LUTHERAN METROPOLITAN MINISTRY

EIN: 341043756 501(c)(3) Religion

Cleveland, OH

Total Revenue
$14,018,692
Total Expenses
$11,775,263
Total Assets
$21,255,573
Net Assets
$18,104,700
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Financial Trends

Organization Details

Formation Year
1969
Legal Domicile
OH
Principal Officer
Maria Foschia
Phone
2166584638
Tax Period
2023-01-01 to 2023-12-31

LUTHERAN METROPOLITAN MINISTRY, founded in 1969, is a mid-sized nonprofit in the Religion sector that reported $14.0M in total revenue in fiscal year 2023. The organization ran a surplus of $2.2M, a strong 16% operating margin.

Mission

Lutheran Metropolitan Ministry (LMM) serves with people who are oppressed, forgotten and hurting. LMM has four areas of service, Housing and Shelter, Youth Resiliency Services Guardianship Services and Workforce Development. At LMM we believe in second chances, we promote peace and well-being, we serve with our hurting and forgotten neighbors in need, and we stand for hope, justice and human dignity. 100% of the LMM Board of Directors contribute financial resources to the organization.

Program Service Accomplishments

Program 1
Expenses: $5,696,261 Revenue: $5,696,261

Housing & Shelter - The goal of LMM's H&S shelter work is that people experiencing homelessness are provided safe and secure emergency shelter alongside efficient and appropriate pathways to positive...

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Housing & Shelter - The goal of LMM's H&S shelter work is that people experiencing homelessness are provided safe and secure emergency shelter alongside efficient and appropriate pathways to positive housing. Through high quality shelter services, collaboration , and client respect, LMM shelter programs will fulfill the agency's missional purpose of empowering, valuing, and healing people in crisis. In 2023 2,594 persons were served, with 541reported positive housing outcomes, and 224 residents obtained employment.

Program 2
Expenses: $1,509,414 Revenue: $1,509,414

Youth Resiliency Services, - 106 youth were provided shelter with an average length of stay of 21 day for youth in shelter care and 137 for youth in the Independent Living program. .

Program 3
Expenses: $1,090,048 Revenue: $1,090,048

Guardianship Services - There were 115 new guardianships in 2023.Along with our volunteers,22,159 hours of guardianship were provided. 7,000 hours of medical decisions were made on behalf of the...

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Guardianship Services - There were 115 new guardianships in 2023.Along with our volunteers,22,159 hours of guardianship were provided. 7,000 hours of medical decisions were made on behalf of the Wards in our care. LMM provides guardianship of person for those who have been deemed incompetent by a court and have no suitable family to help them.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $12,471,495
Program Service Revenue $999,248
Investment Income $547,949
Other Revenue $0
TOTAL REVENUE $14,018,692

Expense Breakdown

Grants Paid $0
Salaries & Benefits $7,322,620
Fundraising Expenses $473,826
Program Expenses $10,390,742
Other Expenses $4,452,643
TOTAL EXPENSES $11,775,263

Year-over-Year Comparison

2023 2022 Change
Revenue $14,018,692 $13,414,429 +0.0%
Expenses $11,775,263 $12,391,700 0.0%
Net Income $2,243,429 $1,022,729 +1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
189
Volunteers
1242

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
$0
Total Directors
21
$0
Key Employees
3
$422,931
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Maria Foschia President and CEO 55
Key Emp Highest
$175,000 $0 $175,000
Sue Cyncynatus CFO 45
Key Emp
$137,113 $0 $137,113
Michael Sering VP Housing and Shelter 45
Key Emp
$110,818 $0 $110,818
Ryan Wallace Director 0
Director
$0 $0 $0
Kristopher Nunn Director 2.0
Director
$0 $0 $0
Beth Sersig Director 2
Director
$0 $0 $0
John Ringenbach Director 2
Director
$0 $0 $0
Doug Heuer Secretary 3
Officer Director
$0 $0 $0
Linda Jungeburg Director 1
Director
$0 $0 $0
Diane Stack Board Chair 3
Officer Director
$0 $0 $0
Nicole Braden-Lewis Director 1
Director
$0 $0 $0
Deb Yandala Director 2
Director
$0 $0 $0
Mike Emch Director 2
Director
$0 $0 $0
Grayson Sieg Director 2
Director
$0 $0 $0
Yvonne Sims Director 1
Director
$0 $0 $0
Michael Dearden Director 1
Director
$0 $0 $0
Angela Freeman-Riley Director 1
Director
$0 $0 $0
Brittany Watkins Director 1
Director
$0 $0 $0
Elizabeth Pretlav Vice Chair 3
Director
$0 $0 $0
Brent Horvath Treasurer 3
Director
$0 $0 $0
Reza Khoramshahi Director 1
Director
$0 $0 $0
Alonda Bush Director 1
Director
$0 $0 $0
Charlie Woodward Director 1
Director
$0 $0 $0
Nicole Braden Lewis Director 1
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 $14,018,692 $11,775,263 $21,255,573 $2,243,429
2022 $13,414,429 $12,391,700 $19,214,691 $1,022,729
2021 $17,759,604 $16,477,660 $18,738,675 $1,281,944
2020 $16,864,775 $15,205,835 $17,612,023 $1,658,940
2019 $9,493,586 $9,396,288 $14,830,114 $97,298
2018 $11,153,996 $10,005,989 $13,685,523 $1,148,007
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