Vetter Senior Living
- Assets
- $184.2m
- Revenue
- $232.7m
- Investments
- $0.0
- Employees
- 5,069
- Location
- Elkhorn, NE
- Founding
- 11/2014
- Data as of
- 06/2021
- EIN
- 47-1108168
Organization Overview
Vetter Senior Living is located in Elkhorn, NE. The organization was established in 2014. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 06/2021, Vetter Senior Living employed 5,069 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Vetter Senior Living is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Vetter Senior Living generated $232.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.3%) each year. All expenses for the organization totaled $230.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPERATE AND MANAGE HEALTH CARE FACILITIES AND EXTENDED CARE FACILITIES FOR THE ELDERLY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VETTER SENIOR LIVING PROVIDES SERVICES AND LIVING OPTIONS FOR REHABILITATION, INDEPENDENT, ASSISTED LIVING, AND SKILLED NURSING RESIDENTS IN FOUR STATES. MANY OF THESE INDIVIDUALS ARE MEDICAID AND WITHOUT US PROVIDING THEIR CARE, WOULD HAVE NO OTHER OPTIONS. WITH A MISSION OF "DIGNITY IN LIFE," VETTER SENIOR LIVING IS WELL KNOWN FOR QUALITY CARE. MORE THAN 3,500 TEAM MEMBERS CONTINUOUSLY STRIVE FOR IMPROVEMENT IN ALL AREAS OF SERVICE. FOLLOWING OUR VISION: QUALITY LIFE, QUALITY CARE, EXCELLENT TEAMS, OUTSTANDING FACILITIES, QUALITY REPUTATION, AND STEWARDSHIP IS SIMPLY EXPECTED. SERVING, INTEGRITY, TEAMWORK, AND EXCELLENCE ARE OUR CORE VALUES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shari Terry COO | 40 | $270,126 | |
Glenn Van Ekeren President | OfficerTrustee | 20 | $262,156 |
Rhonda Flanigan Cpo | 40 | $214,241 | |
Aaron Dunlap Cfa | 30 | $196,392 | |
Brian Stuhr CFO | Officer | 30 | $185,062 |
Joel Wichman Director Of Facility Development | 40 | $163,837 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carpet Land Carpeting Services | 6/29/21 | $1,158,113 |
Select Rehabilitation Therapy Staffing Services | 6/29/21 | $14,100,591 |
Structural Component Systems Building Structure | 6/29/21 | $885,913 |
Community Pharmacy Services Pharmacy Services | 6/29/21 | $2,859,192 |
Stirek Construction Services Building Contractor | 6/29/21 | $1,238,172 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $11,878,559 |
| All other contributions, gifts, grants, and similar amounts not included above | $362,059 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,240,618 |
| Total Program Service Revenue | $221,368,065 |
| Investment income | $62,144 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,327 |
| Net Gain/Loss on Asset Sales | -$1,051,436 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,708,282 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $477,628 |
| Compensation of current officers, directors, key employees. | $477,628 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $113,039,649 |
| Pension plan accruals and contributions | $3,046,509 |
| Other employee benefits | $21,846,986 |
| Payroll taxes | $8,608,813 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $156,979 |
| Fees for services: Accounting | $90,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,943,273 |
| Advertising and promotion | $229,858 |
| Office expenses | $1,900,616 |
| Information technology | $2,517,000 |
| Royalties | $0 |
| Occupancy | $23,209,534 |
| Travel | $78,862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,176 |
| Interest | $1,190,301 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,201,005 |
| Insurance | $161,586 |
| All other expenses | $2,795,641 |
| Total functional expenses | $230,576,892 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $265,363 |
| Savings and temporary cash investments | $52,078,017 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,829,764 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $137,696 |
| Prepaid expenses and deferred charges | $511,797 |
| Net Land, buildings, and equipment | $114,283,932 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,094,354 |
| Total assets | $184,200,923 |
| Accounts payable and accrued expenses | $18,544,888 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $53,459,296 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $26,193,316 |
| Total liabilities | $98,197,500 |
| Net assets without donor restrictions | $86,003,423 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $184,200,923 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Vetter Senior Living has recieved totaling $587.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $587 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Vetter Senior Living Elkhorn, NE | $184,200,923 | $232,708,282 |
Care Initiatives West Des Moines, IA | $187,351,959 | $223,919,944 |
Ascension Living Bethlehem Woods Village St Louis, MO | $54,923,098 | $70,603,895 |
Tabitha Inc Lincoln, NE | $67,996,914 | $63,902,168 |
Citizens Memorial Health Care Foundation Bolivar, MO | $45,218,977 | $63,247,284 |
Wisconsin Illinois Senior Housing Inc Lakewood, CO | $74,404,734 | $62,323,598 |
Ascension Michigan Cmg St Louis, MO | $10,296,135 | $49,102,663 |
Bethesda Long Term Care Inc St Louis, MO | $61,164,515 | $49,946,296 |
Ranken-Jordan Home For Convalescent Crippled Children Maryland Heights, MO | $140,456,097 | $69,165,620 |
Franciscan Care Services Inc West Point, NE | $100,320,154 | $47,622,735 |
Ascension Living Franciscan Place St Louis, MO | $14,918,135 | $36,267,492 |
Willow Health Care Inc Willow Springs, MO | $35,651,940 | $30,612,109 |