FAITH LUTHERAN HOME (EIN 420896119) - 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

1964

Legal Domicile

Principal Officer

SCOTT HALBACH

Phone

6417325511

Tax Period

2023-01-01 to 2023-12-31

FAITH LUTHERAN HOME, founded in 1964, is a community nonprofit that reported $6.0M in total revenue in fiscal year 2023. Revenue surged 25% from the prior year, signaling strong growth momentum.

Mission

TO PROVIDE A FACILITY WHICH HAS A PLEASANT AND HOME-LIKE ATMOSPHERE AND ALSO PROVIDE AND MADE AVAILABLE AN ENRICHING PROGRAM OF SERVICES THAT APPLY TO THE NEEDS OF THE RESIDENTS.

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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 $436,482

Program Service Revenue $5,549,953

Investment Income $4,942

Other Revenue $0

TOTAL REVENUE $5,991,377

Expense Breakdown

Grants Paid $0

Salaries & Benefits $3,200,368

Fundraising Expenses $0

Program Expenses $5,401,021

Other Expenses $2,938,706

TOTAL EXPENSES $6,139,074

Year-over-Year Comparison

	2023	2022	Change
Revenue	$5,991,377	$4,777,467	+0.3%
Expenses	$6,139,074	$5,507,422	+0.1%
Net Income	$-147,697	$-729,955	-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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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

124

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

$135,463

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
LEANNA TROGE	PRESIDENT	1.00	Officer Director	$0	$0	$0
MARK PENNY	VICE PRESIDENT	1.00	Officer Director	$0	$0	$0
DALE TOBBERT	TREASURER	1.00	Officer Director	$0	$0	$0
NANCY KLEMESRUD	DIRECTOR	1.00	Director	$0	$0	$0
BOB KLEMESRUD	DIRECTOR	1.00	Director	$0	$0	$0
BONNIE BLAKE	DIRECTOR	1.00	Director	$0	$0	$0
LEROY STEWARD	DIRECTOR	1.00	Director	$0	$0	$0
CAROL MENNENGA	DIRECTOR	1.00	Director	$0	$0	$0
NORMA BRUNNER	DIRECTOR	1.00	Director	$0	$0	$0
KEN SWENSON	DIRECTOR	1.00	Director	$0	$0	$0
KELCI FARMER	DIRECTOR	1.00	Director	$0	$0	$0
JEFF ROSENBERG	DIRECTOR	1.00	Director	$0	$0	$0
SCOTT HALBACH	ADMINISTRATOR	40.00	Officer	$110,373	$25,090	$135,463

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	$5,991,377	$6,139,074	$3,796,209	$-147,697
2022	$4,777,467	$5,507,422	$3,868,400	$-729,955
2021	$5,533,666	$5,392,768	$4,614,532	$140,898
2020	$5,933,522	$6,045,461	$5,007,513	$-111,939
2019	$5,769,574	$5,463,528	$4,313,786	$306,046
2018	$4,767,913	$4,765,655	$3,919,943	$2,258

FAITH LUTHERAN HOME