LUTHERAN SOCIAL MINISTRIES OF MARYLAND

EIN: 832095898 501(c)(3) Community Improvement

WESTMINSTER, MD

Total Revenue
$6,922,178
Total Expenses
$6,594,900
Total Assets
$3,018,541
Net Assets
$2,343,912
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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
MD
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

THE ORGANIZATION PROVIDES MANAGEMENT, OPERATING, AND CAPITAL PLANNING FOR AFFILLIATES.

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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%)

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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

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Governance

Voting Members
11
Independent Members
11
Employees
38
Volunteers
15

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
7
$1,108,187
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
5
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
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