LUTHER TOWERS III OF DOVER INC (EIN 510340579) - 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

1994

Legal Domicile

Principal Officer

KIMBERLY MENDOZA

Phone

3026741408

Tax Period

2024-07-01 to 2025-06-30

LUTHER TOWERS III OF DOVER INC, founded in 1994, is a small nonprofit in the Human Services sector that reported $648K in total revenue in fiscal year 2024. Revenue surged 47% from the prior year, signaling strong growth momentum. The organization ran a surplus of $181K, a strong 28% operating margin.

Mission

THE ORGANIZATION OPERATES A 49 UNIT APARTMENT FACILITY FOR THE ELDERLY LOCATED IN DOVER, DE.

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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 $440,103

Program Service Revenue $228,655

Investment Income $-22,566

Other Revenue $1,973

TOTAL REVENUE $648,165

Expense Breakdown

Grants Paid $0

Salaries & Benefits $193,359

Fundraising Expenses $0

Program Expenses $368,398

Other Expenses $273,637

TOTAL EXPENSES $466,996

Year-over-Year Comparison

	2024	2023	Change
Revenue	$648,165	$441,465	+0.5%
Expenses	$466,996	$450,615	+0.0%
Net Income	$181,169	$-9,150	-20.8%

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

$217,738

Total Directors

$250

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RICK MURPHY	PRESIDENT	2.00	Officer Director	$0	$0	$0
PASTOR V ANNE STRICKERT	VICE PRESIDENT	2.00	Officer Director	$0	$0	$0
HAZEL PARTRIDGE	SECRETARY	2.00	Officer Director	$0	$0	$0
RON MORELLA	TREASURER	2.00	Officer Director	$0	$0	$250
BARBARA IMPOLLONIA	DIRECTOR	1.00	Director	$0	$0	$0
RUTH LYON	DIRECTOR	1.00	Director	$0	$0	$0
BARRY BLIEM	DIRECTOR	1.00	Director	$0	$0	$0
GWEN HUMPTHREY	DIRECTOR	1.00	Director	$0	$0	$0
KIM MENDOZA	EXECUTIVE DIRECTOR	40.00	Officer	$0	$5,511	$122,416
JESSICA PARSONS	DEPUTY DIRECTOR	40.00	Officer	$0	$0	$95,072

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
2025	$648,165	$466,996	$1,329,205	$181,169
2024	$441,465	$450,615	$1,142,587	$-9,150
2023	$373,477	$429,014	$1,149,502	$-55,537
2022	$342,972	$412,255	$1,203,581	$-69,283
2021	$312,130	$394,263	$1,288,063	$-82,133
2020	$311,479	$370,821	$1,360,620	$-59,342
2019	$318,462	$371,749	$1,411,341	$-53,287

LUTHER TOWERS III OF DOVER INC