Lancaster, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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 162 bed facility providing 24 hour skilled nursing and rehabilitation services.
A 162 bed facility providing 24 hour skilled nursing care, rehabilitation services, specialized nutrition programs, home-style meals tailored to meet individual needs, activities programs, on site...
A 162 bed facility providing 24 hour skilled nursing care, rehabilitation services, specialized nutrition programs, home-style meals tailored to meet individual needs, activities programs, on site barber and beauty salon, case management, dental, optical and podiatry services, ecumenical worship and pastoral care services and 24 hour security at a reasonable cost to all of our residents. Approximately 62% of our residents receive government support (Medicare and Medicaid). During 2023, we provided services to 1,359 residents (1,059 inpatient and 300 outpatient) needing short term rehabilitation and or long term skilled nursing services. The facility is also used for block club meetings, seminars, blood drives and various other community activities such as local health fairs. (55,005 days)
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
Compare NIAGARA LUTHERAN DEVELOPMENT INC with other nonprofits in New York and across the country.