LUTHER HOUSE II INC (EIN 233024269) - 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

STEPHEN BOSSONG

Phone

6108694240

Tax Period

2024-01-01 to 2024-12-31

LUTHER HOUSE II INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $616K in total revenue in fiscal year 2024. Expenses of $703K exceeded revenue, resulting in a 14% operating deficit.

Mission

PROVIDE HOUSING FOR THE ELDERLY.

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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 $16,000

Program Service Revenue $596,675

Investment Income $2,547

Other Revenue $763

TOTAL REVENUE $615,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $228,767

Fundraising Expenses $0

Program Expenses $488,369

Other Expenses $474,060

TOTAL EXPENSES $702,827

Year-over-Year Comparison

	2024	2023	Change
Revenue	$615,985	$580,133	+0.1%
Expenses	$702,827	$675,403	+0.0%
Net Income	$-86,842	$-95,270	-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

N/A

Volunteers

196

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

$167,028

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA SEIP	EXECUTIVE DI	10.00	Officer	$0	$35,339	$167,028
STEPHEN BOSSONG	PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANE CHUN	TREASURER	2.00	Officer Director	$0	$0	$0
JAY LISKA	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIC HEISS	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA BERKWITS	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LOU MINELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD STREAMER	BOARD MEMBER	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	$615,985	$702,827	$3,217,846	$-86,842
2023	$580,133	$675,403	$3,336,249	$-95,270
2022	$539,669	$667,125	$3,411,490	$-127,456
2021	$507,977	$649,968	$3,540,780	$-141,991
2020	$511,033	$642,231	$3,686,730	$-131,198
2019	$489,047	$608,378	$3,825,972	$-119,331
2018	$482,579	$614,902	$3,939,894	$-132,323

LUTHER HOUSE II INC