Lutheran Home at Trinity Oaks Inc (EIN 201457824) - Form 990 Financial Analysis & Trantor Score

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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

Phone

7046372870

Tax Period

2023-10-01 to 2024-09-30

Lutheran Home at Trinity Oaks Inc, founded in 2004, is a mid-sized nonprofit that reported $16.2M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $15.1M left a modest 7% surplus.

Mission

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

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $24,700

Program Service Revenue $15,658,074

Investment Income $426,201

Other Revenue $43,276

TOTAL REVENUE $16,152,251

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,110,833

Fundraising Expenses $0

Program Expenses $13,642,647

Other Expenses $5,968,892

TOTAL EXPENSES $15,079,725

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,152,251	$14,293,207	+0.1%
Expenses	$15,079,725	$13,445,964	+0.1%
Net Income	$1,072,526	$847,243	+0.3%

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

Governance

Voting Members

Independent Members

Employees

259

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
Elizabeth A Grant	RN Supervisor	40.0	Highest	$105,698	$6,967	$112,665
Timothy Cornelison	Administrator	40.0	Highest	$119,395	$7,874	$127,269
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	$16,152,251	$15,079,725	$23,249,766	$1,072,526
2023	$14,293,207	$13,445,964	$19,745,738	$847,243
2022	$16,019,722	$12,509,573	$18,261,717	$3,510,149
2021	$13,832,203	$11,867,236	$16,250,206	$1,964,967
2020	$13,067,433	$11,631,932	$14,159,035	$1,435,501
2019	$11,811,619	$11,278,526	$11,904,220	$533,093
2018	$12,247,498	$12,160,287	$11,573,382	$87,211

Lutheran Home at Trinity Oaks Inc