LHS FOUNDATION INC (EIN 341678593) - 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

1991

Legal Domicile

Principal Officer

WILLIAM R MARSHALL

Phone

4198614990

Tax Period

2023-01-01 to 2023-12-31

LHS FOUNDATION INC, founded in 1991, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $1.2M in total revenue in fiscal year 2023. Revenue surged 111% from the prior year, signaling strong growth momentum. The organization ran a surplus of $301K, a strong 25% operating margin.

Mission

THE PRIMARY EXEMPT PURPOSE OF LHS FOUNDATION IS TO PROVIDE FINANCIAL SUPPORT FOR THE CHARITABLE ACTIVITIES OF LUTHERAN HOMES SOCIETY, INC. AND ALL ITS SUBSIDIARIES. THE LHS FOUNDATION SOLICITS, RECEIVES AND INVESTS GIFTS OF MONEY AND PROPERTY AND ADMINISTERS AND DISBURSES THE SAME AND INCREMENTS THEREON FOR SUCH EXCLUSIVELY CHARITABLE USES. LUTHERAN HOMES SOCIETY, INC., THE PARENT CORPORATION OF LHS FOUNDATION, PROMOTES AND FACILITATES THE CHARITABLE, RELIGIOIUS, EDUCATIONAL, AND SCIENTIFIC PURPOSES FOR WHICH IT HAS RECEIVED TAX EXEMPTION, BY PROVIDING LHS FOUNDATION WITH BENEFITS AND SERVICES TO SUPPORT LHS FOUNDATION, INCLUDING BUT NOT LIMITED TO: PROVIDING EXECUTIVE MANAGEMENT IN TERMS OF SUPERVISION, STRATEGIC PLANNING, POLICY FORMULATION, AND ADVOCACY; ENGAGING IN ACTIVITIES INTENDED TO ASSIST LHS FOUNDATION DIRECTLY OR INDIRECTLY IN PROMOTING THE GENERAL HEALTH AND WELFARE OF COMMUNITIES IN WHICH IT OPERATES; PROMOTING MORE EFFICIENT UTILIZATION OF RESOURCES THROUGH THE EXERCISE

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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 $451,196

Program Service Revenue $0

Investment Income $764,354

Other Revenue $0

TOTAL REVENUE $1,215,550

Expense Breakdown

Grants Paid $324,284

Salaries & Benefits $0

Fundraising Expenses $69

Program Expenses $324,284

Other Expenses $590,047

TOTAL EXPENSES $914,331

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,215,550	$576,427	+1.1%
Expenses	$914,331	$4,770,453	-0.8%
Net Income	$301,219	$-4,194,026	-1.1%

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

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM R MARSHALL	ASST. SEC. /	1.00	Officer	$0	$62,368	$462,213
LORINDA SCHALK	TREASURER	1.00	Officer	$0	$39,973	$305,382
JUDY ASHLEY	DIRECTOR	N/A	Director	$0	$0	$0
JAMES BINGLE	VICE PRESIDE	N/A	Officer Director	$0	$0	$0
BETH CHARVAT	DIRECTOR	N/A	Director	$0	$0	$0
MARISSA FITZPATRICK	SECRETARY	N/A	Officer Director	$0	$0	$0
ARLENE GERIG	DIRECTOR	N/A	Director	$0	$0	$0
PAULA HICKS-HUDSON	DIRECTOR	N/A	Director	$0	$0	$0
REBECCA JAESSING	DIRECTOR	N/A	Director	$0	$0	$0
IAN MALHOIT	DIRECTOR	N/A	Director	$0	$0	$0
KATRIN MCBROOM	PRESIDENT	N/A	Officer Director	$0	$0	$0
REV DR TIM PHILABAUM	DIRECTOR	N/A	Director	$0	$0	$0
STEPHANIE SIEBEN	DIRECTOR	N/A	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	$1,215,550	$914,331	$19,446,867	$301,219
2022	$576,427	$4,770,453	$17,321,739	$-4,194,026
2021	$2,151,158	$5,721,134	$25,095,539	$-3,569,976
2020	$1,416,443	$848,203	$26,783,714	$568,240
2019	$1,130,428	$752,971	$23,978,977	$377,457
2018	$1,313,120	$779,430	$20,980,565	$533,690

LHS FOUNDATION INC