Lutheran Residences Inc (EIN 596178232) - 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

1967

Legal Domicile

Principal Officer

Theresa Ziegler

Phone

7278963197

Tax Period

2023-01-01 to 2023-12-31

Lutheran Residences Inc, founded in 1967, is a micro nonprofit in the Housing & Shelter sector that reported $68K in total revenue in fiscal year 2023. The organization ran a surplus of $52K, a strong 77% operating margin.

Mission

We are a senior housing organization. Our mission is to provide affordable housing and other services to low-income elderly persons. Lutheran Residences, Inc. owned and operated two HUD housing projects which were transferred to related entities. Lutheran Residences, Inc. continues to operate as a general partner in other housing developments.

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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 $0

Program Service Revenue $0

Investment Income $67,737

Other Revenue $0

TOTAL REVENUE $67,737

Expense Breakdown

Grants Paid $15,497

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $15,497

Other Expenses $0

TOTAL EXPENSES $15,497

Year-over-Year Comparison

	2023	2022	Change
Revenue	$67,737	$66,437	+0.0%
Expenses	$15,497	$1,502,719	-1.0%
Net Income	$52,240	$-1,436,282	-1.0%

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

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
Wally Hopkins	Director	1.00	Director	$0	$0	$0
James Geschke	Director	1.00	Director	$0	$0	$0
Daryl Stewart	Director	1.00	Director	$0	$0	$0
George Rahdert	Vice President	1.00	Officer Director	$0	$0	$0
Paul Gibson	Secretary	1.00	Officer Director	$0	$0	$0
Dennis Miller	Director	1.00	Director	$0	$0	$0
Theresa Ziegler	President	1.00	Officer Director	$0	$0	$0
Stephen Spinogatti	Director	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	No data	No data	No data	No data
2023	$67,737	$15,497	$2,782,444	$52,240
2022	$66,437	$1,502,719	$2,730,204	$-1,436,282
2021	$1,422,922	$1,120,090	$4,328,457	$302,832
2020	$1,399,720	$11,146,039	$4,141,523	$-9,746,319
2019	$14,047,066	$2,176,707	$14,473,903	$11,870,359
2018	$2,662,893	$2,607,451	$6,523,280	$55,442

Lutheran Residences Inc