LUTHERAN LEGACY FOUNDATION INC (EIN 203142622) - 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

2005

Legal Domicile

Principal Officer

THOMAS E PATCHETT

Phone

2174638202

Tax Period

2024-07-01 to 2025-06-30

LUTHERAN LEGACY FOUNDATION INC, founded in 2005, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $3.5M in total revenue in fiscal year 2024. Revenue surged 37% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.7M, a strong 48% operating margin.

Mission

LUTHERAN LEGACY FOUNDATION INC (LLF) IS ORGANIZED EXCLUSIVELY FOR CHARITABLE, RELIGIOUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES, INCLUDING MAKING DISTRIBUTIONS TO ORGANIZATIONS THAT QUALIFY AS EXEMPT ORGANIZATIONS UNDER SECTIONS 501(C)(3) OF THE INTERNAL REVENUE CODE, OR THE CORRESPONDING SECTION OF ANY FUTURE FEDERAL TAX CODE. THE PURPOSE OF THIS CORPORATION SHALL BE TO DISTRIBUTE FUNDS TO QUALIFIED CHARITABLE ORGANIZATIONS CONSISTENT WITH THE PURPOSES OF THE CORPORATION, SUBJECT TO ANY LIMITATIONS OR RESTRICTIONS STATED IN THE INSTRUMENT UNDER WHICH THE DONATION IS CONTRIBUTED TO THE CORPORATION.

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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 (2024)

Revenue Breakdown

Contributions & Grants $748,997

Program Service Revenue $524,722

Investment Income $2,229,880

Other Revenue $29,291

TOTAL REVENUE $3,532,890

Expense Breakdown

Grants Paid $1,046,160

Salaries & Benefits $383,351

Fundraising Expenses $15,567

Program Expenses $1,523,404

Other Expenses $393,262

TOTAL EXPENSES $1,822,773

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,532,890	$2,581,586	+0.4%
Expenses	$1,822,773	$1,466,676	+0.2%
Net Income	$1,710,117	$1,114,910	+0.5%

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

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

$106,469

Total Directors

$208,694

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY L KLUG	DIRECTOR	1.00	Director	$81,840	$5,885	$87,725
MARK BLUHM	EXECUTIVE DI	32.00	Officer Director	$61,469	$0	$61,469
CHRISTOPHER ELDREDGE	SECRETARY	1.00	Officer Director	$15,000	$0	$15,000
JAMES JORDAN-WAGNER	TREASURER	5.00	Officer Director	$15,000	$0	$15,000
THOMAS E PATCHETT	PRESIDENT	5.00	Officer Director	$15,000	$0	$15,000
INGRID PETRICH	DIRECTOR	1.00	Director	$14,500	$0	$14,500

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
2025	$3,532,890	$1,822,773	$84,835,040	$1,710,117
2024	$2,581,586	$1,466,676	$75,760,828	$1,114,910
2023	$126,948	$1,505,314	$64,156,450	$-1,378,366
2022	$3,118,884	$1,712,577	$56,372,398	$1,406,307
2021	$8,500,030	$1,370,653	$63,650,016	$7,129,377
2020	$2,732,259	$1,003,058	$47,751,255	$1,729,201
2019	$1,925,762	$1,098,380	$44,310,433	$827,382
2018	$1,385,049	$1,198,322	$43,309,203	$186,727

LUTHERAN LEGACY FOUNDATION INC