LUTHERAN HOMES OF SOUTH CAROLINA INC

EIN: 570327887 501(c)(3) Human Services

IRMO, SC

Total Revenue
$94,632,368
Total Expenses
$92,993,192
Total Assets
$124,462,623
Net Assets
$-25,181,633
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1924
Legal Domicile
SC
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

LUTHERAN HOMES OF South Carolina, Inc. operates as a mission partner OF THE SC SYNOD OF THE EVANGELICAL LUTHERAN CHURCH IN AMERICA to promote THE WELL-BEING OF OLDER ADULTS BY PROVIDING RESIDENTIAL, HEALTH CARE, AND HOSPICE SERVICES.

Program Service Accomplishments

Program 1
Expenses: $70,145,518 Revenue: $78,576,612

CONTINUING CARE RETIREMENT COMMUNITY LUTHERAN HOMES OF SOUTH CAROLINA PROVIDED HOUSING, HEALTHCARE, AND SUPPORTIVE SERVICES TO OLDER ADULTS THROUGH ITS FIVE CONTINUING CARE RETIREMENT COMMUNITIES...

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CONTINUING CARE RETIREMENT COMMUNITY LUTHERAN HOMES OF SOUTH CAROLINA PROVIDED HOUSING, HEALTHCARE, AND SUPPORTIVE SERVICES TO OLDER ADULTS THROUGH ITS FIVE CONTINUING CARE RETIREMENT COMMUNITIES: FRANKE AT SEASIDE, THE HERITAGE AT LOWMAN, RICE ESTATE, ROSECREST, AND TRINITY ON LAURENS. ACCOMMODATIONS INCLUDED 451 INDEPENDENT LIVING HOMES AND APARTMENTS, 189 ASSISTED LIVING UNITS, 57 ASSISTED LIVING MEMORY SUPPORT UNITS, AND 336 SKILLED NURSING BEDS. THE COMMUNITIES OFFER RESIDENTIAL LIVING, HEALTHCARE, WELLNESS PROGRAMMING, AND SUPPORTIVE SERVICES DESIGNED TO PROMOTE INDEPENDENCE, DIGNITY, AND QUALITY OF LIFE. OUTPATIENT THERAPY SERVICES WERE ALSO AVAILABLE TO RESIDENTS AND MEMBERS OF THE BROADER COMMUNITY.

Program 2
Expenses: $10,030,894 Revenue: $10,908,659

HOSPICE SERVICES LUTHERAN HOMES OF SOUTH CAROLINA, DOING BUSINESS AS LUTHERAN HOSPICE, PROVIDED COMPASSIONATE END-OF-LIFE CARE AND SUPPORTIVE SERVICES TO 632 TERMINALLY ILL PATIENTS AMD 1,896 FAMILY...

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HOSPICE SERVICES LUTHERAN HOMES OF SOUTH CAROLINA, DOING BUSINESS AS LUTHERAN HOSPICE, PROVIDED COMPASSIONATE END-OF-LIFE CARE AND SUPPORTIVE SERVICES TO 632 TERMINALLY ILL PATIENTS AMD 1,896 FAMILY CAREGIVERS. SERVICES EMPHASIZED COMFORT, SYMPTOM MANAGEMENT, EMOTIONAL AND SPIRITUAL SUPPORT, AND ASSISTANCE FOR FAMILIES NAVIGATING SERIOUS ILLNESS. CARE WAS DELIVERED IN PRIVATE HOMES, RETIREMENT COMMUNITIES, AND HEALTHCARE SETTINGS TO HELP INDIVIDUALS REMAIN IN FAMILIAR ENVIRONMENTS WHENEVER POSSIBLE.

Program 3
Expenses: $2,688,238 Revenue: $2,950,603

HOME SERVICES and community based services LUTHERAN HOMES OF SOUTH CAROLINA, DOING BUSINESS AS BEWELL HOME SERVICES, PROVIDED 72,875 HOURS OF LICENSED NONMEDICAL IN-HOME CARE TO 133 FAMILIES, HELPING...

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HOME SERVICES and community based services LUTHERAN HOMES OF SOUTH CAROLINA, DOING BUSINESS AS BEWELL HOME SERVICES, PROVIDED 72,875 HOURS OF LICENSED NONMEDICAL IN-HOME CARE TO 133 FAMILIES, HELPING OLDER ADULTS MAINTAIN INDEPENDENCE AND REMAIN AT HOME. SERVICES INCLUDED PERSONAL ASSISTANCE, COMPANIONSHIP, AND DAILY LIVING SUPPORT THAT CAN REDUCE CAREGIVER BURDEN AND DELAY OR PREVENT UNNECESSARY INSTITUTIONAL CARE. THE BEWELL@HOME CONTINUING CARE AT HOME PROGRAM PROVIDED WELLNESS COORDINATION, CARE PLANNING, AND SUPPORTIVE SERVICES TO 141 ENROLLED MEMBERS, HELPING PARTICIPANTS PROACTIVELY PLAN FOR FUTURE HEALTHCARE NEEDS WHILE MAINTAINING INDEPENDENCE AND COMMUNITY CONNECTION.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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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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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
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
2
$958,626
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
5
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
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