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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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

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

Concordia Lutheran Ministries' primary exempt purpose is to manage, oversee, and carry out the charitable purposes of affiliate 501(c)(3) organizations. See Part III, Line 1 for further explanation.

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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%)

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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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Financial Health Indicators

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Liquidity & Cash Position

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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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