LUTHER TOWERS OF DOVER INC (EIN 222458263) - 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

1984

Legal Domicile

Principal Officer

KIMBERLY MENDOZA

Phone

3026741408

Tax Period

2023-07-01 to 2024-06-30

LUTHER TOWERS OF DOVER INC, founded in 1984, is a small nonprofit in the Housing & Shelter sector that reported $767K in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. The organization ran a surplus of $231K, a strong 30% operating margin.

Mission

THE ORGANIZATION OPERATES A 50 UNIT APARTMENT FACILITY FOR THE ELDERLY LOCATED IN DOVER, DE

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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 $517,423

Program Service Revenue $237,641

Investment Income $4,956

Other Revenue $6,946

TOTAL REVENUE $766,966

Expense Breakdown

Grants Paid $0

Salaries & Benefits $181,072

Fundraising Expenses $0

Program Expenses $438,240

Other Expenses $355,191

TOTAL EXPENSES $536,263

Year-over-Year Comparison

	2023	2022	Change
Revenue	$766,966	$706,935	+0.1%
Expenses	$536,263	$550,991	0.0%
Net Income	$230,703	$155,944	+0.5%

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

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

N/A

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

$115,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK MURPHY	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD FOSKETT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HAZEL PARTRIDGE	SECRETARY	2.00	Officer Director	$0	$0	$0
RON MORELLA	TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA IMPOLLONIA	DIRECTOR	1.00	Director	$0	$0	$0
RUTH LYON	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR V ANNE STRICKERT	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR CHARLES RANSDELL	DIRECTOR	1.00	Director	$0	$0	$0
KIM MENDOZA	EXECUTIVE DIRECTOR	40.00	Officer	$0	$5,345	$115,197

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	$766,966	$536,263	$1,435,782	$230,703
2023	$706,935	$550,991	$1,284,239	$155,944
2022	$684,682	$528,680	$1,283,226	$156,002
2021	$676,095	$507,874	$1,239,153	$168,221
2020	$645,105	$490,322	$1,223,519	$154,783
2019	$557,218	$474,249	$1,141,686	$82,969

LUTHER TOWERS OF DOVER INC