SALEM VILLAGE III INC C/O LUTHERAN SOCIAL SERVICES OF ILLINOIS (EIN 363736904) - 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

1976

Legal Domicile

Principal Officer

MARK A STUTRUD

Phone

8476354600

Tax Period

2024-07-01 to 2025-06-30

SALEM VILLAGE III INC C/O LUTHERAN SOCIAL SERVICES OF ILLINOIS, founded in 1976, is a community nonprofit in the Housing & Shelter sector that reported $4.3M in total revenue in fiscal year 2018. Expenses of $4.0M left a modest 6% surplus.

Mission

HUD SUBSIDIZED HOUSING FOR THE ELDERLY.

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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 $0

Program Service Revenue $4,363,072

Investment Income $27,780

Other Revenue $26,671

TOTAL REVENUE $4,417,523

Expense Breakdown

Grants Paid $0

Salaries & Benefits $592,473

Fundraising Expenses $0

Program Expenses $4,853,633

Other Expenses $4,602,301

TOTAL EXPENSES $5,194,774

Year-over-Year Comparison

	2024	2023	Change
Revenue	$4,417,523	$4,254,961	+0.0%
Expenses	$5,194,774	$5,478,654	-0.1%
Net Income	$-777,251	$-1,223,693	-0.4%

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

N/A

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

$657,771

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV KATHIE BENDER SCHWICH	CHAIR	0.10	Officer Director	$0	$0	$0
ESTHER M MACCHIONE	VICE CHAIR	0.10	Officer Director	$0	$0	$0
REV YOUNGSHIM E PITCHER	SECRETARY	0.10	Officer Director	$0	$0	$0
MR JAMES E HARNEY	TREASURER	0.10	Officer Director	$0	$0	$0
SUSAN BOIN	DIRECTOR	0.10	Director	$0	$0	$0
RON KOK-ALBLAS	DIRECOTR	0.10	Director	$0	$0	$0
BETH NELSON CHASE	DIRECTOR	0.10	Director	$0	$0	$0
REV RHONDA L PRUITT	DIRECTOR	0.10	Director	$0	$0	$0
JUDY K DALHAUS	DIRECTOR	0.10	Director	$0	$0	$0
MARK SCHWIEBERT	DIRECTOR	0.10	Director	$0	$0	$0
DONALD B ERICKSON	DIRECTOR	0.10	Director	$0	$0	$0
REV YEHIEL CURRY	BISHOP/EX OFFICIO	0.10	Director	$0	$0	$0
REV GREG BUSBOOM	BISHOP/EX OFFICIO	0.10	Director	$0	$0	$0
REV STACIE FIDLAR	BISHOP/EX OFFICIO	0.10	Director	$0	$0	$0
MARK A STUTRUD	CEO	0.20	Officer	$0	$54,780	$428,199
LISA SROGA	VP FINANCE/CFO	0.20	Officer	$0	$2,443	$229,572
DAVID K WILDS	DIR OF TREASURY SERVICES	0.20	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
2025	$4,417,523	$5,194,774	$5,708,228	$-777,251
2024	No data	No data	No data	No data
2023	$4,679,542	$4,689,133	$6,224,605	$-9,591
2022	$4,222,449	$4,451,407	$6,550,192	$-228,958
2021	$4,258,039	$4,712,660	$6,552,915	$-454,621
2020	$3,928,967	$4,167,528	$6,906,122	$-238,561
2019	$4,255,505	$4,015,102	$7,398,762	$240,403

SALEM VILLAGE III INC C/O LUTHERAN SOCIAL SERVICES OF ILLINOIS