LUTHERAN RETIREMENT MINISTRIES OF … - 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

1980

Legal Domicile

Principal Officer

PAMELA S FOX

Phone

3365381500

Tax Period

2024-10-01 to 2025-09-30

LUTHERAN RETIREMENT MINISTRIES OF ALAMANCE COUNTY NORTH CAROLINA, founded in 1980, is a mid-sized nonprofit in the Housing & Shelter sector that reported $51.4M in total revenue in fiscal year 2024.

Mission

AS A NON-PROFIT BUILT ON CHRISTIAN VALUES, WE CELEBRATE THE PROGRESSION OF LIFE AND DIGNITY OF THE INDIVIDUAL BY EMPOWERING ALL MEMBERS OF OUR COMMUNITY TO LIVE, WORK AND SERVE TO THEIR FULLEST POTENTIAL.

Program Service Accomplishments

Program 1

Expenses: $47,585,576 Revenue: $49,928,953

OPERATION OF CONTINUING CARE RETIREMENT COMMUNITY CONSISTING OF 104 NURSING CARE BEDS, 36 ASSISTED LIVING UNITS, 434 APARTMENTS, VILLAS AND GARDEN HOMES, AND 32 MEMORY CARE ASSISTED LIVING BEDS. THE NURSING FACILITY PROVIDES SERVICES TO RESIDENTS THROUGH BOTH MEDICARE AND MEDICAID. THE FACILITY ALSO PROVIDES REHABILITATIVE SERVICES INCLUDING PHYSICAL THERAPY, SPEECH THERAPY AND OCCUPATIONAL THERAPY. THIS CONTINUING CARE RETIREMENT COMMUNITY ALSO PROVIDES ADULT DAY CARE AND HOME CARE SERVICES. PARKINSON'S SUPPORT AND CAREGIVER'S SUPPORT IS AVAILABLE ALONG WITH SERVICES FOR OLDER ADULTS WITH DEVELOPMENTALLY DISABLED ADULT CHILDREN.

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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 $1,200,620

Program Service Revenue $47,762,627

Investment Income $2,403,026

Other Revenue $38,705

TOTAL REVENUE $51,404,978

Expense Breakdown

Grants Paid $1,892,053

Salaries & Benefits $23,108,507

Fundraising Expenses $88,780

Program Expenses $47,585,576

Other Expenses $26,860,313

TOTAL EXPENSES $51,860,873

Year-over-Year Comparison

	2024	2023	Change
Revenue	$51,404,978	$51,936,950	0.0%
Expenses	$51,860,873	$46,261,685	+0.1%
Net Income	$-455,895	$5,675,265	-1.1%

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

666

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

$720,006

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
CONNIE POOVEY	BOARD MEMBER	1.00	Director	$0	$0	$0
SHERRY HUNT	BOARD MEMBER	1.00	Director	$0	$0	$0
ELLEN GREESON	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
GARRY VOGELPOHL	BOARD MEMBER	1.00	Director	$0	$0	$0
K ALEXIS MOORE	BOARD MEMBER	1.00	Director	$0	$0	$0
MATTHEW SWAIM	BOARD MEMBER	1.00	Director	$0	$0	$0
MICHAEL BARNES	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
PAMELA DUFFY	BOARD MEMBER	1.00	Director	$0	$0	$0
JACKIE S COLE	BOARD CHAIR	2.00	Officer Director	$0	$0	$0
RUTH KOESTER	BOARD MEMBER	1.00	Director	$0	$0	$0
PAMELA S FOX	PRESIDENT/CEO	40.00	Officer	$314,702	$48,663	$363,365
KIMBERLY THOMAS	HRO	40.00	Officer	$116,532	$19,188	$135,720
BRENT CONKLIN	CFO	40.00	Officer	$192,424	$28,497	$220,921
ANGELA WYNNE	DIRECTOR OF NURSING (CC)	40.00	Highest	$126,977	$16,557	$143,534
LAURA MCDANIEL	DIRECTOR OF RESIDENT & COM	40.00	Highest	$113,888	$17,538	$131,426
LAUREN COOK	HC ADMINISTRATOR	40.00	Highest	$131,103	$25,808	$156,911
AMY FRANKLIN	DIRECTOR OF NURSING (MS)	40.00	Highest	$109,621	$27,769	$137,390
TARA PATTON	MC ADMINISTRATOR	40.00	Highest	$105,347	$15,959	$121,306

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	$51,404,978	$51,860,873	$295,899,414	$-455,895
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