LUTHERAN COMMUNITY SERVICES FOR THE AGED INC (EIN 363365609) - 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

1985

Legal Domicile

Principal Officer

SLOAN BENTLEY

Phone

8473687342

Tax Period

2022-07-01 to 2023-06-30

LUTHERAN COMMUNITY SERVICES FOR THE AGED INC, founded in 1985, is a community nonprofit that reported $3.4M in total revenue in fiscal year 2022. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $3.9M exceeded revenue, resulting in a 17% operating deficit.

Mission

THE PRESIDENT AND CEO IS PROVIDED WITH A HOUSING ALLOWANCE WHICH TOTALED $34,800 FOR CALENDAR YEAR 2022, 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 (2022)

Revenue Breakdown

Contributions & Grants $212,248

Program Service Revenue $3,163,807

Investment Income $0

Other Revenue $-22,428

TOTAL REVENUE $3,353,627

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,520,232

Fundraising Expenses $0

Program Expenses $3,519,233

Other Expenses $1,397,849

TOTAL EXPENSES $3,918,081

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,353,627	$7,149,120	-0.5%
Expenses	$3,918,081	$6,993,713	-0.4%
Net Income	$-564,454	$155,407	-4.6%

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

142

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

$911,601

Total Directors

$911,601

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MEREDITH SLOAN BENTLEY	PRESIDENT/CEO - VICE CHAIR	2.00	Officer Director	$0	$13,404	$557,848
JAMES BUCKMAN	TREASURER/SECRETARY (UNTIL DEC '22)	2.00	Officer Director	$0	$7,657	$274,906
MICHAEL RENETZKY	CHAIR	0.33	Officer Director	$0	$0	$0
AMY LACROIX	TREASURER/SECRETARY (STARTED JAN '23)	2.00	Officer Director	$0	$1,484	$78,847

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	No data	No data	No data	No data
2024	No data	No data	No data	No data
2023	$3,353,627	$3,918,081	$2,922,414	$-564,454
2022	$7,149,120	$6,993,713	$3,086,556	$155,407
2021	$7,849,149	$7,449,707	$2,945,897	$399,442
2020	$6,041,074	$6,789,081	$1,314,235	$-748,007
2019	$6,868,736	$7,307,755	$842,682	$-439,019

LUTHERAN COMMUNITY SERVICES FOR THE AGED INC