN, USA
Phone
3208592142
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Nursing, Convalescent Facilities

Official website

Reported finances

Revenue
$9,666,204
Expenses
$7,331,549
Assets
$9,936,285
Liabilities
$1,893,574

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • Shari Maloney (Board Member/President as of 4/25)
  • Georgia Thesing (Vice President)
  • Neil Johnson (President (Until 4/25))
  • Angie Reinke (Administrator/CEO)

Highest reported compensation

  • Angie Reinke (Administrator/CEO): $124,727 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The organization's mission is to provide those in need of our services with the best quality of care that we are capable of within a caring, comfortable and supportive environment; to afford each resident and tenant the opportunity to achieve the highest possible quality of life; and to offer all who pass through our doors increasing opportunity for wellness, choice, privacy, dignity, and service access and affordability.

What it reported doing in 2024

Community Memorial Home at Osakis, Minnesota, Incorporated, d/b/a Galeon (Galeon) owns and operates a 40-bed licensed nursing facility and a wellness and therapy center, as well as a 19-unit independent living facility (Terrace Heights), a 25-unit assisted living facility (West View) and a 20-unit memory care assisted living facility (BridgeWell). (continued on Schedule O)In addition, Community Memorial Home manages the operation of Osakis Community Manor Apartments that dedicates 24 units of housing to independent seniors, most of whom qualify for rental assistance. Throughout these various locations, which are either connected to or in close proximity to Community Memorial Home, programs have been developed to assist older adults with physical care, rehabilitation, nutrition, strength restoration, mobility, and medication management. Additional services supporting these core programs are in place to foster each resident's social, emotional, mental, spiritual, and vocational growth and development.

Operating model

Revenue model
Other-operating. 83% of the money available for current operations came from other operating revenue.
Distribution model
Direct operator. The filing allocates 99% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - The filed numbers largely add up and a large share of available resources goes toward mission work. Some filing-based governance responses are negative or unanswered and assets have declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 68
  • Transparency & Controls: 96
  • Accountability: 95
  • Sustainability: 66
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 68.8%; rating input score 69
  • Program expense ratio: 88.8%; rating input score 89
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 93.3%; rating input score 93; 17th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 24.2%; rating input score 80; 80th percentile among comparable filings
  • Total-asset coverage ratio: 1.36; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0.19; rating input score 45; 45th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 77; 77th percentile among comparable filings

Growth

  • Program expense growth: 3.3% per year; rating input score 100; 29th percentile among comparable filings
  • Revenue growth: 3.4% per year; rating input score 100; 30th percentile among comparable filings
  • Asset growth: -0.9% per year; rating input score 0; 10th percentile among comparable filings

Details

  • Where the money goes: 68.8% of revenue deployed · 88.8% of spending went to programs
  • Governance: 8 of 8 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $6.5M in reported program spending
  • Leadership: top reported pay $125K · 10 people listed
  • Highest-paid contractors: 2 contractors listed · $792K reported
  • Consistency: 35 of 36 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 15 filing years from 2009 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: Whistleblower policy not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.
  • Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 45/100.