FOUNDATION FOR LUTHERAN CHILD AND FAMILY SERVICES OF INDIANA INC (EIN 351784910) - 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

1989

Legal Domicile

Principal Officer

ROBERT KASSING

Phone

3173595467

Tax Period

2023-01-01 to 2023-12-31

FOUNDATION FOR LUTHERAN CHILD AND FAMILY SERVICES OF INDIANA INC, founded in 1989, is a community nonprofit in the Human Services sector that reported $5.8M in total revenue in fiscal year 2023. The organization ran a surplus of $2.4M, a strong 41% operating margin.

Mission

TO PROVIDE A PERMANENT ENDOWMENT FOR LUTHERAN CHILD & FAMILY SERVICES OF INDIANA, INC. (LCFS) A RELATED ORGANIZATION TO ENHANCE THEIR ABILITY TO SERVE HUMAN NEEDS BY PROVIDING PROGRAMS OF COMPASSIONATE CARE AND COUNSEL TO ENHANCE DIGNITY AND QUALITY OF LIFE AND TO MANAGE AND MAINTAIN THE SHARING PLACE FOOD PANTRY & CHILDREN'S CLOTHING BANK. IN 2020, THE FOUNDATION FOR LUTHERAN CHILD & FAMILY SERVICES SOUGHT OUT OPPORTUNITIES TO ASSIST LCFS IN EXPANDING PROGRAMMING FOR YOUTH & YOUNG ADULTS. THE FOUNDATION ENGAGED IN FUNDRAISING & CONSTRUCTION TO IMPLEMENT THE PANDO ASPEN GROVE OF COMMUNITY HEIGHTS PERMANENT SUPPORTIVE HOUSING PROGRAM THAT OPENED IN JULY 2021.

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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 $2,704,890

Program Service Revenue $1,680,388

Investment Income $1,450,055

Other Revenue $-9,468

TOTAL REVENUE $5,825,865

Expense Breakdown

Grants Paid $1,883,100

Salaries & Benefits $0

Fundraising Expenses $411,408

Program Expenses $2,021,977

Other Expenses $1,533,701

TOTAL EXPENSES $3,416,801

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,825,865	$5,405,592	+0.1%
Expenses	$3,416,801	$2,888,403	+0.2%
Net Income	$2,409,064	$2,517,189	0.0%

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

N/A

Volunteers

440

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

$198,272

Total Directors

$198,272

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBERT KASSING	PRESIDENT	5.00	Officer Director	$0	$0	$0
TANIA DENG	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
CHERYL TROYER	TREASURER	1.00	Officer Director	$0	$0	$0
BISHOP JAMES STUCK	BOARD MEMBER - PARTIAL TERM	0.50	Director	$0	$0	$0
MARTHA K SCHMIDT	BOARD MEMBER	0.50	Director	$0	$0	$0
DR RON THIEME	BOARD MEMBER	0.50	Director	$0	$0	$0
SVEN SCHUMACHER	CEO & SECRETARY	15.00	Officer Director	$0	$30,747	$198,272
TOM GRAU	AGENCY BOARD PRESIDENT	5.00	Director	$0	$0	$0
LIBBY MANNING	BOARD MEMBER	0.50	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	$5,825,865	$3,416,801	$68,276,496	$2,409,064
2022	$5,405,592	$2,888,403	$62,099,258	$2,517,189
2021	$17,990,670	$2,496,628	$66,891,631	$15,494,042
2020	$4,175,550	$2,523,582	$59,016,433	$1,651,968
2019	$3,765,009	$2,644,905	$55,674,583	$1,120,104
2018	$3,495,825	$2,251,974	$50,802,988	$1,243,851

FOUNDATION FOR LUTHERAN CHILD AND FAMILY SERVICES OF INDIANA INC