LUTHER PARK HEALTH CARE CENTER INC

EIN: 510229822 501(c)(3)

DES MOINES, IA

Total Revenue
$16,381,536
Total Expenses
$16,507,301
Total Assets
$13,936,179
Net Assets
$3,354,499
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1978
Legal Domicile
IA
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

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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 (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

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
8

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
5
$212,601
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
5
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
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