LUTHERAN SERVICES IN IOWA CHARITAB… - Form 990 Financial Data

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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

1984

Legal Domicile

Principal Officer

RENEE HARDMAN

Phone

5159717402

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN SERVICES IN IOWA CHARITABLE FOUNDATION INC, founded in 1984, is a community nonprofit in the Human Services sector that reported $1.4M in total revenue in fiscal year 2023. Revenue surged 325% from the prior year, signaling strong growth momentum. The organization ran a surplus of $592K, a strong 42% operating margin.

Mission

THE MISSION OF LUTHERAN SERVICES IN IOWA CHARITABLE FOUNDATION, INC. (LSI FND) IS TO ACCEPT GIFTS FROM BEQUESTS, LIFE INSURANCE, AND OTHER RESTRICTED DONATIONS. THESE FUNDS ARE INVESTED BY LSI FND'S BOARD OF DIRECTORS WITH THE INVESTMENT EARNINGS USED FOR PERPETUAL FINANCIAL SUPPORT OF LSI IN PROVIDING SOCIAL MINISTRY SERVICES. THE MISSION STATEMENT OF LSI IS: LUTHERAN SERVICES IN IOWA RESPONDS TO THE LOVE OF JESUS CHRIST THROUGH COMPASSIONATE SERVICE.

Program Service Accomplishments

Program 1

Expenses: $635,251 Revenue: $0

PROVIDED FINANCIAL SUPPORT TO LSI AND THROUGH THAT FINANCIAL SUPPORT ASSIST LSI WITH ITS PURPOSE OF PROVIDING SOCIAL MINISTRY SERVICES TO CHILDREN, FAMILIES, AND OTHERS IN NEED OF SOCIAL ASSISTANCE. LSI IMPACTS THE LIVES OF THOUSANDS OF IOWANS ANNUALLY THROUGH RESIDENTIAL TREATMENT, SERVICES TO FAMILIES, EARLY CHILDHOOD PROGRAMS, ADOPTION/FOSTER CARE SERVICES, REFUGEE COMMUNITY SERVICES, AND SERVICES FOR PEOPLE WITH DISABILITIES. LSI SERVES PEOPLE OF ALL AGES, GENDERS, NATIONALITIES, RELIGIONS, ETHNICITIES AND SEXUAL ORIENTATIONS AND IS AFFILIATED WITH LUTHERAN SERVICES IN AMERICA AND THREE IOWA SYNODS OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA (ELCA).

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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 $208,681

Program Service Revenue $0

Investment Income $1,180,982

Other Revenue $6,506

TOTAL REVENUE $1,396,169

Expense Breakdown

Grants Paid $635,251

Salaries & Benefits $0

Fundraising Expenses $100,000

Program Expenses $635,251

Other Expenses $68,918

TOTAL EXPENSES $804,169

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,396,169	$328,526	+3.2%
Expenses	$804,169	$775,894	+0.0%
Net Income	$592,000	$-447,368	-2.3%

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

N/A

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

$602,708

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICKLEFS STEVE	CHAIR	0.50	Officer Director	$0	$0	$0
FOLDEN DENNIS	VICE CHAIR	0.50	Officer Director	$0	$0	$0
HOLMQUIST MARK	SECRETARY	0.50	Officer Director	$0	$0	$0
AKERBERG CLINTON	DIRECTOR	0.30	Director	$0	$0	$0
BANTZ JOE	DIRECTOR	0.30	Director	$0	$0	$0
BYL MIKE	DIRECTOR	0.30	Director	$0	$0	$0
CHRISTENSEN TONY	DIRECTOR	0.30	Director	$0	$0	$0
EKHARDT REV BILL	DIRECTOR	0.30	Director	$0	$0	$0
FERGUS KATIE	DIRECTOR	0.30	Director	$0	$0	$0
HALAAS BISHOP LORNA	DIRECTOR	0.30	Director	$0	$0	$0
HAMILTON SCOTT	DIRECTOR	0.30	Director	$0	$0	$0
HULTGREN DAVID	DIRECTOR	0.30	Director	$0	$0	$0
MONGAN JODI	DIRECTOR	0.30	Director	$0	$0	$0
PATTERSON KLINTON	DIRECTOR	0.30	Director	$0	$0	$0
ZELLMER DARLA	DIRECTOR	0.30	Director	$0	$0	$0
TWARDOS JOHN	PRESIDENT/CEO THRU MARCH 2023	1.00	Officer	$0	$12,979	$256,809
KNIEF RONI	CFO	1.00	Officer	$0	$8,820	$125,425
DEAN DANIEL	INTERIM PRESIDENT/CEO	1.00	Officer	$0	$14,646	$220,474

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	$1,396,169	$804,169	$9,840,533	$592,000
2022	$328,526	$775,894	$9,153,111	$-447,368
2021	$908,079	$720,061	$11,372,979	$188,018
2020	$556,829	$730,934	$10,318,957	$-174,105
2019	$1,012,286	$1,750,115	$9,897,050	$-737,829
2018	$635,495	$1,730,869	$9,496,458	$-1,095,374

LUTHERAN SERVICES IN IOWA CHARITABLE FOUNDATION INC