LUTHERAN HOMES INC

EIN: 350885590 501(c)(3) Human Services

FORT WAYNE, IN

Total Revenue
$53,241,379
Total Expenses
$43,824,048
Total Assets
$86,511,368
Net Assets
$31,869,003
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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
1926
Legal Domicile
IN
Phone
2604470800
Tax Period
2023-01-01 to 2023-12-31

LUTHERAN HOMES INC, founded in 1926, is a mid-sized nonprofit in the Human Services sector that reported $53.2M in total revenue in fiscal year 2023. Revenue surged 36% from the prior year, signaling strong growth momentum. The organization ran a surplus of $9.4M, a strong 18% operating margin.

Mission

AS AN EXPRESSION OF CHRIST'S LOVE, WE SERVE INDIVIDUALS AND THEIR CAREGIVERS WITH COMPASSION AND RESPECT FOR INDEPENDENCE, WELLNESS, AND SPIRITUAL LIFE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $9,816,389
Program Service Revenue $42,717,106
Investment Income $694,088
Other Revenue $13,796
TOTAL REVENUE $53,241,379

Expense Breakdown

Grants Paid $0
Salaries & Benefits $27,366,207
Fundraising Expenses $227,625
Program Expenses $38,870,815
Other Expenses $16,455,651
TOTAL EXPENSES $43,824,048

Year-over-Year Comparison

2023 2022 Change
Revenue $53,241,379 $39,194,457 +0.4%
Expenses $43,824,048 $39,505,005 +0.1%
Net Income $9,417,331 $-310,548 -31.3%
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
15
Independent Members
15
Employees
877
Volunteers
145

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
6
$460,594
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
N/A SECRETARY 2.0
Officer Director
$0 $0 $0
N/A TREASURER 2.0
Officer Director
$0 $0 $0
N/A VICE CHAIR 2.0
Officer Director
$0 $0 $0
N/A CHAIR 2.0
Officer Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A BOARD MEMBER 2.0
Director
$0 $0 $0
N/A PRESIDENT & CEO 50.0
Officer
$250,602 $19,081 $269,683
N/A CHIEF FINANCIAL OFFICER 50.0
Officer
$182,668 $8,243 $190,911
N/A NURSE 71.0
Highest
$146,862 $7,343 $154,205
N/A NURSE 64.0
Highest
$148,649 $10,946 $159,595
N/A ADMINISTRATOR 50.0
Highest
$134,804 $8,073 $142,877
N/A ADMINISTRATOR 50.0
Highest
$129,680 $9,575 $139,255
N/A CHIEF OPERATIONS OFFICER 50.0
Highest
$171,950 $7,163 $179,113
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 $53,241,379 $43,824,048 $86,511,368 $9,417,331
2022 $39,194,457 $39,505,005 $60,349,482 $-310,548
2021 $41,686,678 $37,497,444 $61,061,293 $4,189,234
2020 $39,157,951 $37,304,373 $58,928,684 $1,853,578
2020 $39,157,951 $37,304,373 $58,928,684 $1,853,578
2019 $35,671,153 $34,153,793 $45,681,379 $1,517,360
2019 $35,671,153 $34,153,793 $45,681,379 $1,517,360
2018 $9,933,481 $9,726,893 $36,050,673 $206,588
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