Lutheran Home at Trinity Oaks Property Inc

EIN: 201457796 501(c)(3)

Salisbury, NC

Total Revenue
$779,763
Total Expenses
$652,125
Total Assets
$11,830,090
Net Assets
$10,559,976
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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
2004
Legal Domicile
NC
Phone
7046372870
Tax Period
2023-10-01 to 2024-09-30

Lutheran Home at Trinity Oaks Property Inc, founded in 2004, is a small nonprofit that reported $780K in total revenue in fiscal year 2023. The organization ran a surplus of $128K, a strong 16% operating margin.

Mission

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

Program Service Accomplishments

Program 1
Expenses: $639,158 Revenue: $653,600

LUTHERAN HOME AT TRINITY OAKS PROPERTY, INC. OWNS THE LAND AND BUILDING LOCATED AT 820 KLUMAC ROAD IN SALISBURY, NC. THE CORPORATION LEASES THAT BUILDING TO LUTHERAN HOME AT TRINITY OAKS, INC., WHICH...

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LUTHERAN HOME AT TRINITY OAKS PROPERTY, INC. OWNS THE LAND AND BUILDING LOCATED AT 820 KLUMAC ROAD IN SALISBURY, NC. THE CORPORATION LEASES THAT BUILDING TO LUTHERAN HOME AT TRINITY OAKS, INC., WHICH STRIVES TO BE A TRUE HOME FOR ITS RESIDENTS, A PLACE OF COMFORT, SECURITY AND BELONGING. AS LESSOR, LUTHERAN HOME AT TRINITY OAKS PROPERTY, INC. CHARGES REASONABLE LEASE PAYMENTS SUFFICIENT TO PROVIDE ON-GOING UPKEEP OF THE FACILITY.

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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 $0
Program Service Revenue $653,600
Investment Income $126,163
Other Revenue $0
TOTAL REVENUE $779,763

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $639,158
Other Expenses $652,125
TOTAL EXPENSES $652,125

Year-over-Year Comparison

2023 2022 Change
Revenue $779,763 $752,601 +0.0%
Expenses $652,125 $451,494 +0.4%
Net Income $127,638 $301,107 -0.6%
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
3
Independent Members
2
Employees
N/A
Volunteers
N/A

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
3
$825,640
Total Directors
3
$429,211
Key Employees
1
$295,440
Highest Compensated
1
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
William Johnson Executive Director 1.0
Highest
$0 $9,273 $221,570
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 $779,763 $652,125 $11,830,090 $127,638
2023 $752,601 $451,494 $10,924,888 $301,107
2022 $755,239 $405,418 $10,298,885 $349,821
2021 $870,126 $379,620 $10,974,132 $490,506
2020 $877,715 $340,658 $9,852,298 $537,057
2019 $659,956 $238,809 $7,931,206 $421,147
2018 $500,822 $242,512 $6,942,652 $258,310
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