LUTHERAN SOCIAL MINISTRIES OF MARY… - Form 990 Financial Data

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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

2018

Legal Domicile

Principal Officer

JEFFREY W BRANCH

Phone

4148480090

Tax Period

2024-07-01 to 2025-06-30

LUTHERAN SOCIAL MINISTRIES OF MARYLAND, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $6.9M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $6.6M left a modest 5% surplus.

Mission

LUTHERAN SOCIAL MINISTRIES IS ORGANIZED TO RECEIVE AND ADMINISTER FUNDS FOR, TO ESTABLISH, MAINTAIN, SUPERVISE, COORDINATE, ASSIST AND PERFORM PLANNING AND OTHER FUNCTIONS FOR THE BENEFIT OF, OR TO CARRY OUT THE CHARITABLE, EDUCATIONAL, AND SERVICE PURPOSES OF THE SUPPORTED ORGANIZATIONS.

Program Service Accomplishments

Program 1

Expenses: $0 Revenue: $6,922,178

LUTHERAN SOCIAL MINISTRIES OF MARYLAND SERVES AS THE PARENT ORGANIZATION FOR IT'S SUBSIDIARIES OFFERING OVERALL MANAGEMENT SERVICES, STRATEGIC PLANNING, HUMAN RESOURCES MANAGEMENT, TREASURY SERVICES, IT SUPPORT, RISK MANAGEMENT, PHILANTHROPY, DEVELOPMENT AND MARKETING AND SALES OVERSHIGHT. IT HAS INITIATED HIRING FAIRS, STAFF APPRECIATION EVENTS, PLACEMENT OF INTERNS FROM COLLEGES AND POST-GRADUATE PROGRAMS, PHILANTHROPY EVENTS, ESTATE PLANNING PROGRAMS AND MULTIPILE MARKETING PROGRAMS. FURTHER, LSMMD OFFERS TREASURY MANAGEMENT, BILLING, ACCOUNTING SERVICES, RISK MANAGEMENT, INFORMATION TECHNOLOGY SUPPORT, STRATEGIC PLANNING AND GENERAL MANAGEMENT.IN ADDITION, LSMMD SUPPORTS INTERGENERATIONAL PARTNERSHIPS BETWEEN RESIDENTS AND STUDENTS; BOYS & GIRLS CLUB, LOCAL PUBLIC AND PRIVATE SCHOOLS AND CLUBS. LSMMD SUPPORTS INTERGENERATIONAL PROGRAMS IN OUR COMMUNITIES.

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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 $0

Program Service Revenue $6,922,178

Investment Income $0

Other Revenue $0

TOTAL REVENUE $6,922,178

Expense Breakdown

Grants Paid $0

Salaries & Benefits $4,543,976

Fundraising Expenses $1,075,636

Other Expenses $2,050,924

TOTAL EXPENSES $6,594,900

Year-over-Year Comparison

	2024	2023	Change
Revenue	$6,922,178	$6,139,311	+0.1%
Expenses	$6,594,900	$5,797,166	+0.1%
Net Income	$327,278	$342,145	0.0%

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

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

$1,108,187

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVE BOND	CHAIR	1.00	Officer Director	$0	$0	$0
JOE HIKEL	VICE CHAIR	1.00	Officer Director	$0	$0	$0
CHRIS BORCIK	TREASURER	1.00	Officer Director	$0	$0	$0
VICTORIA B HATHAWAYUNTIL 1024	SECRETARY/CHAIR	1.00	Officer Director	$0	$0	$0
REV DAVID BOLLINGER	BOARD	1.00	Director	$0	$0	$0
DAVE BOWERSOX	BOARD	1.00	Director	$0	$0	$0
VIC BROCCOLINOUNTIL 1024	BOARD	1.00	Director	$0	$0	$0
REV CRISTOPHER FRIGMUNTIL 1024	BOARD	1.00	Director	$0	$0	$0
ANANTA HEJEEBU	BOARD	1.00	Director	$0	$0	$0
STEVE LAMBERTSON	BOARD	1.00	Director	$0	$0	$0
PASTOR CHRIS LITTON	BOARD	1.00	Director	$0	$0	$0
LINDSAY MOSS	BOARD	1.00	Director	$0	$0	$0
PASTOR MATT PENSIGNER	BOARD	1.00	Director	$0	$0	$0
DOROTHY PLANTZ	BOARD	1.00	Director	$0	$0	$0
DAVID SCHAFERUNTIL 1024	BOARD	1.00	Director	$0	$0	$0
KENNETH CONNELLY	VP OF OPERATIONS	8.00	Officer	$236,046	$28,218	$264,264
JEFFREY W BRANCH	PRESIDENT/CEO	8.00	Officer	$527,238	$35,504	$562,742
STEVE POWELL	CHIEF FINANCIAL OFFICER	8.00	Officer	$272,812	$8,369	$281,181
TERRY MORSE	ASSISTANT VP CONSTRUCTION AND FACILITIES MANAGEME	40.00	Highest	$160,112	$5,334	$165,446
SUZANNE DYER-GEAR	VP OF HUMAN RESOURCES	40.00	Highest	$221,452	$6,770	$228,222
MONICA SLOAN	CONTROLLER	40.00	Highest	$162,312	$17,981	$180,293
LISA PEARRE	VP OF MARKETING & COMMUNICATIONS	40.00	Highest	$206,585	$8,079	$214,664
REGINA MILLS-HAAG	VP OF PHILANTHROPY	40.00	Highest	$201,638	$9,356	$210,994

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	$6,922,178	$6,594,900	$3,018,541	$327,278
2024	$6,139,311	$5,797,166	$2,564,110	$342,145
2023	$5,957,816	$5,681,401	$2,553,274	$276,415
2022	$5,293,321	$5,005,845	$1,812,450	$287,476
2021	$5,224,632	$4,425,819	$1,453,479	$798,813
2020	$4,202,996	$4,226,704	$1,235,292	$-23,708
2019	$2,163,993	$2,163,993	$1,067,486	No data

LUTHERAN SOCIAL MINISTRIES OF MARYLAND