Regina Senior Living

Nonprofit profile at a glance

EIN
463700475
IRS 990 coverage
2015–2017
Forms available
Form 990 2017
Location
Cambridge, MN, USA
Phone
7636891162
Rating
71
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$12,944,813
Expenses
$13,033,120
Assets
$8,044,257
Liabilities
$6,036,991

Source: IRS Form 990. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • ROCKLON CHAPIN (PART YR CEO BHS)
  • JERRY CARLEY (PART YR CEO BHS)
  • SHELLEY SOLBERG (CURRENT CEO)

Highest reported compensation

  • ROCKLON CHAPIN (PART YR CEO BHS): $619,219 total reported compensation
  • KEVIN RYMANOWSKI (CFO OF BHS): $481,406 total reported compensation
  • CHRIS BOLDT (SVP OF BHS): $346,784 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Regina senior living, faithful to its christian tradition of respect for human life, promotes the health of the whole person.

What it reported doing in 2017

Operation of Regina Senior Living, is a 61 bed long-term care facility in Hastings, Minnesota which provides skilled nursing care to the elderly.The facility had 81% occupancy and served 424 individuals during the fiscal yearending 6/30/18.

Operating model

Revenue model
Earned-program. 98% 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 most voting board members are independent. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and the required major-donor schedule is missing or incomplete.

Rating breakdown

  • Financial Efficiency: 82
  • Transparency & Controls: 49
  • Accountability: 83
  • Sustainability: 31
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 92.4%; rating input score 92
  • Program expense ratio: 91.8%; rating input score 92
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 92.3%; rating input score 92; 7th 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: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 20th percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -0.7%; rating input score 26; 26th percentile among comparable filings
  • Total-asset coverage ratio: 0.62; rating input score 28; 28th percentile among comparable filings
  • Liabilities to assets ratio: 0.75; rating input score 18; 18th percentile among comparable filings
  • Officer compensation ratio: 1.7%; rating input score 74; 74th percentile among comparable filings

Growth

  • Program expense growth: 5% per year; rating input score 100; 53rd percentile among comparable filings
  • Revenue growth: 3.5% per year; rating input score 100; 42nd percentile among comparable filings
  • Asset growth: 1.4% per year; rating input score 100; 27th percentile among comparable filings

Details

  • Where the money goes: 92.4% of revenue deployed · 91.8% of spending went to programs
  • Governance: 6 of 7 board members independent · 7 of 9 filing controls reported
  • Programs: 2 filed program accomplishments · $12M in reported program spending
  • Leadership: top reported pay $619K · 14 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2.2M reported
  • Consistency: 30 of 30 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 3 filing years from 2015 to 2017
  • Contacts: How to reach this organization
  • Related organizations: 31 filed related-organization links
  • 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.
  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • High — Sustainability: Operating margin scored 26/100.
  • High — Sustainability: Total-asset coverage ratio scored 28/100.
  • High — Sustainability: Liabilities to assets ratio scored 18/100.