LUTHERAN HOMES OF SOUTH CAROLINA INC (EIN 570327887) - 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

1924

Legal Domicile

Phone

8037495110

Tax Period

2024-10-01 to 2025-09-30

LUTHERAN HOMES OF SOUTH CAROLINA INC, founded in 1924, is a mid-sized nonprofit in the Human Services sector that reported $94.6M in total revenue in fiscal year 2024.

Mission

PROMOTE THE WELL-BEING OF OLDER ADULTS BY PROVIDING RESIDENTIAL, HEALTH CARE AND HOSPICE SERVICES.

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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 $1,906,568

Program Service Revenue $91,856,878

Investment Income $288,051

Other Revenue $580,871

TOTAL REVENUE $94,632,368

Expense Breakdown

Grants Paid $0

Salaries & Benefits $49,257,732

Fundraising Expenses $0

Program Expenses $82,864,650

Other Expenses $43,735,460

TOTAL EXPENSES $92,993,192

Year-over-Year Comparison

	2024	2023	Change
Revenue	$94,632,368	$88,811,121	+0.1%
Expenses	$92,993,192	$88,640,135	+0.0%
Net Income	$1,639,176	$170,986	+8.6%

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

1681

Volunteers

387

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

$958,626

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Allison Jakubecy	Board Member	1.0	Director	$0	$0	$0
Jack Balling	Board Member	1.0	Director	$0	$0	$0
John Thomason	Board Member	1.0	Director	$0	$0	$0
Mike Boliek	Board Member	1.0	Director	$0	$0	$0
Pearl Mitchell	Board Member	1.0	Director	$0	$0	$0
Rev Ginny Aebischer	Board Member	1.0	Director	$0	$0	$0
Richard Moose	Board Member	1.0	Director	$0	$0	$0
Susan Boland	Board Member	1.0	Director	$0	$0	$0
Terence Dolch	Board Member	1.0	Director	$0	$0	$0
Tim Rogers	Board Member	1.0	Director	$0	$0	$0
Charles Coleman	CFO	39.0	Officer	$218,820	$35,786	$254,606
Frank Shepke	CEO	39.0	Officer	$652,488	$51,532	$704,020
Bryan Gates	VP of Human Resources	40.0	Highest	$207,121	$22,689	$229,810
Daniel Amodio	Executive Director	40.0	Highest	$171,999	$7,057	$179,056
Denise Dickinsen	VP of Planned Growth	40.0	Highest	$182,607	$15,124	$197,731
Melissa Yetter	Executive Director	40.0	Highest	$231,103	$20,903	$252,006
Sandra Stoll	Executive Director	40.0	Highest	$176,194	$14,379	$190,573

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	$94,632,368	$92,993,192	$124,462,623	$1,639,176
2024	$88,811,121	$88,640,135	$122,629,771	$170,986
2023	$80,187,073	$82,703,489	$129,852,904	$-2,516,416
2022	$78,300,034	$80,009,050	$120,175,361	$-1,709,016
2021	$72,950,752	$77,479,201	$120,894,866	$-4,528,449
2020	$78,037,823	$78,731,463	$125,675,346	$-693,640
2019	$83,110,035	$83,952,060	$128,992,807	$-842,025
2018	$80,929,628	$82,338,002	$127,366,919	$-1,408,374

LUTHERAN HOMES OF SOUTH CAROLINA INC