The Lutheran Home for the Aged (EIN 430897411) - 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

1967

Legal Domicile

Phone

5733350158

Tax Period

2024-01-01 to 2024-12-31

The Lutheran Home for the Aged, founded in 1967, is a mid-sized nonprofit that reported $27.7M in total revenue in fiscal year 2024. Expenses of $26.3M left a modest 5% surplus.

Mission

THE ORGANIZATION OFFERS A FULL CONTINUUM OF CARE FOR THE ELDERLY. INCLUDING INDEPENDENT LIVING, ASSISTED LIVING, SKILLED NURSING, HOME HEALTH AND HOSPICE.

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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 (2024)

Revenue Breakdown

Contributions & Grants $12,716

Program Service Revenue $27,397,857

Investment Income $277,834

Other Revenue $0

TOTAL REVENUE $27,688,407

Expense Breakdown

Grants Paid $0

Salaries & Benefits $18,443,459

Fundraising Expenses $0

Program Expenses $23,394,729

Other Expenses $7,832,792

TOTAL EXPENSES $26,276,251

Year-over-Year Comparison

	2024	2023	Change
Revenue	$27,688,407	$29,059,898	0.0%
Expenses	$26,276,251	$25,563,627	+0.0%
Net Income	$1,412,156	$3,496,271	-0.6%

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

597

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

$310,706

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRENT PRESSER	PRESIDENT (START 3/2024)	1.0	Officer Director	$0	$0	$0
DUSTIN WELKER	SECRETARY (START 3/2024)	1.0	Officer Director	$0	$0	$0
HAROLD HALE	TREASURER	1.0	Officer Director	$0	$0	$0
MARK KASTEN	VICE PRESIDENT (START 3/2024)	1.0	Officer Director	$0	$0	$0
REX MEYR	PRESIDENT (THROUGH 2/2024)	1.0	Officer Director	$0	$0	$0
CINDY LICHTENEGGER	BOARD MEMBER (THROUGH 2/2024)	1.0	Director	$0	$0	$0
DEENA RING	BOARD MEMBER	1.0	Director	$0	$0	$0
DR JENNIFER EICHHORN	BOARD MEMBER (START 3/2024)	1.0	Director	$0	$0	$0
JOHN FREEZE	BOARD MEMBER (THROUGH 2/2024)	1.0	Director	$0	$0	$0
MATT PALISCH	BOARD MEMBER (START 3/2024)	1.0	Director	$0	$0	$0
RANDY RESSEL	BOARD MEMBER (THROUGH 10/2024)	1.0	Director	$0	$0	$0
STEVE SCHNEIDER	BOARD MEMBER (THROUGH 5/2024)	1.0	Director	$0	$0	$0
TODD MARCHI	BOARD MEMBER (START 6/2024)	1.0	Director	$0	$0	$0
VICKI FRANK	BOARD MEMBER (START 3/2024)	1.0	Director	$0	$0	$0
JACKIE PAYNE	CFO	40.0	Officer	$139,800	$15,311	$155,111
TERESA BROWN	COO	40.0	Officer	$140,821	$14,774	$155,595
CARRIE DRAKE	DIRECTOR OF CLINICAL SERVICES	40.0	Highest	$116,101	$13,806	$129,907
CHRISTINA MARGRABE	DIRECTOR OF HOSPICE	40.0	Highest	$105,691	$26,698	$132,389
LAURYN HECHT	ASSISTANT DIRECTOR OF NURSING	40.0	Highest	$105,324	$19,259	$124,583

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	$27,688,407	$26,276,251	$32,789,932	$1,412,156
2023	$29,025,818	$25,563,626	$30,709,208	$3,462,192
2022	$22,322,398	$24,647,053	$25,388,141	$-2,324,655
2021	$21,294,278	$23,024,052	$28,306,826	$-1,729,774
2020	$27,220,267	$24,361,784	$30,227,264	$2,858,483
2019	$20,318,101	$21,111,586	$27,213,309	$-793,485
2018	$19,560,477	$21,138,500	$27,468,257	$-1,578,023

The Lutheran Home for the Aged