St Mary's Home for the Aged Inc

Nonprofit profile at a glance

EIN
390826123
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Manitowoc, WI, USA
Phone
9206847171
Rating
78
Verdict
SUPPORTED
Rating confidence
Moderate
Affiliation
Christianity

Official website

Reported finances

Revenue
$17,598,208
Expenses
$16,257,072
Assets
$26,002,176
Liabilities
$20,907,971

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

Leadership & pay

16 people listed

Executive titles in this filing

  • LUKE SCHUBERT (CEO/PRESIDENT)

Highest reported compensation

  • FRANK SOLTYS (DIRECTOR): $292,833 total reported compensation
  • LUKE SCHUBERT (CEO/PRESIDENT): $271,165 total reported compensation
  • SHANNON OTTEN (TREASURER/SECTRETARY): $176,770 total reported compensation

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

Overview

Mission

As a facility that provides skilled nursing, rehabilitation, assisted living, and independent living, st. Mary's continues the healing ministry of jesus by providing compassionate care that supports the values of respect for human dignity, compassion, transformation, solidarity with the poor and justice and peace.

What it reported doing in 2024

St. Mary's employs over 300 people in direct care and support responsibilities, representing approximately 80,000 resident days per year. Care is provided in skilled nursing, assisted living and independent living. Significant community service is provided by both individuals serving on boards and committees and by the organization serving as a clinical site for curriculum requirements and training for regional post-secondary educational institutions in addition to hosting various other educational programs.during 2024 - 2025, st. Mary's home provided in excess of $1.2 million in unreimbursed services for medicaid, family care, medicare, and managed care residents. In addition, hundreds of hours were donated to area agencies in support of community organizations and events that benefit residents of manitowoc county and the surrounding areas. Among the organizations supported through staff involvement are: rotary manitowoc, lakeshore technical college, dementia care solutions, first presbyterian church, lean on me lakeshore, leading choice network, alzheimer's association, chamber of manitowoc county, manitowoc cooperative ministry meal program, manitowoc lakeshore area human resources association, manitowoc senior center, manitowoc symphony orchestra, salvation army, the neighborhood, two rivers senior center, united way manitowoc county, manitowoc county youth apprentice program, leading age- Wisconsin, manitowoc county leadership committee, grow it forward, homeless hygiene drive recipients (hope house, incourage domestic violence shelter, lakeshore cap supportive housing program, the haven of manitowoc county, the crossing), catholic women's club of manitowoc county, community book discussion meeting space, and manitowoc county historical society. St. Mary's served as a clinical site for lp and ad nursing students attending lakeshore technical college.finally, estimated costs to provide all the above opportunities is $43,005.

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

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 74
  • Transparency & Controls: 74
  • Accountability: 95
  • Sustainability: 53
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.6%; rating input score 80
  • Program expense ratio: 86.8%; rating input score 87
  • Fundraising efficiency: $2.03 raised per $1 spent on fundraising; rating input score 6; 6th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 2 of 6 controls in place; rating input score 33
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Pass
    • Compensation survey or study: Pass
    • 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: 92.3%; rating input score 92; 25th 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: 7.6%; rating input score 61; 61st percentile among comparable filings
  • Total-asset coverage ratio: 1.6; rating input score 53; 53rd percentile among comparable filings
  • Liabilities to assets ratio: 0.8; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 3.6%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 2.9% per year; rating input score 100; 25th percentile among comparable filings
  • Revenue growth: 3.6% per year; rating input score 100; 31st percentile among comparable filings
  • Asset growth: 0.9% per year; rating input score 100; 13th percentile among comparable filings

Details

  • Where the money goes: 79.6% of revenue deployed · 86.8% of spending went to programs
  • Governance: 12 of 13 board members independent · 9 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $14.1M in reported program spending
  • Leadership: top reported pay $293K · 16 people listed · 2 of 6 pay-setting controls reported
  • Highest-paid contractors: 5 contractors listed · $2M reported
  • Consistency: 34 of 34 current checks pass
  • Schedules: 6 filed schedules · includes major donors and executive pay
  • Filing history: 14 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 3 filed money-flow records
  • Related organizations: 2 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 — Financial Efficiency: Fundraising efficiency scored 6/100.
  • Review — Sustainability: Total-asset coverage ratio scored 53/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.