NIAGARA LUTHERAN HEALTH SYSTEMS INC

EIN: 161501206 501(c)(3) Health Care

Lancaster, NY

Total Revenue
$965,395
Total Expenses
$945,719
Total Assets
$20,689,946
Net Assets
$18,537,621
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
Steven Chizuk
Phone
7166840202
Tax Period
2023-01-01 to 2023-12-31

NIAGARA LUTHERAN HEALTH SYSTEMS INC, founded in 1996, is a small nonprofit in the Health Care sector that reported $965K in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Net assets of $18.5M represent 230 months of operating reserves.

Mission

Our mission is to provide for the physical, social, and spiritual needs of the individuals we serve, in a Christian environment. The Organization provides a centralized administrative and financial service to related not-for-profit parties at a cost efficient amount. Its purpose is to coordinate and promote services for the elderly. The related parties include a skilled nursing facility, two assisted living facilities, an Independent housing facility for the elderly, outpatient therapy and a foundation that supports our overall mission.

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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 (2023)

Revenue Breakdown

Contributions & Grants $286,841
Program Service Revenue $574,803
Investment Income $16,002
Other Revenue $87,749
TOTAL REVENUE $965,395

Expense Breakdown

Grants Paid $0
Salaries & Benefits $3,025,506
Fundraising Expenses $0
Program Expenses $418,289
Other Expenses $-2,079,787
TOTAL EXPENSES $945,719

Year-over-Year Comparison

2023 2022 Change
Revenue $965,395 $726,437 +0.3%
Expenses $945,719 $2,003,259 -0.5%
Net Income $19,676 $-1,276,822 -1.0%
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

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Liquidity & Cash Position

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Governance

Voting Members
16
Independent Members
15
Employees
32
Volunteers
15

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
6
$648,274
Total Directors
16
$403,591
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Christopher E Koenig President/CEO and Board Member 7.50
Officer Director
$372,683 $30,908 $403,591
Steven Chizuk Chief Financial Officer 7.50
Officer
$213,736 $30,947 $244,683
Rev Paul R Mertzlufft Board Member/Chairman 0.50
Officer Director
$0 $0 $0
Rev Carol Lankes Board Member/Vice Chair 0.50
Officer Director
$0 $0 $0
Mr Cary Haller Board Member/Treasurer 0.50
Officer Director
$0 $0 $0
Mr Gerald C Saxe Board Member/Secretary 0.50
Officer Director
$0 $0 $0
C Michael Bader Board Member 0.50
Director
$0 $0 $0
Mr William M Boling Board Member 0.50
Director
$0 $0 $0
Mr Lawrence A Fenske Board Member 0.50
Director
$0 $0 $0
Mr Kenneth Fuerst Board Member 0.50
Director
$0 $0 $0
Mr Robert W Gromer Board Member 0.50
Director
$0 $0 $0
Ms Joanne Kaminski Board Member 0.50
Director
$0 $0 $0
Rev Rebecca Mentzer Board Member 0.50
Director
$0 $0 $0
Rev Lee M Miller II Board Member 0.50
Director
$0 $0 $0
Dr Richard Shick Board Member 0.50
Director
$0 $0 $0
Mr Edward Wright Board Member 0.50
Director
$0 $0 $0
Christopher Kempton Board Member 0.50
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
2024 No data No data No data No data
2023 $965,395 $945,719 $20,689,946 $19,676
2022 $726,437 $2,003,259 $19,718,276 $-1,276,822
2021 $4,282,422 $3,851,614 $21,932,013 $430,808
2020 $3,957,593 $3,641,277 $19,136,058 $316,316
2019 $5,012,615 $3,245,875 $16,339,401 $1,766,740
2018 $3,307,551 $3,360,203 $13,357,831 $-52,652
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