LUTHER SEMINARY FOUNDATION (EIN 411746301) - 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

1991

Legal Domicile

Principal Officer

ROBIN STEINKE

Phone

6516413456

Tax Period

2024-07-01 to 2025-06-30

LUTHER SEMINARY FOUNDATION, founded in 1991, is a community nonprofit that reported $1.9M in total revenue in fiscal year 2024. Revenue surged 81% from the prior year, signaling strong growth momentum. The organization ran a surplus of $510K, a strong 26% operating margin.

Mission

TO ASSIST LUTHER SEMINARY IN ITS GENERAL FUNDRAISING ACTIVITIES FOR THE BENEFIT OF THE SEMINARY.

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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 $227,355

Program Service Revenue $0

Investment Income $1,715,728

Other Revenue $0

TOTAL REVENUE $1,943,083

Expense Breakdown

Grants Paid $1,221,907

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,221,907

Other Expenses $211,586

TOTAL EXPENSES $1,433,493

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,943,083	$1,073,832	+0.8%
Expenses	$1,433,493	$1,153,521	+0.2%
Net Income	$509,590	$-79,689	-7.4%

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

N/A

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

$732,744

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID RUTLEN	CHAIR	2.00	Director	$0	$0	$0
LADD BJORNEBY	VICE CHAIR	2.00	Director	$0	$0	$0
DEAN GRUNER	SECRETARY	2.00	Director	$0	$0	$0
ROBIN STEINKE	PRESIDENT	2.00	Officer	$0	$161,411	$300,502
HEIDI DROEGMUELLER	EXECUTIVE DIRECTOR	20.00	Officer	$0	$53,321	$249,488
JOHN COSKRAN	CFO	0.80	Officer	$0	$0	$0
MATTHEW SCHUTZ	TREASURER/ASSOC. VP & CONTROLLER	2.00	Officer	$0	$34,936	$182,754

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	$1,943,083	$1,433,493	$40,273,200	$509,590
2024	$1,073,832	$1,153,521	$37,473,007	$-79,689
2023	$1,112,908	$1,270,040	$33,424,619	$-157,132
2022	$1,076,535	$1,062,879	$31,576,918	$13,656
2021	$6,454,458	$930,399	$37,471,926	$5,524,059
2020	$-301,315	$900,602	$30,518,257	$-1,201,917
2019	$3,357,148	$636,827	$30,919,370	$2,720,321

LUTHER SEMINARY FOUNDATION