LUMINIS HEALTH REAL ESTATE HOLDING… - Form 990 Financial Data

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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

1989

Legal Domicile

Principal Officer

MICHELLE LEE

Phone

4434811308

Tax Period

2024-07-01 to 2025-06-30

LUMINIS HEALTH REAL ESTATE HOLDING CO INC, founded in 1989, is a community nonprofit that reported $6.3M in total revenue in fiscal year 2024. The organization ran a surplus of $6.1M, a strong 97% operating margin.

Mission

THE ORGANIZATION IS ORGANIZED FOR THE EXCLUSIVE PURPOSE OF ACQUIRING AND HOLDING TITLE TO PROPERTY, COLLECTING THE INCOME THEREFROM AND TURNING OVER THE ENTIRE AMOUNT LESS EXPENSES TO ITS STOCKHOLDER, LUMINIS HEALTH, INC.

Program Service Accomplishments

Program 1

Expenses: $198,224 Revenue: $5,470,398

PROPERTY RENTAL TO AFFILIATES AND INTEREST

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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 $4,828,975

Investment Income $10,942

Other Revenue $1,504,504

TOTAL REVENUE $6,344,421

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $198,224

Other Expenses $221,174

TOTAL EXPENSES $221,174

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,344,421	$6,396,058	0.0%
Expenses	$221,174	$249,980	-0.1%
Net Income	$6,123,247	$6,146,078	0.0%

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

N/A

Employees

N/A

Volunteers

N/A

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

$742,955

Total Directors

$2,025,261

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JENNIFER HARRINGTON	BOARD MEMBER/ LHAAMC COO	1.00	Director	$0	$53,690	$595,732
STEPHANIE SCHNITTGER	LH CFO/CHAIRMAN/TREASURER	1.00	Officer Director	$0	$54,647	$637,116
JUDY SMITH	BOARD MEMBER/ VP SUPPLY CHAIN & RE	1.00	Director	$0	$3,726	$316,616
GREG VINCI	SECRETARY/LH VP REAL ESTATE	1.00	Officer Director	$0	$755	$105,839
CHARLENE HARRISON	BOARD MEMBER/LH VP WOMEN'S & CHILDREN'S	1.00	Director	$0	$40,248	$369,958
SHERRY PERKINS	FORMER BOARD MEMBER/ LHAAMC PRESIDENT (PART YEAR)	1.00		$0	$18,825	$1,012,781
DENEEN M RICHMOND	FORMER BOARD MEMBER/ LHDCMC PRESIDENT (PART YEAR)	1.00		$0	$83,559	$915,772
VICTORIA W BAYLESS	LH CEO & FORMER CHAIR	1.00		$0	$17,114	$3,409,414
ROBERT REILLY	FORMER CFO & CHAIRMAN	0.00		$0	$0	$139,667
PETER ODENWALD	FORMER LHCE COO/SECRETARY/TREASURER	1.00		$0	$45,384	$516,568
KEVIN SMITH	FORMER LH CFO/CHAIRMAN	0.00		$0	$3,333	$107,755
SAAD H CHAUDHRY	FORMER BOARD MEMBER/ LH CIO	1.00		$0	$42,772	$415,055
DOUGLAS WOMER	FORMER LH CFO/CHAIRMAN	0.00		$0	$10,867	$370,879

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	$6,344,421	$221,174	$70,075,414	$6,123,247
2024	No data	No data	No data	No data
2023	$5,642,164	$296,629	$71,823,028	$5,345,535
2022	$7,109,141	$240,863	$71,306,820	$6,868,278
2021	$9,291,782	$300,506	$72,121,077	$8,991,276
2020	$7,265,407	$102,706	$73,842,063	$7,162,701
2019	$5,495,122	$226,932	$68,379,023	$5,268,190
2018	$3,905,231	$118,904	$63,038,794	$3,786,327

LUMINIS HEALTH REAL ESTATE HOLDING CO INC