NIAGARA LUTHERAN DEVELOPMENT INC

EIN: 161502150 501(c)(3) Health Care

Lancaster, NY

Total Revenue
$24,938,836
Total Expenses
$26,619,579
Total Assets
$27,261,074
Net Assets
$17,998,057
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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
1996
Legal Domicile
NY
Principal Officer
Christopher Koenig
Phone
7166840202
Tax Period
2023-01-01 to 2023-12-31

NIAGARA LUTHERAN DEVELOPMENT INC, founded in 1996, is a mid-sized nonprofit in the Health Care sector that reported $24.9M in total revenue in fiscal year 2023. Revenue grew 12% year-over-year, indicating healthy expansion.

Mission

Our mission is to provide for the physical, social and spiritual needs of the individuals we serve, in a Christian environment. The organization is a 1632 bed facility providing 24 hour skilled nursing and rehabilitation services.

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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 $61,076
Program Service Revenue $24,699,398
Investment Income $120,147
Other Revenue $58,215
TOTAL REVENUE $24,938,836

Expense Breakdown

Grants Paid $0
Salaries & Benefits $14,714,398
Fundraising Expenses $0
Program Expenses $23,446,111
Other Expenses $11,905,181
TOTAL EXPENSES $26,619,579

Year-over-Year Comparison

2023 2022 Change
Revenue $24,938,836 $22,246,380 +0.1%
Expenses $26,619,579 $22,151,578 +0.2%
Net Income $-1,680,743 $94,802 -18.7%
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
8
Independent Members
7
Employees
554
Volunteers
17

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
5
$648,274
Total Directors
8
$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 5
Officer Director
$0 $30,908 $403,591
Steven Chizuk Chief Financial Officer 5
Officer
$0 $30,947 $244,683
Rev Carol L Lankes Board Member/Chairman 0.5
Officer Director
$0 $0 $0
Cary Haller Board Member/Treasurer 0.5
Officer Director
$0 $0 $0
Mr Gerald C Saxe Board Member/Secretary 0.5
Officer Director
$0 $0 $0
Ms Candyce Ingwersen Board Member 0.5
Director
$0 $0 $0
Dr Michael Klein Board Member 0.5
Director
$0 $0 $0
Rev Paul R Mertzlufft Board Member 0.5
Director
$0 $0 $0
Dr Lonny Walter Board Member 0.5
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 $24,938,836 $26,619,579 $27,261,074 $-1,680,743
2022 $22,246,380 $22,151,578 $27,212,680 $94,802
2021 $23,493,790 $21,538,493 $27,263,054 $1,955,297
2020 $21,923,077 $21,842,457 $28,476,341 $80,620
2019 $22,321,097 $20,586,483 $26,891,006 $1,734,614
2018 $21,776,703 $20,299,628 $21,294,343 $1,477,075
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