LUTHERAN HOME FOR THE AGED

EIN: 250990591 501(c)(3)

ERIE, PA

Total Revenue
$39,821,403
Total Expenses
$30,143,453
Total Assets
N/A
Net Assets
N/A
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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
1906
Legal Domicile
PA
Principal Officer
JEFFREY PHILLIPS
Phone
8144565433
Tax Period
2021-01-01 to 2021-12-31

LUTHERAN HOME FOR THE AGED, founded in 1906, is a mid-sized nonprofit that reported $39.8M in total revenue in fiscal year 2021. Revenue decreased 12% compared to the prior year. The organization ran a surplus of $9.7M, a strong 24% operating margin.

Mission

LIFE PROGRAM (LIVING INDEPENDENCE FOR THE ELDERLY)

Program Service Accomplishments

Program 1
Expenses: $26,717,880 Revenue: $39,318,525

LIFE PROGRAM (LIVING INDEPENDENCE FOR THE ELDERLY) - THIS IS A MANAGED CARE PROGRAM FOR FRAIL ELDERLY RECIPIENTS WHO HAVE BEEN DETERMINED TO NEED NURSING FACILITY LEVEL OF CARE, BUT WISH TO REMAIN IN...

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LIFE PROGRAM (LIVING INDEPENDENCE FOR THE ELDERLY) - THIS IS A MANAGED CARE PROGRAM FOR FRAIL ELDERLY RECIPIENTS WHO HAVE BEEN DETERMINED TO NEED NURSING FACILITY LEVEL OF CARE, BUT WISH TO REMAIN IN THEIR HOMES AND COMMUNITIES AS LONG AS POSSIBLE.

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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%)

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Financial Overview (2021)

Revenue Breakdown

Contributions & Grants $155,913
Program Service Revenue $39,287,079
Investment Income $346,965
Other Revenue $31,446
TOTAL REVENUE $39,821,403

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,880,190
Fundraising Expenses $0
Program Expenses $26,717,880
Other Expenses $18,263,263
TOTAL EXPENSES $30,143,453

Year-over-Year Comparison

2021 2020 Change
Revenue $39,821,403 $45,250,754 -0.1%
Expenses $30,143,453 $31,419,152 0.0%
Net Income $9,677,950 $13,831,602 -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

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

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Governance

Voting Members
10
Independent Members
10
Employees
306
Volunteers
10

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
5
$13,495,369
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PASTOR ALBERT GESLER PRESIDENT 0.50
Officer Director
$0 $0 $0
WADE ROOT VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
JEANNE TROPPER SECRETARY 0.50
Officer Director
$0 $0 $0
MELANIE BREWER BOARD MEMBER 0.50
Director
$0 $0 $0
DR FLOYD CSIR BOARD MEMBER 0.50
Director
$0 $0 $0
DR DENNIS MICHALAK BOARD MEMBER 0.50
Director
$0 $0 $0
ROLAND KING BOARD MEMBER 0.50
Director
$0 $0 $0
DR THOMAS MASTERS BOARD MEMBER 0.50
Director
$0 $0 $0
PASTOR MATTHEW DENNISON BOARD MEMBER 0.50
Director
$0 $0 $0
ROB JOYCE BOARD MEMBER 0.50
Director
$0 $0 $0
MARK GUSEK CEO 60.00
Officer
$12,693,194 $47,956 $12,741,150
WILLIAM FELDMANN CFO 60.00
Officer
$749,608 $4,611 $754,219
GENTRY CHAPMAN DIRECTOR OF THERAPY 60.00
Highest
$391,640 $17,400 $409,040
KEVIN SHAFFER MD PHYSICIAN 60.00
Highest
$1,806,558 $4,899 $1,811,457
LAURA LYONS EXECUTIVE DIRECTOR 60.00
Highest
$638,069 $5,854 $643,923
LORI HETRICK VP OF FINANCE 60.00
Highest
$430,689 $8,051 $438,740
JUSTIN MILES DIRECTOR OF HUMAN RESOURCE 60.00
Highest
$398,661 $15,859 $414,520
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
2021 $39,821,403 $30,143,453 No data $9,677,950
2020 $45,250,754 $31,419,152 $45,659,325 $13,831,602
2019 $37,629,678 $30,202,781 $31,291,553 $7,426,897
2018 $26,742,316 $26,789,651 $23,084,673 $-47,335
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