LUTHER COLLEGE

EIN: 420680466 501(c)(3) Education

DECORAH, IA

Total Revenue
$120,773,398
Total Expenses
$118,523,384
Total Assets
$343,571,141
Net Assets
$304,306,965
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Financial Trends

Organization Details

Formation Year
1865
Legal Domicile
IA
Principal Officer
BRADLEY M CHAMBERLAIN
Phone
5633871015
Tax Period
2024-06-01 to 2025-05-31

LUTHER COLLEGE, founded in 1865, is a major nonprofit in the Education sector that reported $120.8M in total revenue in fiscal year 2024. Revenue decreased 9% compared to the prior year. Net assets of $304.3M represent 30 months of operating reserves.

Mission

FOUNDED BY THE NORWEGIAN EVANGELICAL LUTHERAN CHURCH IN 1861, LUTHER COLLEGE IS A FOUR-YEAR, RESIDENTIAL LIBERAL ARTS INSTITUTION. LUTHER WELCOMES STUDENTS OF ALL BACKGROUNDS TO ENGAGE IN A WAY OF LEARNING THAT MOVES BEYOND IMMEDIATE INTERESTS AND ENCOURAGES STUDENTS TO BUILD A LIFE OF CONSEQUENCE. AT THE HEART OF A LUTHER EDUCATION IS AN UNDERSTANDING OF THE WAY FAITH AND LEARNING INTERSECT AND IN TURN CONNECT STUDENTS TO THE LARGER WORLD. LUTHER OFFERS MORE THAN 80 MAJORS, MINORS, AND PREPROFESSIONAL PROGRAMS.

Program Service Accomplishments

Program 1
Expenses: $74,519,245 Revenue: $70,093,338

INSTRUCTION: LUTHER OFFERS 42 MAJORS, 42 MINORS AND INTERDISCIPLINARY MINORS, AND 4 PREPROFESSIONAL AND SPECIFIC PROGRAMS. LUTHER'S SIGNATURE PAIDEIA PROGRAM, AN INTERDISCIPLINARY COURSE SERIES...

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INSTRUCTION: LUTHER OFFERS 42 MAJORS, 42 MINORS AND INTERDISCIPLINARY MINORS, AND 4 PREPROFESSIONAL AND SPECIFIC PROGRAMS. LUTHER'S SIGNATURE PAIDEIA PROGRAM, AN INTERDISCIPLINARY COURSE SERIES OFFERED FOR MORE THAN 47 YEARS, HELPS INTEGRATE LEARNING AND BUILDS COMMUNITY THROUGH SHARED ACADEMIC EXPERIENCE. THE COLLEGE'S MUSIC PROGRAM, IN WHICH STUDENTS TRAIN IN PERFORMANCE, CONDUCTING, COMPOSITION, AND EDUCATION, HAS FIVE CHOIRS, TWO BANDS, THREE ORCHESTRAS AND TWO JAZZ BANDS, MANY OF WHICH TOUR NATIONALLY AND INTERNATIONALLY. A VIBRANT OFF-CAMPUS STUDENT PROGRAM DRAWS APPROXIMATELY 66% OF STUDENTS TO STUDY ABROAD PRIOR TO GRADUATION. LUTHER HAS 142 FULL-TIME FACULTY (APPROXIMATLY 92 PERCENT WITH A TERMINAL DEGREE) AND A 9.3:1 STUDENT-FACULTY RATIO. TOTAL ENROLLMENT WAS 1,369 FTE STUDENTS IN THE FALL OF 2024. 354 STUDENTS GRADUATED IN THE 2024-25 ACADEMIC YEAR.

Program 2
Expenses: $17,653,789 Revenue: $1,900,718

ACADEMIC SUPPORT AND STUDENT SERVICES: THE CENTER FOR ACADEMIC ENRICHMENT PROVIDES SERVICES, BASED ON BEST PRACTICES IN LEARNING ASSISTANCE, INCLUDING NEEDS ASSESSMENT, STUDENT-TO-STUDENT TUTORING...

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ACADEMIC SUPPORT AND STUDENT SERVICES: THE CENTER FOR ACADEMIC ENRICHMENT PROVIDES SERVICES, BASED ON BEST PRACTICES IN LEARNING ASSISTANCE, INCLUDING NEEDS ASSESSMENT, STUDENT-TO-STUDENT TUTORING, AND ONE-ON-ONE INSTRUCTION WITH PROFESSIONAL STAFF. IN COLLABORATION WITH FACULTY AND OTHER STAFF, CAE COORDINATES SPECIALIZED SERVICES FOR STUDENTS WITH DISABILITIES, MANAGES THE ACADEMIC ALERT SYSTEM, AND SUPPORTS INITIATIVES OF THE ADVISING PROGRAM. ACADEMIC ADVISING IS DONE BY FACULTY. RESEARCH AND TECHNOLOGY SUPPORT ARE PROVIDED THROUGH AN EXTENSIVE LIBRARY PROGRAM. THE COLLEGE HAS MORE THAN 100 STUDENT ORGANIZATIONS ALONG WITH COLLEGE MINISTRIES, HEALTH SERVICES, AND RECREATION AND WELLNESS PROGRAMS. APPROXIMATELY 70% OF STUDENTS ARE ENGAGED IN WORK STUDY TO SERVE THE LUTHER COMMUNITY, GAIN IMPORTANT WORK EXPERIENCE, AND EARN MONEY TOWARD EXPENSES.

Program 3
Expenses: $12,673,212 Revenue: $15,741,335

AUXILIARY ENTERPRISES: LUTHER COLLEGE MAINTAINS A RURAL RESIDENTIAL CAMPUS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENT BODY WITH ROOM AND BOARD PROGRAMS DESIGNED TO ENCOURAGE A SPIRIT OF...

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AUXILIARY ENTERPRISES: LUTHER COLLEGE MAINTAINS A RURAL RESIDENTIAL CAMPUS TO ENHANCE THE EDUCATIONAL EXPERIENCE OF THE STUDENT BODY WITH ROOM AND BOARD PROGRAMS DESIGNED TO ENCOURAGE A SPIRIT OF COLLEGIALITY AND CONVERSATION BEYOND THE CLASSROOM AND LABORATORY. IN FALL 2024, LUTHER'S RESIDENCE HALLS HOUSED 1,310 STUDENTS OR 96% OF TOTAL FALL ENROLLMENT. 1,206 STUDENTS USED THE COLLEGE'S DINING SERVICE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $20,682,450
Program Service Revenue $87,735,391
Investment Income $10,623,564
Other Revenue $1,731,993
TOTAL REVENUE $120,773,398

Expense Breakdown

Grants Paid $49,739,918
Salaries & Benefits $38,202,221
Fundraising Expenses $3,599,736
Program Expenses $105,395,247
Other Expenses $30,581,245
TOTAL EXPENSES $118,523,384

Year-over-Year Comparison

2024 2023 Change
Revenue $120,773,398 $132,162,013 -0.1%
Expenses $118,523,384 $118,148,324 +0.0%
Net Income $2,250,014 $14,013,689 -0.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
23
Independent Members
22
Employees
1794
Volunteers
409

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
12
$1,821,467
Total Directors
23
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
J ROBERT PAULSON JR CHAIRPERSON 5.00
Officer Director
$0 $0 $0
SHANNON DUVAL VICE CHAIRPERSON 5.00
Officer Director
$0 $0 $0
ANN LEON SECRETARY 5.00
Officer Director
$0 $0 $0
JEFFERY ANDERSON REGENT 5.00
Director
$0 $0 $0
MICHAEL J ANDERSON REGENT 5.00
Director
$0 $0 $0
BRENT ASPLIN REGENT 5.00
Director
$0 $0 $0
KELLY BIRKENHOLZ REGENT 5.00
Director
$0 $0 $0
WILLIE DAVISMCKENNIE REGENT 5.00
Director
$0 $0 $0
PETER ESPINOSA REGENT 5.00
Director
$0 $0 $0
CHRIS GADE REGENT 5.00
Director
$0 $0 $0
KATHERINE JOHNSON-BECKLIN REGENT 5.00
Director
$0 $0 $0
SANDEE JOPPA REGENT 5.00
Director
$0 $0 $0
DR MARK V LARSON REGENT 5.00
Director
$0 $0 $0
FELIX MALPICA REGENT 5.00
Director
$0 $0 $0
BRADLEY MILLER REGENT 5.00
Director
$0 $0 $0
MICHAEL OSTERHOLM REGENT 5.00
Director
$0 $0 $0
CONNIE PLAEHN REGENT 5.00
Director
$0 $0 $0
ALESSANDRO RANIOLO REGENT 5.00
Director
$0 $0 $0
COREY SCHMIDT REGENT 5.00
Director
$0 $0 $0
ANJELA SHUTTS REGENT 5.00
Director
$0 $0 $0
JAMES A THOMSEN JR REGENT 5.00
Director
$0 $0 $0
LEAH VRIESMAN REGENT 5.00
Director
$0 $0 $0
JAMES YOUNG REGENT 5.00
Director
$0 $0 $0
JENIFER K WARD PRESIDENT - OUTGOING 45.00
Officer
$413,659 $61,363 $475,022
BRADLEY CHAMBERLAIN PRESIDENT 45.00
Officer
$201,209 $83,023 $284,232
MARY DUVALL VP FOR DEVELOPMENT 45.00
Officer
$160,673 $45,307 $205,980
WILLIAM SMITH VP FOR COMMUNICATION 45.00
Officer
$155,061 $26,186 $181,247
KAREN HUNT VP FOR ENROLLMENT MGT - OUTGOING 45.00
Officer
$152,407 $8,079 $160,486
ROBERT CLAY CHIEF EQUITY INCLUSION OFC. AND ASST. 45.00
Officer
$137,730 $16,828 $154,558
MATT BEATY VP FOR ENROLLMENT MANAGEMENT 45.00
Officer
$102,055 $32,448 $134,503
PATTI HETRICK VP FOR FINANCE & ADMINISTRATION 45.00
Officer
$114,129 $14,211 $128,340
JEFF WILKERSON INTERIM PROVOST 45.00
Officer
$83,631 $13,468 $97,099
DAVID MITCHELL ASSISTANT PROF OF MATHMATICS & HEAD WRESTLING COACH 45.00
Highest
$153,084 $64,026 $217,110
ANDREW BAILEY VP FOR FINANCE AND ADMIN. 45.00
Highest
$111,703 $42,802 $154,505
ROBIN CURREY ASSOC PROVOST & DEAN OF ACADEMIC AFFAIRS 45.00
Highest
$115,173 $30,519 $145,692
RICHARD BERNATZ REGISTRAR 45.00
Highest
$119,936 $15,378 $135,314
LAURA BARLAMENT EXEC DIRECT OF STRATEGIC MARKETING 45.00
Highest
$107,617 $18,734 $126,351
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 $120,773,398 $118,523,384 $343,571,141 $2,250,014
2024 $132,162,013 $118,148,324 $326,653,053 $14,013,689
2023 $113,226,481 $120,386,714 $305,906,835 $-7,160,233
2022 $119,959,066 $119,535,194 $317,463,557 $423,872
2021 $125,968,312 $116,831,135 $330,055,480 $9,137,177
2020 $123,520,374 $124,786,418 $291,863,327 $-1,266,044
2019 $127,515,668 $125,283,351 $295,130,912 $2,232,317
2018 $120,137,738 $123,149,226 $299,231,197 $-3,011,488
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