Lutheran Home for the Aged Association - West

EIN: 421402559 501(c)(3) Housing & Shelter

Perry, IA

Total Revenue
$14,367,863
Total Expenses
$13,400,300
Total Assets
$11,011,684
Net Assets
$1,783,063
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
IA
Phone
5154655342
Tax Period
2024-09-01 to 2025-08-31

Lutheran Home for the Aged Association - West, founded in 1999, is a mid-sized nonprofit in the Housing & Shelter sector that reported $14.4M in total revenue in fiscal year 2024. Expenses of $13.4M left a modest 7% surplus.

Mission

PROVIDING QUALITY CARE OF THE ELDERLY OR INFIRM, ESPECIALLY CUTTING EDGE CARE FOR THOSE SUFFERING FROM ALZHEIMER'S DISEASE AND OTHER DEMENTIAS AND THEIR FAMILIES AND CAREGIVERS.

Program Service Accomplishments

Program 1
Expenses: $5,711,244 Revenue: $6,606,566

THE KING'S GARDEN CAMPUS PROVIDES LONG TERM SKILLED NURSING SERVICES. THE CAMPUS OPERATES 79 MEDICARE AND MEDICAID CERTIFIED NURSING FACILITY BEDS. THE OBJECTIVE OF THE PROGRAM IS TO PROVIDE A SAFE...

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THE KING'S GARDEN CAMPUS PROVIDES LONG TERM SKILLED NURSING SERVICES. THE CAMPUS OPERATES 79 MEDICARE AND MEDICAID CERTIFIED NURSING FACILITY BEDS. THE OBJECTIVE OF THE PROGRAM IS TO PROVIDE A SAFE, SUPPORTIVE, AND COMPASSIONATE CARE ENVIRONMENT FOR RESIDENTS NEEDING SKILLED NURSING SERVICES, WHILE SUPPORTING THEIR PHYSICAL, EMOTIONAL, SOCIAL, AND SPIRITUAL WELL BEING. IN ADDITION, A LOCAL CHURCH OPERATES AN ON SITE DAYCARE WITHIN THE FACILITY THAT PROVIDES CHILDCARE SERVICES TO EMPLOYEES, CHURCH MEMBERS, AND THE SURROUNDING COMMUNITY.

Program 2
Expenses: $4,521,999 Revenue: $5,845,644

EDEN ACRES CAMPUS PROVIDES A CONTINUUM OF HOUSING AND CARE SERVICES TO OLDER ADULTS, INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING CARE. THE CAMPUS OPERATES 57 MEDICARE AND...

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EDEN ACRES CAMPUS PROVIDES A CONTINUUM OF HOUSING AND CARE SERVICES TO OLDER ADULTS, INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, AND SKILLED NURSING CARE. THE CAMPUS OPERATES 57 MEDICARE AND MEDICAID CERTIFIED BEDS, AND 20 INDEPENDENT LIVING UNITS. THE PROGRAM'S OBJECTIVE IS TO PROVIDE SAFE, MAINTENANCE FREE HOUSING, AND SUPPORTIVE SERVICES THAT PROMOTE INDEPENDENCE, DIGNITY, AND QUALITY OF LIFE.

Program 3
Expenses: $1,105,547 Revenue: $1,652,696

THE SPRING VALLEY CAMPUS PROVIDES ASSISTED LIVING SERVICES TO OLDER ADULTS WHO REQUIRE SUPPORT WITH DAILY ACTIVITIES WHILE MAINTAINING A LEVEL OF INDEPENDENCE. THE CAMPUS OPERATES 32 ASSISTED LIVING...

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THE SPRING VALLEY CAMPUS PROVIDES ASSISTED LIVING SERVICES TO OLDER ADULTS WHO REQUIRE SUPPORT WITH DAILY ACTIVITIES WHILE MAINTAINING A LEVEL OF INDEPENDENCE. THE CAMPUS OPERATES 32 ASSISTED LIVING APARTMENTS. THE OBJECTIVE OF THE PROGRAM IS TO OFFER A SECURE, SUPPORTIVE LIVING ENVIRONMENT FOR SENIORS NEEDING ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, WHILE ENABLING RESIDENTS TO AGE IN PLACE WITH DIGNITY AND TO MAINTAIN THEIR PHYSICAL, SOCIAL, AND EMOTIONAL WELL BEING WITHIN A COMMUNITY CENTERED SETTING.

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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 $160,791
Program Service Revenue $14,104,906
Investment Income $102,166
Other Revenue $0
TOTAL REVENUE $14,367,863

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,597,080
Fundraising Expenses $0
Program Expenses $11,338,790
Other Expenses $4,803,220
TOTAL EXPENSES $13,400,300

Year-over-Year Comparison

2024 2023 Change
Revenue $14,367,863 $14,152,562 +0.0%
Expenses $13,400,300 $13,433,481 0.0%
Net Income $967,563 $719,081 +0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
9
Employees
423
Volunteers
30

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
$273,519
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANN CARRICK SECRETARY/TREASURER 1.0
Officer Director
$0 $0 $0
DENNIS MARTENS VICE CHAIR BEG 10/24 1.0
Officer Director
$0 $0 $0
MARK GERKEN BOARD CHAIR BEG 10/24 1.0
Officer Director
$0 $0 $0
ALAN METZ BOARD CHAIR END & BOARD MEMBER BEG 10/24 1.0
Director
$0 $0 $0
ANITA MCVEY BOARD MEMBER BEG 10/24 1.0
Director
$0 $0 $0
COLE ADAIR BOARD MEMBER 1.0
Director
$0 $0 $0
DEB KOELLN BOARD MEMBER BEG 10/24 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
$149,165 $30,257 $179,422
REV MAX PHILLIPS CHIEF EXECUTIVE OFFICER 40.0
Officer
$83,783 $10,314 $94,097
MOLLIE CLARK DIRECTOR OF MARKETING 40.0
Highest
$133,410 $10,343 $143,753
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
2025 $14,367,863 $13,400,300 $11,011,684 $967,563
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
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