LUTHER PARK HEALTH CARE CENTER INC

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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

1978

Legal Domicile

Principal Officer

DEB NOWACHEK

Phone

5152625639

Tax Period

2024-01-01 to 2024-12-31

LUTHER PARK HEALTH CARE CENTER INC, founded in 1978, is a mid-sized nonprofit that reported $16.4M in total revenue in fiscal year 2024. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

TO PROVIDE ASSISTED LIVING, NURSING FACILIITIES, AND SERVICES FOR THE ELDERLY

Program Service Accomplishments

Program 1

Expenses: $15,485,278 Revenue: $16,159,212

LUTHER PARK PROVIDES QUALITY SERVICES FOR MATURE IOWANS, MEETING THEIR PHYSICAL, SPIRITUAL, SOCIAL, AND PSYCHOLOGICAL NEEDS ON ITS BEAUTIFUL ROSE-SCAPED CAMPUS. THE NURSING CENTER IS HOME TO 120...

LUTHER PARK PROVIDES QUALITY SERVICES FOR MATURE IOWANS, MEETING THEIR PHYSICAL, SPIRITUAL, SOCIAL, AND PSYCHOLOGICAL NEEDS ON ITS BEAUTIFUL ROSE-SCAPED CAMPUS. THE NURSING CENTER IS HOME TO 120 INDIVIDUALS. TRINITY CENTER HAS 3 LICENSED CCDI (CHRONICALLY CONFUSED DEMENTING ILLNESS) UNITS, EACH HOME TO 20 RESIDENTS. ANOTHER 60 RESIDENTS LIVE IN THE GENERAL NURSING AREA. RESIDENTS LIVE IN A HOME-LIKE ATMOSPHERE WITH THE AVAILABILITY OF SKILLED/REHABILITAION CARE INCLUDING PHYSICAL, OCCUPANTIONAL, AND SPEECH THERAPY SERVICES. PHYSICAL AND SOCIAL ACTIVITIES ARE PROVIDED AT THE APPROPRIATE LEVEL FOR EACH RESIDENT. SUPPORT FOR FAMILIES OF ALZHEIMER'S PATIENTS IS ALSO PROVIDED THROUGH A MONTHLY SUPPORT GROUP AND SPOUSE LUNCHEON.

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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 $57,602

Program Service Revenue $16,159,212

Investment Income $94,903

Other Revenue $69,819

TOTAL REVENUE $16,381,536

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,205,180

Fundraising Expenses $0

Program Expenses $15,485,278

Other Expenses $6,302,121

TOTAL EXPENSES $16,507,301

Year-over-Year Comparison

	2024	2023	Change
Revenue	$16,381,536	$14,318,119	+0.1%
Expenses	$16,507,301	$14,574,995	+0.1%
Net Income	$-125,765	$-256,876	-0.5%

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

$212,601

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
SALLY INGERSOLL	RN	40.00	Highest	$0	$17,446	$175,512
JOAN MBUVI	LPN	40.00	Highest	$0	$20,544	$135,244
DEB NOWACHEK	CHIEF HR OFF	30.00	Officer	$0	$13,333	$133,101
AMINATA KAMARA	RN	40.00	Highest	$0	$20,983	$133,082
COLETTE WOUKEP	CNA	40.00	Highest	$0	$10,387	$132,007
HALIMA MWANAKATWE	LPN	40.00	Highest	$0	$20,306	$129,063
JOHN RIEKE LEFT APRIL 2024	CEO	30.00	Officer	$0	$11,916	$79,500
CHRIS LEE LEFT 2023	DIRECTOR	N/A	Director	$0	$0	$0
GAIL NIELSON LEFT 2023	DIRECTOR	N/A	Director	$0	$0	$0
PAUL BROWN LEFT 2023	DIRECTOR	N/A	Director	$0	$0	$0
PAUL ROGNES LEFT 2023	DIRECTOR	N/A	Director	$0	$0	$0
KELLY BLACKBURN	DIRECTOR	1.00	Director	$0	$0	$0
TIM BRATVOLD	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
BRIAN CLARK	DIRECTOR	1.00	Director	$0	$0	$0
KEITH HYLAND	DIRECTOR	1.00	Director	$0	$0	$0
BO KRAUSE	TREASURER	1.00	Officer Director	$0	$0	$0
TIRA MAYS	SECRETARY	1.00	Officer Director	$0	$0	$0
DUANE MILLER	PAST CHAIRPE	1.00	Director	$0	$0	$0
JENNIFER NUTT	DIRECTOR	1.00	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	$16,381,536	$16,507,301	$13,936,179	$-125,765
2023	$14,318,119	$14,574,995	$14,337,562	$-256,876
2022	$13,715,107	$13,959,073	$14,935,232	$-243,966
2021	$13,008,521	$13,307,185	$15,875,112	$-298,664
2020	$15,147,541	$14,716,133	$16,879,203	$431,408
2019	$14,212,906	$14,103,471	$16,891,038	$109,435
2018	$13,275,399	$13,600,832	$17,037,033	$-325,433