Vacker Place

Nonprofit profile at a glance

EIN
471758705
IRS 990 coverage
2015–2017
Forms available
Form 990 2017
Location
Dassel, MN, USA
Phone
3202754611
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Residential Care & Adult Day Programs

Reported finances

Revenue
$2,042,767
Expenses
$2,131,950
Assets
$266,047
Liabilities
$88,762

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

Leadership & pay

8 people listed

Highest reported compensation

  • MICHELLE OLSON (ADMINISTRATO): $75,499 total reported compensation

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

Overview

Mission

Dementia care tailored to meet individual needs in a homelike setting, using an established philosophy that allows the individual to be the center of the care process to meet the emotional, spiritual and changing health needs for each person, helping them live to the fullest extent possible.

What it reported doing in 2017

Lakeview ranch, a vacker place residence, a non-profit 501(c)3 care provider is dedicated to providing quality of life and peace of mind to residents, families, and staff. Lakeview ranch was founded in 1999 and its facilities and residents were procured by vacker place in mid-november 2014, a Minnesota nonprofit corporation with exemption established in 2014 specifically to continue operations. Lakeview ranch has 2 home-like communities located in darwin and dassel, Minnesota which provide housing, healthcare and engaging activities to seniors and the people that support them. We believe that dementia does not define the person and have created a community to enhance the lives of those served. It is a place that encourages freedom, decision-making and resident rights. We provide care, respect and engaging opportunities to each resident served. The darwin location provides services for up to 14 residents with dementia while the dassel location provides services for up to 18 residents. Lakeview ranch is an alternative style of care for people with dementia, focusing on the person's emotional, spiritual and changing health needs. The model allows for a high staff to patient ratio which allows the persons with dementia to maintain dignity and engagement in their lives. The model also includes highly trained direct care workers, registered and licensed practical nurse coverage for individualized care plans and coordination of care directly with the physicians. In 2017, lakeview cared for 36 people living with dementia, which totaled 8,997 resident days. Lakeview ranch believes in aging in place - regardless of ability to pay. Aging in place allows the resident to live comfortably in one place until the end-of-life. Our full time activities staff help to fill each day with engaging and meaningful activities adding to the quality of life and sense of community at the ranch.

Operating model

Revenue model
Earned-program. 92% 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. The required major-donor schedule is missing or incomplete and fundraising costs are high for each dollar raised.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 75
  • Accountability: 95
  • Sustainability: 21
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 82.3%; rating input score 82
  • Program expense ratio: 78.8%; rating input score 79
  • Fundraising efficiency: $2.85 raised per $1 spent on fundraising; rating input score 10; 10th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: No; rating input score 0
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 7 of 8 controls in place; rating input score 88
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • 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: -4.4%; rating input score 18; 18th percentile among comparable filings
  • Total-asset coverage ratio: 0.12; rating input score 4; 4th percentile among comparable filings
  • Liabilities to assets ratio: 0.33; rating input score 37; 37th percentile among comparable filings
  • Officer compensation ratio: 3.5%; rating input score 61; 61st percentile among comparable filings

Growth

  • Program expense growth: -2.8% per year; rating input score 0; 15th percentile among comparable filings
  • Revenue growth: -6.9% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -41.6% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 82.3% of revenue deployed · 78.8% of spending went to programs
  • Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1.7M in reported program spending
  • Leadership: top reported pay $75K · 8 people listed
  • Consistency: 31 of 31 current checks pass
  • Schedules: 3 filed schedules · includes major donors
  • Filing history: 3 filing years from 2015 to 2017
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • 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.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Major donor itemization scored 0/100.
  • High — Financial Efficiency: Fundraising efficiency scored 10/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 18/100.
  • High — Sustainability: Total-asset coverage ratio scored 4/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • High — Growth: Asset growth scored 0/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 37/100.
  • High — Grant Readiness: Automatic revocation: this organization had its federal tax-exempt status automatically revoked.