LUTHERAN SERVICE ASSOCIATION INC

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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

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.

Program Service Accomplishments

Program 1

Expenses: $855,088 Revenue: $992,294

LUTHER MANOR WAS FORMED FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A 45 UNIT HOUSING FACILITY FOR THE ELDERLY IN MIDDLETOWN, CT. EXPENSES DIRECTLY RELATE TO THE CONTINUOUS MAINTENANCE AND...

LUTHER MANOR WAS FORMED FOR THE PURPOSE OF CONSTRUCTING AND OPERATING A 45 UNIT HOUSING FACILITY FOR THE ELDERLY IN MIDDLETOWN, CT. EXPENSES DIRECTLY RELATE TO THE CONTINUOUS MAINTENANCE AND OPERATIONS OF THE ELDERLY CONGREGATE CARE PROJECT FOR ELDERLY INDIVIDUALS UNDER CONTRACTS WITH AND UNDER SPECIFIC GUIDELINES ADMINISTERED BY THE STATE OF CONNECTICUT DEPARTMENT OF HOUSING.

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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%)

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$2,059,178

Total Directors

$753,028

Key Employees

Highest Compensated

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