LUTHERAN HOME (EIN 340742692) - 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

1932

Legal Domicile

Principal Officer

SCOTT MCQUINN

Phone

4408710090

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN HOME, founded in 1932, is a mid-sized nonprofit in the Religion sector that reported $16.4M in total revenue in fiscal year 2023. Revenue surged 23% from the prior year, signaling strong growth momentum. Expenses of $19.1M exceeded revenue, resulting in a 16% operating deficit.

Mission

THE PURPOSE OF LUTHERAN HOME IS TO CREATE AND MAINTAIN A CHRISTIAN COMMUNITY WHERE OLDER ADULTS CAN JOIN WITH ADMINISTRATION AND STAFF TO LIVE AS AN EXTENDED FAMILY AND BE ENCOURAGED TO LIVE AT THE HIGHEST POSSIBLE LEVEL OF INDEPENDENCE, AND IN KEEPING WITH THE PRINCIPLES ESTABLISHED BY THE UNITED METHODIST AND LUTHERAN CHURCHES, TO PROVIDE OLDER ADULTS WITH ACCOMMODATIONS DESIGNED TO MEET THEIR PHYSICAL, SPIRITUAL, VOCATIONAL, SOCIAL, EMOTIONAL AND INTELLECTUAL NEEDS.

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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 $2,849,864

Program Service Revenue $13,551,519

Investment Income $1

Other Revenue $24,609

TOTAL REVENUE $16,425,993

Expense Breakdown

Grants Paid $622,731

Salaries & Benefits $8,193,734

Fundraising Expenses $0

Program Expenses $17,843,167

Other Expenses $10,295,282

TOTAL EXPENSES $19,111,747

Year-over-Year Comparison

	2023	2022	Change
Revenue	$16,425,993	$13,317,362	+0.2%
Expenses	$19,111,747	$19,158,704	0.0%
Net Income	$-2,685,754	$-5,841,342	-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

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

$2,494,155

Total Directors

$1,777,450

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT MCQUINN	CEO/ PRESIDENT	1.00	Officer Director	$0	$414,381	$1,028,545
JAMES BOWERSOX	COO/ SECRETARY	1.00	Officer Director	$0	$301,144	$748,905
LARRY BRUESHABER	TRUSTEE	1.00	Director	$0	$0	$0
ROBERT IZO	TRUSTEE	1.00	Director	$0	$0	$0
THOMAS KHALE	CHAIRPERSON	1.00	Director	$0	$0	$0
KEVIN MCDONNELL	CFO/ TREASURER	1.00	Officer	$0	$185,604	$460,963
CHRISTOPHER KLAWITTER	EXECUTIVE DIRECTOR	19.00	Officer	$0	$47,182	$205,042
JAMES MAYER	EXECUTIVE DIRECTOR - PART YEAR	15.00	Officer	$0	$0	$50,700

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	$16,425,993	$19,111,747	$20,468,658	$-2,685,754
2022	$13,317,362	$19,158,704	$19,021,721	$-5,841,342
2021	$14,990,939	$19,544,180	$17,550,739	$-4,553,241
2020	$5,672,824	$5,892,289	$22,833,840	$-219,465

LUTHERAN HOME