LUTHERAN RETIREMENT MINISTRIES OF ALAMANCE COUNTY NORTH CAROLINA (EIN 561270984) - 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

1980

Legal Domicile

Principal Officer

PAMELA S FOX

Phone

3365381500

Tax Period

2023-10-01 to 2024-09-30

LUTHERAN RETIREMENT MINISTRIES OF ALAMANCE COUNTY NORTH CAROLINA, founded in 1980, is a mid-sized nonprofit in the Housing & Shelter sector that reported $51.9M in total revenue in fiscal year 2023. Revenue grew 11% year-over-year, indicating healthy expansion. Expenses of $46.3M left a modest 11% surplus.

Mission

TO PROVIDE COMPREHENSIVE RESIDENTIAL, SOCIAL, AND HEALTH RELATED SERVICES TO THE ELDERLY.

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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 (2023)

Revenue Breakdown

Contributions & Grants $6,219,216

Program Service Revenue $43,109,399

Investment Income $2,574,215

Other Revenue $34,120

TOTAL REVENUE $51,936,950

Expense Breakdown

Grants Paid $1,945,756

Salaries & Benefits $21,927,273

Fundraising Expenses $114,824

Program Expenses $42,560,829

Other Expenses $22,388,656

TOTAL EXPENSES $46,261,685

Year-over-Year Comparison

	2023	2022	Change
Revenue	$51,936,950	$46,915,283	+0.1%
Expenses	$46,261,685	$44,065,773	+0.0%
Net Income	$5,675,265	$2,849,510	+1.0%

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

Employees

639

Volunteers

153

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

$682,272

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
MATRICE D MEBANE-WILLIAMS	BOARD MEMBER	1.00	Director	$0	$0	$0
LEANDRA NICHELLE RATLIFF	BOARD MEMBER	1.00	Director	$0	$0	$0
DOUGLAS A BROOK	BOARD MEMBER	1.00	Director	$0	$0	$0
JILL M GERRINGER	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL CORUM	BOARD MEMBER	1.00	Director	$0	$0	$0
VERNETTA BRIDGES	BOARD MEMBER	1.00	Director	$0	$0	$0
T BRUCE MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY HUNT	BOARD MEMBER	1.00	Director	$0	$0	$0
SAMUEL SINK	BOARD MEMBER	1.00	Director	$0	$0	$0
REED LAPLANTE	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL MENZ	BOARD MEMBER	1.00	Director	$0	$0	$0
MELANIE THOMAS	BOARD MEMBER	1.00	Director	$0	$0	$0
K ALEXIS MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
JERRY R TOLLEY JR	BOARD MEMBER	1.00	Director	$0	$0	$0
DAVID KOESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
ALISON UPTON	BOARD MEMBER	1.00	Director	$0	$0	$0
JOY ISLEY	SECRETARY	2.00	Officer Director	$0	$0	$0
DANNY CRAIG VAN FLEET	TREASURER	2.00	Officer Director	$0	$0	$0
ANTHONY E FORIEST	VICE CHAIR	2.00	Officer Director	$0	$0	$0
JACKIE S COLE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
PAMELA S FOX	PRESIDENT/CEO	40.00	Officer	$295,403	$54,208	$349,611
KIMBERLY THOMAS	HRO	40.00	Officer	$108,956	$15,906	$124,862
BRENT CONKLIN	CFO	40.00	Officer	$181,443	$26,356	$207,799
SVIATLANA BARBER	WEEKEND SUPERVISOR RN	40.00	Highest	$102,635	$14,351	$116,986
LAURA MCDANIEL	DIRECTOR OF RESIDENT & COM	40.00	Highest	$112,913	$15,911	$128,824
LAUREN COOK	HC ADMINISTRATOR	40.00	Highest	$123,294	$24,007	$147,301
AMY FRANKLIN	DIRECTOR OF NURSING (MS)	40.00	Highest	$118,507	$24,228	$142,735
TARA PATTON	MC ADMINISTRATOR	40.00	Highest	$101,057	$14,772	$115,829

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	$51,936,950	$46,261,685	$254,332,180	$5,675,265
2024	$51,936,950	$46,261,685	$254,332,180	$5,675,265
2023	$46,915,283	$44,065,773	$212,350,553	$2,849,510
2022	$40,219,787	$40,946,806	$194,352,583	$-727,019
2021	$40,218,325	$33,281,657	$193,099,314	$6,936,668
2020	$34,457,796	$32,657,753	$185,998,741	$1,800,043
2019	$33,699,933	$32,328,948	$124,802,908	$1,370,985
2018	$32,079,026	$29,350,409	$119,799,993	$2,728,617

LUTHERAN RETIREMENT MINISTRIES OF ALAMANCE COUNTY NORTH CAROLINA