CONCORDIA LUTHERAN MINISTRIESFOUNDATION

EIN: 205138266 501(c)(3) Health Care

Cabot, PA

Total Revenue
$41,077,343
Total Expenses
$16,798,213
Total Assets
$308,045,720
Net Assets
$307,401,912
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Financial Trends

Organization Details

Formation Year
2006
Legal Domicile
PA
Principal Officer
Keith Frndak President
Phone
7243521571
Tax Period
2024-07-01 to 2025-06-30

CONCORDIA LUTHERAN MINISTRIESFOUNDATION, founded in 2006, is a mid-sized nonprofit in the Health Care sector that reported $41.1M in total revenue in fiscal year 2024. Revenue surged 76% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24.3M, a strong 59% operating margin.

Mission

The organization's exempt purpose is to manage the raising, receiving, and expending of funds in furtherance of the mission statement & corporate promises of the following 501(c)(3)'s: Concordia Lutheran Health and Human Care (EIN 25-0969458), Concordia Visiting Nurses (EIN 42-1704067), Concordia Lutheran Ministries of Pittsburgh (EIN 27-0209886), Rebecca Residence (EIN 25-0974311), Concordia Tele-Caregivers (EIN 25-1881783), Concordia of Ohio (EIN 61-1682165), Concordia Visiting Nurses of Ohio (EIN 46-3845269), Concordia of Monroeville (EIN 25-1475192), Cedars Home Health Services (EIN 25-1875508), Concordia Hospice on Washington (EIN 81-2448411), Concordia Physician Practice (EIN 47-3951584), Good Samaritan Hospice of Pittsburgh (EIN 25-1818793),Concordia Medical Equipment (EIN 20-4386767), Concordia of Florida (EIN 37-1869372), Bethlen Home of the Hungarian Reformed Federation of America (EIN 25-0981135), and Visiting Nurse Association of Indiana County (EIN 23-7042932).

Program Service Accomplishments

Program 1
Expenses: $12,984,909 Revenue: $421,136

The Concordia Lutheran Ministries Foundation is the primary charitable outreach arm for the Concordia Lutheran Ministries network of companies (Concordia). In addition to supporting nearly 100 unique...

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The Concordia Lutheran Ministries Foundation is the primary charitable outreach arm for the Concordia Lutheran Ministries network of companies (Concordia). In addition to supporting nearly 100 unique third-party organizations, the organization also helps support the operations of the other Concordia Lutheran Ministries companies within the network. These donations to affiliated organizations (listed in Part III, Line 1 and Schedule A) support the mission and purpose of those organizations by increasing the quality of care and quality of life in a Christian environment for all those being served. Through the use of these funds, related organizations have been able to establish a scholarship program for employees, help support adult day services within the network, and help fund Christmas parties at various locations during the year. Historically, grants and donations to related organization have been for the purpose of assisting in the acquisition of new locations and funding the construction of therapy gyms and chapels at various locations. Donors also contribute to the organization on the behalf of the related entities; donations of $421,136 were received by Concordia Lutheran Ministries Foundation on behalf of our affiliate organizations.

Program 2
Expenses: $2,392,939 Revenue: $26,839

The Angel Tear Ministries Fund was established for the purpose of assisting third-party 501(c)(3) organizations to better serve both domestic and foreign communities through Christ-centered programs...

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The Angel Tear Ministries Fund was established for the purpose of assisting third-party 501(c)(3) organizations to better serve both domestic and foreign communities through Christ-centered programs that provide food, housing, education, and medical care to underserved and underprivileged children and families. Nearly 100 organizations were assisted during fiscal year 2025 including missions supported in over 30 countries and 15 churches. These grants include the funding of care to 1,404 children in Kenya and Ethiopia who have primarily been affected by the AIDs epidemic through Compassion International. Closer to home, the funds are used by organizations to operate soup kitchens, homeless shelters, afterschool programs, and ministry programs. Additionally, assisting those affected by natural disasters has been a core tenant of the organizations mission and the organization has donated to countless organizations to assist in recover effects after natural disasters. The Angel Tears Program houses a $100,000 discretionary fund that is used to help local area organizations and families with fundraising and/or hardship situations. Donations of $26,839 were received to the Angel Tear Ministries Fund.

Program 3
Expenses: $611,475 Revenue: $1,776,071

The Good Samaritan Endowment Fund was established to assist Concordia in fulfilling its charitable mission by helping supplement the organization to allow for more benevolent care for residents with...

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The Good Samaritan Endowment Fund was established to assist Concordia in fulfilling its charitable mission by helping supplement the organization to allow for more benevolent care for residents with financial needs due to the exhaustion of funds. The fund has been supported through gifts from Concordia, gifts from gracious patients and their family members, and by gifts from the employees of Concordia. $1,776,071 in donations were received and restricted to the Good Samaritan Endowment Fund during the fiscal year. Concordia has a philosophy of providing care to residents regardless of their ability to pay and provided $4,113,641 in benevolent care in fiscal year 2025. The recipients of charity care reside in all levels of care and include residents served in skilled nursing, personal care, and independent living. In its nearly 140-year history, the organization has never discharged a resident for an in ability to pay. Concordia views benevolent care as a core tenant of its mission and would provide charity care even if the fund did not exist; but due to the support of the fund, Concordia can provide significantly more care to those in need compared to if the entire shortfall due to the benevolent care had to be offset with excesses from other operations.

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $22,150,979
Program Service Revenue $2,596,187
Investment Income $16,343,438
Other Revenue $-13,261
TOTAL REVENUE $41,077,343

Expense Breakdown

Grants Paid $16,051,676
Salaries & Benefits $0
Fundraising Expenses $238,833
Program Expenses $16,082,676
Other Expenses $746,537
TOTAL EXPENSES $16,798,213

Year-over-Year Comparison

2024 2023 Change
Revenue $41,077,343 $23,309,732 +0.8%
Expenses $16,798,213 $15,461,763 +0.1%
Net Income $24,279,130 $7,847,969 +2.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
14
Independent Members
5
Employees
N/A
Volunteers
68

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
2
$1,263,959
Total Directors
15
$2,698,369
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Frndak-See Schedule O Chair/President 1
Officer Director
$0 $37,218 $905,273
Brian Hortert-See Schedule O Board Member 1
Director
$0 $36,679 $551,892
Michael Falbo-See Schedule O Secretary/Treasurer 1
Officer Director
$0 $33,072 $358,686
Tammy Young-See Schedule O Board Member 1
Director
$0 $15,421 $274,253
Misty Ingram-See Schedule O Board Member 1
Director
$0 $23,844 $191,549
Conor Hagey-See Schedule O Board Member 1
Director
$0 $21,142 $131,738
Tim Temple-See Schedule O Board Member 1
Director
$0 $15,146 $121,981
Adam Toncini-See Schedule O Board Member 1
Director
$0 $14,679 $115,491
Leonard Quimby-See Schedule O Board Member 1
Director
$0 $5,721 $47,506
Rev Ronald Breight Board Member 1
Director
$0 $0 $0
Rande Casaday Board Member 1
Director
$0 $0 $0
Don Olmstead Board Member 1
Director
$0 $0 $0
Robert Schmidt Board Member 1
Director
$0 $0 $0
Jim Wolf Board Member 1
Director
$0 $0 $0
Rev Jamison Hardy Board Member 1
Director
$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
2025 $41,077,343 $16,798,213 $308,045,720 $24,279,130
2024 No data No data No data No data
2023 $23,077,865 $14,323,641 $237,691,122 $8,754,224
2022 $34,450,790 $13,346,572 $203,900,854 $21,104,218
2021 $36,499,919 $12,885,659 $226,432,111 $23,614,260
2020 $24,283,286 $12,984,550 $177,675,939 $11,298,736
2019 $36,130,494 $11,685,028 $173,502,625 $24,445,466
2018 $24,736,245 $15,961,961 $155,424,861 $8,774,284
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