Cura

Nonprofit profile at a glance

EIN
883576319
IRS 990 coverage
2023–2024
Official website data refreshed
Sep 2026
Forms available
Form 990 2024
Location
Paynesville, MN, USA
Phone
3203992366
Rating
66
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Senior Citizens' Housing/Retirement Communities

Official website

Reported finances

Revenue
$41,321,840
Expenses
$34,947,838
Assets
$30,932,648
Liabilities
$25,003,955

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

Leadership & pay

10 people listed

Executive titles in this filing

  • TOM OPATZ (CHIEF EXECUTIVE OFFICER)
  • CURT COTTON (PRESIDENT)

Highest reported compensation

  • JENNIFER SMOLEN (ADMINISTRATOR - MONTICELLO): $160,217 total reported compensation
  • PAMELA ADAM (ADMINISTRATOR - WILLMAR): $145,878 total reported compensation
  • ELIZABETH GACHATHI (DIRECTOR OF NURSING): $117,752 total reported compensation

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

Overview

Mission

To provide high quality, person-centered care with dignity, respect, compassion and integrity.

What it reported doing in 2024

Cura is dedicated to providing exceptional, person centered care for older adults guided by the values of dignity, respect, compassion, and integrity. Our mission is to create safe, supportive, and engaging environments where residents can thrive physically, emotionally, and socially. Across our locations, we offer a full continuum of services, including:- skilled nursing care: comprehensive, high-quality medical and rehabilitative care in a welcoming setting.- independent living: a home-like environment that promotes independence while ensuring access to reliable support.- assisted living: flexible, personalized services that help residents maintain independence while receiving assistance with daily activities.- memory care: secure, thoughtfully designed spaces for individuals with memory-specific needs, allowing freedom of movement and peace of mind for families.through innovation and a commitment to excellence, cura communities strive to enhance quality of life for every resident while fostering a positive atmosphere for staff and families.in 2024, cura expanded its reach by opening new locations in melrose, monticello, sauk centre, and willmar, furthering its mission to create safe, supportive environments where seniors thrive physically, emotionally, and socially.

Operating model

Revenue model
Earned-program. 92% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% 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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of voting board members are independent.

Rating breakdown

  • Financial Efficiency: 70
  • Transparency & Controls: 65
  • Accountability: 55
  • Sustainability: 56
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 74.1%; rating input score 74
  • Program expense ratio: 87.7%; rating input score 88
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 33.3%; rating input score 33; 7th percentile among comparable filings
  • Governance controls: 6 of 7 controls in place; rating input score 86
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 15.4%; rating input score 77; 77th percentile among comparable filings
  • Total-asset coverage ratio: 0.89; rating input score 32; 32nd percentile among comparable filings
  • Liabilities to assets ratio: 0.81; rating input score 13; 13th percentile among comparable filings
  • Officer compensation ratio: 1.9%; rating input score 78; 78th percentile among comparable filings

Growth

  • Program expense growth: 142.5% per year; rating input score 100; 100th percentile among comparable filings
  • Revenue growth: 155.4% per year; rating input score 100; 100th percentile among comparable filings
  • Asset growth: 190.7% per year; rating input score 100; 100th percentile among comparable filings

Details

  • What they do: 8 programs and campaigns described on the official site · 6 operating locations identified
  • Where the money goes: 74.1% of revenue deployed · 87.7% of spending went to programs
  • Governance: 1 of 3 board members independent · 6 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $30.6M in reported program spending
  • Leadership: top reported pay $160K · 10 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $6.3M reported
  • Consistency: 31 of 31 current checks pass
  • Schedules: 7 filed schedules · includes major donors and executive pay
  • Filing history: 2 filing years from 2023 to 2024
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • Related organizations: 7 filed related-organization links
  • 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.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Independent voting board scored 33/100.
  • Review — Accountability: Governance controls: Form 990 shared with the board not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 32/100.
  • High — Sustainability: Liabilities to assets ratio scored 13/100.