THE LUTHERAN HOME INC (EIN 390807205) - 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

1906

Legal Domicile

Principal Officer

KATHRYN CAVERS

Phone

4142586170

Tax Period

2024-01-01 to 2024-12-31

THE LUTHERAN HOME INC, founded in 1906, is a mid-sized nonprofit in the Health Care sector that reported $30.2M in total revenue in fiscal year 2024. Expenses of $28.9M left a modest 5% surplus.

Mission

THE LUTHERAN HOME, INC. PROVIDES REHABILITATION SERVICES, SKILLED NURSING, SPECIALIZED MEMORY CARE ASSISTED LIVING, ADULT DAY SERVICES, AND CHILD CARE.

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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 $369,827

Program Service Revenue $29,323,000

Investment Income $91,362

Other Revenue $461,499

TOTAL REVENUE $30,245,688

Expense Breakdown

Grants Paid $0

Salaries & Benefits $19,989,046

Fundraising Expenses $0

Program Expenses $23,536,701

Other Expenses $8,861,982

TOTAL EXPENSES $28,851,028

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,245,688	$29,549,376	+0.0%
Expenses	$28,851,028	$31,218,367	-0.1%
Net Income	$1,394,660	$-1,668,991	-1.8%

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

565

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

$568,127

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE SANDSTROM	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
MERILOU GONZALES	VICE CHAIRPERSON	1.00	Officer Director	$0	$0	$0
KRIS SURMA	TREASURER	1.00	Officer Director	$0	$0	$0
DIANE EHN	SECRETARY	1.00	Officer Director	$0	$0	$0
CHYTANIA BROWN	DIRECTOR (THRU 07/24)	1.00	Director	$0	$0	$0
JIM DENOR	DIRECTOR	1.00	Director	$0	$0	$0
MIKE HODAN	DIRECTOR	1.00	Director	$0	$0	$0
BEN JUECH	DIRECTOR	1.00	Director	$0	$0	$0
BEN KEBBEKUS	DIRECTOR	1.00	Director	$0	$0	$0
BRIAN KILB	DIRECTOR	1.00	Director	$0	$0	$0
GARY MUELLER	DIRECTOR	1.00	Director	$0	$0	$0
HARRIET PEDERSEN	DIRECTOR	1.00	Director	$0	$0	$0
RON PHILLEO	DIRECTOR	1.00	Director	$0	$0	$0
REV RANDY RAASCH	DIRECTOR	1.00	Director	$0	$0	$0
TIM REARDON	DIRECTOR	1.00	Director	$0	$0	$0
PAUL ROSENBERG	DIRECTOR	1.00	Director	$0	$0	$0
KATIE TRISKA WIEMER	DIRECTOR	1.00	Director	$0	$0	$0
KATHY CAVERS	PRESIDENT & CEO	24.00	Officer	$252,326	$26,709	$279,035
HENRIK CLAUSEN	VP OF FINANCE & CFO	24.00	Officer	$144,180	$13,863	$158,043
DANIELLE UNGER	ADMINISTRATOR	40.00	Officer	$103,046	$28,003	$131,049
BRIDGETTE FROMMELL	EXECUTIVE DIRECTOR - LH FOUNDATION	1.00	Highest	$127,391	$22,637	$150,028
JAYNE TETTENBORN	VP OF HUMAN RESOURCES	24.00	Highest	$123,105	$13,088	$136,193
DYONNE WILHELM	ADMINISTRATOR - MEMORY CARE	40.00	Highest	$107,295	$12,514	$119,809
ELENA DEPASS	DIRECTOR OF NURSING	40.00	Highest	$105,584	$29,911	$135,495
CAREY BARTLETT	VP-CLIENT RELATIONS	24.00	Highest	$105,158	$21,959	$127,117

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	$30,245,688	$28,851,028	$32,151,444	$1,394,660
2023	$29,549,376	$31,218,367	$31,773,690	$-1,668,991
2022	$29,304,599	$27,600,601	$32,373,808	$1,703,998
2021	$29,348,190	$27,419,155	$32,526,623	$1,929,035
2020	$28,194,835	$27,126,202	$34,682,232	$1,068,633
2019	$31,692,894	$25,402,765	$31,409,656	$6,290,129
2018	$24,739,980	$25,327,815	$23,836,572	$-587,835

THE LUTHERAN HOME INC