LUTHERAN EDUCATION ASSOCIATION (EIN 362496650) - 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

1961

Legal Domicile

Principal Officer

THOMAS WREGE

Phone

7082093343

Tax Period

2024-07-01 to 2025-06-30

LUTHERAN EDUCATION ASSOCIATION, founded in 1961, is a small nonprofit in the Education sector that reported $344K in total revenue in fiscal year 2024. Revenue fell 26% from the prior year — a significant decline worth monitoring. Expenses of $640K exceeded revenue, resulting in a 86% operating deficit.

Mission

LUTHERAN EDUCATION ASSOCIATION LINKS, EQUIPS, AND AFFIRMS EDUCATORS AND WORKERS IN MINISTRY FOR THE PURPOSE OF BUILDING UP THE BODY OF CHRIST.

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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 $169,493

Program Service Revenue $168,936

Investment Income $4,427

Other Revenue $1,300

TOTAL REVENUE $344,156

Expense Breakdown

Grants Paid $0

Salaries & Benefits $316,827

Fundraising Expenses $28,314

Program Expenses $432,168

Other Expenses $323,187

TOTAL EXPENSES $640,014

Year-over-Year Comparison

	2024	2023	Change
Revenue	$344,156	$462,508	-0.3%
Expenses	$640,014	$592,422	+0.1%
Net Income	$-295,858	$-129,914	+1.3%

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

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

$108,690

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BOB ZIEGLER	CHAIR	2.00	Officer Director	$0	$0	$0
GRETCHEN JAMESON	DIRECTOR	1.00	Director	$0	$0	$0
ANGIE SCHILLER	DIRECTOR	1.00	Director	$0	$0	$0
BARBRA KOZISEK	DIRECTOR	1.00	Director	$0	$0	$0
KELLY LAMKIN	SECRETARY	1.00	Director	$0	$0	$0
TOM WREGE	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCHIEMANN	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DALLAS LUSK	DIRECTOR	1.00	Director	$0	$0	$0
DERYL MAXWELL	DIRECTOR	1.00	Director	$0	$0	$0
JONATHAN C LAABS	EXECUTIVE DIRECTOR	40.00	Officer	$101,028	$7,662	$108,690

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	$344,156	$640,014	$733,794	$-295,858
2024	No data	No data	No data	No data
2023	$1,771,633	$1,270,374	$442,223	$501,259
2022	$560,848	$611,522	$479,562	$-50,674
2021	$440,648	$513,052	$154,848	$-72,404
2020	$1,459,272	$1,256,474	$163,980	$202,798
2019	$309,628	$506,723	$545,818	$-197,095

LUTHERAN EDUCATION ASSOCIATION