LUTHERHAUS OF LINCOLNTON INC (EIN 581433113) - 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

1981

Legal Domicile

Principal Officer

BEN ROBINSON

Phone

3365442300

Tax Period

2023-10-01 to 2024-09-30

LUTHERHAUS OF LINCOLNTON INC, founded in 1981, is a small nonprofit in the Housing & Shelter sector that reported $298K in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion. Expenses of $270K left a modest 10% surplus.

Mission

TO PROVIDE HOUSING TO ELDERLY AND HANDICAPPED.

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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 $218,187

Program Service Revenue $74,915

Investment Income $2,379

Other Revenue $2,401

TOTAL REVENUE $297,882

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $255,786

Other Expenses $269,537

TOTAL EXPENSES $269,537

Year-over-Year Comparison

	2023	2022	Change
Revenue	$297,882	$254,334	+0.2%
Expenses	$269,537	$239,762	+0.1%
Net Income	$28,345	$14,572	+0.9%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BEN ROBINSON	PRESIDENT	1.00	Officer Director	$0	$0	$0
JIM WILLIAMS	VICE-PRESIDENT	1.00	Officer Director	$0	$0	$0
LEON HARMON	TREASURER	1.00	Officer Director	$0	$0	$0
VERA LANIER	SECRETARY	1.00	Officer Director	$0	$0	$0
JENNIFER LITTLE	BOARD MEMBER	1.00	Director	$0	$0	$0
DARA JARRETT	BOARD MEMBER	1.00	Director	$0	$0	$0
CATHERINE LOUNSBURY	BOARD MEMBER	1.00	Director	$0	$0	$0
PAULETTE RUDISILL	BOARD MEMBER	1.00	Director	$0	$0	$0
JIM SAIN	BOARD MEMBER	1.00	Director	$0	$0	$0
REV JUDY L DRYSDALE	BOARD MEMBER	1.00	Director	$0	$0	$0
DORIS LITTLE	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	$297,882	$269,537	$474,974	$28,345
2023	$254,334	$239,762	$487,726	$14,572
2022	$237,225	$250,813	$510,509	$-13,588
2021	$247,561	$216,179	$556,990	$31,382
2020	$233,765	$219,914	$561,573	$13,851
2019	$230,959	$230,008	$577,765	$951
2018	$226,625	$215,488	$599,793	$11,137

LUTHERHAUS OF LINCOLNTON INC