VIRGINIA LUTHERAN HOMES HOME CARE … - Form 990 Financial Data

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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

2015

Legal Domicile

Principal Officer

CHARLES DOWNS

Phone

5405625443

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA LUTHERAN HOMES HOME CARE INC, founded in 2015, is a community nonprofit that reported $1.4M in total revenue in fiscal year 2024. Expenses of $1.7M exceeded revenue, resulting in a 18% operating deficit.

Mission

PROVIDE HIGH QUALITY NURSING AND REHAB SERVICES IN THE HOME OF RESIDENCES OF BRANDON OAKS AS WELL AS THE GREATER COMMUNITY.

Program Service Accomplishments

Program 1

Expenses: $1,678,959 Revenue: $1,432,721

PROVIDE HIGH QUALITY NURSING AND REHAB SERVICES IN THE HOME OF RESIDENCES OF BRANDON OAKS AS WELL AS THE GREATER COMMUNITY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,432,721

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,432,721

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,375,415

Fundraising Expenses $0

Program Expenses $1,678,959

Other Expenses $319,894

TOTAL EXPENSES $1,695,309

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,432,721	$1,394,826	+0.0%
Expenses	$1,695,309	$1,513,813	+0.1%
Net Income	$-262,588	$-118,987	+1.2%

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

N/A

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

$788,257

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV JAMES ARMENTROUT	CHAIR	2.00	Officer Director	$0	$0	$0
PHIL HARRIS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOHN HANNA	TREASURER	2.00	Officer Director	$0	$0	$0
REV K DAVID SKOLE	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BIRD	DIRECTOR	2.00	Director	$0	$0	$0
ALLEN BLACKWOOD JR	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE DILLARD	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA L PHELPS	DIRECTOR	2.00	Director	$0	$0	$0
LAURA SWANSON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES DOWNS JR ESQ	PRESIDENT & CEO	4.00	Officer	$0	$24,594	$343,566
JENNIFER HICKLIN	CFO	4.00	Officer	$0	$18,205	$195,058
BEN BURKS PHD	EXECUTIVE DIRECTOR/COO	4.00	Officer	$0	$20,520	$249,633

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	$1,432,721	$1,695,309	$242,276	$-262,588
2023	$1,394,826	$1,513,813	$250,924	$-118,987
2022	$1,115,894	$1,346,419	$160,336	$-230,525
2021	$1,299,782	$1,145,336	$126,740	$154,446
2020	$852,627	$974,609	$78,562	$-121,982
2019	$885,470	$957,611	$126,779	$-72,141
2018	$714,509	$704,388	$185,913	$10,121

VIRGINIA LUTHERAN HOMES HOME CARE INC