SAPPHIRE LUTHERAN HOMES INC

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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

Principal Officer

Cole Harden

Phone

4063632800

Tax Period

2023-01-01 to 2023-12-31

SAPPHIRE LUTHERAN HOMES INC, founded in 1988, is a community nonprofit that reported $4.0M in total revenue in fiscal year 2023.

Mission

QUALITY HOUSING FOR THE ELDERLY

Program Service Accomplishments

Program 1

Expenses: $1,810,307 Revenue: $1,811,387

COMMUNITY BASED ASSISTED LIVING FACILITY ESTABLISHED TO MEET THE PHYSICAL AND SOCIAL NEEDS OF SENIOR CITIZENS IN THE COMMUNITY. IT PROVIDES TOTAL UNSUBSIDIZED CONGREGATE LIVING INCLUDING HOUSING...

COMMUNITY BASED ASSISTED LIVING FACILITY ESTABLISHED TO MEET THE PHYSICAL AND SOCIAL NEEDS OF SENIOR CITIZENS IN THE COMMUNITY. IT PROVIDES TOTAL UNSUBSIDIZED CONGREGATE LIVING INCLUDING HOUSING, THREE MEALS/DAY, BASIC HOUSEKEEPING AND MAINTENANCE AMENITIES FOR 22 CATAGORY A ASSISTED LIVING APARTMENTS AND 13 CATEGORY C ASSISTED LIVING APARTMENTS. SEVEN OF THE 35 APARTMENTS ARE SET ASIDE TO SPECIFICALLY SERVE LOW INCOME RESIDENTS. 35 TOTAL RESIDENT APARTMENTS.

Program 2

Expenses: $1,310,949 Revenue: $1,583,473

COMMUNITY BASED RETIREMENT FACILITY ESTABLISHED TO MEET THE PHYSICAL AND SOCIAL NEEDS OF SENIOR CITIZENS IN THIS COMMUNITY. IT PROVIDES TOTAL UNSUBSIDIZED CONGREGATE LIVING INCLUDING HOUSING, TWO...

COMMUNITY BASED RETIREMENT FACILITY ESTABLISHED TO MEET THE PHYSICAL AND SOCIAL NEEDS OF SENIOR CITIZENS IN THIS COMMUNITY. IT PROVIDES TOTAL UNSUBSIDIZED CONGREGATE LIVING INCLUDING HOUSING, TWO MEALS/DAY, BASIC HOUSEKEEPING AND MAINTENANCE AMENITIES FOR 40 APARTMENTS. TOTAL 40 APARTMENTS.

Program 3

Expenses: $590,629 Revenue: $521,667

LOW INCOME HUD PROJECT PROVIDING QUALITY HOUSING TO LOW INCOME, PREDOMINANTLY ELDERLY RESIDENTS, WITH 10% OF UNITS DESIGNATED FOR YOUNGER/DISABLED RESIDENTS, WHO QUALIFY FOR PROJECT BASED SECTION 8...

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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 $66,542

Program Service Revenue $3,916,527

Investment Income $63,856

Other Revenue $0

TOTAL REVENUE $4,046,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $2,028,110

Fundraising Expenses $0

Program Expenses $3,711,885

Other Expenses $2,061,598

TOTAL EXPENSES $4,089,708

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,046,925	$3,749,339	+0.1%
Expenses	$4,089,708	$3,956,528	+0.0%
Net Income	$-42,783	$-207,189	-0.8%

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

101

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	Role	Reportable Comp	Other Comp	Total
Chuck Shonkwiler	Director	Director	$0	$0	$0
Dean Drake	Director	Director	$0	$0	$0
Nan Jorgenson	Director	Director	$0	$0	$0
Bill Rummel	Vice President	Officer Director	$0	$0	$0
Dorothy Rummel	Director	Director	$0	$0	$0
Amber Richardson	Director	Director	$0	$0	$0
Celeste Pogachar	Secretary	Officer Director	$0	$0	$0
Cole Harden	Executive Dir.	Director	$0	$0	$0
Tom Grymes	Director	Director	$0	$0	$0
Jeffery Stahlecker	President	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	$4,046,925	$4,089,708	$7,740,777	$-42,783
2022	$3,749,339	$3,956,528	$7,796,023	$-207,189
2021	$3,835,843	$3,869,121	$8,356,929	$-33,278
2020	$4,176,605	$3,803,487	$8,240,427	$373,118
2019	$3,687,816	$3,701,189	$7,925,498	$-13,373
2018	$3,594,627	$3,533,684	$7,988,918	$60,943