The Lutheran Home for the Aged Association-East

EIN: 420719299 501(c)(3)

Vinton, IA

Total Revenue
$16,538,923
Total Expenses
$17,012,599
Total Assets
$14,786,860
Net Assets
$7,120,159
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1980
Legal Domicile
IA
Principal Officer
Diane Gloede
Phone
3194724211
Tax Period
2024-09-01 to 2025-08-31

The Lutheran Home for the Aged Association-East, founded in 1980, is a mid-sized nonprofit that reported $16.5M in total revenue in fiscal year 2024.

Mission

The Lutheran Home for the Aged Association East (LHAA-E) is committed to providing essential services to our residents to satisfy their special housing needs and to provide quality programs designed to promote their physical, metal, social and spiritual health. We believe, consistent with our Lord's teachings, that each person is entitled to be treated with dignity, courtesy, understanding and love. It is our continuing mission to treat and provide care to our residents consistent with His teachings.

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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 $131,152
Program Service Revenue $16,155,985
Investment Income $30,177
Other Revenue $221,609
TOTAL REVENUE $16,538,923

Expense Breakdown

Grants Paid $0
Salaries & Benefits $11,284,923
Fundraising Expenses $0
Program Expenses $16,093,248
Other Expenses $5,727,676
TOTAL EXPENSES $17,012,599

Year-over-Year Comparison

2024 2023 Change
Revenue $16,538,923 $16,053,831 +0.0%
Expenses $17,012,599 $15,741,938 +0.1%
Net Income $-473,676 $311,893 -2.5%
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

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
12
Employees
409
Volunteers
20

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
$152,859
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Diane Gloede COO 40.00
Officer
$152,859 $0 $152,859
Scott Campbell Chair 1.00
Officer Director
$0 $0 $0
Ashley Hesson Director 1.00
Director
$0 $0 $0
Jerry Lindstrom Treasurer 1.00
Officer Director
$0 $0 $0
Kevin DeVries Director 1.00
Officer Director
$0 $0 $0
Rev Brian Licht Director 1.00
Director
$0 $0 $0
Rev Douglas Woltemath Director 1.00
Director
$0 $0 $0
Sue Payne Director 1.00
Director
$0 $0 $0
James Wegener Director 1.00
Director
$0 $0 $0
Dorothea Wood Secretary 1.00
Officer Director
$0 $0 $0
Dan Newton Director 1.00
Director
$0 $0 $0
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 $16,538,923 $17,012,599 $14,786,860 $-473,676
2024 $16,053,831 $15,741,938 $15,462,178 $311,893
2023 $14,341,804 $14,736,582 $15,163,471 $-394,778
2022 $13,011,239 $13,280,486 $15,716,990 $-269,247
2021 $14,237,508 $13,694,771 $15,842,670 $542,737
2020 $14,871,951 $13,765,042 $17,034,834 $1,106,909
2019 $14,199,717 $14,071,673 $14,377,115 $128,044
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