Lutheran Brethren Retirement Services Inc

EIN: 411597277 501(c)(3)

Fergus Falls, MN

Total Revenue
$7,428,228
Total Expenses
$8,976,946
Total Assets
$4,959,836
Net Assets
$-1,564,240
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
MN
Principal Officer
Leland R Rogness
Phone
2189981400
Tax Period
2024-05-01 to 2025-04-30

Lutheran Brethren Retirement Services Inc, founded in 1987, is a community nonprofit that reported $7.4M in total revenue in fiscal year 2024. Revenue decreased 17% compared to the prior year. Expenses of $9.0M exceeded revenue, resulting in a 21% operating deficit.

Mission

Nursing home and apartment rental for the elderly and disabled.

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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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $7,403,758
Investment Income $24,470
Other Revenue $0
TOTAL REVENUE $7,428,228

Expense Breakdown

Grants Paid $0
Salaries & Benefits $5,449,656
Fundraising Expenses $0
Program Expenses $7,984,023
Other Expenses $3,527,290
TOTAL EXPENSES $8,976,946

Year-over-Year Comparison

2024 2023 Change
Revenue $7,428,228 $8,939,146 -0.2%
Expenses $8,976,946 $7,592,073 +0.2%
Net Income $-1,548,718 $1,347,073 -2.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
6
Employees
170
Volunteers
6

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
5
$269,389
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
4
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Leland Rogness Chairman/President 0.80
Officer Director
$0 $0 $0
Tom Moline Vice Chairman 0.80
Officer Director
$0 $0 $0
John Austin Secretary/Treasurer 0.80
Officer Director
$0 $0 $0
Paul Larson Director 0.80
Director
$0 $0 $0
Gaylord Folder Director 0.80
Director
$0 $0 $0
Kurt Fustol Director 0.80
Director
$0 $0 $0
John Zwiers CEO (Until Dec 2024) 38.00
Officer
$0 $37,741 $190,310
Heather Hickman Executive Director (Beg Jan 2025) 50.00
Officer
$79,079 $0 $79,079
Lisa Vogel Adminstrator 50.00
Highest
$130,212 $5,208 $135,420
Amy Nelson Director of Nursing 50.00
Highest
$150,192 $14,229 $164,421
Hallie Olson RNUC Woodland May-Jun/LBRS Jul-Apr 50.00
Highest
$56,297 $31,991 $134,069
Roberta Jordahl RNUC 40.00
Highest
$100,901 $12,928 $113,829
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
2025 $7,428,228 $8,976,946 $4,959,836 $-1,548,718
2024 $8,939,146 $7,592,073 $5,322,965 $1,347,073
2023 $10,442,583 $8,570,341 $5,313,577 $1,872,242
2022 $8,961,799 $9,249,422 $3,530,379 $-287,623
2021 $11,454,942 $11,654,136 $3,850,160 $-199,194
2020 $9,715,639 $10,124,261 $4,007,686 $-408,622
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