THE LUTHERAN HOME ASSOCIATION

🔒

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

Financial Trends

Organization Details

Formation Year

1977

Legal Domicile

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

TO SHARE CHRIST'S LOVE AS WE SERVE THE SPIRITUAL, PHYSICAL, INTELLECTUAL AND EMOTIONAL NEEDS OF PEOPLE ENTRUSTED TO OUR CARE AND OTHERS WHOSE LIVES WE TOUCH.

Program Service Accomplishments

Program 1

Expenses: $16,703,938 Revenue: $22,264,265

THE ORGANIZATION THROUGH MULTIPLE LOCATIONS PROVIDES A FULL RANGE OF SERVICES. THESE SERIVCES INCLUDE BUT ARE NOT LIMITED TO INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, SKILLED NURSING...

THE ORGANIZATION THROUGH MULTIPLE LOCATIONS PROVIDES A FULL RANGE OF SERVICES. THESE SERIVCES INCLUDE BUT ARE NOT LIMITED TO INDEPENDENT LIVING SERVICES, ASSISTED LIVING SERVICES, SKILLED NURSING SERVICES, LONG-TERM CARE, SERVICES TO DEVELOPMENTALLY DISABLED ADULTS, AND REHABILITATIVE SERVICE. WITH LOCATIONS IN MINNESOTA AND WISCONSIN WE OFFER THESE SERVICES AND THE ORGANIZTION PROVIDED OVER 85,037 DAYS OF RESIDENT CARE AND SERVICES IN THE CURRENT TAX YEAR.

🔒

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%)

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

Governance

Voting Members

Independent Members

Employees

522

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

$369,931

Total Directors

$140,828

Key Employees

Highest Compensated

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