LUTHERAN ADOPTION SERVICE (EIN 383330163) - 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

1977

Legal Domicile

Principal Officer

DAVID GEHM

Phone

3138237700

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN ADOPTION SERVICE, founded in 1977, is a community nonprofit that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 16% compared to the prior year.

Mission

LUTHERAN ADOPTION SERVICE, INC WAS CREATED TO PLACE MICHIGAN CHILDREN IN ADOPTIVE HOMES AND TO PROVIDE APPROPRIATE SUPPORTIVE SERVICES EMPHASIZING SPECIAL NEEDS CHILDREN.

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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 (2023)

Revenue Breakdown

Contributions & Grants $172,672

Program Service Revenue $3,083,384

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,256,056

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,702,245

Fundraising Expenses $113,810

Program Expenses $2,791,349

Other Expenses $778,838

TOTAL EXPENSES $3,481,083

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,256,056	$3,871,618	-0.2%
Expenses	$3,481,083	$3,890,354	-0.1%
Net Income	$-225,027	$-18,736	+11.0%

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

$109,320

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE GEHM	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KEVIN VAN DEN BOSCH	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KATHLEEN SCHULTZ	SECRETARY	1.00	Officer Director	$0	$0	$0
HEIDI RAUBENOLT	TREASURER	1.00	Officer Director	$0	$0	$0
RACHEL SYKES	EXECUTIVE DIRECTOR	40.00	Officer	$88,150	$21,170	$109,320

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	No data	No data	No data	No data
2023	$3,256,056	$3,481,083	$1,798,820	$-225,027
2022	$3,871,618	$3,890,354	$2,176,824	$-18,736
2021	$3,808,020	$3,914,837	$2,453,871	$-106,817
2020	$4,248,392	$4,044,112	$2,702,821	$204,280
2019	$3,698,442	$3,938,165	$2,490,506	$-239,723
2018	$4,266,784	$3,719,390	$2,480,730	$547,394

LUTHERAN ADOPTION SERVICE