Lutheran Retirement Center At Lutheridge Inc (EIN 581823983) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Phone

7046372870

Tax Period

2023-10-01 to 2024-09-30

Lutheran Retirement Center At Lutheridge Inc, founded in 1988, is a community nonprofit in the Housing & Shelter sector that reported $4.5M in total revenue in fiscal year 2023. The organization ran a surplus of $1.2M, a strong 26% operating margin.

Mission

EMPOWERED BY CHRIST, WE WALK TOGETHER WITH ALL WE SERVE.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,080

Program Service Revenue $4,367,031

Investment Income $79,245

Other Revenue $66,805

TOTAL REVENUE $4,514,161

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,827,500

Fundraising Expenses $0

Program Expenses $2,609,423

Other Expenses $1,527,146

TOTAL EXPENSES $3,354,646

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,514,161	$4,579,408	0.0%
Expenses	$3,354,646	$3,170,229	+0.1%
Net Income	$1,159,515	$1,409,179	-0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

112

Volunteers

N/A

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

$825,640

Total Directors

$429,211

Key Employees

$295,440

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Ted Goins	President/CEO	1.0	Officer Director	$0	$13,158	$429,211
Cary M Grant	Vice Chair	1.0	Director	$0	$0	$0
Gregory Hudgins	Chair	1.0	Director	$0	$0	$0
Karen Maddry	Secretary	1.0	Officer	$0	$10,047	$94,526
Kirby Nickerson	Chief Financial Officer	1.0	Officer	$0	$15,848	$301,903
Kesha Smith	Chief Operating Officer	1.0	Key Emp	$0	$14,715	$295,440

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	$4,514,161	$3,354,646	$10,641,584	$1,159,515
2023	$4,579,408	$3,170,229	$9,089,105	$1,409,179
2022	$4,470,523	$3,039,007	$7,684,642	$1,431,516
2021	$3,058,007	$3,220,220	$6,554,773	$-162,213
2020	$3,552,194	$3,144,355	$6,757,560	$407,839
2019	$3,530,977	$3,158,419	$6,615,321	$372,558
2018	$3,755,737	$3,105,203	$6,350,680	$650,534

Lutheran Retirement Center At Lutheridge Inc