LUTHERAN CENTER CORPORATION (EIN 522055143) - 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

1997

Legal Domicile

Principal Officer

KRISH VIGNARAJAH

Phone

4102302700

Tax Period

2024-01-01 to 2024-12-31

LUTHERAN CENTER CORPORATION, founded in 1997, is a small nonprofit in the Religion sector that reported $692K in total revenue in fiscal year 2024. Revenue decreased 8% compared to the prior year. Expenses of $1.0M exceeded revenue, resulting in a 45% operating deficit.

Mission

PROVIDE OFFICE SPACE FOR VARIOUS LUTHERAN AND AFFILIATED CHARITABLE ORGANIZATIONS.

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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 $573,226

Investment Income $61,823

Other Revenue $56,491

TOTAL REVENUE $691,540

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $949,805

Other Expenses $1,000,253

TOTAL EXPENSES $1,000,253

Year-over-Year Comparison

	2024	2023	Change
Revenue	$691,540	$755,688	-0.1%
Expenses	$1,000,253	$973,582	+0.0%
Net Income	$-308,713	$-217,894	+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

$2,181,347

Total Directors

$1,356,832

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DANIEL SPECKHARD	PRESIDENT, TREASURER	1.00	Officer Director	$0	$65,269	$607,083
KRISH VIGNARAJAH	CEO	1.00	Officer Director	$0	$50,250	$749,749
HANS MAYER	DIRECTOR	1.00	Director	$0	$0	$0
AMSALU GELETA	DIRECTOR	1.00	Director	$0	$0	$0
KIRK HOWARD BETTS	DIRECTOR	1.00	Director	$0	$0	$0
ANDREW PEPITO	CFO	1.00	Officer	$0	$27,697	$384,439
GERI ODONOGHUE	VP HUMAN RESOURCE	1.00	Officer	$0	$45,555	$347,779
MARK MOYER	ASSISTANT TREASURER	1.00	Officer	$0	$3,419	$92,297

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	$691,540	$1,000,253	$6,642,726	$-308,713
2023	$755,688	$973,582	$6,677,067	$-217,894
2022	$777,673	$971,791	$6,887,343	$-194,118
2021	$824,907	$867,029	$6,887,945	$-42,122
2020	$882,215	$856,866	$6,912,699	$25,349
2019	$881,338	$999,174	$6,849,771	$-117,836
2018	$891,852	$1,020,410	$7,008,867	$-128,558

LUTHERAN CENTER CORPORATION