LINCOLN HILLS DEVELOPMENT CORPORATION (EIN 351112746) - 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

1965

Legal Domicile

Principal Officer

DAYNE SEIBERT

Phone

8125473435

Tax Period

2024-01-01 to 2024-12-31

LINCOLN HILLS DEVELOPMENT CORPORATION, founded in 1965, is a mid-sized nonprofit in the Human Services sector that reported $10.2M in total revenue in fiscal year 2024. Revenue fell 23% from the prior year — a significant decline worth monitoring. Expenses of $12.8M exceeded revenue, resulting in a 26% operating deficit.

Mission

LHDC IS THE DESIGNATED COMMUNITY ACTION AGENCY FOR CRAWFORD, PERRY, AND SPENCER COUNTIES. LHDC EXISTS TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITIES WE SERVE. IN ADDITION TO CRAWFORD, PERRY, AND SPENCER COUNTIES, LHDC ALSO OFFERS SERVICES IN DUBOIS, GIBSON, HARRISON, LAWRENCE, ORANGE, PIKE, VANDERBURGH, AND WARRICK COUNTIES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $8,705,793

Program Service Revenue $4,710,799

Investment Income $-3,218,719

Other Revenue $26,363

TOTAL REVENUE $10,224,236

Expense Breakdown

Grants Paid $2,112,955

Salaries & Benefits $4,957,830

Fundraising Expenses $35,247

Program Expenses $9,975,745

Other Expenses $5,774,212

TOTAL EXPENSES $12,844,997

Year-over-Year Comparison

	2024	2023	Change
Revenue	$10,224,236	$13,205,925	-0.2%
Expenses	$12,844,997	$12,767,788	+0.0%
Net Income	$-2,620,761	$438,137	-7.0%

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

167

Volunteers

212

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

$252,780

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF HAGEDORN	PRESIDENT	1.00	Officer Director	$0	$0	$0
JILL KAETZEL	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DAYNE SEIBERT	TREASURER	1.00	Officer Director	$0	$0	$0
ROBERT COMPTON	DIRECTOR	1.00	Director	$0	$0	$0
JUDY DAVIS	DIRECTOR	1.00	Director	$0	$0	$0
DARWIN GROVES	DIRECTOR	1.00	Director	$0	$0	$0
LANA HARTZ	DIRECTOR	1.00	Director	$0	$0	$0
EMILY JAMES	DIRECTOR	1.00	Director	$0	$0	$0
ANJAN KASHYAB	DIRECTOR	1.00	Director	$0	$0	$0
DIANE LITKENHUS	DIRECTOR	1.00	Director	$0	$0	$0
CODY RHODES-DAWSON	DIRECTOR	1.00	Director	$0	$0	$0
NICK SILER	DIRECTOR	1.00	Director	$0	$0	$0
PAM THOMPSON	DIRECTOR	1.00	Director	$0	$0	$0
ANTHONY VINSON	DIRECTOR	1.00	Director	$0	$0	$0
BECKY WALTS	DIRECTOR	1.00	Director	$0	$0	$0
JASON WOLF	DIRECTOR	1.00	Director	$0	$0	$0
HELEN LOUISE WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
KEVIN WRIGHT	DIRECTOR	1.00	Director	$0	$0	$0
TIFFANY LAMPERT QUINN	CHIEF EXECUTIVE OFFICER	35.00	Officer	$113,913	$14,545	$128,458
SHANNON SPRINKLE	CHIEF FINANCIAL & HR OFFICER	35.00	Officer	$110,716	$13,606	$124,322

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	$10,224,236	$12,844,997	$8,414,759	$-2,620,761
2023	$13,205,925	$12,767,788	$12,463,984	$438,137
2022	$13,052,580	$12,803,885	$11,970,888	$248,695
2021	$11,662,282	$11,667,400	$12,098,102	$-5,118
2020	$10,570,023	$10,493,437	$13,415,321	$76,586
2019	$11,217,612	$10,770,311	$13,177,230	$447,301
2018	$11,615,762	$11,432,895	$13,492,674	$182,867

LINCOLN HILLS DEVELOPMENT CORPORATION