CHRISTIAN RETIREMENT HOMES

EIN: 476041813 501(c)(3)

LINCOLN, NE

Total Revenue
$15,096,060
Total Expenses
$21,799,313
Total Assets
$62,341,986
Net Assets
$-11,835,027
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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
1965
Legal Domicile
NE
Principal Officer
TORSTEN HIRCHE
Phone
4024867515
Tax Period
2023-10-01 to 2024-09-30

CHRISTIAN RETIREMENT HOMES, founded in 1965, is a mid-sized nonprofit that reported $15.1M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Expenses of $21.8M exceeded revenue, resulting in a 44% operating deficit.

Mission

TO PROVIDE CARE ACROSS THE CONTINUUM IN A RETIREMENT COMMUNITY ENVIRONMENT.

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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 $237,708
Program Service Revenue $14,338,639
Investment Income $349,518
Other Revenue $170,195
TOTAL REVENUE $15,096,060

Expense Breakdown

Grants Paid $12,125
Salaries & Benefits $8,432,543
Fundraising Expenses $0
Program Expenses $17,776,098
Other Expenses $13,354,645
TOTAL EXPENSES $21,799,313

Year-over-Year Comparison

2023 2022 Change
Revenue $15,096,060 $13,221,279 +0.1%
Expenses $21,799,313 $17,519,633 +0.2%
Net Income $-6,703,253 $-4,298,354 +0.6%
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

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Governance

Voting Members
11
Independent Members
10
Employees
368
Volunteers
10

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
$1,976,827
Total Directors
11
$1,184,579
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TORSTEN HIRCHE PRESIDENT & CEO 1.00
Officer Director
$0 $29,551 $1,184,579
MICHAEL CONNELL TREASURER & CFO 1.00
Officer
$0 $37,634 $683,447
ANDREW FISHER MHA NHA EXECUTIVE DIRECTOR 30.00
Highest
$155,970 $30,473 $186,443
MICHELE LUKE SECRETARY 1.00
Officer
$0 $9,384 $108,801
MARY WAGNER CHAIR & DIRECTOR 0.10
Officer Director
$0 $0 $0
JESSE BOND VICE CHAIR & CHAIR 0.10
Officer Director
$0 $0 $0
GREG RUSSELL DIRECTOR & VICE CHAIR 0.10
Officer Director
$0 $0 $0
BARB BENNETT DIRECTOR 0.10
Director
$0 $0 $0
CATHY DANIGELIS DIRECTOR 0.10
Director
$0 $0 $0
KATHI LENTZSCH DIRECTOR 0.10
Director
$0 $0 $0
SCOTT LUMSDEN DIRECTOR 0.10
Director
$0 $0 $0
JIM MELHORN DIRECTOR 0.10
Director
$0 $0 $0
JOY MOORE DIRECTOR 0.10
Director
$0 $0 $0
LISA NELSON DIRECTOR 0.10
Director
$0 $0 $0
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 $15,096,060 $21,799,313 $62,341,986 $-6,703,253
2023 $13,221,279 $17,519,633 $69,322,556 $-4,298,354
2022 $14,785,371 $13,586,688 $49,691,836 $1,198,683
2021 $12,805,842 $13,218,406 $30,882,827 $-412,564
2020 $11,469,279 $13,530,523 $25,960,328 $-2,061,244
2019 $11,064,025 $12,889,274 $19,651,503 $-1,825,249
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