DETROIT, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
THE ORGANIZATION OPERATES A 24-UNIT APARTMENT COMPLEX, SUBSIDIZED BY HUD, THAT PROVIDES ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR NEEDS.
PROVIDED ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY...
PROVIDED ELDERLY AND/OR HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL, AND PSYCHOLOGICAL NEEDS, AND PROMOTE THEIR HEALTH, SECURITY, HAPPINESS THROUGH LONGER LIVING. CHARGES FOR SUCH FACILITIES AND SERVICES ARE BASED ON A BREAKEVEN BASIS. THE PROJECT IS A 24-UNIT APARTMENT COMPLEX.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
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
Sign In| 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 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | No data | No data | No data | No data |
| 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 |
Compare LUTHERAN SENIOR HOUSING OF CHEBOYGAN with other nonprofits in Michigan and across the country.