TOPEKA LUTHERAN HOME ASSN INC

EIN: 480832592 501(c)(3)

TOPEKA, KS

Total Revenue
$7,543
Total Expenses
$174,602
Total Assets
$1,821,328
Net Assets
$1,821,328
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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
1967
Legal Domicile
KS
Principal Officer
DENNIS PAYNE
Phone
7852732995
Tax Period
2023-01-01 to 2023-12-31

TOPEKA LUTHERAN HOME ASSN INC, founded in 1967, is a micro nonprofit that reported $8K in total revenue in fiscal year 2023. Revenue fell 67% from the prior year — a significant decline worth monitoring. Expenses of $175K exceeded revenue, resulting in a 2215% operating deficit.

Mission

FACILITATE AVAILABILITY OF LOW TO MODERATE INCOME HOUSING.

Program Service Accomplishments

Program 1
Expenses: $174,602

TLHA, INC. DECOUPLED AND RESTRUCTURED OWNERSHIP AND FINANCING OF 199 LOW TO MODERATE INCOME HOUSING UNITS DURING 2019. TLHA, INC. OWNS A LIMITED LIABILITY COMPANY INTEREST AND A LIMITED PARNTERSHIP...

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TLHA, INC. DECOUPLED AND RESTRUCTURED OWNERSHIP AND FINANCING OF 199 LOW TO MODERATE INCOME HOUSING UNITS DURING 2019. TLHA, INC. OWNS A LIMITED LIABILITY COMPANY INTEREST AND A LIMITED PARNTERSHIP INTEREST WHICH ARE PARTNERS IN LUTHER PLACE LIMITED PARTNERSHIP WHICH OWNS THE UNITS NOTED ABOVE.

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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 $0
Program Service Revenue $0
Investment Income $7,543
Other Revenue $0
TOTAL REVENUE $7,543

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $174,602
Other Expenses $174,602
TOTAL EXPENSES $174,602

Year-over-Year Comparison

2023 2022 Change
Revenue $7,543 $22,538 -0.7%
Expenses $174,602 $248,441 -0.3%
Net Income $-167,059 $-225,903 -0.3%
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
12
Independent Members
12
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
4
$0
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DIANE BOTTORFF BOARD MEMBER N/A
Director
$0 $0 $0
BARB COLLINS BOARD MEMBER N/A
Director
$0 $0 $0
ROBERT HANNA BOARD MEMBER N/A
Director
$0 $0 $0
MARILYN HECKMAN BOARD MEMBER N/A
Director
$0 $0 $0
AUSTIN JACKSON TREASURER N/A
Officer Director
$0 $0 $0
RALPH KRUMMINS BOARD MEMBER N/A
Director
$0 $0 $0
CAROL MARKER BOARD MEMBER N/A
Director
$0 $0 $0
DAVID MCGINNIS SECRETARY N/A
Officer Director
$0 $0 $0
DEAN MCGINNIS BOARD MEMBER N/A
Director
$0 $0 $0
DENNIS PAYNE PRESIDENT N/A
Officer Director
$0 $0 $0
DEBBIE POMEROY VICE PRESIDE N/A
Officer Director
$0 $0 $0
RICHARD SCHAEFFER BOARD MEMBER N/A
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 No data No data No data No data
2023 $7,543 $174,602 $1,821,328 $-167,059
2022 $22,538 $248,441 $1,988,387 $-225,903
2021 $3,947 $430,641 $2,214,290 $-426,694
2020 $74 $4,716 $2,640,984 $-4,642
2019 $211,109 $1,000 $2,688,626 $210,109
2018 $75 $25,213 $3,337,206 $-25,138
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