LANTERN HILL INC

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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

2013

Legal Domicile

Principal Officer

PATRICIA BROWN

Phone

9082196702

Tax Period

2023-01-01 to 2023-12-31

LANTERN HILL INC, founded in 2013, is a mid-sized nonprofit in the Housing & Shelter sector that reported $47.6M in total revenue in fiscal year 2023. Revenue decreased 12% compared to the prior year.

Mission

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - LANTERN HILL, INC. CELEBRATES AGING! GROUNDED IN INCLUSION, INNOVATION AND ADVOCACY, WE CREATE UNPARALLELED VALUE AND OPPORTUNITIES FOR EVERY LIFE WE TOUCH. AS PART OF THE NATIONAL SENIOR COMMUNITIES ENTERPRISE, WE LEVERAGE OUR STRONG FINANCIAL FOUNDATION AND GOVERNANCE FOR THE BENEFIT OF SENIORS AND THOSE WHO SUPPORT THEM.

Program Service Accomplishments

Program 1

Expenses: $41,626,139 Revenue: $46,183,562

LANTERN HILL PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 434 INDEPENDENT LIVING UNITS, 42 ASSISTED LIVING UNITS AND 40 SKILLED NURSING BEDS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.

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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 (2023)

Revenue Breakdown

Contributions & Grants $1,055,882

Program Service Revenue $46,183,562

Investment Income $198,547

Other Revenue $201,248

TOTAL REVENUE $47,639,239

Expense Breakdown

Grants Paid $7,000

Salaries & Benefits $18,612,088

Fundraising Expenses $1,544

Program Expenses $41,626,139

Other Expenses $30,004,316

TOTAL EXPENSES $48,623,404

Year-over-Year Comparison

	2023	2022	Change
Revenue	$47,639,239	$54,016,716	-0.1%
Expenses	$48,623,404	$60,152,831	-0.2%
Net Income	$-984,165	$-6,136,115	-0.8%

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

550

Volunteers

101

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

$808,617

Total Directors

$1,340,000

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ARNOLD SPEERT	DIRECTOR (THRU 3/31/23)	1.10	Director	$0	$0	$22,500
BARBARA C BISGAIER	VICE CHAIR & VICE PRESIDENT	0.30	Officer Director	$0	$0	$110,000
C JACKSON BAIN	DIRECTOR (THRU 3/31/23)	0.10	Director	$0	$0	$22,500
DAVE MARR	RESIDENT DIRECTOR (THRU 3/31/23)	0.20	Director	$0	$0	$0
EILEEN G ERSTAD	TREASURER	0.10	Officer Director	$0	$0	$167,500
IAN BROWN	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
MARY D COLINS	SECRETARY	0.10	Officer Director	$0	$0	$150,000
MICHAEL W ROSKIEWICZ	DIRECTOR	0.10	Director	$0	$0	$110,000
MONTY C LEONARD	DIRECTOR	0.10	Director	$0	$0	$87,500
PAMELA D PAULK	DIRECTOR	0.10	Director	$0	$0	$87,500
PATRICIA M BROWN	CHAIR & PRESIDENT	1.00	Officer Director	$0	$0	$87,500
REV DR ZINA JACQUE	DIRECTOR	0.10	Director	$0	$0	$215,000
RUSSELL SHARP	DIRECTOR (BEG 4/1/23)	0.10	Director	$0	$0	$65,000
STEPHANIE L REEL	DIRECTOR	0.10	Director	$0	$0	$150,000
TERRY COX	RESIDENT DIRECTOR (BEG 4/1/23)	0.20	Director	$0	$0	$0
CHRIS RATHMANN	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
CRAIG KARCZMER	EXECUTIVE DIRECTOR	40.00	Officer	$277,846	$15,771	$293,617
JOHN HALL	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
MARK EMBLEY	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
NEAL GANTERT	ASSISTANT TREASURER	0.50	Officer	$0	$0	$0
KATHARYN BANKS	SALES COUNSELOR	40.00	Highest	$119,210	$417	$119,627
LINDA BECHTOLD	DIRECTOR, NURSING	40.00	Highest	$148,847	$14,997	$163,844
MARISSA DELATORRE	COORDINATOR, MDS PATIENT	40.00	Highest	$113,572	$3,607	$117,179
TERRI CAMPBELL	HEALTH CARE COUNSELOR	40.00	Highest	$114,087	$8,496	$122,583
KAREN CAMPBELL	INFECTION PREVENTIONIST	40.00	Highest	$115,361	$10,433	$125,794

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	$47,639,239	$48,623,404	$247,348,679	$-984,165
2022	$54,016,716	$60,152,831	$474,235,915	$-6,136,115
2021	$49,148,353	$54,216,519	$464,665,892	$-5,068,166
2020	$45,680,976	$45,081,959	$430,250,318	$599,017
2019	$38,682,202	$43,241,853	$402,913,758	$-4,559,651
2018	$31,499,232	$36,672,878	$290,427,002	$-5,173,646