LUTHERAN SOCIAL SERVICES FOUNDATION OF UPSTATE NEW YORK INC

EIN: 311598005 501(c)(3) Philanthropy & Grantmaking

JAMESTOWN, NY

Total Revenue
$2,429,179
Total Expenses
$1,812,464
Total Assets
$20,361,505
Net Assets
$20,361,244
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
NY
Principal Officer
JASON BECKWITH
Phone
7166654905
Tax Period
2024-01-01 to 2024-12-31

LUTHERAN SOCIAL SERVICES FOUNDATION OF UPSTATE NEW YORK INC, founded in 1996, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $2.4M in total revenue in fiscal year 2024. Revenue surged 56% from the prior year, signaling strong growth momentum. The organization ran a surplus of $617K, a strong 25% operating margin.

Mission

TO SUPPORT THE CHARITABLE PURPOSES OF LUTHERAN SOCIAL SERVICES GROUP, INC. AND ITS AFFILIATED CORPORATIONS, ALL OF WHICH ARE 501(C)(3) ORGANIZATIONS.

Program Service Accomplishments

Program 1
Expenses: $1,716,967 Revenue: $2,429,179

GRANTS USED FOR SUPPORT, RENOVATION, AND EXPANSION OF LUTHERAN SOCIAL SERVICES GROUP, INC. AND ITS AFFILIATED ORGANIZATIONS, AS FURTHER DISCLOSED ON SCHEDULE I.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $822,986
Program Service Revenue $0
Investment Income $1,606,193
Other Revenue $0
TOTAL REVENUE $2,429,179

Expense Breakdown

Grants Paid $1,706,000
Salaries & Benefits $77,891
Fundraising Expenses $806
Program Expenses $1,716,967
Other Expenses $28,573
TOTAL EXPENSES $1,812,464

Year-over-Year Comparison

2024 2023 Change
Revenue $2,429,179 $1,555,952 +0.6%
Expenses $1,812,464 $3,096,905 -0.4%
Net Income $616,715 $-1,540,953 -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

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Governance

Voting Members
6
Independent Members
6
Employees
N/A
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
3
$787,961
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAROLD BRUNACINI CHAIR 0.50
Officer Director
$0 $0 $0
JOHN GRIFFITH DIRECTOR 0.50
Director
$0 $0 $0
CYNTHIA LIND HANSON DIRECTOR 0.50
Director
$0 $0 $0
MATTHEW MOORE DIRECTOR 0.50
Director
$0 $0 $0
TERRY HAVENS-TURNER DIRECTOR 0.50
Director
$0 $0 $0
JOEL GADEN DIRECTOR 0.50
Director
$0 $0 $0
THOMAS E HOLT PRESIDENT/CEO 4.00
Officer
$0 $69,008 $466,874
JASON BECKWITH CFO 2.00
Officer
$0 $14,032 $321,087
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 $2,429,179 $1,812,464 $20,361,505 $616,715
2023 $1,555,952 $3,096,905 $19,180,174 $-1,540,953
2022 $1,910,683 $1,559,445 $18,798,032 $351,238
2021 $3,778,827 $718,309 $22,346,687 $3,060,518
2020 $1,277,434 $1,055,589 $19,129,227 $221,845
2019 $1,697,965 $1,217,276 $17,285,652 $480,689
2018 $2,381,020 $1,060,158 $15,302,639 $1,320,862
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