LUTHERAN HOMES OF MICHIGAN INC (EIN 381358410) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1892

Legal Domicile

Principal Officer

DAVID M GEHM

Phone

9896523470

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN HOMES OF MICHIGAN INC, founded in 1892, is a mid-sized nonprofit in the Health Care sector that reported $36.0M in total revenue in fiscal year 2024.

Mission

MOTIVATED BY CHRIST'S LOVE, WE ENGAGE PEOPLE AS THEY EXPERIENCE AND EMBRACE THEIR GOD-GIVEN POTENTIAL.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $692,928

Program Service Revenue $28,993,511

Investment Income $1,302,473

Other Revenue $4,962,637

TOTAL REVENUE $35,951,549

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,946,635

Fundraising Expenses $104,668

Program Expenses $29,666,118

Other Expenses $18,989,240

TOTAL EXPENSES $38,935,875

Year-over-Year Comparison

	2024	2023	Change
Revenue	$35,951,549	$36,293,699	0.0%
Expenses	$38,935,875	$37,920,019	+0.0%
Net Income	$-2,984,326	$-1,626,320	+0.8%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✓ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

579

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

$915,937

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATT RESCH	CHAIRMAN	0.20	Officer Director	$0	$0	$0
PETE BENDER	VICE CHAIRMAN	0.20	Officer Director	$0	$0	$0
ANDREA LOGAN	SECRETARY	0.20	Officer Director	$0	$0	$0
RITCH CUSHWAY	TREASURER	0.20	Officer Director	$0	$0	$0
ALAN NUECHTERLEIN	DIRECTOR	0.20	Director	$0	$0	$0
AMY BENKO	DIRECTOR	0.20	Director	$0	$0	$0
CARL SCHOENOW	DIRECTOR	0.20	Director	$0	$0	$0
DR INGRID DRAPER	DIRECTOR	0.20	Director	$0	$0	$0
DR THOMAS FOCKLER	DIRECTOR	0.20	Director	$0	$0	$0
KAREN STORCK	DIRECTOR	0.20	Director	$0	$0	$0
MAUREEN TIPPEN	DIRECTOR	0.20	Director	$0	$0	$0
PAUL NYQUIST	DIRECTOR	0.20	Director	$0	$0	$0
DAVID M GEHM	PRESIDENT & CEO	39.52	Officer	$282,955	$13,300	$296,255
TIMOTHY KALBFLEISCH	SR. VP FINANCE AND CFO	39.52	Officer	$231,595	$11,925	$243,520
JILL M HAISER VP OF MKTG	RECRUITMENT & BRAND STRAT., CMO	39.52	Officer	$187,438	$5,025	$192,463
ERIC R MUSUM	VP, CTO	39.52	Officer	$171,509	$12,190	$183,699
JODIE LAWMASTER	CONTROLLER & FINANCE DIRECTOR	40.00	Highest	$142,900	$9,848	$152,748
NOELLE CONZELMANN	DIRECTOR OF SKILLED NURSING OPERATIONS	38.24	Highest	$128,834	$7,087	$135,921
JUDY PICCININNI	NURSING HOME ADMINISTRATOR	40.00	Highest	$128,316	$6,968	$135,284
ADRIANN DAVIS	LICENSED PRACTICAL NURSE (SNF)	40.00	Highest	$126,729	$7,740	$134,469
JOHN E CESARZ	IT DIRECTOR	40.00	Highest	$116,780	$9,491	$126,271

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	$35,951,549	$38,935,875	$68,221,449	$-2,984,326
2023	$36,293,699	$37,920,019	$57,855,711	$-1,626,320
2022	$38,076,606	$36,611,478	$59,659,370	$1,465,128
2021	$42,483,751	$36,113,900	$62,116,968	$6,369,851
2020	$38,263,375	$35,959,836	$57,940,344	$2,303,539
2019	$37,588,007	$37,370,121	$52,626,040	$217,886
2018	$48,032,380	$44,391,001	$53,300,034	$3,641,379

LUTHERAN HOMES OF MICHIGAN INC