Civic Intelligence

Atrium of Racine Inc

EIN 39-1615970 • 501(c)3 • Racine, WI

Profile

Atrium of racine provides living services to older adults in the atrium, which is 76 units of independent living and bay pointe, which is 40 units of assisted living.

3950 N Main StRacine, WI 53402

www.theatriumofracine.org

Siviq Scores

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

Liabilities / Assets

98th percentile

1.66x

Higher debt load relative to assets than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2017

Liabilities / Revenue

96th percentile

6.52x

Higher debt load relative to revenue than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2017

Net Margin

6th percentile

-46%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2017

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2017

Asset Growth

10th percentile

-13%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Revenue Growth

30th percentile

-3.1%

Faster revenue growth than 30% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2016 to 2017

Assets

Down

$8,686,819

Down $1,302,368 (-13%) from 2016

Liabilities

Down

$14,445,503

Down $276,634 (-1.9%) from 2016

Net Assets

Down

-$5,758,684

Down $1,025,734 (-22%) from 2016

Revenue

Down

$2,215,345

Down $71,679 (-3.1%) from 2016

Expenses

Up

$3,241,079

Up $300,033 (+10%) from 2016

Net Income

Down

-$1,025,734

Down $371,712 (-57%) from 2016

Trend Graphs

Balance Sheet Trend

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

$20M$10M$0-$10MAssets 2011: $13,123,545Liabilities 2011: $11,222,272Net Assets 2011: $1,901,2732011Assets 2012: $12,343,731Liabilities 2012: $10,642,307Net Assets 2012: $1,701,4242012Assets 2013: $12,059,892Liabilities 2013: $14,019,697Net Assets 2013: -$1,959,8052013Assets 2014: $10,566,323Liabilities 2014: $13,757,667Net Assets 2014: -$3,191,3442014Assets 2015: $9,663,458Liabilities 2015: $13,742,386Net Assets 2015: -$4,078,9282015Assets 2016: $9,989,187Liabilities 2016: $14,722,137Net Assets 2016: -$4,732,9502016Assets 2017: $8,686,819Liabilities 2017: $14,445,503Net Assets 2017: -$5,758,6842017

Highlighted filing

2017

Assets$8,686,819
Liabilities$14,445,503
Net Assets-$5,758,684

Operations Trend

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

$4.0M$2.0M$0-$2.0MExpenses 2011: $2,675,0012011Expenses 2012: $2,664,5382012Revenue 2013: $2,856,275Expenses 2013: $2,826,693Net Income 2013: $29,5822013Revenue 2014: $2,517,309Expenses 2014: $3,748,848Net Income 2014: -$1,231,5392014Revenue 2015: $2,221,543Expenses 2015: $3,109,127Net Income 2015: -$887,5842015Revenue 2016: $2,287,024Expenses 2016: $2,941,046Net Income 2016: -$654,0222016Revenue 2017: $2,215,345Expenses 2017: $3,241,079Net Income 2017: -$1,025,7342017

Highlighted filing

2017

Revenue$2,215,345
Expenses$3,241,079
Net Income-$1,025,734

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Aug 9, 2018
Return Version
2017v2.3
Gross Receipts
$2,215,345
Mission and Program Overview

Mission

Atrium of racine provides living services to older adults in the atrium, which is 76 units of independent living and bay pointe, which is 40 units of assisted living.

Atrium of racine provides living services to older adults in the atrium which is 76 units of independent living and bay point which is 40 units of assisted living.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,154,364$7,825,254▼ $329,110
Investments in Publicly Traded Securities$569,333$408,234▼ $161,099
Cash and Non-Interest-Bearing Accounts$345,425$390,403▲ $44,978
Accounts Receivable$78,095$45,795▼ $32,300
Prepaid Expenses and Deferred Charges$6,079$17,133▲ $11,054
Total Assets$9,989,187$8,686,819▼ $1,302,368
Other Assets Total$835,891$0▼ $835,891
Liabilities
Deferred Revenue$7,555,293$7,270,557▼ $284,736
Tax Exempt Bond Liabilities$5,959,249$5,965,083▲ $5,834
Accounts Payable and Accrued Expenses$705,607$1,160,501▲ $454,894
Unsecured Notes Loans Payable$442,650$0▼ $442,650
Other Liabilities$39,211$29,276▼ $9,935
Mortgage Notes Payable Secured by Investment Property$20,127$20,086▼ $41
Total Liabilities$14,722,137$14,445,503▼ $276,634
Net Assets / Fund Balance
Unrestricted Net Assets$-4,732,950$-5,758,684▼ $1,025,734
Total Net Assets Fund Balance$-4,732,950$-5,758,684▼ $1,025,734
Total Liabilities and Net Assets / Fund Balance$9,989,187$8,686,819▼ $1,302,368

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,957,658$6,612,861$12,570,519
Leasehold Improvements$638,262$626,100$1,264,362
Equipment$201,560$917,784$1,119,344
Land$986,355-$986,355
Other Land Buildings$41,419$77,847$119,266
Compensation and Service Providers

Board Members and Trustees

NameTitle
Matthew MautheFormer President
Jeff HoffmannFormer Vice President
Robert MeidenbauerFormer Secretary/treasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
New Horizon FoodsFood ServicesPO BOX 8601246, Minneapolis, MN 55486$687,639
Symbria RehabTherapy Services28100 TORCH PARKWAY SUITE 600, Warrenville, IL 60555$275,765
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,108,612
Investment Income
$4,895
Other Revenue
$101,838
Change in Net Assets
$-1,025,734
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,541,443
Salaries, Compensation, and Employee Benefits$699,636
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$492,028$88,803-$580,831
Depreciation Depletion$415,245--$415,245
Interest$332,379--$332,379
Fees for Services Other$260,268$40,154-$300,422
Occupancy$244,053$24,577-$268,630
Office Expenses-$190,413-$190,413
Fees for Services Management-$150,592-$150,592
Other Employee Benefits$78,460$1,925-$80,385
Fees for Services Legal-$62,039-$62,039
Insurance$50,344--$50,344
Payroll Taxes$38,420--$38,420
Information Technology-$34,373-$34,373
Advertising-$33,721-$33,721
All Other Expenses$9,108$5,564-$14,672
Other Expenses$13,873$2,294-$13,873
Fees for Services Accounting-$11,199-$11,199
Conferences and Meetings-$5,214-$5,214
Total Functional Expenses$1,951,396$1,289,683$0$3,241,079
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
Deposit Fees$28,900
Resident Trust Fund$376
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Marquardt management services, inc.

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

The organization is currently in receivership, so there is no governing board. The appointed receiver will review the form 990 prior to filing.

Form 990, Part VI, Section C, Line 19

The organization has this information available upon request.

Filing and Contact Details

Filer

Filer Name
Atrium of Racine Inc
EIN
39-1615970
Phone
2626391100
Address
3950 N MAIN ST, RACINE, WI 53402

Signing Officer

Name
Mike Polsky
Title
Receiver
Phone
2626391100
Signed
2018-08-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Mike Polsky
Formed
1988
Legal Domicile
Wi
Voting Board Members
0
Independent Board Members
0
Employees
44
Volunteers
3

Preparer

Firm
Cliftonlarsonallen Llp
Address
8215 GREENWAY BOULEVARD SUITE 600, MIDDLETON, WI 53562
Preparer
Kimberly Anderson CPA
Phone
6086628600
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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0600
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt015550
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05463
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt021963
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04895
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0193
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0286
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0501
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0563
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt06438
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02108612
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02110769
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt02015936
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt02455993
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt02498926
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt011190236
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04895
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0193
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0286
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0501
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0563
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt06438
IRS990ScheduleA/InvestmentIncomeCYPct00.00050
IRS990ScheduleA/InvestmentIncomePYPct00.00020
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0101838
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0175712
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0204721
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt036265
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt0351323
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0869859
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.88550
IRS990ScheduleA/PublicSupportPY509Pct00.88760
IRS990ScheduleA/PublicSupportTotal509Amt010704117
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt0158349
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt029577
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt0171807
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt0148349
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0508082
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt0158349
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt029577
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt0171807
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt0148349
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt0508082
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt02108612
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02111119
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt02016536
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt02471543
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt02504389
IRS990ScheduleA/Total509Grp/TotalAmt011212199
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt02215345
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt02287024
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt02221543
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt02508309
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt02856275
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt012088496
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05957658
IRS990ScheduleD/BuildingsGrp/DepreciationAmt06612861
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt012570519
IRS990ScheduleD/EquipmentGrp/BookValueAmt0201560
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0917784
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01119344
IRS990ScheduleD/LandGrp/BookValueAmt0986355
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0986355
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0638262
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0626100
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt01264362
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt041419
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt077847
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0119266
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt028900
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1376
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSIT FEES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1RESIDENT TRUST FUND
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07825254
IRS990ScheduleD/TotalLiabilityAmt029276
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MARQUARDT MANAGEMENT SERVICES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION IS CURRENTLY IN RECEIVERSHIP, SO THERE IS NO GOVERNING BOARD. THE APPOINTED RECEIVER WILL REVIEW THE FORM 990 PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS THIS INFORMATION AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LINCOLN LUTHERAN COMMUNITY CARE CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0391674718
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0NURSING HOME
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01045 HILL STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0WATERTOWN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0WI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd053098
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0WI
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt05959249
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt05965083
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt09989187

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