LUTHERAN COMMUNITY SERVICES FOR THE AGED INC

EIN: 363365609 501(c)(3)

ARLINGTON HEIGHTS, IL

Total Revenue
$3,353,627
Total Expenses
$3,918,081
Total Assets
$2,922,414
Net Assets
$-15,114,650
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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
IL
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

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.

Program Service Accomplishments

Program 1
Expenses: $3,519,233 Revenue: $3,141,379

SUPPORTIVE SERVICES TO ADJACENT NEIGHBORHOODS INCLUDING HOME SERVICES, MOVING SERVICES AND HOME MODIFICATIONS. CHILD DAY CARE FOR APPROXIMATELY 64 CHILDREN UP TO AGE 6. ADULT DAY SERVICES TO PROVIDE...

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SUPPORTIVE SERVICES TO ADJACENT NEIGHBORHOODS INCLUDING HOME SERVICES, MOVING SERVICES AND HOME MODIFICATIONS. CHILD DAY CARE FOR APPROXIMATELY 64 CHILDREN UP TO AGE 6. ADULT DAY SERVICES TO PROVIDE SOCIALIZATION AND SECURITY FOR SENIORS FROM THE COMMUNITY AS WELL AS THOSE SUFFERING FROM DEMENTIA.

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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 (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

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Governance

Voting Members
3
Independent Members
1
Employees
142
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
4
$911,601
Total Directors
4
$911,601
Key Employees
0
$0
Highest Compensated
0
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
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