LUTHERAN HOUSING INC (EIN 222218647) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

Principal Officer

DENNIS MCKITHEN

Phone

6093925628

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN HOUSING INC, founded in 1977, is a community nonprofit that reported $3.9M in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. The organization ran a surplus of $795K, a strong 20% operating margin.

Mission

LOW-INCOME HOUSING FOR SENIOR CITIZENS AND HANDICAPPED PERSONS UNDER SECTION 8 OF THE NATIONAL HOUSING ACT

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,643,611

Investment Income $276,921

Other Revenue $0

TOTAL REVENUE $3,920,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $545,952

Fundraising Expenses $0

Program Expenses $2,532,000

Other Expenses $2,579,693

TOTAL EXPENSES $3,125,645

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,920,532	$3,583,587	+0.1%
Expenses	$3,125,645	$2,672,208	+0.2%
Net Income	$794,887	$911,379	-0.1%

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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DENNIS MCKITHEN	PRESIDENT	1.00	Officer Director	$0	$0	$0
DAVID SMITH	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
ALBERT COWELL	TREASURER	1.00	Officer Director	$0	$0	$0
DEBRA BURD	SECRETARY	1.00	Officer Director	$0	$0	$0
DICK SWORD	ASSISTANT TREASURER	1.00	Officer Director	$0	$0	$0
PASTER RAYMOND KOLISON	TRUSTEE	1.00	Director	$0	$0	$0
PAUL GOEPFERT	TRUSTEE	1.00	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
2024	$3,920,532	$3,125,645	$9,943,645	$794,887
2023	$3,583,587	$2,672,208	$9,088,802	$911,379
2022	$3,283,485	$2,632,583	$8,257,235	$650,902
2021	$3,344,139	$2,656,529	$7,552,554	$687,610
2020	$3,184,731	$2,555,306	$7,113,723	$629,425
2019	$3,234,881	$2,652,651	$6,308,288	$582,230
2018	$3,133,366	$2,737,099	$5,808,444	$396,267

LUTHERAN HOUSING INC