LUTHERAN SERVICE ASSOCIATION INC

EIN: 061272794 501(c)(3)

MIDDLETOWN, CT

Total Revenue
$1,084,498
Total Expenses
$942,483
Total Assets
$710,855
Net Assets
$438,294
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
1988
Legal Domicile
CT
Principal Officer
ANGELA BOVILL
Phone
8603477144
Tax Period
2024-07-01 to 2025-06-30

LUTHERAN SERVICE ASSOCIATION INC, founded in 1988, is a community nonprofit that reported $1.1M in total revenue in fiscal year 2024. Revenue surged 28% from the prior year, signaling strong growth momentum. Expenses of $942K left a modest 13% surplus.

Mission

WE ARE CALLED TO STRENGTHEN COMMUNITIES BY EMPOWERING PEOPLE TO RESPOND TO LIFE'S CHALLENGES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $80,000
Program Service Revenue $992,294
Investment Income $6,754
Other Revenue $5,450
TOTAL REVENUE $1,084,498

Expense Breakdown

Grants Paid $0
Salaries & Benefits $387,914
Fundraising Expenses $0
Program Expenses $855,088
Other Expenses $554,569
TOTAL EXPENSES $942,483

Year-over-Year Comparison

2024 2023 Change
Revenue $1,084,498 $850,554 +0.3%
Expenses $942,483 $933,303 +0.0%
Net Income $142,015 $-82,749 -2.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
6
Employees
N/A
Volunteers
6

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
12
$2,059,178
Total Directors
7
$753,028
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANGELA BOVILL PRESIDENT & CEO 1.00
Officer Director
$0 $42,601 $753,028
KRISTINE HANSCOM EXECUTIVE VP/CFO/COO 1.00
Officer
$0 $29,353 $352,561
CHRISTINE TAPPAN CHIEF OF STRATEGIC ADVANCEMENT 1.00
Officer
$0 $377 $245,850
BRENNA SCHNEIDER CHIEF OR SOCIAL INNOVATION 1.00
Officer
$0 $17,539 $200,183
PAUL HALSTEAD CHIEF TECHNOLOGY OFFICER 1.00
Officer
$0 $23,581 $207,162
NICHOLAS RUSSO SR. DIR. OF TREASURY 1.00
Officer
$0 $4,334 $149,050
TARA BROWNE CLERK/EXECUTIVE ASSISTANT 1.00
Officer
$0 $6,881 $82,463
NICHOLAS SOUSA ASST. CLERK/EXECUTIVE ASSISTANT 1.00
Officer
$0 $8,522 $68,881
KEITH ROBERTSON DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM MAYO DIRECTOR/PAST PRESIDENT 0.50
Director
$0 $0 $0
FREDERICK JENOURE CHAIR 0.50
Officer Director
$0 $0 $0
THE REV ROSS GOODMAN VICE CHAIR 0.50
Officer Director
$0 $0 $0
ASHISH COWLAGI SECRETARY 0.50
Officer Director
$0 $0 $0
ALEXANDER BARTHOLOMEW FINANCIAL SECRETARY 0.50
Officer Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $1,084,498 $942,483 $710,855 $142,015
2024 No data No data No data No data
2023 $763,032 $943,896 $441,536 $-180,864
2022 $727,564 $819,054 $632,901 $-91,490
2021 $728,879 $830,449 $687,905 $-101,570
2020 $736,975 $793,716 $812,508 $-56,741
2019 $705,817 $776,895 $874,107 $-71,078
2018 $735,786 $791,667 $986,193 $-55,881
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