Cassia
Legal name: Evangelical Retirement Homes Inc
Nonprofit profile at a glance
- EIN
- 420868449
- IRS 990 coverage
- 2015–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Edina, MN, United States
- Phone
- 952-855-5000
- Rating
- 84
- Verdict
- STRONG
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $11,914,604
- Expenses
- $12,233,852
- Assets
- $17,383,665
- Liabilities
- $16,172,898
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
17 people listed
Executive titles in this filing
- ROBERT DAHL (PRESIDENT/CEO)
Highest reported compensation
- ROBERT DAHL (PRESIDENT/CEO): $822,196 total reported compensation
- KATHY YOUNGQUIST (CHIEF FINANCIAL OFFICER): $584,006 total reported compensation
- MATTHEW KERN (CHIEF OPERATING OFFICER): $487,527 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cassia provides housing, health care and community services to older adults. Cassia's mission is to foster fullness of life for older adults in the spirit of Christ's love. Nurses at Cassia have a heart for helping others, specifically older adults. Knowing you are making a difference in residents' lives can be very rewarding. If your calling is to provide care and advocate for those in need, we encourage you to apply for one of our RN or LPN positions. You'll appreciate providing nursing care in a mission-driven nonprofit organization and making a difference in the lives of our residents and patients. You can specialize in various areas and differing levels of acuity, including long term care, assisted living, transitional care, memory care and more.
What it reported doing in 2024
Evangelical retirement homes, inc. Operates two types of independent living facilities for the elderly. The manor apartments is a detached independent living building with 30 units. There are also 62 cottages for independent living residents.
Operating model
- Revenue model
- Other-operating. 94% of the money available for current operations came from other operating 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 84
- Accountability: 100
- Sustainability: 28
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.7%; rating input score 91
- Program expense ratio: 88.4%; rating input score 88
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -2.7%; rating input score 22; 22nd percentile among comparable filings
- Total-asset coverage ratio: 1.42; rating input score 49; 49th percentile among comparable filings
- Liabilities to assets ratio: 0.93; rating input score 8; 8th percentile among comparable filings
- Officer compensation ratio: 10.7%; rating input score 18; 18th percentile among comparable filings
Growth
- Program expense growth: 6% per year; rating input score 100; 49th percentile among comparable filings
- Revenue growth: 7.7% per year; rating input score 100; 63rd percentile among comparable filings
- Asset growth: 0.7% per year; rating input score 100; 13th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 90.7% of revenue deployed · 88.4% of spending went to programs
- Governance: 5 of 5 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $10.8M in reported program spending
- Leadership: top reported pay $822K · 17 people listed · 4 of 6 pay-setting controls reported
- Highest-paid contractors: 3 contractors listed · $1.5M reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 9 filing years from 2015 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 35 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 — Sustainability: Operating margin scored 22/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 49/100.
- High — Sustainability: Liabilities to assets ratio scored 8/100.
- High — Sustainability: Officer compensation ratio scored 18/100.