THE COLE COUNTY LUTHERAN HOME ASSOCIATION

EIN: 431147326 501(c)(3)

ST LOUIS, MO

Total Revenue
$19,809,771
Total Expenses
$8,827,777
Total Assets
N/A
Net Assets
N/A
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
MO
Principal Officer
ADAM MARLES
Phone
3149689313
Tax Period
2022-01-01 to 2022-12-31

THE COLE COUNTY LUTHERAN HOME ASSOCIATION, founded in 1971, is a mid-sized nonprofit that reported $19.8M in total revenue in fiscal year 2022. Revenue surged 82% from the prior year, signaling strong growth momentum. The organization ran a surplus of $11.0M, a strong 55% operating margin.

Mission

TO ADDRESS AND MEET THE NEEDS OF AGED PERSONS, INCLUDING HOUSING, HEALTHCARE, AND FINANCIAL SECURITY.

Program Service Accomplishments

Program 1
Expenses: $7,350,735 Revenue: $8,078,154

OPERATION OF A LIFE PLAN COMMUNITY THAT OFFERS A CONTINUUM OF CARE THAT INCLUDES 65 INDEPENDENT LIVING APARTMENTS AND 46 ASSISTED LIVING UNITS, 20 ASSISTED LIVING MEMORY CARE UNITS AND 52 SKILLED...

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OPERATION OF A LIFE PLAN COMMUNITY THAT OFFERS A CONTINUUM OF CARE THAT INCLUDES 65 INDEPENDENT LIVING APARTMENTS AND 46 ASSISTED LIVING UNITS, 20 ASSISTED LIVING MEMORY CARE UNITS AND 52 SKILLED NURSING BEDS, WHICH INCLUDE 20 MEDICAID CERTIFIED BEDS.BENEVOLENT CARE ASSISTANCE IS ALSO PROVIDED, WHICH INCLUDES MEDICAID CONTRACTUAL ALLOWANCES. TOTAL BENEVOLENT CARE ASSISTANCE PROVIDED WAS $745,384 , OF WHICH $745,384 IS OFFSETTING PROGRAM SERVICE REVENUE.THE ORGANIZATION'S RESIDENTIAL FACILITIES AND PROGRAMS ARE SPECIFICALLY DESIGNED TO MEET AND MAINTAIN ITS AGED RESIDENTS PHYSICAL AND EMOTIONAL WELL-BEING, AS WELL AS MEET THEIR RECREATIONAL, SOCIAL, AND RELIGIOUS NEEDS.THE ORGANIZATION PROVIDES CARE TO RESIDENTS AND CLIENTS WHO MEET CERTAIN CRITERIA UNDER ITS FINANCIAL ASSISTANCE POLICY WITHOUT CHARGE. KEY ELEMENTS USED TO DETERMINE ELIGIBILITY INCLUDE VERIFICATION OF FINANCIAL NEED AND PROPER DISCLOSURE UPON ADMISSION. LUTHERAN SENIOR SERVICES ALSO PROVIDES CARE TO RESIDENTS UNDER THE MEDICAID PROGRAM FOR WHICH THE COSTS TO PROVIDE SUCH CARE EXCEEDS REIMBURSEMENT. THE ORGANIZATION FUNDS THIS DIFFERENCE THROUGH ITS OPERATIONS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $2,542,592
Program Service Revenue $8,078,154
Investment Income $9,082,027
Other Revenue $106,998
TOTAL REVENUE $19,809,771

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,721,178
Fundraising Expenses $0
Program Expenses $7,350,735
Other Expenses $4,106,599
TOTAL EXPENSES $8,827,777

Year-over-Year Comparison

2022 2021 Change
Revenue $19,809,771 $10,883,270 +0.8%
Expenses $8,827,777 $11,167,512 -0.2%
Net Income $10,981,994 $-284,242 -39.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
332
Volunteers
26

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
17
$3,207,160
Total Directors
12
$465,932
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BRIAN C WITTLE BOARD MEMBER 1.00
Director
$0 $0 $0
DAVID T TURNER BOARD MEMBER 1.00
Director
$0 $0 $0
JANELLE F SCHULTE BOARD MEMBER 1.00
Director
$0 $0 $0
RANDY M MORROW TREASURER 1.00
Officer Director
$0 $0 $0
JIM L MARBERRY SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN C KOLB BOARD MEMBER 1.00
Director
$0 $0 $0
JOSHUA KETELSEN BOARD MEMBER 1.00
Director
$0 $0 $0
ADAM MARLES PRESIDENT/CEO 1.00
Officer Director
$0 $30,824 $465,932
GARY L KESPOHL VICE CHAIR 1.00
Officer Director
$0 $0 $0
MARVIN HEIDBREDER BOARD MEMBER 1.00
Director
$0 $0 $0
JAMES L HARMS BOARD MEMBER 1.00
Director
$0 $0 $0
NORMAN R GEPHARDT BOARD MEMBER 1.00
Director
$0 $0 $0
CHAD SNEED CHIEF FINANCIAL OFFICER 1.00
Officer
$0 $34,816 $344,736
MARYANNE WALLACE EX DIR OF MARKETING & COMMUNICATION 1.00
Officer
$0 $22,473 $144,545
BECKY ZIMMER EX DIR OF PLANNED GIVING 1.00
Officer
$0 $4,794 $134,525
JOSH KING VP OF INFORMATION TECHNOLOGY 1.00
Officer
$0 $32,909 $207,205
BRIAN REINHOLD VP OF RISK/SAFETY/COMPLIANCE 1.00
Officer
$0 $33,711 $201,293
BEN CAFFEY EX DIR OF REVENUE ENHANCEMENT 1.00
Officer
$0 $17,279 $170,155
LISA WILLIAMS SR VP OF WORKFORCE EXCELLENCE 1.00
Officer
$0 $8,785 $224,081
COLLEEN BOTTENS VP HCBS 1.00
Officer
$0 $29,494 $209,618
BETH RUSERT CHIEF EXPERIENCE OFFICER 1.00
Officer
$0 $654 $72,176
LISA NORWINE CHIEF ADVANCEMENT OFFICER 1.00
Officer
$0 $29,156 $325,052
GARRY ANDERSON CHIEF OPERATING OFFICER 1.00
Officer
$0 $28,172 $359,350
VALERIE COOPER VP, LIFE PLAN COMMUNITIES 1.00
Officer
$0 $29,657 $226,006
ASHLEY DREWEL ED AND CC ADMINISTRATOR 40.00
Officer
$0 $6,892 $122,486
AMY THOMAS CONTROLLER 1.00
Highest
$0 $7,284 $161,184
MARY HEMPHILL RN 1.00
Highest
$0 $12,538 $176,722
TODD YOUNG NETWORK DIRECTOR 1.00
Highest
$0 $6,116 $158,260
RACHEL LITTLE DIR OF CLINICAL COMPLIANCE 1.00
Highest
$0 $9,649 $165,657
DENIS THIEN DIR OF BENEFITS & COMPENSATION 1.00
Highest
$0 $13,269 $151,084
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
2022 $19,809,771 $8,827,777 No data $10,981,994
2021 $10,883,270 $11,167,512 $13,931,659 $-284,242
2020 $10,559,474 $11,436,422 $14,350,362 $-876,948
2019 $9,868,485 $10,589,156 $15,350,337 $-720,671
2018 $9,127,410 $10,614,868 $16,358,926 $-1,487,458
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