THE LUTHERAN PARK CORPORATION INC

EIN: 208251512 501(c)(3)

FORT WAYNE, IN

Total Revenue
$150,186
Total Expenses
$179,989
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
IN
Principal Officer
MARCIA HAAFF
Phone
2604582112
Tax Period
2020-07-01 to 2021-06-30

THE LUTHERAN PARK CORPORATION INC, founded in 2007, is a small nonprofit that reported $150K in total revenue in fiscal year 2020. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $180K exceeded revenue, resulting in a 20% operating deficit.

Mission

THE PURPOSE OF LUTHERAN PARK CORPORATION IS: 1. TO PROMOTE RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERACY, AND EDUCATIONAL PROJECTS; 2. TO ESTABLISH, MAINTAIN AND OPERATE AN APPROXIMATELY TWELVE (12) ACRE NEIGHBORHOOD PARK (ALSO KNOWN AS LUTHERAN PARK AND GARDENS) AT THE SITE OF THE FORMER LUTHERAN HOSPITAL OF FORT WAYNE, INC.; 3. TO LEASE THE PARK AND THE BUILDING LOCATED IN THE PARK TO CORPORATIONS, FOUNDATIONS, FUNDS AND COMMUNITY CHEST WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERACY OR EDUCATIONAL PURPOSES AND WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C) (3) OF THE INTERNAL REVENUE CODE OF 1954, OR THE CORRESPONDING PROVISIONS OF ANY SUBSEQUENT REVENUE ACT; 4. TO MAKE CONTRIBUTIONS TO OTHER CORPORATIONS, FOUNDATIONS, FUNDS AND COMMUNITY CHESTS WHICH ARE ORGANIZED AND OPERATED EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERACY OR EDUCATIONAL PURPOSES AND WHICH ARE EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(

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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 (2020)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $150,000
Investment Income $186
Other Revenue $0
TOTAL REVENUE $150,186

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $161,994
Other Expenses $179,989
TOTAL EXPENSES $179,989

Year-over-Year Comparison

2020 2019 Change
Revenue $150,186 $213,778 -0.3%
Expenses $179,989 $181,393 0.0%
Net Income $-29,803 $32,385 -1.9%
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
3
Independent Members
3
Employees
N/A
Volunteers
3

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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARCIA HAAFF PRESIDENT 0.20
Officer Director
$0 $0 $0
JIM DOWLING VICE PRESIDE 0.20
Officer Director
$0 $0 $0
DENNIS BECKER TREASURER/SE 0.20
Officer 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
2021 $150,186 $179,989 No data $-29,803
2020 $213,778 $181,393 $924,002 $32,385
2019 $216,043 $215,917 $882,294 $126
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