THE LUTHERAN HOME ASSOCIATION FOUNDATION

EIN: 363449735 501(c)(3)

BELLE PLAINE, MN

Total Revenue
$753,559
Total Expenses
$355,926
Total Assets
$7,954,450
Net Assets
$4,291,752
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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
MN
Principal Officer
MARK HAYES
Phone
9528736000
Tax Period
2023-10-01 to 2024-09-30

THE LUTHERAN HOME ASSOCIATION FOUNDATION, founded in 1985, is a small nonprofit that reported $754K in total revenue in fiscal year 2023. The organization ran a surplus of $398K, a strong 53% operating margin.

Mission

TO SHARE CHRIST'S LOVE AS WE SERVE THE SPIRITUAL, PHYSICAL, INTELLECTUAL AND EMOTIONAL NEEDS OF PEOPLE ENTRUSTED TO OUR CARE AND OTHERS WHOSE LIVES WE TOUCH.

Program Service Accomplishments

Program 1
Expenses: $285,276

LUTHERAN HOME FOUDNATION SUPPORTS THE LUTHERAN HOME ASSOCIATION IN FURTHERANCE OF ITS EXEMPT PURPOSE OF PROVIDING CASE FOR THE AGED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $595,909
Program Service Revenue $0
Investment Income $49,001
Other Revenue $108,649
TOTAL REVENUE $753,559

Expense Breakdown

Grants Paid $0
Salaries & Benefits $46,161
Fundraising Expenses $0
Program Expenses $285,276
Other Expenses $309,765
TOTAL EXPENSES $355,926

Year-over-Year Comparison

2023 2022 Change
Revenue $753,559 $719,166 +0.0%
Expenses $355,926 $327,759 +0.1%
Net Income $397,633 $391,407 +0.0%
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
8
Independent Members
8
Employees
N/A
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
5
$140,828
Total Directors
9
$140,828
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK HAYES PRESIDENT & 2.00
Officer Director
$0 $21,403 $140,828
REV JOHN BOEDER DIRECTOR 0.30
Director
$0 $0 $0
MR JEFF DAVIS VICE CHAIR 0.30
Officer Director
$0 $0 $0
MR JON MAERTZ DIRECTOR 0.30
Director
$0 $0 $0
REV MICHAEL MUEHLENHARDT DIRECTOR 0.30
Director
$0 $0 $0
MR RANDY NIEMAN DIRECTOR 0.30
Director
$0 $0 $0
REV MATHEW C RAUH CHAIR 0.30
Officer Director
$0 $0 $0
MR TIM SCHUTH TREASURER 0.30
Officer Director
$0 $0 $0
MR LANCE SCHWARTZ SECRETARY 0.30
Officer Director
$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 $753,559 $355,926 $7,954,450 $397,633
2023 $719,166 $327,759 $7,007,765 $391,407
2022 $356,614 $593,181 $7,308,598 $-236,567
2021 $108,734 $238,308 $7,746,150 $-129,574
2020 $72,030 $116,863 $7,137,942 $-44,833
2019 $105,939 $102,231 $7,377,494 $3,708
2018 $653,040 $188,225 $6,986,992 $464,815
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