Lake Region Lutheran Home Inc (EIN 450275011) - 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

1962

Legal Domicile

Principal Officer

Jon Riewer

Phone

2182912230

Tax Period

2023-10-01 to 2024-09-30

Lake Region Lutheran Home Inc, founded in 1962, is a mid-sized nonprofit that reported $14.3M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $13.5M left a modest 5% surplus.

Mission

To sponsor, encourage, promote, and advance the delivery of health care.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $14,297,007

Investment Income $25,836

Other Revenue $0

TOTAL REVENUE $14,322,843

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,849,449

Fundraising Expenses $0

Program Expenses $12,722,381

Other Expenses $5,692,304

TOTAL EXPENSES $13,541,753

Year-over-Year Comparison

	2023	2022	Change
Revenue	$14,322,843	$13,084,776	+0.1%
Expenses	$13,541,753	$14,410,237	-0.1%
Net Income	$781,090	$-1,325,461	-1.6%

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

N/A

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

$880,540

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Robert Bye	Chair	0.20	Officer Director	$0	$0	$0
Patrick Gulbranson	Vice Chair	0.20	Officer Director	$0	$0	$0
Luke Hvidston	Treasurer	0.20	Officer Director	$0	$0	$0
Vikki Johnson	Secretary (as of June 2023)	0.20	Officer Director	$0	$0	$0
Pete Seljevold	Director	0.20	Director	$0	$0	$0
Cindy Larson-Casselton	Director	0.20	Director	$0	$0	$0
Joe Halvorson	Director	0.20	Director	$0	$0	$0
Judy Lee	Director	0.20	Director	$0	$0	$0
Karla Swenson	Director	0.20	Director	$0	$0	$0
Jodee Bock	Director	0.20	Director	$0	$0	$0
Tyler Fischbach	Director	0.20	Director	$0	$0	$0
Brandon Lunak	Director	0.20	Director	$0	$0	$0
Terry Brandt	Director	0.20	Director	$0	$0	$0
Jon Riewer	President & CEO	5.00	Officer	$0	$29,707	$586,275
Darin Ohe	CFO	5.00	Officer	$0	$26,810	$294,265

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	$14,322,843	$13,541,753	$8,842,936	$781,090
2023	$13,084,776	$14,410,237	$11,051,754	$-1,325,461
2022	$16,257,793	$15,905,056	$11,403,098	$352,737
2021	$18,119,197	$15,711,433	$10,409,852	$2,407,764
2020	$16,209,686	$15,948,572	$11,445,262	$261,114
2019	$11,332,755	$11,375,922	$11,655,312	$-43,167
2018	$9,547,434	$10,181,260	$8,560,618	$-633,826

Lake Region Lutheran Home Inc