ENDOWMENT FUND OF SLVG LUTHERAN HOME (EIN 770153001) - 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

1988

Legal Domicile

Phone

8056883263

Tax Period

2023-01-01 to 2023-12-31

ENDOWMENT FUND OF SLVG LUTHERAN HOME, founded in 1988, is a micro nonprofit in the Health Care sector that reported $18K in total revenue in fiscal year 2023. Expenses of $167K exceeded revenue, resulting in a 803% operating deficit.

Mission

THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO PROCURE, MANAGE AND INVEST DONATIONS TO THE ENDOWMENT FUND IN ORDER TO EXTEND FINANCIAL ASSISTANCE FOR THE OPERATRION, MAINTENANCE,IMPROVEMENT AND EXPANSION OF THE SOLVANG LUTHERAN HOME, INC. FOR CURRENT RESIDENTS, WHILE PRESERVING AND GROWING THE CORPUS TO BENEFIT BOTH CURRENT AND FUTURE RESIDENTS.

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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 $3,285

Program Service Revenue $0

Investment Income $-39,278

Other Revenue $54,467

TOTAL REVENUE $18,474

Expense Breakdown

Grants Paid $7,489

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $158,803

Other Expenses $159,278

TOTAL EXPENSES $166,767

Year-over-Year Comparison

	2023	2022	Change
Revenue	$18,474	$-1,385,646	-1.0%
Expenses	$166,767	$224,137	-0.3%
Net Income	$-148,293	$-1,609,783	-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

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
TOM OLMSTEAD	Director	5.00	Director	$0	$0	$0
BARBARA WAER	Director	5.00	Director	$0	$0	$0
MIKE SGOBBA	Director	5.00	Director	$0	$0	$0
BILL CIRONE	Vice President	5.00	Officer Director	$0	$0	$0
MARTHA NEDEGAARD	Director	5.00	Director	$0	$0	$0
JANET OLIVERA	President	5.00	Officer Director	$0	$0	$0
JANEEN CASSIDY	Secretary	5.00	Officer 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	$18,474	$166,767	$9,705,100	$-148,293
2022	$-1,385,646	$224,137	$8,623,444	$-1,609,783
2021	$901,581	$169,513	$10,233,227	$732,068
2020	$1,096,293	$182,571	$9,501,159	$913,722
2019	$1,340,506	$207,971	$8,591,743	$1,132,535
2018	$293,289	$191,998	$7,454,902	$101,291

ENDOWMENT FUND OF SLVG LUTHERAN HOME