Lutheran Home of the Good Shepherd Inc

EIN: 450277267 501(c)(3) Health Care

New Rockford, ND

Total Revenue
$7,656,103
Total Expenses
$7,478,662
Total Assets
$13,434,444
Net Assets
$9,258,076
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1958
Legal Domicile
ND
Principal Officer
Kim Droske
Phone
7019472944
Tax Period
2023-07-01 to 2024-06-30

Lutheran Home of the Good Shepherd Inc, founded in 1958, is a community nonprofit in the Health Care sector that reported $7.7M in total revenue in fiscal year 2023. Revenue decreased 18% compared to the prior year.

Mission

Nursing facility attending to the residential, health, social and other needs of the elderly and their families in New Rockford, ND.

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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 (2023)

Revenue Breakdown

Contributions & Grants $135,084
Program Service Revenue $7,409,914
Investment Income $111,105
Other Revenue $0
TOTAL REVENUE $7,656,103

Expense Breakdown

Grants Paid $0
Salaries & Benefits $4,263,492
Fundraising Expenses $0
Program Expenses $6,289,228
Other Expenses $3,215,170
TOTAL EXPENSES $7,478,662

Year-over-Year Comparison

2023 2022 Change
Revenue $7,656,103 $9,340,387 -0.2%
Expenses $7,478,662 $7,635,538 0.0%
Net Income $177,441 $1,704,849 -0.9%
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

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
118
Volunteers
6

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
6
$180,085
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Kathleen O'Conner President 3.00
Officer Director
$0 $0 $0
Kurt Bollingberg Vice President 3.00
Officer Director
$0 $0 $0
Mindy Rau Secretary 3.00
Officer Director
$0 $0 $0
Reed Ystaas Treasurer 3.00
Officer Director
$0 $0 $0
Liza Ystaas Director 2.50
Director
$0 $0 $0
Karen Anderson Director 2.50
Director
$0 $0 $0
Richard Rau Director 2.50
Director
$0 $0 $0
Dianne Allmaras Director 2.50
Director
$0 $0 $0
Lona Lutz Director 2.50
Director
$0 $0 $0
Jeff Labrensz Director (July-Oct) 2.50
Director
$0 $0 $0
Kim Droske Administrator 40.00
Officer
$110,734 $19,424 $130,158
Tressa Lesmeister Accountant 36.00
Officer
$48,074 $1,853 $49,927
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 No data No data No data No data
2024 $7,656,103 $7,478,662 $13,434,444 $177,441
2023 $9,340,387 $7,635,538 $12,938,340 $1,704,849
2022 $7,285,797 $6,781,732 $11,199,931 $504,065
2021 $8,354,989 $7,079,296 $11,622,773 $1,275,693
2020 $6,618,501 $6,794,791 $11,086,265 $-176,290
2019 $6,300,918 $6,802,650 $10,444,462 $-501,732
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