LUTHER TOWERS IV OF DOVER INC (EIN 510370460) - 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

1998

Legal Domicile

Principal Officer

KIMBERLY MENDOZA

Phone

3026741408

Tax Period

2023-07-01 to 2024-06-30

LUTHER TOWERS IV OF DOVER INC, founded in 1998, is a small nonprofit in the Housing & Shelter sector that reported $390K in total revenue in fiscal year 2023. Revenue surged 22% from the prior year, signaling strong growth momentum. Expenses of $439K exceeded revenue, resulting in a 12% operating deficit.

Mission

THE ORGANIZATION OPERATES A 44 UNIT APARTMENT FACILITY FOR THE ELDERLY IN DOVER, DELAWARE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $147,111

Program Service Revenue $239,068

Investment Income $3,160

Other Revenue $600

TOTAL REVENUE $389,939

Expense Breakdown

Grants Paid $0

Salaries & Benefits $159,387

Fundraising Expenses $0

Program Expenses $359,499

Other Expenses $279,232

TOTAL EXPENSES $438,619

Year-over-Year Comparison

	2023	2022	Change
Revenue	$389,939	$319,405	+0.2%
Expenses	$438,619	$397,031	+0.1%
Net Income	$-48,680	$-77,626	-0.4%

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

$115,197

Total Directors

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
RICHARD FOSKETT	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	$0
BARBARA IMPOLLONIA	DIRECTOR	1.00	Director	$0	$0	$0
RUTH P LYON	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR V ANNE STRICKERT	DIRECTOR	1.00	Director	$0	$0	$0
PASTOR CHARLES RANSDELL	DIRECTOR	1.00	Director	$0	$0	$0
KIM MENDOZA	EXECUTIVE DIRECTOR	40.00	Officer	$0	$5,345	$115,197

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	No data	No data	No data	No data
2024	$389,939	$438,619	$1,463,902	$-48,680
2023	$319,405	$397,031	$1,510,208	$-77,626
2022	$312,509	$376,130	$1,594,035	$-63,621
2021	$298,989	$367,007	$1,674,118	$-68,018
2020	$272,518	$356,689	$1,724,765	$-84,171
2019	$281,382	$345,552	$1,823,000	$-64,170

LUTHER TOWERS IV OF DOVER INC