LUTHERAN HOMES OF MICHIGAN FOUNDATION (EIN 261630687) - 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

2008

Legal Domicile

Principal Officer

DAVID M GEHM

Phone

9896523470

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN HOMES OF MICHIGAN FOUNDATION, founded in 2008, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 49% from the prior year, signaling strong growth momentum. The organization ran a surplus of $1.1M, a strong 90% operating margin.

Mission

MOTIVATED BY CHRIST'S LOVE, WE ENGAGE PEOPLE AS THEY EXPERIENCE AND EMBRACE THEIR GOD-GIVEN POTENTIAL.

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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 $1,057,486

Program Service Revenue $0

Investment Income $111,075

Other Revenue $5,236

TOTAL REVENUE $1,173,797

Expense Breakdown

Grants Paid $59,416

Salaries & Benefits $6,323

Fundraising Expenses $0

Program Expenses $65,739

Other Expenses $49,879

TOTAL EXPENSES $115,618

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,173,797	$787,627	+0.5%
Expenses	$115,618	$3,197,034	-1.0%
Net Income	$1,058,179	$-2,409,407	-1.4%

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

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

$956,323

Total Directors

$249,665

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID M GEHM	PRESIDENT & CEO	0.67	Officer Director	$0	$9,685	$249,665
RITCH CUSHWAY	CHAIRMAN	0.20	Officer Director	$0	$0	$0
PETE BENDER	TREASURER/SECRETARY	0.20	Officer Director	$0	$0	$0
KAREN STORCK	DIRECTOR	0.20	Director	$0	$0	$0
PAUL NYQUIST	DIRECTOR	0.20	Director	$0	$0	$0
CARL SCHOENOW	DIRECTOR	0.20	Director	$0	$0	$0
AMY BENKO	DIRECTOR	0.20	Director	$0	$0	$0
INGRID DRAPER	DIRECTOR	1.00	Director	$0	$0	$0
TOM FOCKLER	DIRECTOR	1.00	Director	$0	$0	$0
AL NUECHTERLEIN	DIRECTOR	1.00	Director	$0	$0	$0
MATT RESCH	DIRECTOR	1.00	Director	$0	$0	$0
MAUREEN TIPPEN	DIRECTOR	1.00	Director	$0	$0	$0
PHIL TRAPP	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA LOGAN	DIRECTOR	1.00	Director	$0	$0	$0
TIMOTHY KALBFLEISCH	SR. VP FINANCE AND CFO	0.25	Officer	$0	$3,707	$226,562
ALBERT D KAUL	VP OF FOUNDATION, CDO	0.08	Officer	$0	$6,978	$123,938
ERIC R MUSUM	VP, CTO	0.08	Officer	$0	$8,963	$171,444
JILL HAISER	VP OF MARKETING, CMO	27.50	Officer	$0	$8,139	$184,714

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	$1,173,797	$115,618	$11,008,377	$1,058,179
2022	$787,627	$3,197,034	$9,343,348	$-2,409,407
2021	$2,826,886	$410,239	$12,862,481	$2,416,647
2020	$4,152,818	$313,107	$10,289,287	$3,839,711
2019	$895,583	$780,583	$6,287,042	$115,000
2018	$877,068	$479,694	$5,432,330	$397,374

LUTHERAN HOMES OF MICHIGAN FOUNDATION