TOLEDO, OH
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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
LHS FOUNDATION IS A NOT-FOR PROFIT ORGANIZATION THAT FAITHFULLY GATHERS, PROTECTS, INVESTS, AND DISBURSES THE GIFTS GOD'S PEOPLE SHARE WITH THE CARING MINISTRIES OF LUTHERAN HOMES SOCIETY AS THEY...
LHS FOUNDATION IS A NOT-FOR PROFIT ORGANIZATION THAT FAITHFULLY GATHERS, PROTECTS, INVESTS, AND DISBURSES THE GIFTS GOD'S PEOPLE SHARE WITH THE CARING MINISTRIES OF LUTHERAN HOMES SOCIETY AS THEY PROVIDE RESIDENTIAL CARE AND SUPPORTIVE SERVICES FOR YOUTH AND ELDERLY. AS A FAITH-BASED PROVIDER OF SUCH SERVICE, LHS FOUNDATION CONTINUES TO HONOR ITS MISSION TO EXTEND ITS SERVICES TO THE VULNERABLE OF OUR POPULATION, SPECIFICALLY YOUTH AND ELDERLY. WE DEMONSTRATE BEHAVIORS REFLECTING OUR CORE VALUES OF FAITHFULNESS TO CHRIST, EQUALITY AND JUSTICE, WHOLENESS OF LIFE, INTEGRITY, QUALITY OF SERVICE, AND STEWARDSHIP OF RESOURCES. (SEE SCHEDULE O FOR ADDITIONAL INFO) LHS FOUNDATION OVERVIEW: LHS FOUNDATION PROVIDES THE FUND RAISING MECHANISM FOR THE MINISTRIES OF LUTHERAN HOMES SOCIETY TO SERVE YOUTH AND ELDERLY IN NORTHWESTERN OHIO AND SOUTHEASTERN MICHIGAN IN VARIOUS SETTINGS. IN 2022, THE ACTIVE DONOR LIST WAS 389 DONORS. THE DONATIONS PROVIDED BY THESE DONORS HELPED TO SUPPORT OUR MINISTRIES TO YOUTH AND ELDERS. LHS FOUNDATION, AS PART OF THE MINISTRY OF LUTHERAN HOMES SOCIETY, HAS ALWAYS BEEN AN EXEMPLARY PROVIDER OF SUPPORT TO OUR MINISTRIES AS THEY OFFER COMPASSIONATE, QUALITY CARE TO THOSE WE SERVE, BUT WE ARE ALSO COMMITTED TO IMPROVING AND CONTRIBUTING TO THE COMMUNITIES IN WHICH WE LIVE AND WORK. IN ADDITION TO THE RESIDENTS AND CLIENTS SERVED DIRECTLY, A WIDE VARIETY OF BROAD COMMUNITY SUPPORT ACTIVITIES CONTRIBUTE TO THE ACCOMPLISHMENT OF LHS FOUNDATION'S TAX-EXEMPT PURPOSE.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| 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 |
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