LUTHERAN HOME FOR THE AGED INC (EIN 362192824) - 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

1892

Legal Domicile

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

THE PRESIDENT AND CEO IS PROVIDED WITH A HOUSING ALLOWANCE WHICH TOTALED $42,000 FOR CALENDAR YEAR 2024 AND WAS INCLUDED WITHIN TAXABLE COMPENSATION.

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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 $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

Governance

Voting Members

Independent Members

Employees

468

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

$1,276,288

Total Directors

$1,276,288

Key Employees

Highest Compensated

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

LUTHERAN HOME FOR THE AGED INC