LUTHERAN HOME FOR THE AGED INC

EIN: 362192824 501(c)(3) Human Services

ARLINGTON HEIGHTS, IL

Total Revenue
$57,135,075
Total Expenses
$64,585,262
Total Assets
$122,490,717
Net Assets
$15,835,703
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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
1892
Legal Domicile
IL
Principal Officer
SLOAN BENTLEY
Phone
8473687342
Tax Period
2024-07-01 to 2025-06-30

LUTHERAN HOME FOR THE AGED INC, founded in 1892, is a mid-sized nonprofit in the Human Services sector that reported $57.1M in total revenue in fiscal year 2024. Expenses of $64.6M exceeded revenue, resulting in a 13% operating deficit.

Mission

EMPOWERING VIBRANT GRACE FILLED LIVING ACROSS ALL GENERATIONS. PROVIDING RESIDENTIAL AND HEALTH CARE SERVICES TO SENIORS INCLUDING BENEVOLENT CARE TO THOSE WHO HAVE EXHAUSTED THEIR FINANCIAL FUNDS. BENEVOLENT CARE IS PARTIALLY FUNDED BY AMOUNTS RECEIVED FROM AN AFFILIATE, LUTHERAN LIFE COMMUNITIES FOUNDATION.

Program Service Accomplishments

Program 1
Expenses: $55,340,996 Revenue: $57,040,299

DEVELOPMENT AND OPERATION OF 376 SKILLED NURSING UNITS AND 100 ASSISTED LIVING BEDS FOR SENIORS. PROVIDING RESIDENTIAL AND HEALTH CARE SERVICES TO SENIORS INCLUDING BENEVOLENT CARE TO THOSE WHO HAVE...

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DEVELOPMENT AND OPERATION OF 376 SKILLED NURSING UNITS AND 100 ASSISTED LIVING BEDS FOR SENIORS. PROVIDING RESIDENTIAL AND HEALTH CARE SERVICES TO SENIORS INCLUDING BENEVOLENT CARE TO THOSE WHO HAVE EXHAUSTED THEIR FUNDS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $2,550
Program Service Revenue $57,040,299
Investment Income $92,226
Other Revenue $0
TOTAL REVENUE $57,135,075

Expense Breakdown

Grants Paid $0
Salaries & Benefits $29,825,767
Fundraising Expenses $0
Program Expenses $55,340,996
Other Expenses $34,759,495
TOTAL EXPENSES $64,585,262

Year-over-Year Comparison

2024 2023 Change
Revenue $57,135,075 $60,029,751 0.0%
Expenses $64,585,262 $60,019,373 +0.1%
Net Income $-7,450,187 $10,378 -718.9%
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
3
Independent Members
1
Employees
468
Volunteers
1

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
3
$1,276,288
Total Directors
3
$1,276,288
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL RENETZKY CHAIR 0.30
Officer Director
$0 $0 $0
M SLOAN BENTLEY PRESIDENT & CEO-VICE CHAIR 2.00
Officer Director
$0 $16,211 $749,932
AMY LACROIX SECRETARY 2.00
Officer Director
$0 $14,044 $526,356
BRIAN GROSS VP, SKILLED NURSING OPERATIONS 37.50
Highest
$140,987 $3,605 $144,592
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
2025 $57,135,075 $64,585,262 $122,490,717 $-7,450,187
2024 No data No data No data No data
2023 $60,361,096 $57,760,937 $130,875,083 $2,600,159
2022 $51,162,686 $51,644,906 $127,377,508 $-482,220
2021 $46,009,976 $45,479,261 $131,494,614 $530,715
2020 $54,059,030 $47,630,934 $133,389,832 $6,428,096
2019 $58,133,540 $52,573,381 $135,531,409 $5,560,159
2018 $78,749,836 $53,194,092 $139,305,923 $25,555,744
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