THE LUTHERAN HOME ASSOCIATION

EIN: 410706147 501(c)(3)

BELLE PLAINE, MN

Total Revenue
$25,298,406
Total Expenses
$23,540,821
Total Assets
$22,199,758
Net Assets
$-3,362,002
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1977
Legal Domicile
MN
Principal Officer
MARK HAYES
Phone
9528736000
Tax Period
2023-10-01 to 2024-09-30

THE LUTHERAN HOME ASSOCIATION, founded in 1977, is a mid-sized nonprofit that reported $25.3M in total revenue in fiscal year 2023. Revenue decreased 9% compared to the prior year. Expenses of $23.5M left a modest 7% surplus.

Mission

PROVIDE FOR THE SPIRITUAL, PHYSICAL, INTELLECTUAL AND EMOTIONAL NEEDS OF PEOPLE ENTRUSTED TO OUR CARE AND OTHERS WHOSE LIVES WE TOUCH.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $672,511
Program Service Revenue $22,264,265
Investment Income $2,301,861
Other Revenue $59,769
TOTAL REVENUE $25,298,406

Expense Breakdown

Grants Paid $0
Salaries & Benefits $13,810,928
Fundraising Expenses $0
Program Expenses $17,840,523
Other Expenses $9,729,893
TOTAL EXPENSES $23,540,821

Year-over-Year Comparison

2023 2022 Change
Revenue $25,298,406 $27,947,732 -0.1%
Expenses $23,540,821 $21,581,581 +0.1%
Net Income $1,757,585 $6,366,151 -0.7%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
8
Independent Members
8
Employees
522
Volunteers
7

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
7
$369,931
Total Directors
9
$140,828
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK HAYES PRESIDENT & 38.00
Officer Director
$119,425 $21,403 $140,828
PATTY NARVESON CFO 40.00
Officer
$121,905 $0 $121,905
RICK KRANT ADMINISTRATO 40.00
Highest
$118,074 $0 $118,074
MARGO BARNES CONTROLLER 40.00
Officer
$107,198 $0 $107,198
REV JOHN BOEDER DIRECTOR 0.30
Director
$0 $0 $0
MR JEFF DAVIS VICE CHAIR 0.30
Officer Director
$0 $0 $0
MR JON MAERTZ DIRECTOR 0.30
Director
$0 $0 $0
REV MICHAEL MUEHLENHARDT DIRECTOR 0.30
Director
$0 $0 $0
MR RANDY NIEMAN DIRECTOR 0.30
Director
$0 $0 $0
REV MATHEW C RAUH CHAIR 0.30
Officer Director
$0 $0 $0
MR TIM SCHUTH TREASURER 0.30
Officer Director
$0 $0 $0
MR LANCE SCHWARTZ SECRETARY 0.30
Officer 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 $25,298,406 $23,540,821 $22,199,758 $1,757,585
2023 $27,947,732 $21,581,581 $24,908,455 $6,366,151
2022 $28,317,651 $27,129,239 $39,531,202 $1,188,412
2021 $28,215,877 $27,986,339 $28,969,103 $229,538
2020 $28,947,481 $27,908,780 $35,249,650 $1,038,701
2019 $26,269,582 $26,570,319 $32,868,305 $-300,737
2018 $25,610,301 $26,212,075 $38,552,861 $-601,774
Explore More Nonprofits
→Top 100 Nonprofits in Minnesota →Largest U.S. Nonprofits →Best Rated Nonprofits →Most Efficient Nonprofits

Compare THE LUTHERAN HOME ASSOCIATION with other nonprofits in Minnesota and across the country.

We Value Your Privacy
We use cookies and similar technologies to analyze site traffic and improve your experience. By clicking "Accept All", you consent to our use of cookies for analytics and measurement.