Lutheran Services for the Aging Inc

EIN: 560752160 501(c)(3) Human Services

Salisbury, NC

Total Revenue
$343,532
Total Expenses
$202,732
Total Assets
$10,470,415
Net Assets
$10,469,505
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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
1960
Legal Domicile
NC
Phone
7046372870
Tax Period
2023-10-01 to 2024-09-30

Lutheran Services for the Aging Inc, founded in 1960, is a small nonprofit in the Human Services sector that reported $344K in total revenue in fiscal year 2023. Revenue fell 48% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $141K, a strong 41% operating margin.

Mission

Empowered by Christ, we walk together with all we serve.

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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%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $148,130
Program Service Revenue $0
Investment Income $205,193
Other Revenue $-9,791
TOTAL REVENUE $343,532

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $191,761
Other Expenses $202,732
TOTAL EXPENSES $202,732

Year-over-Year Comparison

2023 2022 Change
Revenue $343,532 $656,164 -0.5%
Expenses $202,732 $205,593 0.0%
Net Income $140,800 $450,571 -0.7%
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

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Governance

Voting Members
21
Independent Members
20
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
3
$825,640
Total Directors
20
$429,211
Key Employees
1
$295,440
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Ted Goins President/CEO 1.0
Officer Director
$0 $13,158 $429,211
Anna Yonge Board Member 1.0
Director
$0 $0 $0
Brian Van Horn Board Member 1.0
Director
$0 $0 $0
Capri Foy Board Member 1.0
Director
$0 $0 $0
Cary M Grant Vice Chair 1.0
Director
$0 $0 $0
David Turner Board Member 1.0
Director
$0 $0 $0
Doug Nelson Board Member 1.0
Director
$0 $0 $0
Frances R Lamb Board Member 1.0
Director
$0 $0 $0
Gregory Hudgins Chair 1.0
Director
$0 $0 $0
Hoang Nguyen Board Member 1.0
Director
$0 $0 $0
Joel Miller Board Member 1.0
Director
$0 $0 $0
Kaye R Leonard Board Member 1.0
Director
$0 $0 $0
Mary Finklea Board Member 1.0
Director
$0 $0 $0
Renee Rogers Board Member 1.0
Director
$0 $0 $0
Rick Herman Board Member 1.0
Director
$0 $0 $0
Shanitria Cuthbertson Board Member 1.0
Director
$0 $0 $0
Sharon Graeber Board Member 1.0
Director
$0 $0 $0
Sylvia Flack Board Member 1.0
Director
$0 $0 $0
Tami Hefner Board Member 1.0
Director
$0 $0 $0
Will Rose Board Member 1.0
Director
$0 $0 $0
Karen Maddry Executive Assistant 1.0
Officer
$0 $10,047 $94,526
Kirby Nickerson Chief Financial Officer 1.0
Officer
$0 $15,848 $301,903
Kesha Smith Chief Operating Officer 1.0
Key Emp
$0 $14,715 $295,440
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 $343,532 $202,732 $10,470,415 $140,800
2023 $656,164 $205,593 $9,037,021 $450,571
2022 $869,433 $425,049 $8,029,519 $444,384
2021 $420,177 $66,452 $9,169,418 $353,725
2020 $282,835 $80,190 $8,090,463 $202,645
2019 $316,544 $69,744 $7,543,028 $246,800
2018 $352,720 $130,146 $7,321,500 $222,574
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