LUTHERAN HERITAGE FOUNDATION (EIN 383106702) - 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

1992

Legal Domicile

Principal Officer

MATTHEW HEISE

Phone

8005540723

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN HERITAGE FOUNDATION, founded in 1992, is a community nonprofit in the Religion sector that reported $3.0M in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $3.4M exceeded revenue, resulting in a 13% operating deficit.

Mission

TO TRANSLATE, PUBLISH, DISTRIBUTE, AND INTRODUCE HISTORIC LUTHERAN BOOKS AND MATERIALS PRIMARILY USED IN THE TRAINING OF PASTORS, TEACHERS, AND LAY LEADERS.

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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 $2,611,551

Program Service Revenue $0

Investment Income $419,349

Other Revenue $12,659

TOTAL REVENUE $3,043,559

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,040,368

Fundraising Expenses $384,561

Program Expenses $2,493,459

Other Expenses $2,401,176

TOTAL EXPENSES $3,441,544

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,043,559	$2,565,835	+0.2%
Expenses	$3,441,544	$3,651,283	-0.1%
Net Income	$-397,985	$-1,085,448	-0.6%

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

Volunteers

100

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

$263,108

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATTHEW HEISE	EXECUTIVE DI	40.00	Director	$116,686	$31,470	$148,156
JEFF RAHN	ASSIST EXECU	40.00	Director	$85,800	$29,152	$114,952
MARK ANGOTT	PRESIDENT	3.00	Director	$0	$0	$0
ARMAND BOEHME	BOARD MEMBER	1.00	Director	$0	$0	$0
KARL BOLLHAGEN	FIRST V.P.	3.00	Director	$0	$0	$0
DAVID EBERHARD	SECRETARY	3.00	Director	$0	$0	$0
BRAD FLAAEN	SECOND V.P.	3.00	Director	$0	$0	$0
RENNIE KAUFMANN	BOARD MEMBER	1.00	Director	$0	$0	$0
MARK LOEST	BOARD MEMBER	1.00	Director	$0	$0	$0
JONATHAN MUMME	BOARD MEMBER	1.00	Director	$0	$0	$0
LARRY MYERS	THIRD V.P.	3.00	Director	$0	$0	$0
RICHARD NUFFER	CHAIRMAN	3.00	Director	$0	$0	$0
ERIC PRISBY	TREASURER	3.00	Director	$0	$0	$0
DOUGLAS RUTT	BOARD MEMBER	1.00	Director	$0	$0	$0
BRUCE SCARBEARY	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID SOMERS	BOARD MEMBER	1.00	Director	$0	$0	$0
ZEREHAIMANOT YOHANNES	BOARD MEMBER	1.00	Director	$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	$3,043,559	$3,441,544	$9,466,585	$-397,985
2023	$2,565,835	$3,651,283	$9,504,784	$-1,085,448
2022	$2,841,175	$2,683,021	$9,524,409	$158,154
2021	$6,556,618	$2,504,784	$9,784,272	$4,051,834
2020	$2,048,265	$2,375,862	$5,846,048	$-327,597
2019	$2,628,126	$2,497,199	$5,950,655	$130,927
2018	$2,396,701	$2,495,864	$5,668,922	$-99,163

LUTHERAN HERITAGE FOUNDATION