Lutheran Home - Albemarle Inc (EIN 201457298) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2004

Legal Domicile

Phone

7046372870

Tax Period

2023-10-01 to 2024-09-30

Lutheran Home - Albemarle Inc, founded in 2004, is a mid-sized nonprofit that reported $10.7M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $25,257

Program Service Revenue $10,565,744

Investment Income $82,041

Other Revenue $36,704

TOTAL REVENUE $10,709,746

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,736,548

Fundraising Expenses $0

Program Expenses $10,029,827

Other Expenses $4,256,314

TOTAL EXPENSES $10,992,862

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,709,746	$9,894,918	+0.1%
Expenses	$10,992,862	$10,043,054	+0.1%
Net Income	$-283,116	$-148,136	+0.9%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

197

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

$825,640

Total Directors

$429,211

Key Employees

$295,440

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ted Goins	President/CEO	1.0	Officer Director	$0	$13,158	$429,211
Cary M Grant	Vice Chair	1.0	Director	$0	$0	$0
Gregory Hudgins	Chair	1.0	Director	$0	$0	$0
Karen Maddry	Secretary	1.0	Officer	$0	$10,047	$94,526
Kirby Nickerson	Chief Financial Officer	1.0	Officer	$0	$15,848	$301,903
Kesha Smith	Chief Operating Officer	1.0	Key Emp	$0	$14,715	$295,440
Todd Rogers	Director of Nursing	40.0	Highest	$112,246	$8,944	$121,190

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	$10,709,746	$10,992,862	$6,978,197	$-283,116
2023	$9,894,918	$10,043,054	$6,634,706	$-148,136
2022	$11,242,513	$9,236,425	$6,603,705	$2,006,088
2021	$9,142,249	$8,846,122	$5,090,743	$296,127
2020	$8,627,827	$8,163,060	$4,602,596	$464,767
2019	$7,275,140	$7,506,421	$3,915,129	$-231,281
2018	$6,981,392	$7,116,585	$4,091,027	$-135,193

Lutheran Home - Albemarle Inc