Sholom Home West Inc
Nonprofit profile at a glance
- EIN
- 363570759
- IRS 990 coverage
- 2009–2024
- Forms available
- Form 990 2024
- Location
- St Louis Park, MN, USA
- Phone
- 9529356311
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $24,066,226
- Expenses
- $23,672,389
- Assets
- $10,824,583
- Liabilities
- $7,056,428
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- DAVID NIRENSTEIN (PRESIDENT)
- BOB MEICHES MD (VICE PRESIDENT)
- RENEE LAMPERT (PRESIDENT ELECT)
- BARB KLICK (CEO (THRU 06/2024))
- JIM NEWBROUGH (CEO)
Highest reported compensation
- BARB KLICK (CEO (THRU 06/2024)): $374,548 total reported compensation
- DAVID BERRYMAN (CFO): $271,074 total reported compensation
- JIM NEWBROUGH (CEO): $253,885 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Sholom is a not-for-profit organization providing a broad continuum of residential, social service, and health care services primarily for older adults and within a jewish environment.
What it reported doing in 2024
A 169-bed licensed care center with services that include 24-hour licensed nursing staff (with rn supervision); speech, physical, and occupational therapy; dementia care, housekeeping, maintenance and laundry services, a wide variety of recreational activities, rabbi/chaplain and holiday services and programs, and kosher meals; beauty/barber shop; resident lounges on each wing; closed circuit tv systems; and resident security system. The facility also provides community meals on wheels.
Operating model
- Revenue model
- Earned-program. 96% 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 some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 71
- Accountability: 91
- Sustainability: 32
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 86.6%; rating input score 87
- Program expense ratio: 88.1%; 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: 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; 66th 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: 1.6%; rating input score 41; 41st percentile among comparable filings
- Total-asset coverage ratio: 0.46; rating input score 14; 14th percentile among comparable filings
- Liabilities to assets ratio: 0.65; rating input score 20; 20th percentile among comparable filings
- Officer compensation ratio: 5%; rating input score 51; 51st percentile among comparable filings
Growth
- Program expense growth: 2.7% per year; rating input score 100; 24th percentile among comparable filings
- Revenue growth: 1.7% per year; rating input score 100; 16th percentile among comparable filings
- Asset growth: -1.4% per year; rating input score 0; 7th percentile among comparable filings
Details
- Where the money goes: 86.6% of revenue deployed · 88.1% of spending went to programs
- Governance: 18 of 18 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $20.9M in reported program spending
- Leadership: top reported pay $375K · 28 people listed · 0 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $2.2M reported
- Consistency: 31 of 31 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
- Money network: 6 filed money-flow records
- Related organizations: 9 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.
- Review — Accountability: Governance controls: 2 of 9 not reported.
- Moderate — Sustainability: Operating margin scored 41/100.
- High — Sustainability: Total-asset coverage ratio scored 14/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 20/100.
- Review — Sustainability: Officer compensation ratio scored 51/100.