LUTHER PARK APARTMENTS INC (EIN 510229824) - Form 990 Financial Analysis & Trantor Score

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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

1976

Legal Domicile

Principal Officer

DEB NOWACHECK

Phone

5152625639

Tax Period

2024-01-01 to 2024-12-31

LUTHER PARK APARTMENTS INC, founded in 1976, is a community nonprofit that reported $2.2M in total revenue in fiscal year 2024. Expenses of $2.0M left a modest 8% surplus.

Mission

TO PROVIDE MODERATE AND LOW INCOME HOUSING 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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $2,089,051

Investment Income $91,468

Other Revenue $5,241

TOTAL REVENUE $2,185,760

Expense Breakdown

Grants Paid $0

Salaries & Benefits $376,308

Fundraising Expenses $0

Program Expenses $1,470,624

Other Expenses $1,627,907

TOTAL EXPENSES $2,004,215

Year-over-Year Comparison

	2024	2023	Change
Revenue	$2,185,760	$2,107,616	+0.0%
Expenses	$2,004,215	$2,096,064	0.0%
Net Income	$181,545	$11,552	+14.7%

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
DEB NOWACHECK	CHIEF HR DIR	5.00	Officer	$0	$13,334	$133,102
REBECA CHAKI	RN	40.00	Highest	$0	$12,669	$131,338
JOHN RIEKE LEFT APRIL 2024	CEO	5.00	Officer	$0	$11,915	$79,499
CAROL SIPFLE LEFT 2023	DIRECTOR	N/A	Director	$0	$0	$0
CHRIS LEE LEFT 2023	DIRECTOR	N/A	Director	$0	$0	$0
GAIL NIELSEN LEFT 2023	DIRECTOR	N/A	Director	$0	$0	$0
PAUL BROWN LEFT 2023	DIRECTOR	N/A	Director	$0	$0	$0
PAUL ROGNESS 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	$2,185,760	$2,004,215	$6,681,735	$181,545
2023	$2,107,616	$2,096,064	$7,088,219	$11,552
2022	$1,939,522	$1,964,515	$7,208,191	$-24,993
2021	$1,757,910	$1,946,490	$7,527,494	$-188,580
2020	$1,731,363	$1,731,287	$7,858,827	$76
2019	$1,880,236	$1,728,357	$8,090,568	$151,879
2018	$1,827,320	$1,643,451	$8,186,847	$183,869

LUTHER PARK APARTMENTS INC