LUTHERAN SOCIAL SERVICE OF MINNESOTA (EIN 410872993) - 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

1962

Legal Domicile

Principal Officer

PATRICK THUESON

Phone

6519692300

Tax Period

2023-10-01 to 2024-09-30

LUTHERAN SOCIAL SERVICE OF MINNESOTA, founded in 1962, is a major nonprofit in the Human Services sector that reported $180.7M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

EXPRESS THE LOVE OF CHRIST FOR ALL PEOPLE THROUGH SERVICE THAT CHANGES LIVES AND BUILDS COMMUNITY.

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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 $15,011,822

Program Service Revenue $166,661,659

Investment Income $2,043,369

Other Revenue $-3,052,250

TOTAL REVENUE $180,664,600

Expense Breakdown

Grants Paid $18,573,500

Salaries & Benefits $122,646,017

Fundraising Expenses $3,747,910

Program Expenses $150,942,216

Other Expenses $35,346,446

TOTAL EXPENSES $176,565,963

Year-over-Year Comparison

	2023	2022	Change
Revenue	$180,664,600	$159,877,420	+0.1%
Expenses	$176,565,963	$159,998,315	+0.1%
Net Income	$4,098,637	$-120,895	-34.9%

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

3652

Volunteers

2800

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

$1,801,741

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
AARON GERINGER	DIRECTOR	1.00	Director	$0	$0	$0
ANDREA PIESKE	DIRECTOR (THROUGH JUNE 2024)	1.00	Director	$0	$0	$0
BISHOP PATRICIA LULL	DIRECTOR	1.00	Director	$0	$0	$0
BISHOP REGINA HASSANALLY	DIRECTOR	1.00	Director	$0	$0	$0
DR ROB NESSE	CHAIR	1.00	Officer Director	$0	$0	$0
H THEODORE TED GRINDAL	DIRECTOR	1.00	Director	$0	$0	$0
JENNIFER GARBOW	DIRECTOR	1.00	Director	$0	$0	$0
JEWELIE GRAPE	TREASURER	1.00	Officer Director	$0	$0	$0
JODY HORNTVEDT	DIRECTOR	1.00	Director	$0	$0	$0
JUDGE CINDY JESSON	DIRECTOR	1.00	Director	$0	$0	$0
LEE-ANN STEPHENS	DIRECTOR	1.00	Director	$0	$0	$0
LOREN ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
LUKE WINSKOWSKI	DIRECTOR (THROUGH JUNE 2024)	1.00	Director	$0	$0	$0
NARDOS SIUM	VICE CHAIR	1.00	Officer Director	$0	$0	$0
NICOLE JAMES GILCHRIST	DIRECTOR	1.00	Director	$0	$0	$0
PANG XIONG	DIRECTOR	1.00	Director	$0	$0	$0
PER ANDERSON	DIRECTOR	1.00	Director	$0	$0	$0
REV DEE PEDERSON	DIRECTOR (THROUGH JUNE 2024)	1.00	Director	$0	$0	$0
REV KELLY CHATMAN	DIRECTOR	1.00	Director	$0	$0	$0
REV LORI GORDON	DIRECTOR	1.00	Director	$0	$0	$0
REV MARK AUNE	SECRETARY	1.00	Officer Director	$0	$0	$0
THERESA JACOBSON	DIRECTOR	1.00	Director	$0	$0	$0
VINCENT PETERS	DIRECTOR	1.00	Director	$0	$0	$0
ALEXIS OBERDORFER	SR. VP SERVICE	40.00	Officer	$189,992	$13,456	$203,448
JESSE STREMCHA	VP/CHIEF DEVELOPMENT OFFICER	40.00	Officer	$216,570	$26,315	$242,885
MAUREEN WARREN	SR. VP SERVICE (LEFT OCT 2024)	40.00	Officer	$272,900	$42,842	$315,742
MIATA GETAWEH	VP OF HUMAN RESOURCES	40.00	Officer	$146,990	$29,173	$176,163
PATRICK THUESON	PRESIDENT	40.00	Officer	$396,411	$56,542	$452,953
PAUL SLACK	VP COLLABORATION AND COACHING	43.00	Officer	$131,680	$20,304	$151,984
TAUSEEF KHAWAJA	SR. VP FINANCE AND OPERATIONS	40.00	Officer	$217,111	$41,455	$258,566
GEORGE KLAUSER	ACO DIRECTOR (SEE SCH O)	40.00	Highest	$209,728	$46,979	$256,707
MARK DUBBELS	AVP CRS SERVICES	40.00	Highest	$164,177	$10,159	$174,336
MICHAEL BOHLKEN	AVP INFO TECHNOLOGY	40.00	Highest	$164,325	$42,193	$206,518
PADMA TAMMA	SR DIRECTOR COMPLIANCE (LEFT JUNE 2024)	40.00	Highest	$165,184	$12,166	$177,350
PATRICE O'LEARY	AVP YOUTH SERVICES	40.00	Highest	$165,936	$37,333	$203,269

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	$180,664,600	$176,565,963	$100,563,689	$4,098,637
2023	$159,877,420	$159,998,315	$94,492,072	$-120,895
2022	$150,582,974	$149,041,360	$86,508,394	$1,541,614
2021	$145,601,008	$139,766,025	$100,444,463	$5,834,983
2020	$127,619,592	$120,379,535	$90,020,807	$7,240,057
2019	$112,996,457	$112,915,918	$78,153,707	$80,539
2018	$105,894,826	$106,629,482	$81,210,719	$-734,656

LUTHERAN SOCIAL SERVICE OF MINNESOTA