LUTHER VILLAGE III OF DOVER INC (EIN 460860848) - 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

2012

Legal Domicile

Principal Officer

KIMBERLY MENDOZA

Phone

3026741408

Tax Period

2023-07-01 to 2024-06-30

LUTHER VILLAGE III OF DOVER INC, founded in 2012, is a small nonprofit in the Housing & Shelter sector that reported $499K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $607K exceeded revenue, resulting in a 22% operating deficit.

Mission

THE ORGANIZATION OPERATES AN APARTMENT FACILITY FOR THE ELDERLY IN DOVER, DE.

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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 $15,350

Program Service Revenue $472,098

Investment Income $10,993

Other Revenue $377

TOTAL REVENUE $498,818

Expense Breakdown

Grants Paid $0

Salaries & Benefits $166,104

Fundraising Expenses $0

Program Expenses $522,175

Other Expenses $441,011

TOTAL EXPENSES $607,115

Year-over-Year Comparison

	2023	2022	Change
Revenue	$498,818	$451,532	+0.1%
Expenses	$607,115	$582,098	+0.0%
Net Income	$-108,297	$-130,566	-0.2%

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

$115,197

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HAZEL M PARTRIDGE	SECRETARY	2.00	Officer Director	$0	$0	$0
RICK MURPHY	PRESIDENT	2.00	Officer Director	$0	$0	$0
RICHARD FOSKETT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
RON MORELLA	TREASURER	2.00	Officer Director	$0	$0	$0
BARBARA IMPOLLONIA	DIRECTOR	1.00	Director	$0	$0	$0
RUTH P LYON	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR V ANNE STRICKERT	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR CHARLES RANSDELL	DIRECTOR	1.00	Director	$0	$0	$0
KIMBERLY MENDOZA	EXECUTIVE DIRECTOR	40.00	Officer	$0	$5,345	$115,197

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	$498,818	$607,115	$7,628,146	$-108,297
2023	$451,532	$582,098	$7,734,058	$-130,566
2022	$428,311	$557,136	$7,864,987	$-128,825
2021	$427,533	$542,097	$7,998,574	$-114,564
2020	$3,223,706	$598,961	$8,105,950	$2,624,745
2019	$432,637	$598,095	$8,480,905	$-165,458

LUTHER VILLAGE III OF DOVER INC