Civic Intelligence

Benevolent Corporation Cedar Community

EIN 39-0928211 • 501(c)3 • West Bend, WI

Profile

Cedar community is a faith-based organization dedicated to modeling christ's love for huumanity by creating life-enhancing relationships, services, and environments through the provision of a 126 bed skilled nursing facility providing long term and subacute care with 55% of residents funded through medicaid and 30% through medicare and medicare replacement insurance, rehabilitation therapies, home health and hospice services (primarily medicare), in-home supportive care, retreat facilities, community education, 171 units of assisted living with 40 funded through family care, 60 cbrf units specializing in dementia care, 3 communities of independent living providing a total of 412 units, and bible camp/recreational programs. A variety of ancillary services support these programs including gift shops, dining services, pharmacy, provision of health & personal supplies, activities & entertainment.

5595 County Road ZWest Bend, WI 53095

www.cedarcommunity.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

82nd percentile

0.77x

Higher debt load relative to assets than 82% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

86th percentile

2.56x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

39th percentile

1.4%

Higher net margin than 39% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

23rd percentile

$292,854

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.7% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Asset Growth

84th percentile

18%

Faster asset growth than 84% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

52nd percentile

8.6%

Faster revenue growth than 52% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$145,625,388

Up $22,048,487 (+18%) from 2023

Liabilities

Up

$111,403,769

Up $17,524,621 (+19%) from 2023

Net Assets

Up

$34,221,619

Up $4,523,866 (+15%) from 2023

Revenue

Up

$43,531,202

Up $3,443,955 (+8.6%) from 2023

Expenses

Down

$42,917,382

Down $613,068 (-1.4%) from 2023

Net Income

Up

$613,820

Up $4,057,023 (+118%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $83,249,747Liabilities 2010: $54,228,963Net Assets 2010: $29,020,7842010Assets 2011: $83,539,038Liabilities 2011: $53,298,445Net Assets 2011: $30,240,5932011Assets 2012: $83,762,667Liabilities 2012: $56,357,172Net Assets 2012: $27,405,4952012Assets 2013: $85,960,895Liabilities 2013: $65,288,237Net Assets 2013: $20,672,6582013Assets 2014: $90,700,865Liabilities 2014: $70,932,465Net Assets 2014: $19,768,4002014Assets 2015: $89,907,686Liabilities 2015: $71,175,611Net Assets 2015: $18,732,0752015Assets 2016: $89,264,965Liabilities 2016: $70,840,918Net Assets 2016: $18,424,0472016Assets 2017: $86,091,029Liabilities 2017: $67,297,692Net Assets 2017: $18,793,3372017Assets 2018: $93,805,171Liabilities 2018: $77,289,666Net Assets 2018: $16,515,5052018Assets 2019: $101,759,930Liabilities 2019: $75,700,961Net Assets 2019: $26,058,9692019Assets 2020: $104,976,834Liabilities 2020: $74,580,346Net Assets 2020: $30,396,4882020Assets 2021: $115,395,812Liabilities 2021: $77,050,934Net Assets 2021: $38,344,8782021Assets 2022: $110,065,156Liabilities 2022: $78,497,254Net Assets 2022: $31,567,9022022Assets 2023: $123,576,901Liabilities 2023: $93,879,148Net Assets 2023: $29,697,7532023Assets 2024: $145,625,388Liabilities 2024: $111,403,769Net Assets 2024: $34,221,6192024

Highlighted filing

2024

Assets$145,625,388
Liabilities$111,403,769
Net Assets$34,221,619

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MExpenses 2010: $42,264,2192010Expenses 2011: $43,379,8852011Expenses 2012: $45,138,1292012Revenue 2013: $46,149,984Expenses 2013: $46,020,307Net Income 2013: $129,6772013Revenue 2014: $49,184,229Expenses 2014: $49,326,512Net Income 2014: -$142,2832014Revenue 2015: $47,579,176Expenses 2015: $48,766,673Net Income 2015: -$1,187,4972015Revenue 2016: $47,355,156Expenses 2016: $47,324,810Net Income 2016: $30,3462016Revenue 2017: $44,813,140Expenses 2017: $46,471,846Net Income 2017: -$1,658,7062017Revenue 2018: $37,598,546Expenses 2018: $42,689,609Net Income 2018: -$5,091,0632018Revenue 2019: $38,225,982Expenses 2019: $40,598,035Net Income 2019: -$2,372,0532019Revenue 2020: $43,599,564Expenses 2020: $38,833,015Net Income 2020: $4,766,5492020Revenue 2021: $41,115,280Expenses 2021: $38,901,846Net Income 2021: $2,213,4342021Revenue 2022: $37,700,233Expenses 2022: $39,844,635Net Income 2022: -$2,144,4022022Revenue 2023: $40,087,247Expenses 2023: $43,530,450Net Income 2023: -$3,443,2032023Revenue 2024: $43,531,202Expenses 2024: $42,917,382Net Income 2024: $613,8202024

Highlighted filing

2024

Revenue$43,531,202
Expenses$42,917,382
Net Income$613,820

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$146$111$34.2$43.5$42.9$0.61
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$124$93.9$29.7$40.1$43.5$3.44
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$110$78.5$31.6$37.7$39.8$2.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$115$77.1$38.3$41.1$38.9$2.21
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$105$74.6$30.4$43.6$38.8$4.77
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$102$75.7$26.1$38.2$40.6$2.37
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$93.8$77.3$16.5$37.6$42.7$5.09
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$86.1$67.3$18.8$44.8$46.5$1.66
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.3$70.8$18.4$47.4$47.3$0.03
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$89.9$71.2$18.7$47.6$48.8$1.19
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$90.7$70.9$19.8$49.2$49.3$0.14
2013Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$86.0$65.3$20.7$46.1$46.0$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.8$56.4$27.4$45.1
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.5$53.3$30.2$43.4
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$83.2$54.2$29.0$42.3
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2018 below.

Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 21, 2019
Return Version
2017v2.3
Gross Receipts
$44,673,403
Mission and Program Overview

Mission

Cedar Community is a faith-based organization dedicated to modeling Christ's love for huumanity by creating life-enhancing relationships, services, and environments through the provision of a 155 bed skilled nursing facility providing long term and subacute care with 55% of residents funded through Medicaid and 30% through Medicare and Medicare Replacement Insurance, rehab therapies, home health and hospice services(primarily Medicare), in-home supportive care, retreat facilities, community education, 172 units of assisted living with 52 funded through Family Care, 60 CBRF units specializing in dementia care, 3 communities of independent living providing a total of 414 units, and Bible camp/recreational programs. A variety of ancillary services support these programs including gift shops, dining services, pharmacy, provision of health & personal supplies, activities & entertainment.

To operate homes and services for the aged or convalescents, nursing homes, schools & religious institutes or retreats. Our mission is to model christ's love for humanity by creating life-enhancing relationships, services and environments.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$56,203,038$55,407,891▼ $795,147
Investments in Publicly Traded Securities$17,947,698$17,711,746▼ $235,952
Investments Other Securities$0$14,382,536▲ $14,382,536
Savings and Temporary Cash Investments$4,679,898$3,750,152▼ $929,746
Accounts Receivable$2,221,159$1,596,697▼ $624,462
Prepaid Expenses and Deferred Charges$658,891$639,237▼ $19,654
Inventories for Sale or Use$322,784$271,387▼ $51,397
Cash and Non-Interest-Bearing Accounts$3,511,787$18,887▼ $3,492,900
Total Assets$86,091,029$93,805,171▲ $7,714,142
Other Assets Total$545,774$26,638▼ $519,136
Liabilities
Tax Exempt Bond Liabilities$26,936,827$39,264,110▲ $12,327,283
Other Liabilities$29,627,294$26,991,586▼ $2,635,708
Deferred Revenue$6,843,845$6,745,294▼ $98,551
Accounts Payable and Accrued Expenses$3,889,726$4,288,676▲ $398,950
Total Liabilities$67,297,692$77,289,666▲ $9,991,974
Net Assets / Fund Balance
Unrestricted Net Assets$18,793,337$16,515,505▼ $2,277,832
Total Net Assets Fund Balance$18,793,337$16,515,505▼ $2,277,832
Total Liabilities and Net Assets / Fund Balance$86,091,029$93,805,171▲ $7,714,142

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$41,807,698$66,438,106$108,245,804
Equipment$9,207,445$21,296,698$30,504,143
Land$3,235,505-$3,235,505
Other Land Buildings$1,157,243$586,239$1,743,482
Other Securities$1,985,829--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Lynn W OlsonCEOFT$266,193$21,551$287,744
Christopher CherneyCFO (until 6/9/18)FT$148,142$24,469$172,611
Mark SellePharmacy DirectorFT$130,677$26,070$156,747
Nicole E PretreVice President of DevelopmentFT$122,067$27,030$149,097
Kelli DeruyterVice President of Clinical ServicesFT$107,885$34,382$142,267
Samuel VangPharmacistFT$133,835$1,320$135,155
Mark ChapmanDirector of TechnologyFT$105,341$21,617$126,958

Board Members and Trustees

NameTitle
Joan AdlerPresident
Kathy Van EerdenVice President
Adam StoneBoard Member
Bud WendorfBoard Member
CHUCK O'MEARABoard Member
Chris ZwygartBoard Member
Dan MillerBoard Member
Joe CarlsonBoard Member
Julie GabelmannBoard Member
Rev Eric KirkegaardBoard Member
Tom RossBoard Member
John SmithersSecretary
Rev William Myers EsqTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Bsg Maintenance INCHousekeeping ServicesPO BOX 165, Newburg, WI 53060$1,355,108
Meridian It INCInformation Technology ServicesPO BOX 33950, Chicago, IL 60694$469,035
A M Construction INCConstruction Services2330 STONEBRIDGE CIRCLE UNIT G, West Bend, WI 53095$398,647
USA Fire Protection INCFire Protection Services2936 SOUTH 166TH STREET, New Berlin, WI 53151$301,311
Prime Time Healthcare INCHealthcare Services15380 WEIR STREET, Omaha, NE 68137$256,907
Revenue and Support

Revenue Composition

Contributions and Grants
$1,749,688
Program Service Revenue
$36,671,815
Investment Income
$607,270
Other Revenue
$-1,430,227
All Other Contributions
$35,041
Change in Net Assets
$-5,091,063
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$23,545,011
Other Expenses$19,144,598
Total Fundraising Expense$271,991
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$15,416,435$2,099,882$116,256$17,632,573
Depreciation Depletion$5,797,904--$5,797,904
Other Employee Benefits$2,864,049$427,365$21,598$3,313,012
Fees for Services Other$2,532,052$565,890$80,406$3,178,348
Office Expenses$2,976,601$188,536$4,836$3,169,973
Payroll Taxes$1,346,260$219,575$10,152$1,575,987
Occupancy$1,379,664$164,472$529$1,544,665
Interest$1,367,782--$1,367,782
Information Technology-$1,004,568$19,810$1,024,378
Pension Plan Contributions$486,181$73,237$3,666$563,084
Insurance$473,830--$473,830
Current Officers, Directors, Trustees, and Key Employees-$460,355-$460,355
Advertising$408$258,546$10,807$269,761
Fees for Services Legal-$232,776-$232,776
Fees for Services Management$23,078$180,796-$203,874
Travel$82,867$22,671$2,628$108,166
Fees for Service Investment Mgmnt Fees$82,168--$82,168
Fees for Services Accounting-$50,200-$50,200
All Other Expenses$8,001$40,761-$48,762
Conferences and Meetings$11,860$32,820$1,049$45,729
Other Expenses$-69,075$10,773$254$-69,075
Total Functional Expenses$36,384,395$6,033,223$271,991$42,689,609
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Refundable Entrance Fees$26,302,651
Entrance Fee Deposits$679,330
Resident Funds Held in Trust$9,605

Bond Issues

BondIssuerIssuedIssue PricePurpose
AWisconsin Health and Educational Facilities Authority2017-12-28$40,483,291SEE PART VI

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$40,495,226$27,489,466$385,000$439,690

Bond Financing Compliance

No rebate due
No
Rebate not yet due
Yes
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The 990 is reviewed by the finance committee and provided to all board members for review and comment before filing with the internal revenue service.

Form 990, Part VI, Section B, Line 12C

Each board member signs a conflict of interest policy statement upon being seated as a member of the board. Annually, all members and key employees complete and sign a questionnaire designed to identify areas of potential conflict of interest. Officers of the board ensure that board members abstain from voting on any issue where there is a conflict of interest. The cfo ensures that key employees do not make decisions which would place them in a conflict of interest position.

Form 990, Part VI, Section B, Line 15

Cedar community's administrative council consists of the ceo, as well as several vice presidents, who oversee specific service lines or departments. Compensation for the ceo is determined annually by the board executive committee, while compensation of the remaining administrative council is reviewed by the executive committee, and determined annually by the ceo. All other key employees have salaries set by administration within ranges established by human resources. Wage ranges for all staff are based on recent industry, position, and location specific data, and wage changes are documented during the annual evaluation process.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements may be viewed at the corporate offices upon request.

Filing and Contact Details

Filer

Filer Name
Benevolent Corporation Cedar Community
EIN
39-0928211
Phone
2623062100
Address
5595 COUNTY ROAD Z, WEST BEND, WI 53095

Signing Officer

Name
Joseph Pichler
Title
Vice President of Finance
Phone
2623062100
Signed
2019-05-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lynn W Olson
Formed
1953
Legal Domicile
Wi
Voting Board Members
13
Independent Board Members
13
Employees
765
Volunteers
402

Preparer

Firm
Wipfli Llp
Address
10000 INNOVATION DRIVE SUITE 250, MILWAUKEE, WI 53226-4837
Preparer
Kristina M Odermann CPA
Phone
4144319300
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 3

Due to challenges with finding enough qualified caregiving staff, effective may 1, 2018, cedar community decreased its licensed nursing home beds from 155 to 126. No changes were made to the actual services provided to residents, just the number of licensed beds available.

FORM 990, PART XI, LINE 9:

Change in fair value of swap agreement 409,543. Termination of interest rate swap 2,279,000.

Raw XML AppendixShowing 400 of 794 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd00
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IRS990/AccountsReceivableGrp/EOYAmt01596697
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO OPERATE HOMES AND SERVICES FOR THE AGED OR CONVALESCENTS, NURSING HOMES, SCHOOLS & RELIGIOUS INSTITUTES OR RETREATS. OUR MISSION IS TO MODEL CHRIST'S LOVE FOR HUMANITY BY CREATING LIFE-ENHANCING RELATIONSHIPS, SERVICES AND ENVIRONMENTS.
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IRS990/BooksInCareOfDetail/PhoneNum02623062100
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IRS990/Desc0CEDAR COMMUNITY PROVIDES SKILLED NURSING SERVICES FOR RESIDENTS WITH HEALTHCARE NEEDS, INCLUDING DEMENTIA SPECIFIC CARE, SUBACUTE CARE, AND SUPPORTIVE SERVICES SUCH AS PHARMACY, THERAPIES, ACTIVITIES, DINING SERVICES, SOCIAL & RELIGIOUS SERVICES. CEDAR COMMUNITY SERVED 495 INDIVIDUALS DURING THE YEAR.
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IRS990/MissionDesc0CEDAR COMMUNITY IS A FAITH-BASED ORGANIZATION DEDICATED TO MODELING CHRIST'S LOVE FOR HUUMANITY BY CREATING LIFE-ENHANCING RELATIONSHIPS, SERVICES, AND ENVIRONMENTS THROUGH THE PROVISION OF A 126 BED SKILLED NURSING FACILITY PROVIDING LONG TERM AND SUBACUTE CARE WITH 55% OF RESIDENTS FUNDED THROUGH MEDICAID AND 30% THROUGH MEDICARE AND MEDICARE REPLACEMENT INSURANCE, REHABILITATION THERAPIES, HOME HEALTH AND HOSPICE SERVICES (PRIMARILY MEDICARE), IN-HOME SUPPORTIVE CARE, RETREAT FACILITIES, COMMUNITY EDUCATION, 171 UNITS OF ASSISTED LIVING WITH 40 FUNDED THROUGH FAMILY CARE, 60 CBRF UNITS SPECIALIZING IN DEMENTIA CARE, 3 COMMUNITIES OF INDEPENDENT LIVING PROVIDING A TOTAL OF 412 UNITS, AND BIBLE CAMP/RECREATIONAL PROGRAMS. A VARIETY OF ANCILLARY SERVICES SUPPORT THESE PROGRAMS INCLUDING GIFT SHOPS, DINING SERVICES, PHARMACY, PROVISION OF HEALTH & PERSONAL SUPPLIES, ACTIVITIES & ENTERTAINMENT.
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