SALEM LUTHERAN HOME CHARITABLE FOUNDATION

EIN: 421306694 501(c)(3) Human Services

ELK HORN, IA

Total Revenue
$36,374
Total Expenses
$12,261
Total Assets
$943,636
Net Assets
$943,636
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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
1987
Legal Domicile
IA
Principal Officer
DEB BIEKER
Phone
7127644201
Tax Period
2024-01-01 to 2024-12-31

SALEM LUTHERAN HOME CHARITABLE FOUNDATION, founded in 1987, is a micro nonprofit in the Human Services sector that reported $36K in total revenue in fiscal year 2024. Revenue surged 96% from the prior year, signaling strong growth momentum. The organization ran a surplus of $24K, a strong 66% operating margin.

Mission

THE PURPOSE OF THE FOUNDATION IS TO SOLICIT AND MANAGE GIFTS OF MONEY AND/OR PROPERTY FOR THE PURPOSE OF GRANTING GIFTS TO SALEM LUTHERAN HOMES

Program Service Accomplishments

Program 1
Expenses: $2,662

THE PURPOSE OF THE FOUNDATION IS FOR CHARITABLE & RELIGIOUS PURPOSES, INCLUDING ASSISTING & BENEFITTING SALEM LUTHERAN HOMES AND OTHER LUTHERAN CHARITABLE AND RELIGIOUS CORPORATIONS IN CARRYING OUT...

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THE PURPOSE OF THE FOUNDATION IS FOR CHARITABLE & RELIGIOUS PURPOSES, INCLUDING ASSISTING & BENEFITTING SALEM LUTHERAN HOMES AND OTHER LUTHERAN CHARITABLE AND RELIGIOUS CORPORATIONS IN CARRYING OUT THEIR PURPOSES, PARTICULARLY THE PROVIDING OF CARE TO THE ELDERLY AND THE DISABLED.

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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 $1,571
Program Service Revenue $0
Investment Income $34,803
Other Revenue $0
TOTAL REVENUE $36,374

Expense Breakdown

Grants Paid $2,662
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,662
Other Expenses $9,599
TOTAL EXPENSES $12,261

Year-over-Year Comparison

2024 2023 Change
Revenue $36,374 $18,563 +1.0%
Expenses $12,261 $22,650 -0.5%
Net Income $24,113 $-4,087 -6.9%
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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
9

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
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DEB BIEKER PRESIDENT 1.00
Officer Director
$0 $0 $0
RON RASMUSSEN VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
PHIL NIELSEN TREASURER (BEG 3/2024) 1.00
Officer Director
$0 $0 $0
GERALYN CHRISTENSEN DIR (END 3/2024)/SEC (BEG 3/2024) 1.00
Officer Director
$0 $0 $0
TAMI SCHECHINGER SECRETARY/TREASURER (END 3/2024) 1.00
Officer Director
$0 $0 $0
SHAR STEEN DIRECTOR 1.00
Director
$0 $0 $0
KELI HANSEN DIRECTOR 1.00
Director
$0 $0 $0
EILEEN SORNSON DIRECTOR 1.00
Director
$0 $0 $0
SARAH KUNIK 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
2024 $36,374 $12,261 $943,636 $24,113
2023 $18,563 $22,650 $861,245 $-4,087
2022 $19,560 $73,654 $775,850 $-54,094
2021 $82,636 $22,672 $919,797 $59,964
2020 $83,377 $68,818 $840,602 $14,559
2019 $121,641 $86,000 $774,058 $35,641
2018 $27,137 $203,917 $660,180 $-176,780
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