LUTHER HOUSE III INC (EIN 562429799) - 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

2006

Legal Domicile

Principal Officer

STEPHEN BOSSONG

Phone

6108894240

Tax Period

2024-01-01 to 2024-12-31

LUTHER HOUSE III INC, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $712K in total revenue in fiscal year 2024. Expenses of $873K exceeded revenue, resulting in a 23% operating deficit.

Mission

PROVIDE HOUSING FOR 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 (2024)

Revenue Breakdown

Contributions & Grants $11,000

Program Service Revenue $695,410

Investment Income $5,822

Other Revenue $0

TOTAL REVENUE $712,232

Expense Breakdown

Grants Paid $0

Salaries & Benefits $258,982

Fundraising Expenses $0

Program Expenses $631,538

Other Expenses $613,677

TOTAL EXPENSES $872,659

Year-over-Year Comparison

	2024	2023	Change
Revenue	$712,232	$661,837	+0.1%
Expenses	$872,659	$827,476	+0.1%
Net Income	$-160,427	$-165,639	0.0%

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

N/A

Volunteers

202

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

$167,028

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DIANA SEIP	EXECUTIVE DI	10.00	Officer	$0	$35,339	$167,028
STEPHEN BOSSONG	PRESIDENT	2.00	Officer Director	$0	$0	$0
DIANE CHUN	TREASURER	2.00	Officer Director	$0	$0	$0
JAY LISKA	SECRETARY	2.00	Officer Director	$0	$0	$0
ERIC HEISS	BOARD MEMBER	1.00	Director	$0	$0	$0
PATRICIA BERKWITS	BOARD MEMBER	1.00	Director	$0	$0	$0
BOB JOHNSON	BOARD MEMBER	1.00	Director	$0	$0	$0
LOU MINELLA	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD STREAMER	BOARD MEMBER	1.00	Director	$0	$0	$0

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	$712,232	$872,659	$4,675,978	$-160,427
2023	$661,837	$827,476	$4,852,151	$-165,639
2022	$609,489	$785,727	$5,012,424	$-176,238
2021	$560,507	$765,035	$5,187,036	$-204,528
2020	$557,064	$758,385	$5,398,805	$-201,321
2019	$554,294	$735,301	$5,592,763	$-181,007
2018	$533,864	$724,972	$5,780,904	$-191,108

LUTHER HOUSE III INC