LUTHERAN HOMES SOCIETY INC (EIN 311565719) - 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

1997

Legal Domicile

Principal Officer

WILLIAM R MARSHALL

Phone

4198614990

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN HOMES SOCIETY INC, founded in 1997, is a mid-sized nonprofit in the Human Services sector that reported $35.7M in total revenue in fiscal year 2024.

Mission

LUTHERAN HOMES SOCIETY, INC. IS A NOT-FOR-PROFIT CORPORATION THAT PROVIDES RESIDENTIAL CARE AND SUPPORTIVE SERVICES FOR YOUTH AND ELDERLY IN NORTHWESTERN OHIO AND SOUTHEASTERN MICHIGAN. AS A FAITH-BASED PROVIDER OF SUCH SERVICES, LUTHERAN HOMES SOCIETY CONTINUES TO HONOR ITS MISSION TO EXTEND ITS SERVICES TO THE VULNERABLE OF OUR POPULATION. OUR MISSION STATEMENT: INSPIRED BY THE CHRISTIAN FAITH, WE EMBRACE INDIVIDUALS AND FAMILIES WITH COMPASSIONATE CARE AND SERVICES THROUGHOUT LIFE'S JOURNEY. YOUTH ARE SERVED THROUGH COMMUNITY-BASED RESIDENTIAL TREATMENT GROUP HOMES, SUPPORTIVE SERVICES FOR YOUTH AND THEIR FAMILIES, AND AN ASPERGER'S PROGRAM CONSISTING OF BOTH RESIDENTIAL AND DAY TREATMENT PROGRAMS. THE ELDERLY ARE SERVED IN INDEPENDENT LIVING, ASSISTED LIVING, AND EXTENDED CARE RESIDENTIAL SETTINGS. LUTHERAN HOMES SOCIETY ALSO SERVES THE COMMUNITY THROUGH SERVICE COORDINATION, WHICH ASSISTS THE ELDERLY IN ACCESSING NEEDED SERVICES, THEREBY ENABLING THEM TO CONTINUE LIVING IN INDEPEN

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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 $783,939

Program Service Revenue $33,139,585

Investment Income $68,510

Other Revenue $1,748,090

TOTAL REVENUE $35,740,124

Expense Breakdown

Grants Paid $260,940

Salaries & Benefits $21,103,158

Fundraising Expenses $269,386

Program Expenses $27,094,378

Other Expenses $14,599,698

TOTAL EXPENSES $35,963,796

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,740,124	$34,847,341	+0.0%
Expenses	$35,963,796	$34,065,862	+0.1%
Net Income	$-223,672	$781,479	-1.3%

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

569

Volunteers

165

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

$712,186

Total Directors

Key Employees

$403,933

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R MARSHALL	PRESIDENT/CE	38.00	Officer	$366,941	$54,426	$421,367
LORINDA SCHALK	TREASURER/CF	38.00	Officer	$241,677	$49,142	$290,819
AMANDA SCHROEDER	VP-HOME & CO	16.00	Key Emp	$200,024	$34,562	$234,586
STEPHEN BOWSHER	SR. DIR. ACC	30.00	Highest	$143,492	$34,563	$178,055
CATHERINE ZAWISZA	EXECUTIVE DI	40.00	Key Emp	$151,957	$17,390	$169,347
NICHOLE MILES	DIR OF REVEN	40.00	Highest	$142,154	$17,645	$159,799
JOHN HENRY	DIR. OF FACI	40.00	Highest	$132,569	$26,450	$159,019
MICHAEL GEORGE	EXECUTIVE DI	40.00	Highest	$120,200	$26,588	$146,788
JANET GEKONDE	NURSE	40.00	Highest	$138,823	$0	$138,823
STEVE BAUERLE	DIRECTOR	0.25	Director	$0	$0	$0
STEPHEN 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	0.25	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	$35,740,124	$35,963,796	$41,717,715	$-223,672
2023	$34,847,341	$34,065,862	$43,091,242	$781,479
2022	$44,964,844	$40,047,149	$41,775,754	$4,917,695
2021	$54,580,656	$51,267,610	$40,056,838	$3,313,046
2020	$48,864,689	$50,157,218	$46,723,477	$-1,292,529
2019	$48,358,540	$49,739,864	$48,277,323	$-1,381,324
2018	$47,911,548	$49,190,059	$49,950,796	$-1,278,511

LUTHERAN HOMES SOCIETY INC