LUTHERAN DEVELOPMENT CORPORATION A… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

WILLIAM R MARSHALL

Phone

4198614990

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN DEVELOPMENT CORPORATION AT NAPOLEON OHIO INC, founded in 1989, is a micro nonprofit in the Housing & Shelter sector that reported $61K in total revenue in fiscal year 2023. Revenue fell 30% from the prior year — a significant decline worth monitoring. Expenses of $163K exceeded revenue, resulting in a 168% operating deficit.

Mission

PROVIDING HOUSING UNITS, MANAGEMENT AND DEVELOPMENT SERVICES, AND OVERSEES 27 INDEPENDENT LIVING UNITS FOR THE ELDERLY ON THE NAPOLEON, OHIO CAMPUS.

Program Service Accomplishments

Program 1

Expenses: $145,260 Revenue: $61,154

PROVIDING HOUSING UNITS, MANAGEMENT AND DEVELOPMENT SERVICES, AND OVERSEES 27 INDEPENDENT LIVING UNITS FOR THE ELDERLY ON THE NAPOLEON, OHIO CAMPUS PER OUR MISSION STATEMENT AS FOLLOWS: INSPIRED BY THE CHRISTIAN FAITH, WE EMBRACE INDIVIDUALS AND FAMILIES WITH COMPASSIONATE CARE AND SERVICES THROUGHOUT LIFE'S JOURNEY.

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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 $0

Program Service Revenue $61,154

Investment Income $-266

Other Revenue $0

TOTAL REVENUE $60,888

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $145,260

Other Expenses $163,089

TOTAL EXPENSES $163,089

Year-over-Year Comparison

	2023	2022	Change
Revenue	$60,888	$86,502	-0.3%
Expenses	$163,089	$162,579	+0.0%
Net Income	$-102,201	$-76,077	+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

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

$767,595

Total Directors

$462,213

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R MARSHALL	PRESIDENT/CE	1.00	Officer Director	$0	$62,368	$462,213
LORINDA SCHALK	TREASURER/CF	1.00	Officer	$0	$39,973	$305,382
STEVE BAUERLE	DIRECTOR	0.25	Director	$0	$0	$0
STEVE BOWE	DIRECTOR	0.25	Director	$0	$0	$0
MARIA COOK	DIRECTOR	0.25	Director	$0	$0	$0
JEFF DEMPSEY	DIRECTOR	0.25	Director	$0	$0	$0
ANN MARSHALL	DIRECTOR	0.25	Director	$0	$0	$0
KEVIN RAHE	DIRECTOR	0.03	Director	$0	$0	$0
JONATHON RUSCHE	DIRECTOR	0.25	Director	$0	$0	$0
PAUL SIEBEN	VICE-CHAIR	0.25	Officer Director	$0	$0	$0
MARK SNYDER	DIRECTOR	0.25	Director	$0	$0	$0
MELISSA WARNER	SECRETARY	0.25	Officer Director	$0	$0	$0
LEE WUNSCHEL	CHAIR	0.25	Officer Director	$0	$0	$0

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	$60,888	$163,089	$1,292,809	$-102,201
2022	$86,502	$162,579	$1,326,308	$-76,077
2021	$102,247	$162,340	$1,370,779	$-60,093
2020	$116,655	$198,901	$1,386,723	$-82,246
2019	$115,960	$160,151	$1,437,973	$-44,191
2018	$113,721	$158,927	$1,459,577	$-45,206

LUTHERAN DEVELOPMENT CORPORATION AT NAPOLEON OHIO INC