LUTHERAN HOME FOR THE AGED DEVELOPMENT CORPORATION (EIN 362735789) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1976

Legal Domicile

Principal Officer

JERRY HENRICHS

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN HOME FOR THE AGED DEVELOPMENT CORPORATION, founded in 1976, is a community nonprofit that reported $9.6M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE THE HIGHEST QUALITY OF CARE TO THOSE IN THEIR GOLDEN YEARS.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $428,609

Program Service Revenue $8,916,302

Investment Income $2,137

Other Revenue $204,836

TOTAL REVENUE $9,551,884

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,666,170

Fundraising Expenses $0

Program Expenses $8,904,677

Other Expenses $3,400,227

TOTAL EXPENSES $10,066,397

Year-over-Year Comparison

	2023	2022	Change
Revenue	$9,551,884	$8,766,904	+0.1%
Expenses	$10,066,397	$9,117,931	+0.1%
Net Income	$-514,513	$-351,027	+0.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

252

Volunteers

N/A

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFFREY PETERSEN	ADMINISTRATO	40.00	Highest	$109,055	$0	$109,055
DOUG BENNER	DIRECTOR	N/A	Director	$0	$0	$0
CHARLES BOHLMANN	DIRECTOR	N/A	Director	$0	$0	$0
CYNTHIA CLAPP	DIRECTOR	N/A	Director	$0	$0	$0
PASTOR DON GILLISPIE	DIRECTOR	N/A	Director	$0	$0	$0
JERRY HENRICHS	PRESIDENT	N/A	Officer Director	$0	$0	$0
PASTOR PATRICK JENKINS	SECRETARY	N/A	Officer Director	$0	$0	$0
MYRA MANSSEN	DIRECTOR	N/A	Director	$0	$0	$0
JODY MUNSTERMAN	DIRECTOR	N/A	Director	$0	$0	$0
KRIS RITZMA	DIRECTOR	N/A	Director	$0	$0	$0
MARCIE KOLBERG	TREASURER	N/A	Officer	$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	$9,551,884	$10,066,397	$4,943,343	$-514,513
2022	$8,766,904	$9,117,931	$5,348,384	$-351,027
2021	$9,143,268	$8,436,359	$5,765,834	$706,909
2020	$8,255,030	$8,295,854	$6,102,934	$-40,824
2019	$8,719,964	$8,587,681	$5,019,778	$132,283
2018	$8,169,686	$8,910,308	$5,197,291	$-740,622

LUTHERAN HOME FOR THE AGED DEVELOPMENT CORPORATION