STRAWBERRY POINT LUTHERAN HOME FOR THE AGED (EIN 420810175) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1940

Legal Domicile

Principal Officer

KRIS MORAREND

Phone

5639336037

Tax Period

2024-01-01 to 2024-12-31

STRAWBERRY POINT LUTHERAN HOME FOR THE AGED, founded in 1940, is a community nonprofit that reported $2.3M in total revenue in fiscal year 2024. Expenses of $2.6M exceeded revenue, resulting in a 14% operating deficit.

Mission

WE ARE A NON-PROFIT, MULTI-LEVEL CARE FACILITY AND RETIREMENT COMPLEX AFFILIATED WITH THE EVANGELICAL LUTHERAN CHURCH IN AMERICA AND FOUNDED TO CARRY OUT THE MISSION OF JESUS CHRIST BY PROVIDING, WITHOUT DISCRIMINATION, "A PLACE TO LIVE" IN A CHRISTIAN HOME-LIKE ENVIRONMENT.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $10,321

Program Service Revenue $1,965,520

Investment Income $331,144

Other Revenue $0

TOTAL REVENUE $2,306,985

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,337,013

Fundraising Expenses $0

Program Expenses $2,326,168

Other Expenses $1,298,920

TOTAL EXPENSES $2,635,933

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,306,985	$2,260,874	+0.0%
Expenses	$2,635,933	$2,529,245	+0.0%
Net Income	$-328,948	$-268,371	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

103

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

$100,822

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KRIS MORAREND	PRESIDENT	1.00	Officer Director	$0	$0	$0
TERRI GOULD	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
GAIL OLSON	SECRETARY	1.00	Officer Director	$0	$0	$0
ROGER SWALES	TREASURER	1.00	Officer	$0	$0	$0
DENNIS HAPPEL	DIRECTOR	1.00	Director	$0	$0	$0
ARLETTE SCHNEIDER	DIRECTOR	1.00	Director	$0	$0	$0
CHRIS SCHLEE	DIRECTOR	1.00	Director	$0	$0	$0
AMBER CONDUFF	EXECUTIVE DI	40.00	Officer	$95,059	$5,763	$100,822

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	$2,306,985	$2,635,933	$11,035,403	$-328,948
2023	$2,260,874	$2,529,245	$10,534,345	$-268,371
2022	$2,445,702	$2,251,199	$9,642,006	$194,503
2021	$2,539,594	$2,628,866	$10,913,335	$-89,272
2020	$2,415,829	$2,129,230	$10,658,120	$286,599
2019	$3,576,579	$4,460,834	$9,712,445	$-884,255
2018	$10,015,094	$4,187,416	$10,190,949	$5,827,678

STRAWBERRY POINT LUTHERAN HOME FOR THE AGED