LUTHERAN SOCIAL MINISTRIES OF NEW … - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year

1904

Legal Domicile

Principal Officer

COLLEEN P FRANKENFIELD

Phone

6093867171

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN SOCIAL MINISTRIES OF NEW JERSEY INC, founded in 1904, is a community nonprofit in the Human Services sector that reported $6.6M in total revenue in fiscal year 2023. Expenses of $5.7M left a modest 13% surplus.

Mission

THROUGH THE POWER OF THE HOLY SPIRIT AND IN RESPONSE TO GOD'S LOVE AS REVEALED IN THE GOSPEL, THE MISSION OF LUTHERAN SOCIAL MINISTRIES OF NJ IS TO SERVE THOSE WHO HURT, WHO ARE IN NEED, OR WHO HAVE LIMITED CHOICES THROUGH AN ARRAY OF HEALTH CARE AND SOCIAL SERVICES IN NJ.

Program Service Accomplishments

Program 1

Expenses: $914,230 Revenue: $5,117,888

LUTHERAN SOCIAL MINISTRIES OF NEW JERSEY, INC. PROVIDES MANAGEMENT AND SUPPORT SERVICES TO ITS NOT-FOR-PROFIT AFFILIATE HEALTH CARE AND SOCIAL SERVICE ENTITIES. LSMNJ PROVIDED FINANCIAL ASSISTANCE TO...

Program 2

Expenses: $365,180 Revenue: $37,440

LUTHERAN SOCIAL MINISTRIES OF NEW JERSEY, INC. PROVIDES IMMIGRATION SERVICES. SERVICES INCLUDE AN ADULT LITERACY PROGRAM AND JOB PLACEMENT. APPROXIMATELY 333 CLIENTS WERE SERVED IN 2023.

Program 3

Expenses: $56,625 Revenue: $33,883

LUTHERAN SOCIAL MINISTRIES OF NEW JERSEY, INC. PROVIDES A WIDE ARRAY OF HOUSING SERVICES INCLUDING RESIDENTIAL HOUSING FOR SENIORS AND FAMILIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $18,087

Program Service Revenue $5,189,211

Investment Income $1,310,597

Other Revenue $85,584

TOTAL REVENUE $6,603,479

Expense Breakdown

Grants Paid $6,295

Salaries & Benefits $4,108,898

Fundraising Expenses $0

Program Expenses $1,336,035

Other Expenses $1,617,588

TOTAL EXPENSES $5,732,781

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,603,479	$6,756,459	0.0%
Expenses	$5,732,781	$5,441,739	+0.1%
Net Income	$870,698	$1,314,720	-0.3%

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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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

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

$1,140,549

Total Directors

$772,114

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD HILDEBRANDT	CHAIR	0.50	Officer Director	$0	$0	$0
KENNETH VAN DONGEN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
EDWARD P NOBLE	TREASURER	0.50	Officer Director	$0	$0	$0
JUHAN RUNNE	SECRETARY	0.50	Officer Director	$0	$0	$0
REV TRACIE BARTHOLOMEW	TRUSTEE	0.50	Director	$0	$0	$0
REV STEPHEN GEWECKE	TRUSTEE	0.50	Director	$0	$0	$0
RAFAEL HACISKI	TRUSTEE	0.50	Director	$0	$0	$0
TERRY SHINE	TRUSTEE	0.50	Director	$0	$0	$0
REV DR ANTHONY STEINBRONN	TRUSTEE	0.50	Director	$0	$0	$0
LARRY SCHUMANN	TRUSTEE (UNTIL 3/23)	0.50	Director	$0	$0	$0
COLLEEN P FRANKENFIELD	PRESIDENT & CEO	0.50	Officer Director	$727,329	$44,785	$772,114
JEANNINE RICHMAN	SR. VICE PRESIDENT & CFO	0.50	Officer	$345,235	$23,200	$368,435
SHERRY OUTTEN	COO	40.00	Highest	$402,605	$16,059	$418,664
KRISTA JACOBS	VP HR	40.00	Highest	$248,246	$16,800	$265,046
RONALD SINGER	CONTROLLER	40.00	Highest	$171,073	$13,362	$184,435
TERESA CAVACINO	V.P. CLINICAL SERVICES	40.00	Highest	$162,038	$13,041	$175,079
MICHELLE HODGSON	DIRECTOR OF IMMIGRATION LEGAL SERVICES	40.00	Highest	$138,557	$11,437	$149,994

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	No data	No data	No data	No data
2023	$6,603,479	$5,732,781	$46,371,848	$870,698
2022	$6,756,459	$5,441,739	$38,307,481	$1,314,720
2021	$9,517,411	$5,495,872	$47,884,072	$4,021,539
2020	$6,143,136	$5,246,118	$47,418,784	$897,018
2019	$7,245,492	$5,580,974	$38,612,925	$1,664,518
2018	$6,943,611	$6,228,251	$35,808,581	$715,360

LUTHERAN SOCIAL MINISTRIES OF NEW JERSEY INC