LUKE INC (EIN 203524338) - 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

RUDOLF W HERZKE

Phone

9017942598

Tax Period

2024-01-01 to 2024-12-31

LUKE INC, founded in 2005, is a mid-sized nonprofit in the Housing & Shelter sector that reported $27.7M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $41.9M exceeded revenue, resulting in a 52% operating deficit.

Mission

LUKE, INC. D/B/A THE FARMS AT BAILEY STATION IS DEDICATED TO PROVIDING RESIDENTS WITH A QUALITY LIFESTYLE IN A QUALITY ENVIRONMENT, SUPPORTING THE CONCEPT OF CONTINUED INDEPENDENCE AS A PRIORITY IN THE LIFE CARE DECISION.

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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 $0

Program Service Revenue $26,720,676

Investment Income $955,420

Other Revenue $0

TOTAL REVENUE $27,676,096

Expense Breakdown

Grants Paid $0

Salaries & Benefits $9,992,168

Fundraising Expenses $0

Program Expenses $36,606,579

Other Expenses $31,949,055

TOTAL EXPENSES $41,941,223

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,676,096	$23,115,141	+0.2%
Expenses	$41,941,223	$39,181,471	+0.1%
Net Income	$-14,265,127	$-16,066,330	-0.1%

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

530

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DR JAMES LATIMER	CHAIRMAN/DIRECTOR	1.00	Officer Director	$0	$0	$0
BILL MCGAUGHEY	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$0
CINDY COX	DIRECTOR	1.00	Director	$0	$0	$0
CINDY REAVES	DIRECTOR	1.00	Director	$0	$0	$0
JOHN FARRIS	DIRECTOR	1.00	Director	$0	$0	$0
JAMES LEWELLEN	DIRECTOR	1.00	Director	$0	$0	$0
RUDOLF W HERZKE	PRESIDENT	1.00	Officer	$0	$0	$0

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	$27,676,096	$41,941,223	$244,258,314	$-14,265,127
2023	$23,115,141	$39,181,471	$248,072,818	$-16,066,330
2022	$9,477,450	$26,356,308	$251,174,126	$-16,878,858
2021	$1,368,129	$5,353,456	$244,355,141	$-3,985,327
2020	$860,736	$2,227,621	$240,808,187	$-1,366,885
2019	$518,318	$2,352,493	$225,882,584	$-1,834,175
2018	$203,218	$2,115,722	$20,609,613	$-1,912,504

LUKE INC