Lrhc Long Term Care Facilities Inc
Nonprofit profile at a glance
- EIN
- 411817549
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- Fergus Falls, MN, USA
- Phone
- 2187368000
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Nursing, Convalescent Facilities
Reported finances
- Revenue
- $3,139,799
- Expenses
- $2,866,695
- Assets
- $3,759,710
- Liabilities
- $1,034,199
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- KENT MATTSON (CEO)
Highest reported compensation
- KENT MATTSON (CEO): $733,240 total reported compensation
- CHRIS JOHNSON (CFO): $124,046 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Our goal is to provide our tenants with a gracious lifestyle in a safe, secure, residential setting. We will promote programs which encourage you to practice a healthy lifestyle. We will treat those we serve with dignity and respect. Your right to privacy will always be protected and we will encourage everyone to make their own choices when it comes to care and lifestyle.
What it reported doing in 2024
Mill street residence is the area's premier provider of assisted living services. We provide our tenants with a wide range of personal care and nursing services. In order to offer a predictable fee structure for all our tenants, we have developed a level of care program to address individual health and service needs. Services included in each level of care may include any combination of the following: rn supervision and oversight, weekly wellness clinic, routine communication related to changes in health or care level needs, assistance with activities of daily living, weekly medication setup, medication reminders and/or administration, foot care, one person assistance with transfers, assistance with shower or whirlpool bath, blood draws for lab work, monitoring of blood sugars, escorts to meals and activities and assistance with toileting and continence needs.
Operating model
- Revenue model
- Earned-program. 97% 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
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 80
- Transparency & Controls: 95
- Accountability: 95
- Sustainability: 55
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 87.3%; rating input score 87
- Program expense ratio: 93.6%; rating input score 94
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 6 of 6 controls in place; rating input score 100
- Compensation committee: Pass
- Independent consultant: Pass
- Other Form 990s reviewed: Pass
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- 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: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Fail
- 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: 8.7%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 1.31; rating input score 47; 47th percentile among comparable filings
- Liabilities to assets ratio: 0.28; rating input score 36; 36th percentile among comparable filings
- Officer compensation ratio: 1.9%; rating input score 76; 76th percentile among comparable filings
Growth
- Program expense growth: 2.3% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 2% per year; rating input score 100; 21st percentile among comparable filings
- Asset growth: -1.8% per year; rating input score 0; 8th percentile among comparable filings
Details
- Where the money goes: 87.3% of revenue deployed · 93.6% of spending went to programs
- Governance: 5 of 5 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $2.7M in reported program spending
- Leadership: top reported pay $733K · 7 people listed · 6 of 6 pay-setting controls reported
- Consistency: 32 of 32 current checks pass
- Schedules: 7 filed schedules · includes major donors, grants, and executive pay
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Related organizations: 5 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 — Growth: Asset growth scored 0/100.
- Review — Accountability: Governance controls: Document-retention policy not reported.
- Moderate — Sustainability: Total-asset coverage ratio scored 47/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 36/100.