CONCORDIA LUTHERAN MINISTRIES

EIN: 205138278 501(c)(3) Health Care

Cabot, PA

Total Revenue
$176,878,384
Total Expenses
$101,261,094
Total Assets
$658,963,567
Net Assets
$653,506,735
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Organization Details

Formation Year
2006
Legal Domicile
PA
Principal Officer
Keith Frndak President
Phone
7243521571
Tax Period
2022-07-01 to 2023-06-30

CONCORDIA LUTHERAN MINISTRIES, founded in 2006, is a major nonprofit in the Health Care sector that reported $176.9M in total revenue in fiscal year 2022. The organization ran a surplus of $75.6M, a strong 43% operating margin.

Mission

As a registered 501(c)(3) charitable organization, Concordia Lutheran Ministries supports affiliate organizations by providing access to corporate resources, expert support, consulting, acquiring new business, and carrying out its charitable purposes and mission: to serve our aging community with a continuum of high-quality care-giving options, provided in a Christian environment, and to serve those with limited funds to the best of our ability.

Program Service Accomplishments

Program 1
Expenses: $100,437,886 Revenue: $98,654

Concordia Lutheran Ministries is the parent company of a network of organizations that provide a full senior care suite of services that include skilled nursing, inpatient rehabilitation, outpatient...

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Concordia Lutheran Ministries is the parent company of a network of organizations that provide a full senior care suite of services that include skilled nursing, inpatient rehabilitation, outpatient rehabilitation, personal care/assisted living, independent living, memory care, adult day, childcare, home care, durable medical equipment, pharmacy, and hospice services. For over 140 years, Concordia Lutheran Ministries has been a place with a mission of caring, healing, and comfort provided through heartfelt Christian faith and a strong sense of service to others. The Organization, subsidiaries, and over 3,100 network employees continued to provide high quality services to the residents in its care as it has done throughout its existence, continuing its CARF accreditation for excellence, and having multiple highly related facilities by the Center of Medicare and Medicaid Services during the fiscal year. Through its ministries, the Organization served over 50,000 residents/patients through 22 related organizations with home and community-based service organizations providing nearly half a million caregiving visits in the last year alone. Concordia's newest blessing, Concordia at Bethlen was added to Concordia's suite of services in April 2023 and offers skilled nursing, personal care, independent living, hospice, home health, and private duty services to the Ligonier area of Pennsylvania. In pursuit of its mission, the Organization incurred expenses related to community benefit expenses, as well as the research and acquisition of other retirement communities, skilled nursing facilities, and personal care facilities. These expenses include legal and accounting fees, travel to facility sites, meetings related to acquisition decisions, and other research costs.

Program 2
Expenses: $202,107 Revenue: $0

The organization celebrated a number of anniversaries and other celebrations this year including the 15th Anniversary of Saxony Farm Estate acquisition, 5th Anniversary of Highpointe at Rebecca, 10th...

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The organization celebrated a number of anniversaries and other celebrations this year including the 15th Anniversary of Saxony Farm Estate acquisition, 5th Anniversary of Highpointe at Rebecca, 10th Anniversary of Concordia at Sumner acquisition, 15th Anniversary of Concordia Medical Equipment acquisition, 20th Anniversary of Providence Pharmacy, 10th Anniversary of Good Samaritan Hospice inpatient unit in Heritage Valley Health System, 5th Anniversary of Concordia at Villa St. Joseph acquisition, 25th Anniversary of Concordia Visiting, 5th Anniversary of Concordia Village of Tampa acquisition, The 20th Anniversary of Concordia at The Orchard acquisition, and the 20th Anniversary of Concordia at Ridgewood Place acquisition. In addition to the milestone celebrations, on any given day, you will find a multitude of activities and events happening on Concordia's campuses - live entertainment, worship services, summer picnics, Oktoberfest celebrations, Bible studies, visits with therapy animals, athletic demonstrations, a prom celebration, resident choir performances, bowling contests, and so much more. In addition to on-campus entertainment, residents and patients were able to go on more trips to local restaurants, shopping venues, entertainment options and other in-person experiences. While these group activities continued, many personal stories of faith in caring happened this year. No matter how large or small, the daily activities at all Concordia entities provide a sense of community for our residents, patients and the team members who care for them. In addition to the daily activities, the organization also has a full suite of pastoral care. Pastoral care has been an integral part of Concordia since its founding in 1881. The nearly 20 devoted employees are on call for emergencies at all times, and they serve residents, patients, families, employees, and community members with empathy and kindness. From hospital calls, counseling, in-home visits, in-facility worship services, Bible studies, hymn sings, and much more, this team is a vital component of the care provided at Concordia.

Program 3
Expenses: $96,845 Revenue: $0

Through the Organization's subsidiaries, the charitable mission of Concordia Lutheran Ministries was expressed in multiple ways. The Organization's subsidiaries were able to provide over $3,600,000...

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Through the Organization's subsidiaries, the charitable mission of Concordia Lutheran Ministries was expressed in multiple ways. The Organization's subsidiaries were able to provide over $3,600,000 in donations and grants to various charities in the Organization's local areas of operations and to individuals across the world in need. These donations and grants include support for but not limited to: soup kitchens, homeless shelters, church ministries, AIDS orphans in Africa, camps for grieving children after parental losses, and natural disaster relief. In addition to providing the donations and grants, the Organization's subsidiaries continued their missions by providing over $12,000,000 in benevolent care to over 600 residents who exhausted their funds while entrusted to their care. The Organization is proud to say that in its over 140 year history, related facilities have never discharged a resident due to an inability to pay. In addition to providing for those in need, the Organization's subsidiaries offer a full suite of affordable benefits to its over 3,100 employees including a health insurance program facilitated though the Organization. In addition to offering traditional benefits to its employees, the Organization's related organizations have also provided countless scholarships, gifts, and other incentives to showcase its commitment to being the employer of choice for its operating areas.

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $21,134,666
Program Service Revenue $98,654
Investment Income $152,320,656
Other Revenue $3,324,408
TOTAL REVENUE $176,878,384

Expense Breakdown

Grants Paid $100,437,887
Salaries & Benefits $0
Fundraising Expenses $14,347
Program Expenses $100,736,838
Other Expenses $823,207
TOTAL EXPENSES $101,261,094

Year-over-Year Comparison

2022 2021 Change
Revenue $176,878,384 $-27,744,987 -7.4%
Expenses $101,261,094 $2,226,056 +44.5%
Net Income $75,617,290 $-29,971,043 -3.5%
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
17
Independent Members
17
Employees
N/A
Volunteers
48

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
5
$1,634,742
Total Directors
19
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Keith Frndak-See Schedule O President/Chief Executive Officer 1
Officer
$0 $33,159 $853,480
Brian Hortert-See Schedule O Chief Operating Officer 1
Officer
$0 $34,296 $495,005
Michael Falbo-See Schedule O Chief Financial Officer 1
Officer
$0 $27,736 $286,257
James Limbaugh Chair 1
Officer Director
$0 $0 $0
James Wolf Vice Chairman 1
Officer Director
$0 $0 $0
Peter Bodnar Board Member 1
Director
$0 $0 $0
Rev Ronald Breight Board Member 1
Director
$0 $0 $0
Charlie Buttgereit Board Member 1
Director
$0 $0 $0
Jennifer Ciccone Board Member 1
Director
$0 $0 $0
Rev Edward Grimenstein Board Member 1
Director
$0 $0 $0
Rev Daniel Hahn Jr Board Member 1
Director
$0 $0 $0
Fred Heintz Jr Board Member 1
Director
$0 $0 $0
Paul Hoffman Board Member 1
Director
$0 $0 $0
Gail Holzer Board Member 1
Director
$0 $0 $0
Russell Lucas Board Member 1
Director
$0 $0 $0
Donald Olmstead Board Member 1
Director
$0 $0 $0
Sherrie Purucker Board Member 1
Director
$0 $0 $0
Robert Schmidt Board Member 1
Director
$0 $0 $0
Nell Wilson Board Member 1
Director
$0 $0 $0
Robert Wilshire Board Member 1
Director
$0 $0 $0
Rande Casaday Board Member 1
Director
$0 $0 $0
Katie Straszheim 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 No data No data No data No data
2024 No data No data No data No data
2023 $176,878,384 $101,261,094 $658,963,567 $75,617,290
2022 $-27,744,987 $2,226,056 $549,859,704 $-29,971,043
2021 $133,314,905 $10,246,670 $636,004,685 $123,068,235
2020 $44,493,853 $481,498 $481,636,250 $44,012,355
2019 $50,062,282 $403,622 $457,798,836 $49,658,660
2018 $55,615,504 $7,400,594 $415,323,400 $48,214,910
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