LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION (EIN 223876595) - 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

2002

Legal Domicile

Principal Officer

JOHN BARNUM

Phone

8142381949

Tax Period

2024-07-01 to 2025-06-30

LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION, founded in 2002, is a mid-sized nonprofit that reported $18.7M in total revenue in fiscal year 2024. Expenses of $17.8M left a modest 5% surplus.

Mission

THE VILLAGE AT PENN STATE SUPPORTS A VIBRANT LIFESTYLE AS A PREMIER RETIREMENT COMMUNITY WITH A PENN STATE UNIVERSITY RELATIONSHIP.

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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 $15,476

Program Service Revenue $18,277,278

Investment Income $339,812

Other Revenue $56,099

TOTAL REVENUE $18,688,665

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,900,594

Fundraising Expenses $75,000

Program Expenses $14,821,297

Other Expenses $10,856,704

TOTAL EXPENSES $17,757,298

Year-over-Year Comparison

	2024	2023	Change
Revenue	$18,688,665	$18,129,899	+0.0%
Expenses	$17,757,298	$18,411,275	0.0%
Net Income	$931,367	$-281,376	-4.3%

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

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

224

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

$1,677,798

Total Directors

$1,148,311

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN M BARNUM	CFO/SVP THROUGH 10/25	0.50	Officer Director	$0	$40,347	$434,915
SALLY WILLIAMS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
EDWARD PRINCE	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANK DUCATO	BOARD MEMBER	0.50	Director	$0	$0	$0
NIKKI HILL	BOARD MEMBER	0.50	Director	$0	$0	$0
NANCY SILVIS	BOARD MEMBER	0.50	Director	$0	$0	$0
MARTY SLIWINSKI	BOARD MEMBER	0.50	Director	$0	$0	$0
TAMIA KRAMER	BOARD MEMBER	0.50	Director	$0	$0	$0
JAYNE GLOCKE	BOARD MEMBER	0.50	Director	$0	$0	$0
FRANK ROTH	BOARD MEMBER	0.50	Director	$0	$0	$0
LUANNE FISHER	CEO/PRESIDENT UNTIL 11/25	0.50	Officer Director	$0	$33,119	$713,396
N/A	CHAIR	0.50		$0	$0	$0
JOAN MYERS	SENIOR VP/COO	0.50	Officer	$0	$20,656	$372,537
ELLEN CORBIN	EXECUTIVE DIRECTOR	37.50	Officer	$0	$4,121	$156,950
DUANE LEITZELL	DIR OF DINING SERVICES-THE VILLAGE AT PENN STATE	37.50	Highest	$116,554	$14,673	$131,227
GARY DOLAN	DIRECTOR OF FACILITIES	37.50	Highest	$114,545	$11,999	$126,544
MICHELLE GORIN	DIRECTOR OF NURSING-THE VILLAGE AT PENN STATE	37.50	Highest	$110,305	$3,075	$113,380

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	$18,688,665	$17,757,298	$57,079,785	$931,367
2024	$18,129,899	$18,411,275	$55,102,762	$-281,376
2023	$16,686,526	$16,368,033	$56,416,238	$318,493
2022	$14,594,791	$14,334,314	$53,784,628	$260,477
2021	$15,701,429	$14,149,766	$52,974,358	$1,551,663
2020	$14,735,629	$14,213,763	$58,332,859	$521,866
2019	$13,792,783	$12,912,485	$60,673,642	$880,298
2018	$12,958,448	$12,707,652	$53,638,904	$250,796

LIBERTY LUTHERAN HOUSING DEVELOPMENT CORPORATION