Lutheran Home for the Aged Association - West (EIN 421402559) - 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

1999

Legal Domicile

Phone

5154655342

Tax Period

2023-09-01 to 2024-08-31

Lutheran Home for the Aged Association - West, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.2M in total revenue in fiscal year 2023. Expenses of $13.4M left a modest 5% surplus.

Mission

SERVING CHRIST BY SERVING OTHERS WITH NURSING CARE, SKILLED CARE, DEMENTIA CARE, ASSISTED LIVING AND HOMECARE PROVIDED FOR THE ELDERLY AND INFIRM.

🔒

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 (2023)

Revenue Breakdown

Contributions & Grants $289,926

Program Service Revenue $13,890,597

Investment Income $-27,961

Other Revenue $0

TOTAL REVENUE $14,152,562

Expense Breakdown

Grants Paid $0

Salaries & Benefits $8,581,202

Fundraising Expenses $0

Program Expenses $11,494,162

Other Expenses $4,852,279

TOTAL EXPENSES $13,433,481

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,152,562	$14,613,259	0.0%
Expenses	$13,433,481	$12,480,572	+0.1%
Net Income	$719,081	$2,132,687	-0.7%

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

246

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

$203,196

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALAN METZ	BOARD CHAIR BEG 02/24	1.0	Officer Director	$0	$0	$0
DENNIS MARTENS	VICE CHAIR BEG 02/24	1.0	Officer Director	$0	$0	$0
ANN CARRICK	BOARD MEMBER	1.0	Director	$0	$0	$0
COLE ADAIR	BOARD MEMBER	1.0	Director	$0	$0	$0
MARK GERKEN	BOARD MEMBER	1.0	Director	$0	$0	$0
MIKE GROTHE	BOARD MEMBER	1.0	Director	$0	$0	$0
RANDALL MCCAULLEY	BOARD MEMBER	1.0	Director	$0	$0	$0
MELISSA GANNON	CHIEF OPERATING OFFICER	40.0	Officer	$130,328	$8,298	$138,626
REV MAX PHILLIPS	CHIEF EXECUTIVE OFFICER	40.0	Officer	$55,071	$9,499	$64,570
ELIZABETH PARNELL	REGISTERED NURSE	40.0	Highest	$103,592	$28,539	$132,131
MOLLIE CLARK	DIRECTOR OF MARKETING	40.0	Highest	$133,698	$9,541	$143,239

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	$14,152,562	$13,433,481	$11,356,321	$719,081
2023	$14,613,259	$12,480,572	$11,218,362	$2,132,687
2022	$10,760,760	$12,163,971	$7,477,974	$-1,403,211
2021	$10,872,743	$11,026,769	$7,806,772	$-154,026
2020	$6,706,980	$7,317,436	$3,547,832	$-610,456
2019	$5,972,928	$6,720,165	$3,156,393	$-747,237
2018	$6,399,858	$7,094,596	$3,480,724	$-694,738

Lutheran Home for the Aged Association - West