LYNGBLOMSTEN SERVICES INC (EIN 411760448) - 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

1993

Legal Domicile

Principal Officer

JEFF HEINECKE

Phone

6516462941

Tax Period

2023-01-01 to 2023-12-31

LYNGBLOMSTEN SERVICES INC, founded in 1993, is a community nonprofit in the Human Services sector that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 163% from the prior year, signaling strong growth momentum. Expenses of $6.8M exceeded revenue, resulting in a 13% operating deficit.

Mission

INFLUENCED BY CHRIST, LYNGBLOMSTEN PROVIDES A MINISTRY OF COMPASSIONATE CARE AND INNOVATIVE SERVICES TO OLDER ADULTS IN ORDER TO PRESERVE AND ENHANCE THEIR QUALITY OF LIFE.

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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 $3,068,063

Program Service Revenue $2,784,343

Investment Income $36,554

Other Revenue $149,505

TOTAL REVENUE $6,038,465

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,838,377

Fundraising Expenses $0

Program Expenses $4,614,412

Other Expenses $4,002,099

TOTAL EXPENSES $6,840,476

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,038,465	$2,293,561	+1.6%
Expenses	$6,840,476	$1,950,839	+2.5%
Net Income	$-802,011	$342,722	-3.3%

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

102

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

$692,309

Total Directors

$339,084

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JEFF HEINECKE	PRESIDENT & CEO	6.00	Officer Director	$0	$45,659	$339,084
KIM DONAT	DIRECTOR	1.00	Director	$0	$0	$0
DEBRA GEORGE	CHAIR	1.00	Officer Director	$0	$0	$0
REV IVY HUSTON	VICE CHAIR	1.00	Officer Director	$0	$0	$0
DR MARK KNUDSON	TREASURER	1.00	Officer Director	$0	$0	$0
DIANA ROCKSTAD	SECRETARY	1.00	Officer Director	$0	$0	$0
REV MARTIN ERICSON THRU MAY 2023	SECRETARY	1.00	Officer Director	$0	$0	$0
AMY KORZENOWSKI	DIRECTOR	1.00	Director	$0	$0	$0
PAULETTE OLSON	DIRECTOR	1.00	Director	$0	$0	$0
PETER POLGA	DIRECTOR	1.00	Director	$0	$0	$0
DR MICHAEL LOVETT	DIRECTOR	1.00	Director	$0	$0	$0
JOAN BRANDT	DIRECTOR	1.00	Director	$0	$0	$0
JUSTIN BRYANT	DIRECTOR	1.00	Director	$0	$0	$0
MARY HAUCK	DIRECTOR	1.00	Director	$0	$0	$0
BRADLEY J JACOBSON THRU JUNE 23	CFO	2.00	Officer	$0	$22,015	$140,549
TODD FLIFLET	CFO (AS OF JUNE 2023)	2.00	Officer	$0	$46,268	$212,676

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	No data	No data	No data	No data
2023	$6,038,465	$6,840,476	$66,190,789	$-802,011
2022	$2,293,561	$1,950,839	$45,544,567	$342,722
2021	$4,870,331	$1,673,159	$10,432,701	$3,197,172
2020	$2,025,951	$1,733,544	$6,030,443	$292,407
2019	$5,659,954	$1,986,604	$5,809,366	$3,673,350
2018	$1,893,780	$2,041,443	$447,692	$-147,663

LYNGBLOMSTEN SERVICES INC