THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC

EIN: 454856406 501(c)(3) Philanthropy & Grantmaking

FORT WAYNE, IN

Total Revenue
$5,808,844
Total Expenses
$4,194,682
Total Assets
$8,521,093
Net Assets
$8,516,684
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
IN
Principal Officer
KARL DAVIS
Phone
2602034509
Tax Period
2024-07-01 to 2025-06-30

THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA INC, founded in 2012, is a community nonprofit in the Philanthropy & Grantmaking sector that reported $5.8M in total revenue in fiscal year 2024. Revenue grew 16% year-over-year, indicating healthy expansion. The organization ran a surplus of $1.6M, a strong 28% operating margin.

Mission

THE MISSION OF THE LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF INDIANA, INC. IS TO RAISE FUNDS FROM INDIVIDUALS AND BUSINESSES AND DISTRIBUTE SCHOLARSHIP FUNDS TO ALL ELIGIBLE STUDENTS ATTENDING LUTHERAN AND OTHER CHRISTIAN SCHOOLS IN STATES SERVED BY THE LUTHERAN SGO.

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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 $5,455,807
Program Service Revenue $0
Investment Income $353,037
Other Revenue $0
TOTAL REVENUE $5,808,844

Expense Breakdown

Grants Paid $3,860,498
Salaries & Benefits $180,822
Fundraising Expenses $117,055
Program Expenses $3,934,635
Other Expenses $153,362
TOTAL EXPENSES $4,194,682

Year-over-Year Comparison

2024 2023 Change
Revenue $5,808,844 $5,004,490 +0.2%
Expenses $4,194,682 $3,283,865 +0.3%
Net Income $1,614,162 $1,720,625 -0.1%
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

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Governance

Voting Members
5
Independent Members
5
Employees
3
Volunteers
5

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
4
$69,000
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
KARL DAVIS PRESIDENT 4.50
Officer Director
$0 $0 $0
ZACH HAYDEN VICE PRESIDE 0.75
Officer Director
$0 $0 $0
ERIC TRAUNER TREASURER/SE 1.50
Officer Director
$0 $0 $0
BETH KITSON AT-LARGE MEM 1.00
Director
$0 $0 $0
MARK WEBB AT-LARGE MEM 0.75
Director
$0 $0 $0
SCOTT SCHUMACHER EXECUTIVE DI 60.00
Officer
$61,160 $7,840 $69,000
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 $5,808,844 $4,194,682 $8,521,093 $1,614,162
2024 $5,004,490 $3,283,865 $6,895,110 $1,720,625
2023 $4,923,081 $3,691,375 $5,302,946 $1,231,706
2022 $4,492,702 $3,790,907 $3,928,427 $701,795
2021 $3,393,939 $2,798,209 $3,247,279 $595,730
2020 $2,953,207 $2,896,191 $2,653,068 $57,016
2019 $2,793,578 $2,583,345 $2,620,262 $210,233
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