GRACEWORKS LUTHERAN SERVICES

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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

1926

Legal Domicile

Principal Officer

JUDY A BUDI

Phone

9374366865

Tax Period

2024-01-01 to 2024-12-31

GRACEWORKS LUTHERAN SERVICES, founded in 1926, is a mid-sized nonprofit in the Human Services sector that reported $66.2M in total revenue in fiscal year 2024. Expenses of $63.3M left a modest 4% surplus.

Mission

IN RESPONSE TO JESUS CHRIST, GRACEWORKS LUTHERAN SERVICES HELPS PEOPLE EXPERIENCE DIGNITY AND WHOLENESS IN RELATIONSHIP WITH GOD, FAMILY AND COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $55,500,432 Revenue: $63,715,101

BETHANY LUTHERAN VILLAGE PROVIDED HEALTH AND RESIDENTIAL SERVICES TO MORE THAN 750 OLDER ADULTS WHO LIVE AT BETHANY VILLAGE (BETHANY), A CONTINUING CARE RETIREMENT COMMUNITY THAT INCLUDES A CHRONIC HEALTH CARE AND SKILLED REHABILITATION FACILITY (LINDEN HOUSE), A MEMORY SUPPORT UNIT (COURTYARD PARK), ASSISTED LIVING FACILITIES (CRESCENT CROSSING AND PAVILION) AND INDEPENDENT LIVING RESIDENCES (VISTA PLACE, HOMESTEAD, PARK RIDGE PLACE, COTTAGES, GRAND COTTAGES AND VILLAS), ALL ON 100 ACRES.BETHANY PROVIDED SHORT-TERM, GOAL-ORIENTED THERAPY AND NURSING CARE TO 641 PEOPLE AT THE BETHANY REHABILITATION CENTER.BETHANY PROVIDED OVER $3 MILLION IN UNCOMPENSATED CHARITABLE CARE DURING THE PERIOD. ALL RESIDENTS, REGARDLESS OF ABILITY TO PAY, RECEIVE PRIVATE ROOMS AND HOLISTIC CARE THAT PROVIDES FOR THEIR PHYSICAL, SOCIAL, PSYCHOLOGICAL, EMOTIONAL AND SPIRITUAL NEEDS.BETHANY VILLAGE'S IN-HOUSE NURSING ASSISTANT TRAINING PROGRAM LAUNCHED WITH GREAT SUCCESS: EXCEEDING THE STATE AVERAGE PASSING RATE BY NEARLY 5 PERCENT AND MAINTAINING A 73 PERCENT INITIAL RETENTION RATE FOR THE NEW CERTIFIED NURSING ASSISTANTS. SUPPORTING AND GROWING OUR TEAM MEANS GREATER STABILITY FOR THE SENIORS RELYING ON OUR CARE.VOLUNTEER SERVICES PROVIDED OPPORTUNITIES FOR 445 VOLUNTEERS TO SUPPORT THE NEEDS OF THE PEOPLE WE SERVE THROUGH 25,752 HOURS OF CHARITABLE SERVICES.SINCE 2022, GRACEWORKS' BRIDGES OUTREACH EFFORTS HAVE CONTINUED TO INCREASE AWARENESS, CONVERSATION AND EDUCATION ON ISSUES INCLUDING POVERTY, HOMELESSNESS AND FOOD INSECURITY AROUND OUR COMMUNITY. BY PROVIDING OPPORTUNITIES FOR STAFF TO SERVE OTHERS, WE DEMONSTRATE THE GRACEWORKS VALUES AND CULTURE OF FAITHFUL CARING. IN 2024, 70 EMPLOYEES PROVIDED 250 HOURS OF VOLUNTEER SERVICE TO LOCAL NONPROFITS.

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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 $735,274

Program Service Revenue $63,715,101

Investment Income $1,675,349

Other Revenue $99,219

TOTAL REVENUE $66,224,943

Expense Breakdown

Grants Paid $0

Salaries & Benefits $34,264,883

Fundraising Expenses $239,268

Program Expenses $55,500,432

Other Expenses $29,044,727

TOTAL EXPENSES $63,309,610

Year-over-Year Comparison

	2024	2023	Change
Revenue	$66,224,943	$63,219,996	+0.0%
Expenses	$63,309,610	$61,586,509	+0.0%
Net Income	$2,915,333	$1,633,487	+0.8%

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

1110

Volunteers

152

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

$1,068,066

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MARI E TOWNSEND	BOARD - CHAIR	4.00	Officer Director	$0	$0	$0
MARK R CHILSON	BOARD - VICE CHAIR	3.00	Officer Director	$0	$0	$0
DR ERIC A HIGH	BOARD - SECRETARY	2.00	Officer Director	$0	$0	$0
MARY G ADAMS	DIRECTOR	1.00	Director	$0	$0	$0
ARTHUR A ASTBURY	DIRECTOR (UNTIL 04/24)	1.00	Director	$0	$0	$0
ANN S BAINES	DIRECTOR (AS OF 04/24)	1.00	Director	$0	$0	$0
REV RITA S BAIR	DIRECTOR (AS OF 04/24)	1.00	Director	$0	$0	$0
DR LORA COX-VANCE	DIRECTOR	1.00	Director	$0	$0	$0
DANIEL P DRISKELL	DIRECTOR	1.00	Director	$0	$0	$0
MARK S FEUER	DIRECTOR	1.00	Director	$0	$0	$0
TAWANA S JONES	DIRECTOR	1.00	Director	$0	$0	$0
DIANE M KIMPEL	DIRECTOR (UNTIL 04/24)	1.00	Director	$0	$0	$0
SHAWN M KRUMM	DIRECTOR (UNTIL 04/24)	1.00	Director	$0	$0	$0
EUGENE H LONG	DIRECTOR	1.00	Director	$0	$0	$0
REV JOHN T MITTERMAIER	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN S NELS	DIRECTOR	1.00	Director	$0	$0	$0
THOMAS R PETROVIC	DIRECTOR	1.00	Director	$0	$0	$0
TERESA A QUICK	DIRECTOR	1.00	Director	$0	$0	$0
ROLAND W RAPP	DIRECTOR (UNTIL 04/24)	1.00	Director	$0	$0	$0
MOSE J RICHARDSON JR	DIRECTOR	1.00	Director	$0	$0	$0
STEVEN R SUTERMEISTER	DIRECTOR	1.00	Director	$0	$0	$0
JUDY A BUDI	PRESIDENT & CEO	26.00	Officer	$389,483	$35,993	$425,476
ROBERT A REICHARD	VP, FINANCE	26.00	Officer	$201,268	$19,145	$220,413
JACKIE A D'AURORA	VP, MARKETING & PUBLIC RELATIONS	34.00	Officer	$182,328	$28,931	$211,259
DAWN L BARHORST	VP, HUMAN RESOURCES	28.00	Officer	$192,580	$18,338	$210,918
LAUREN E COYLE	ADMINISTRATOR	40.00	Highest	$171,016	$36,043	$207,059
NANCY J TURNER	MANAGER, TIS	30.00	Highest	$126,368	$26,748	$153,116
WILLIAM EGER	DIRECTOR, TIS	30.00	Highest	$171,731	$7,763	$179,494
BRETT H WILLIAMSON	DIRECTOR, FINANCIAL ANALYSIS	35.00	Highest	$121,283	$14,572	$135,855
JEAN B MIVUMBI	RCT	40.00	Highest	$132,899	$159	$133,058

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	$66,224,943	$63,309,610	$151,281,030	$2,915,333
2023	$63,219,996	$61,586,509	$147,769,750	$1,633,487
2022	$57,318,116	$59,265,810	$141,040,927	$-1,947,694
2021	$59,310,713	$56,903,611	$148,547,516	$2,407,102
2020	$55,044,777	$55,028,138	$150,507,862	$16,639
2019	$49,115,623	$52,179,584	$148,174,053	$-3,063,961
2018	$45,125,414	$47,160,856	$146,301,227	$-2,035,442