THE LUTHERAN HOME OF CENTRAL NEW Y… - Form 990 Financial Data

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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

1920

Legal Domicile

Principal Officer

JEREMY RUTTER

Phone

3152357112

Tax Period

2023-01-01 to 2023-12-31

THE LUTHERAN HOME OF CENTRAL NEW YORK INC, founded in 1920, is a community nonprofit in the Health Care sector that reported $2.0M in total revenue in fiscal year 2023. Revenue fell 28% from the prior year — a significant decline worth monitoring. Expenses of $2.4M exceeded revenue, resulting in a 24% operating deficit.

Mission

THE ORGANIZATION PROMOTES THE CREATION AND MAINTENANCE OF HIGH-QUALITY SERVICES AND FACILITIES FOR ELDERLY PEOPLE WITH CARE NEEDS.

Program Service Accomplishments

Program 1

Expenses: $650,364 Revenue: $606,804

PROVISIONS OF ROOM AND BOARD SERVICES TO THE ELDERLY INCLUDES LAUNDRY, HOUSEKEEPING, PERSONAL ASSISTANCE AND ACTIVITIES. THE HOME HAS 62 BEDS AND ACCEPTS PRIVATE PAY AND SSI ELIGIBLE RESIDENTS.

Program 2

Expenses: $77,781 Revenue: $72,571

THE HOME COMPANION SERVICE PURPOSE IS TO PROVIDE TRANSPORTATION AND COMPANIONSHIP TO THE ELDERLY HOME BOUND COMMUNITY POPULATION. THIS IS A PRIVATE PAY SERVICE.

Program 3

Expenses: $1,042,183 Revenue: $972,381

THE SPECIAL NEEDS ASSISTED LIVING AND AN ENHANCED ASSISTED LIVING RESIDENCE PROVIDES SERVICES TO INDIVIDUALS LIVING WITH VARYING STAGES OF MEMORY LOSS. THERE ARE 14 BEDS AND ONLY PRIVATE PAY IS...

THE SPECIAL NEEDS ASSISTED LIVING AND AN ENHANCED ASSISTED LIVING RESIDENCE PROVIDES SERVICES TO INDIVIDUALS LIVING WITH VARYING STAGES OF MEMORY LOSS. THERE ARE 14 BEDS AND ONLY PRIVATE PAY IS ACCEPTED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $98,009

Program Service Revenue $1,653,496

Investment Income $74,504

Other Revenue $134,832

TOTAL REVENUE $1,960,841

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,253,178

Fundraising Expenses $0

Program Expenses $1,876,678

Other Expenses $1,169,226

TOTAL EXPENSES $2,422,404

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,960,841	$2,736,426	-0.3%
Expenses	$2,422,404	$2,325,113	+0.0%
Net Income	$-461,563	$411,313	-2.1%

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

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

$391,686

Total Directors

$255,394

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JULIANNE BREEN	SECRETARY	0.20	Officer Director	$0	$0	$0
DEBORAH WELKER-MILLS	DIRECTOR	0.20	Director	$0	$0	$0
JAY WILLIAMS	CHAIRPERSON	0.20	Officer Director	$0	$0	$0
JEFFREY KANE	DIRECTOR	0.20	Director	$0	$0	$0
LINDA VOCE	VICE-CHAIRPERSON	0.20	Officer Director	$0	$0	$0
MARIE ABRAHAM	DIRECTOR	0.20	Director	$0	$0	$0
GEORGE BURKE	DIRECTOR	0.20	Director	$0	$0	$0
ROBERT OHMANN	DIRECTOR	0.20	Director	$0	$0	$0
ROGER WILLIAMS	DIRECTOR	0.20	Director	$0	$0	$0
PATRICIA PITCHER	DIRECTOR	0.20	Director	$0	$0	$0
JEREMY RUTTER	PRESIDENT/CEO	3.00	Officer Director	$0	$14,262	$255,394
RUSSELL CLARK	TREASURER	0.20	Officer Director	$0	$0	$0
ANNE CONNOR	CFO	3.00	Officer	$0	$11,893	$136,292
MICHELLE COLE	VP OF SENIOR HOUSING SVCS	32.00	Highest	$107,506	$11,516	$119,022
PETER BIZZARI	CIO	3.00	Highest	$0	$6,766	$114,940
LENORA D'APICE	CHIEF STRATEGY OFFICER	3.00	Highest	$0	$2,833	$139,278
CORINA CHRYSTIE	VP OF HR	3.00	Highest	$0	$11,752	$126,970

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
2024	No data	No data	No data	No data
2023	$1,960,841	$2,422,404	$12,196,235	$-461,563
2022	$2,736,426	$2,325,113	$11,941,706	$411,313
2021	$2,391,293	$2,531,605	$13,360,916	$-140,312
2020	$2,903,061	$2,895,727	$12,695,215	$7,334
2019	$3,848,979	$3,186,203	$12,014,122	$662,776
2018	$3,019,330	$2,764,141	$10,594,976	$255,189

THE LUTHERAN HOME OF CENTRAL NEW YORK INC