LUTHERAN SENIOR HOUSING OF CHEBOYGAN (EIN 382593772) - 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

1985

Legal Domicile

Principal Officer

BRIDGETTE ZAPPACOSTA

Phone

3138237700

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN SENIOR HOUSING OF CHEBOYGAN, founded in 1985, is a small nonprofit in the Human Services sector that reported $290K in total revenue in fiscal year 2024. The organization ran a surplus of $65K, a strong 22% operating margin.

Mission

PROVIDE ELDERLY/HANDICAPPED PERSONS HOUSING FACILITIES & SERVICES DESIGNED TO MEET THEIR NEEDS.

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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 $14,853

Program Service Revenue $274,181

Investment Income $1,118

Other Revenue $0

TOTAL REVENUE $290,152

Expense Breakdown

Grants Paid $0

Salaries & Benefits $40,243

Fundraising Expenses $0

Program Expenses $99,589

Other Expenses $184,990

TOTAL EXPENSES $225,233

Year-over-Year Comparison

	2024	2023	Change
Revenue	$290,152	$283,351	+0.0%
Expenses	$225,233	$215,810	+0.0%
Net Income	$64,919	$67,541	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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
STEVE BERDEN	DIRECTOR	1.00	Director	$0	$0	$0
ARLENE HANSEN	DIRECTOR	1.00	Director	$0	$0	$0
SUE CASWELL	TREASURER	1.00	Officer Director	$0	$0	$0
ANGIE BAKER	SECRETARY	1.00	Officer Director	$0	$0	$0
KATHY LIEDER	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DOROTHY PIOTROWSKI	PRESIDENT	1.00	Officer Director	$0	$0	$0
BRIDGETTE ZAPPACOSTA	DIRECTOR OF FINANCE	1.00	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
2024	$290,152	$225,233	$290,705	$64,919
2023	$283,351	$215,810	$250,538	$67,541
2022	$277,501	$232,481	$223,156	$45,020
2021	$278,121	$228,594	$200,780	$49,527
2020	$286,170	$229,688	$174,045	$56,482
2019	$267,590	$253,782	$160,637	$13,808
2018	$246,957	$269,401	$217,118	$-22,444

LUTHERAN SENIOR HOUSING OF CHEBOYGAN