VIRGINIA LUTHERAN HOMES INC (EIN 540852697) - Form 990 Financial Analysis & Trantor Score

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Tuckman-Chang Vulnerability Assessment

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1963

Legal Domicile

Principal Officer

CHARLES DOWNS

Phone

5405625443

Tax Period

2024-01-01 to 2024-12-31

VIRGINIA LUTHERAN HOMES INC, founded in 1963, is a mid-sized nonprofit that reported $23.9M in total revenue in fiscal year 2018. Expenses of $23.2M left a modest 3% surplus.

Mission

PROVIDING LIFE-ENRICHING SERVICES THAT PROMOTE WELL-BEING AND BUILD COMMUNITY.

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Trantor Score

Financial Health & Payment Capacity Assessment (FICO Scale: 300–850)

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $265,307

Program Service Revenue $29,462,480

Investment Income $701,385

Other Revenue $167,400

TOTAL REVENUE $30,596,572

Expense Breakdown

Grants Paid $0

Salaries & Benefits $16,642,675

Fundraising Expenses $96,233

Program Expenses $27,756,822

Other Expenses $13,303,857

TOTAL EXPENSES $29,946,532

Year-over-Year Comparison

	2024	2023	Change
Revenue	$30,596,572	$28,276,990	+0.1%
Expenses	$29,946,532	$27,461,897	+0.1%
Net Income	$650,040	$815,093	-0.2%

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

497

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

$788,257

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
REV JAMES ARMENTROUT	CHAIR	2.00	Officer Director	$0	$0	$0
PHIL HARRIS	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JOHN HANNA	TREASURER	2.00	Officer Director	$0	$0	$0
REV K DAVID SKOLE	SECRETARY	2.00	Officer Director	$0	$0	$0
MICHAEL BIRD	DIRECTOR	2.00	Director	$0	$0	$0
ALLEN BLACKWOOD JR	DIRECTOR	2.00	Director	$0	$0	$0
JAMIE DILLARD	DIRECTOR	2.00	Director	$0	$0	$0
BARBARA PHELPS	DIRECTOR	2.00	Director	$0	$0	$0
LAURA SWANSON	DIRECTOR	2.00	Director	$0	$0	$0
CHARLES DOWNS	CEO	32.00	Officer	$318,972	$24,594	$343,566
JENNIFER HICKLIN	CFO	32.00	Officer	$176,853	$18,205	$195,058
BEN BURKS	EXECUTIVE DIRECTOR/COO	28.00	Officer	$229,113	$20,520	$249,633
LINDA HAMULIC	LPN	40.00	Highest	$105,465	$14,250	$119,715
TIM SNYDER	DIRECTOR OF IT	40.00	Highest	$142,000	$18,320	$160,320
CARTER HANNA	DIRECTOR OF MARKETING	40.00	Highest	$117,469	$15,139	$132,608
JHON MARTINEZ GUTIERREZ	RN	40.00	Highest	$123,284	$13,244	$136,528
JEREME GREER	PHYSICAL THERAPIST	40.00	Highest	$115,312	$14,778	$130,090

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	$30,596,572	$29,946,532	$80,684,280	$650,040
2023	$28,276,990	$27,461,897	$79,604,799	$815,093
2022	$23,132,668	$25,551,853	$79,509,256	$-2,419,185
2021	$28,580,430	$23,984,947	$83,707,371	$4,595,483
2020	$20,729,443	$23,190,315	$81,920,268	$-2,460,872
2019	$27,892,608	$23,811,165	$81,965,166	$4,081,443
2018	$23,911,104	$23,191,402	$67,419,008	$719,702

VIRGINIA LUTHERAN HOMES INC