LUTHER HAVEN (EIN 410977369) - 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

1971

Legal Domicile

Principal Officer

JUSTIN HUGHES

Phone

3202696517

Tax Period

2024-01-01 to 2024-12-31

LUTHER HAVEN, founded in 1971, is a community nonprofit in the Human Services sector that reported $9.8M in total revenue in fiscal year 2024. Revenue decreased 13% compared to the prior year.

Mission

PROVIDE SERVICES TO THE ELDERLY AND DISABLED IN THE MONTEVIDEO AND THE SOUTHWEST AREA OF MINNESOTA. WE CARE FOR THE TOTAL PERSON AND PROVIDE LONG TERM CARE AND SHORT REHAB SERVICES.

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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 $273,282

Program Service Revenue $9,505,474

Investment Income $59,021

Other Revenue $3,996

TOTAL REVENUE $9,841,773

Expense Breakdown

Grants Paid $14,981

Salaries & Benefits $6,089,644

Fundraising Expenses $0

Program Expenses $9,006,553

Other Expenses $3,799,757

TOTAL EXPENSES $9,904,382

Year-over-Year Comparison

	2024	2023	Change
Revenue	$9,841,773	$11,370,518	-0.1%
Expenses	$9,904,382	$9,186,671	+0.1%
Net Income	$-62,609	$2,183,847	-1.0%

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

168

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

$227,258

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KALIN EVENSON	CHAIR (THRU 04/2024)	1.00	Officer Director	$0	$0	$0
KATHY TAMMEN	CHAIR	1.00	Officer Director	$0	$0	$0
CHUCK VIEN	VICE-CHAIR (THRU 04/2024)	1.00	Officer Director	$0	$0	$0
DIANE SACHARIASON	SECRETARY	1.00	Officer Director	$0	$0	$0
SHELLY BEDNAR	DIRECTOR	1.00	Director	$0	$0	$0
PAUL DEZEEUW	DIRECTOR	1.00	Director	$0	$0	$0
MARIE ECKBERG	DIRECTOR	1.00	Director	$0	$0	$0
JEROME FRAGODT	DIRECTOR (THRU 04/2024)	1.00	Director	$0	$0	$0
JASON KURTZBEIN	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY KVAM	DIRECTOR	1.00	Director	$0	$0	$0
DIANE LANDMARK	DIRECTOR	1.00	Director	$0	$0	$0
BRETT OPDAHL	DIRECTOR (THRU 04/2024)	1.00	Director	$0	$0	$0
GARY RILEY	DIRECTOR (THRU 12/2024)	1.00	Director	$0	$0	$0
KELLY SNELL	DIRECTOR	1.00	Director	$0	$0	$0
SUE WINTER	DIRECTOR	1.00	Director	$0	$0	$0
ANN NORDSTROM	FINANCE DIRECTOR	40.00	Officer	$93,295	$23,088	$116,383
JUSTIN HUGHES	ADMINISTRATOR	40.00	Officer	$78,133	$9,144	$87,277
TIM BYRNE	ADMINISTRATOR (THRU 02/2024)	40.00	Officer	$22,074	$1,524	$23,598
REBECCA HUGHES	NURSE MANAGER	40.00	Highest	$102,584	$2,988	$105,572
ALYCIA PLOCHER	NURSE MANAGER	40.00	Highest	$101,303	$19,894	$121,197

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	$9,841,773	$9,904,382	$8,122,381	$-62,609
2023	$11,370,518	$9,186,671	$8,129,655	$2,183,847
2022	$9,238,223	$9,028,559	$5,655,274	$209,664
2021	$7,589,536	$8,620,225	$5,663,230	$-1,030,689
2020	$9,867,816	$8,974,715	$6,741,041	$893,101
2019	$9,426,616	$8,667,373	$5,797,429	$759,243
2018	$8,825,350	$8,614,229	$4,925,611	$211,121

LUTHER HAVEN