Lutheran College Washington Consor… - 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

1998

Legal Domicile

Principal Officer

Edward B Hasecke PhD

Phone

7035255292

Tax Period

2024-06-01 to 2025-05-31

Lutheran College Washington Consortium, founded in 1998, is a community nonprofit in the Education sector that reported $1.4M in total revenue in fiscal year 2024. The organization ran a surplus of $238K, a strong 17% operating margin.

Mission

The mission of the Lutheran College Washington Consortium is to establish the member colleges' campus in the greater Washington, DC Area, to maintain its Washington semester at high level of academic and fiscal integrity, and to operate other residential programs.

Program Service Accomplishments

Program 1

Expenses: $987,365 Revenue: $1,101,345

To provide residential semester programs in the Washington DC metro area to students attending Lutheran affiliated colleges. Each semester LCWS welcomes 40 to 50 students to Washington, D.C. and is proud to extend the quality of education from each of our schools to students while they live and work in the Nation's Capital.Through professional engagement in a competitive internship placement, academic inquiry in challenging weekly classes, and whole-hearted participation in the day-to-day life of Washington, D.C., students gain a new perspective on what it means to be an active member of society in a culturally diverse world. Students of the program leave Washington, D.C., with a newfound confidence in who they are and a better sense of their purpose in life.

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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 $9,010

Program Service Revenue $1,101,345

Investment Income $226,544

Other Revenue $99,472

TOTAL REVENUE $1,436,371

Expense Breakdown

Grants Paid $20,000

Salaries & Benefits $383,125

Fundraising Expenses $0

Program Expenses $987,365

Other Expenses $794,946

TOTAL EXPENSES $1,198,071

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,436,371	$1,347,460	+0.1%
Expenses	$1,198,071	$1,362,606	-0.1%
Net Income	$238,300	$-15,146	-16.7%

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

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

$162,749

Total Directors

$3,300

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Dr Emily Wanless	President	2.50	Officer Director	$750	$0	$750
Dr Rebecca Moore	Vice President	2.50	Officer Director	$0	$0	$0
Dr James Old	Treasurer	2.50	Officer Director	$300	$0	$300
Julie Simiele	Secretary	2.50	Officer Director	$0	$0	$0
Dr Marcia Morgan	Director	2.00	Director	$0	$0	$0
Dr David Buck	Director	2.00	Director	$0	$0	$0
Dr David Bates	Director	2.00	Director	$0	$0	$0
Dr Kiku Huckle	Director	2.00	Director	$0	$0	$0
Dr Clinton Jenkins	Director	2.00	Director	$0	$0	$0
Dr Scott Manning	Director	2.00	Director	$0	$0	$0
Dr Todd Peppers	Director	2.00	Director	$2,250	$0	$2,250
Dr Catherine Waggoner	Director	2.00	Director	$0	$0	$0
Tracie Potts	Director	1.00	Director	$0	$0	$0
Brita Doyle	Director	1.00	Director	$0	$0	$0
Dr Edward Hasecke	Dean & Executive Director	40.00	Officer	$141,468	$20,231	$161,699

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	$1,436,371	$1,198,071	$4,092,450	$238,300
2024	$1,347,460	$1,362,606	$3,906,613	$-15,146
2023	$1,384,607	$1,442,238	$3,815,368	$-57,631
2022	$1,023,270	$1,159,262	$3,650,053	$-135,992
2021	$718,256	$1,078,135	$3,999,130	$-359,879
2020	$1,260,372	$1,065,884	$4,112,235	$194,488
2019	$1,317,273	$1,136,563	$3,964,982	$180,710

Lutheran College Washington Consortium