LUTHERAN HOME AT KANE (EIN 251158827) - 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

1966

Legal Domicile

Principal Officer

CHARLOTTE FLORAVIT

Phone

8149751254

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN HOME AT KANE, founded in 1966, is a mid-sized nonprofit that reported $10.1M in total revenue in fiscal year 2023. Revenue grew 8% year-over-year, indicating healthy expansion. Expenses of $9.0M left a modest 10% surplus.

Mission

TO PROVIDE SKILLED NURSING AND PERSONAL CARE TO 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 (2023)

Revenue Breakdown

Contributions & Grants $218,278

Program Service Revenue $9,840,612

Investment Income $39,750

Other Revenue $0

TOTAL REVENUE $10,098,640

Expense Breakdown

Grants Paid $0

Salaries & Benefits $5,859,920

Fundraising Expenses $35,000

Program Expenses $8,257,490

Other Expenses $3,185,439

TOTAL EXPENSES $9,045,359

Year-over-Year Comparison

	2023	2022	Change
Revenue	$10,098,640	$9,332,377	+0.1%
Expenses	$9,045,359	$8,569,232	+0.1%
Net Income	$1,053,281	$763,145	+0.4%

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

187

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

$156,135

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BISHOP MICHAEL L LORANZO	DIRECTOR	1.00	Director	$0	$0	$0
BARRY JOHNSON	DIRECTOR	1.00	Director	$0	$0	$0
CAROL LUNDGREN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
JOHN KERSEY	TREASURER	1.00	Officer Director	$0	$0	$0
KATHRYN SMITH	DIRECTOR	1.00	Director	$0	$0	$0
MATTHEW BENSON	DIRECTOR	1.00	Director	$0	$0	$0
REV CAROL SHARP	SECRETARY	1.00	Officer Director	$0	$0	$0
BETH JACOBS	DIRECTOR	1.00	Director	$0	$0	$0
CHRISTINE TIGANI	DIRECTOR	1.00	Director	$0	$0	$0
DALE MCLAUGHLIN	CHAIR	1.00	Officer Director	$0	$0	$0
CHARLOTTE FLORAVIT	PRESIDENT/CEO	35.00	Officer	$142,310	$13,825	$156,135

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	No data	No data	No data	No data
2023	$10,098,640	$9,045,359	$10,208,134	$1,053,281
2022	$9,332,377	$8,569,232	$8,748,642	$763,145
2021	$10,193,303	$8,550,110	$8,299,845	$1,643,193
2020	$9,202,863	$8,893,483	$7,674,882	$309,380
2019	$8,223,312	$7,665,219	$5,789,870	$558,093
2018	$8,158,574	$8,773,789	$5,906,234	$-615,215

LUTHERAN HOME AT KANE