LUTHERAN HAVEN INC (EIN 590637873) - 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

1972

Legal Domicile

Principal Officer

JERRY GRIFFING

Phone

4073655676

Tax Period

2024-09-01 to 2025-08-31

LUTHERAN HAVEN INC, founded in 1972, is a mid-sized nonprofit in the Human Services sector that reported $13.4M in total revenue in fiscal year 2024.

Mission

THE MISSION OF LUTHERAN HAVEN IS TO PROVIDE A QUALITY CHRIST-CENTERED HAVEN OF CARE TO OLDER ADULTS

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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 $766,467

Program Service Revenue $10,825,433

Investment Income $525,835

Other Revenue $1,235,178

TOTAL REVENUE $13,352,913

Expense Breakdown

Grants Paid $0

Salaries & Benefits $6,730,994

Fundraising Expenses $114,975

Program Expenses $12,708,918

Other Expenses $7,400,502

TOTAL EXPENSES $14,204,260

Year-over-Year Comparison

	2024	2023	Change
Revenue	$13,352,913	$12,918,586	+0.0%
Expenses	$14,204,260	$13,290,918	+0.1%
Net Income	$-851,347	$-372,332	+1.3%

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

216

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

$309,990

Total Directors

$309,990

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JERRY GRIFFING	CEO	40.00	Officer Director	$156,409	$3,412	$159,821
MICHAEL RAY	CFO	40.00	Officer Director	$146,453	$3,716	$150,169
JULIE ISEMAN	HOME HEALTH ADM	40.00	Highest	$122,827	$0	$122,827
WILLIAM HALE	DIRECTOR	3.00	Director	$0	$0	$0
GEORGE HANSELL	SECRETARY	3.00	Officer Director	$0	$0	$0
WM ARP	DIRECTOR	3.00	Director	$0	$0	$0
DANIEL BERTEAU	DIRECTOR	3.00	Director	$0	$0	$0
ARDYNE KIRN	DIRECTOR	3.00	Director	$0	$0	$0
WALDEMAR VIN0VSKIS	DIRECTOR	3.00	Director	$0	$0	$0
TIGE CULBERTSON	DIRECTOR	3.00	Director	$0	$0	$0
WENDY CLARK	DIRECTOR	3.00	Director	$0	$0	$0
JON CARPENTER	DIRECTOR	3.00	Director	$0	$0	$0
LOUIS SCHAEFER	DIRECTOR	3.00	Director	$0	$0	$0
SUSAN HANNAS	PRESIDENT	5.00	Officer	$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
2025	$13,352,913	$14,204,260	$49,852,455	$-851,347
2024	$12,918,586	$13,290,918	$50,418,516	$-372,332
2023	$11,605,149	$12,021,189	$46,830,834	$-416,040
2022	$10,072,809	$12,756,024	$45,303,485	$-2,683,215
2021	$14,795,966	$15,311,093	$50,707,135	$-515,127
2020	$16,723,035	$15,283,301	$49,878,985	$1,439,734
2019	$13,688,282	$14,686,343	$48,934,872	$-998,061
2018	$12,469,637	$12,604,004	$40,147,478	$-134,367

LUTHERAN HAVEN INC