Lutheran Homes (EIN 410694719) - 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

1969

Legal Domicile

Principal Officer

Angela Nelson

Phone

2184562105

Tax Period

2023-10-01 to 2024-09-30

Lutheran Homes, founded in 1969, is a community nonprofit in the Health Care sector that reported $6.2M in total revenue in fiscal year 2023. Revenue surged 20% from the prior year, signaling strong growth momentum.

Mission

Provide living environments for seniors that maximize health, independence and quality of life.

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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 $407,000

Program Service Revenue $5,710,773

Investment Income $3,316

Other Revenue $107,642

TOTAL REVENUE $6,228,731

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,318,013

Fundraising Expenses $0

Program Expenses $5,553,112

Other Expenses $2,098,634

TOTAL EXPENSES $6,416,647

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,228,731	$5,184,341	+0.2%
Expenses	$6,416,647	$5,769,303	+0.1%
Net Income	$-187,916	$-584,962	-0.7%

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

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

$162,086

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Jon Hellerud	President	1.00	Officer Director	$0	$0	$0
Al Brooks	Vice President	1.00	Officer Director	$0	$0	$0
Linda Blomseth	Treasurer	1.00	Officer Director	$0	$0	$0
Jannette Wenshau	Secretary	1.00	Officer Director	$0	$0	$0
Jackie Hellerud	Director	1.00	Director	$0	$0	$0
Lorie Paulsrud	Director	1.00	Director	$0	$0	$0
Kristen Hanson	Director	1.00	Director	$0	$0	$0
Angela Nelson	Administrator	50.00	Officer	$124,073	$38,013	$162,086
Leah Lee	Director of Nursing	40.00	Highest	$101,738	$38,013	$139,751
Graciela Garza	CNA	60.00	Highest	$100,714	$11,737	$112,451

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	$6,228,731	$6,416,647	$2,732,378	$-187,916
2023	$5,184,341	$5,769,303	$3,167,149	$-584,962
2022	$4,809,216	$5,217,714	$3,556,095	$-408,498
2021	$5,630,603	$5,155,157	$3,462,334	$475,446
2020	$4,599,983	$4,615,303	$3,554,059	$-15,320
2019	$4,348,157	$4,728,457	$3,067,350	$-380,300
2018	$7,857,270	$8,264,193	$4,720,675	$-406,923

Lutheran Homes