SAGINAW, MI
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)LUTHERAN HOME CARE AGENCY INC, founded in 1992, is a small nonprofit in the Health Care sector that reported $876K in total revenue in fiscal year 2023. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $1.2M exceeded revenue, resulting in a 40% operating deficit.
MOTIVATED BY CHRIST'S LOVE, WE ENGAGE PEOPLE AS THEY EXPERIENCE AND EMBRACE THEIR GOD-GIVEN POTENTIAL.
THE LUTHERAN HOME CARE AGENCY FULFILLED ITS TAX-EXEMPT PURPOSE THROUGH THE PROVISION OF NURSING, REHAB (PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPY), SOCIAL SERVICES, SPIRITUAL AND OTHER SUPPORTIVE...
THE LUTHERAN HOME CARE AGENCY FULFILLED ITS TAX-EXEMPT PURPOSE THROUGH THE PROVISION OF NURSING, REHAB (PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPY), SOCIAL SERVICES, SPIRITUAL AND OTHER SUPPORTIVE PROGRAMS TO FRAIL ELDERLY, DISABLED PERSONS, AND TERMINALLY ILL INDIVIDUALS. IN ADDITION, THE LHCA PROVIDES ADDITIONAL SERVICES TO THE COMMUNITY AT LARGE THROUGH EDUCATION, GRIEF SUPPORT, FLU SHOT CLINICS, AND VARIOUS WELLNESS PROGRAMS. OVERALL, THE LHCA PROVIDED A TOTAL OF 4,223 VISITS WHICH INCLUDED SERVICES SUCH AS NURSING CARE; SPEECH, PHYSICAL, AND OCCUPATIONAL THERAPIES; MEDICAL, SOCIAL, AND PERSONAL SERVICES; AND HOSPICE SERVICES TO 74 INDIVIDUALS.
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)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $876,104 | $1,763,894 | -0.5% |
| Expenses | $1,224,167 | $2,009,897 | -0.4% |
| Net Income | $-348,063 | $-246,003 | +0.4% |
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 |
|---|---|---|---|---|---|---|
| RITCH CUSHWAY | CHAIRMAN | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| PETE BENDER | TREASURER/SECRETARY | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| PAUL NYQUIST | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| CARL SCHOENOW | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| AMY BENKO | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| KAREN STORCK | DIRECTOR | 0.20 |
Director
|
$0 | $0 | $0 |
| DAVID M GEHM | PRESIDENT & CEO | 0.08 |
Officer
|
$0 | $9,685 | $249,665 |
| TIMOTHY KALBFLEISCH | SR. VP FINANCE AND CFO | 0.08 |
Officer
|
$0 | $3,707 | $226,562 |
| ALBERT D KAUL | VP OF FOUNDATION, CDO | 0.08 |
Officer
|
$0 | $6,978 | $123,938 |
| ERIC R MUSUM | VP, CTO | 0.08 |
Officer
|
$0 | $8,963 | $171,444 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $876,104 | $1,224,167 | $4,335,619 | $-348,063 |
| 2022 | $1,763,894 | $2,009,897 | $4,141,329 | $-246,003 |
| 2021 | $3,468,660 | $2,816,213 | $3,692,889 | $652,447 |
| 2020 | $3,580,557 | $3,231,216 | $2,916,562 | $349,341 |
| 2019 | $3,546,369 | $3,577,811 | $1,635,608 | $-31,442 |
| 2018 | $3,029,438 | $3,128,152 | $1,071,939 | $-98,714 |
Compare LUTHERAN HOME CARE AGENCY INC with other nonprofits in Michigan and across the country.