LUTHERAN RETIREMENT HOME (EIN 420807185) - 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

1956

Legal Domicile

Principal Officer

SCOTT KESSLER

Phone

6413241712

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN RETIREMENT HOME, founded in 1956, is a community nonprofit that reported $4.9M in total revenue in fiscal year 2023. Revenue surged 33% from the prior year, signaling strong growth momentum. Expenses of $5.4M exceeded revenue, resulting in a 11% operating deficit.

Mission

LUTHERAN RETIREMENT HOME IS A CHRISTIAN BASED CONTINUUM OF SERVICE ENRICHING LIVES BY PROVIDING CARE AND COMPASSION TO OUR RESIDENTS AND OUR COMMUNITIES

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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 $31,930

Program Service Revenue $4,667,381

Investment Income $145,012

Other Revenue $30,452

TOTAL REVENUE $4,874,775

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,259,257

Fundraising Expenses $0

Program Expenses $4,929,501

Other Expenses $2,134,440

TOTAL EXPENSES $5,393,697

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,874,775	$3,676,921	+0.3%
Expenses	$5,393,697	$4,811,026	+0.1%
Net Income	$-518,922	$-1,134,105	-0.5%

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

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

Volunteers

N/A

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

$20,075

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SCOTT KESSLER	ADMINISTRATI	40.00	Officer	$20,075	$0	$20,075
JERRY BRUNSVOLD	BOARD PRESID	1.50	Officer Director	$0	$0	$0
RON CHRISTIANSON	VICE PRESIDE	1.50	Officer Director	$0	$0	$0
LYNN DAVIS	TREASURER	1.50	Officer Director	$0	$0	$0
PETER JULSETH	DIRECTOR	1.50	Director	$0	$0	$0
MARI ANN KRONEMAN	DIRECTOR	1.50	Director	$0	$0	$0
CAROLYN LOFTAAS	DIRECTOR	1.50	Director	$0	$0	$0
JODY MORETZ	DIRECTOR	1.50	Director	$0	$0	$0
BRIAN NELSON	DIRECTOR	1.50	Director	$0	$0	$0
JOSH STEINBERG	DIRECTOR	1.50	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
2024	No data	No data	No data	No data
2023	$4,874,775	$5,393,697	$7,773,101	$-518,922
2022	$3,676,921	$4,811,026	$8,030,475	$-1,134,105
2021	$4,608,086	$4,570,430	$9,419,922	$37,656
2020	$4,790,105	$4,765,053	$10,185,247	$25,052
2019	$4,290,298	$4,439,528	$10,129,686	$-149,230
2018	$4,134,237	$4,446,743	$9,751,380	$-312,506

LUTHERAN RETIREMENT HOME