Lutheran Home - Forsyth County Inc (EIN 263328029) - 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

Phone

7046372870

Tax Period

2023-10-01 to 2024-09-30

Lutheran Home - Forsyth County Inc, founded in 2008, is a mid-sized nonprofit that reported $13.2M in total revenue in fiscal year 2023. Revenue grew 18% year-over-year, indicating healthy expansion. Expenses of $12.7M left a modest 4% surplus.

Mission

Empowered by Christ, we walk together with all we serve.

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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 $4,516

Program Service Revenue $13,101,766

Investment Income $52,613

Other Revenue $14,053

TOTAL REVENUE $13,172,948

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,736,269

Fundraising Expenses $0

Program Expenses $11,424,957

Other Expenses $5,969,795

TOTAL EXPENSES $12,706,064

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,172,948	$11,129,058	+0.2%
Expenses	$12,706,064	$10,268,577	+0.2%
Net Income	$466,884	$860,481	-0.5%

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

288

Volunteers

N/A

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

$825,640

Total Directors

$429,211

Key Employees

$295,440

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ted Goins	President/CEO	1.0	Officer Director	$0	$13,158	$429,211
Cary M Grant	Vice Chair	1.0	Director	$0	$0	$0
Gregory Hudgins	Chair	1.0	Director	$0	$0	$0
Karen Maddry	Secretary	1.0	Officer	$0	$10,047	$94,526
Kirby Nickerson	Chief Financial Officer	1.0	Officer	$0	$15,848	$301,903
Kesha Smith	Chief Operating Officer	1.0	Key Emp	$0	$14,715	$295,440
Cynthia D McCoy	Administrator	40.0	Highest	$175,074	$10,106	$185,180
LESTER TOM QUISIDO PALICTE	LPN	40.0	Highest	$109,451	$8,487	$117,938
Saadia Bahri	LPN	40.0	Highest	$114,177	$7,896	$122,073
Tonya Hilliard	Administrator	40.0	Highest	$117,835	$2,765	$120,600

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	$13,172,948	$12,706,064	$6,959,012	$466,884
2023	$11,129,058	$10,268,577	$6,737,394	$860,481
2022	$12,656,051	$10,009,714	$5,970,253	$2,646,337
2021	$11,789,990	$10,076,580	$3,585,984	$1,713,410
2020	$10,120,228	$9,951,426	$2,441,680	$168,802
2019	$9,929,116	$9,741,220	$2,654,745	$187,896
2018	$9,590,850	$9,572,242	$2,675,403	$18,608

Lutheran Home - Forsyth County Inc