LUTHERAN SENIOR HEALTHCARE INC

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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

2007

Legal Domicile

Principal Officer

COLLEEN P FRANKENFIELD

Phone

6093867171

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN SENIOR HEALTHCARE INC, founded in 2007, is a mid-sized nonprofit that reported $12.6M in total revenue in fiscal year 2024.

Mission

THROUGH THE POWER OF THE HOLY SPIRIT AND IN RESPONSE TO GOD'S LOVE AS REVEALED IN THE GOSPEL, THE MISSION OF LUTHERAN SOCIAL MINISTRIES OF NJ IS TO SERVE THOSE WHO HURT, WHO ARE IN NEED, OR WHO HAVE LIMITED CHOICES THROUGH AN ARRAY OF HEALTH CARE AND SOCIAL SERVICES IN NJ.

Program Service Accomplishments

Program 1

Expenses: $12,243,400 Revenue: $12,565,922

LUTHERAN SENIOR HEALTHCARE, INC. (PROGRAM OF ALL-INCLUSIVE CARE FOR THE ELDERLY OR "PACE") IS A MEDICARE AND MEDICAID PROGRAM FOR ADULTS OVER THE AGE OF 55 YEARS WHO ARE ELIGIBLE FOR SKILLED NURSING CARE. THIS PROGRAM PROVIDES COMMUNITY-BASED CARE AND SERVICES TO INDIVIDUALS WHO OTHERWISE WOULD NEED NURSING HOME LEVEL OF CARE. PARTICIPANTS MUST MEET MEDICAID AND MEDICARE FINANCIAL ELIGIBILITY OR PAY PRIVATELY. PACE WAS CREATED AS A WAY TO PROVIDE FAMILIES, CAREGIVERS, AND PROFESSIONAL HEALTH CARE PROVIDERS FLEXIBILITY TO MEET THE PARTICIPANTS' HEALTH CARE NEEDS AND TO HELP EACH PARTICIPANT CONTINUE LIVING IN THE COMMUNITY.

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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 $50

Program Service Revenue $12,565,922

Investment Income $319

Other Revenue $36

TOTAL REVENUE $12,566,327

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,164,609

Fundraising Expenses $0

Program Expenses $12,243,400

Other Expenses $9,536,666

TOTAL EXPENSES $13,701,275

Year-over-Year Comparison

	2024	2023	Change
Revenue	$12,566,327	$13,183,395	0.0%
Expenses	$13,701,275	$14,231,053	0.0%
Net Income	$-1,134,948	$-1,047,658	+0.1%

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

106

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

$1,697,464

Total Directors

$891,855

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRAD HILDEBRANDT	CHAIR	0.50	Officer Director	$0	$0	$0
KENNETH VAN DONGEN	VICE CHAIR	0.50	Officer Director	$0	$0	$0
EDWARD P NOBLE	TREASURER	0.50	Officer Director	$0	$0	$0
JUHAN RUNNE	SECRETARY	0.50	Officer Director	$0	$0	$0
REV TRACIE BARTHOLOMEW	TRUSTEE	0.50	Director	$0	$0	$0
REV STEPHEN GEWECKE	TRUSTEE	0.50	Director	$0	$0	$0
RAFAEL HACISKI	TRUSTEE	0.50	Director	$0	$0	$0
TERRY SHINE	TRUSTEE	0.50	Director	$0	$0	$0
REV DR ANTHONY STEINBRONN	TRUSTEE	0.50	Director	$0	$0	$0
COLLEEN P FRANKENFIELD	PRESIDENT & CEO	0.50	Officer Director	$0	$67,990	$891,855
MARGARET DEVERELL	TRUSTEE	0.50	Director	$0	$0	$0
KATE STUTZEL	TRUSTEE	0.50	Director	$0	$0	$0
JEANNINE RICHMAN	SR. VICE PRESIDENT & CFO	0.50	Officer	$0	$36,853	$370,833
SHERRY OUTTEN	SR. VICE PRESIDENT & COO	0.50	Officer	$0	$45,865	$434,776
JAYESHKUMAR PATEL	MEDICAL DIRECTOR	40.00	Highest	$143,654	$0	$143,654
MARIA IVARONE	EXECUTIVE DIRECTOR	40.00	Highest	$174,671	$30,070	$204,741
LAURIE GOSSE	OCCUPATIONAL THERAPIST	40.00	Highest	$103,469	$8,344	$111,813
BRYAN PATRICK	UR PHYSICIAN	40.00	Highest	$111,988	$0	$111,988

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	$12,566,327	$13,701,275	$2,876,800	$-1,134,948
2023	$13,183,395	$14,231,053	$5,017,700	$-1,047,658
2022	$13,665,562	$13,971,304	$3,866,591	$-305,742
2021	$13,763,962	$13,411,609	$4,764,086	$352,353
2020	$13,565,157	$11,980,345	$5,073,046	$1,584,812
2019	$12,479,200	$12,296,411	$5,066,876	$182,789
2018	$11,949,971	$11,857,497	$2,318,855	$92,474