LUTHERAN SOCIAL SERVICES OF COLORADO

EIN: 840775550 501(c)(3)

DENVER, CO

Total Revenue
$35,531,815
Total Expenses
$35,206,716
Total Assets
$11,231,554
Net Assets
$4,904,259
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1948
Legal Domicile
CO
Principal Officer
JAMES HORAN
Phone
3039223433
Tax Period
2023-07-01 to 2024-06-30

LUTHERAN SOCIAL SERVICES OF COLORADO, founded in 1948, is a mid-sized nonprofit that reported $35.5M in total revenue in fiscal year 2023. Revenue grew 15% year-over-year, indicating healthy expansion.

Mission

ROOTED IN THE VALUES OF KINDNESS, DIGNITY AND SOCIAL JUSTICE, LFSRM STRENGHTENS COMMUNITIES BY PROVIDING SUPPORT, GUIDANCE, AND RESOURCE COORDINATION TO INDIVIDUALS AND FAMILIES THROUGHOUT THE ROCKY MOUNTAIN REGION.

Program Service Accomplishments

Program 1
Expenses: $7,230,211 Revenue: $7,665,131

FOSTER CARE SERVICES: IN THE PAST YEAR, LFSRM'S FOSTER CARE PROGRAMS PROVIDED 47,027 NIGHTS OF CARE FOR 174 CHILDREN AND YOUTH ACROSS THE FRONT RANGE OF COLORADO WHO WERE UNABLE TO REMAIN IN THEIR...

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FOSTER CARE SERVICES: IN THE PAST YEAR, LFSRM'S FOSTER CARE PROGRAMS PROVIDED 47,027 NIGHTS OF CARE FOR 174 CHILDREN AND YOUTH ACROSS THE FRONT RANGE OF COLORADO WHO WERE UNABLE TO REMAIN IN THEIR HOME OR WITH FAMILY. THE PROGRAM CARED FOR 95 YOUTH WHO WERE TEMPORARILY REMOVED FROM THEIR HOMES DUE TO ABUSE AND NEGLECT, AND 79 UNACCOMPANIED REFUGEE MINORS WHOSE PARENTS AND CAREGIVERS WERE UNABLE TO BE LOCATED AFTER HAVING FLED THEIR HOME COUNTRIES DUE TO WAR, UNREST OR OTHER VALID CONCERNS FOR SAFETY. LFSRM CERTIFIES AND TRAINS PARENTS TO PROVIDE HIGH QUALITY CARE TO CHILDREN AND YOUTH WHO ARE UNABLE TO BE CARED FOR BY THEIR BIOLOGICAL PARENTS OR KIN AND PROVIDES ONGOING SUPPORT AND OVERSIGHT TO ENSURE THE HEALTH, SAFETY, AND WELLBEING OF CHILDREN IN CARE. THE AGENCY PROVIDES EVIDENCE BASED TRAINING TO ENSURE FAMILIES ARE WELL PREPARED TO MEET THE NEEDS OF CHILDREN PLACED IN THEIR HOMES IN A TRAUMA INFORMED MANNER. ADDITIONALLY, THE AGENCY PROVIDES HIGH QUALITY CASE MANAGEMENT AND ENHANCED SUPPORTS, INCLUDING CLINICAL SERVICES FOR CHILDREN AND FAMILIES, AND SPECIALIZE CULTURALLY AND LINGUISTICALLY APPROPRIATE FOSTER CARE AND INDEPENDENT LIVING SERVICES THAT FACILITATE SOCIAL, CULTURAL, AND ECONOMIC INTEGRATION FOR CHILDREN WHO ARE UNABLE TO BE REUNIFIED WITH THEIR FAMILY OR KIN. IN FY 2024, LFSRM MAINTAINED A PLACEMENT STABILITY RATE OF ONLY 1 CHANGE IN PLACEMENT PER 1,000 NIGHTS OF CARE, FAR BELOW THE STATE AVERAGE OF 3.52 MOVES PER 1,000 NIGHTS OF CARE.

Program 2
Expenses: $22,995,249 Revenue: $22,397,976

REFUGEE RESETTLEMENT SERVICES: IN THE PAST YEAR, LFSRM'S REFUGEE RESETTLEMENT PROGRAMS SERVED 6,259 INDIVIDUALS FROM 68 COUNTRIES WITH RESETTLEMENT SERVICES THROUGHOUT COLORADO AND NEW MEXICO AND A...

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REFUGEE RESETTLEMENT SERVICES: IN THE PAST YEAR, LFSRM'S REFUGEE RESETTLEMENT PROGRAMS SERVED 6,259 INDIVIDUALS FROM 68 COUNTRIES WITH RESETTLEMENT SERVICES THROUGHOUT COLORADO AND NEW MEXICO AND A SMALL NUMBER OF CLIENTS IN MONTANA. LFSRM PROVIDES QUALITY CASE MANAGEMENT AND A RANGE OF SERVICES TO FACILITATE SOCIAL, CULTURAL, AND ECONOMIC INTEGRATION FOR THE WHOLE FAMILY, ASSISTING WITH HOUSING, EDUCATION, EMPLOYMENT, AND CONNECTION TO A VARIETY OF OTHER SERVICES TO MEET INDIVIDUAL AND FAMILY NEEDS. DURING THE FISCAL YEAR, CLIENTS SERVED BY LFSRM'S RESETTLEMENT PROGRAMS WERE ON AVERAGE PLACED IN PERMANENT HOUSING WITHIN 5.14 DAYS OF ARRIVAL AND WERE EMPLOYED WITHIN 4.25 MONTHS OF ARRIVAL. ADDITIONAL SERVICES THIS YEAR INCLUDED REFUGEE YOUTH EDUCATION PROGRAMMING, YOUTH FOCUSED SOCIAL-EMOTIONAL SKILL BUILDING AND MENTORING SERVICES, AND EARLY CHILDHOOD EDUCATION PROGRAMMING FOR REFUGEE WOMEN. THE PROGRAM ALSO OFFERED MICRO-LOANS AND INDIVIDUAL DEVELOPMENT ACCOUNTS TO SUPPORT SMALL BUSINESS CREATION AND ASSET ATTAINMENT.

Program 3
Expenses: $639,945 Revenue: $793,258

DISASTER RELIEF: IN THE PAST YEAR, LFSRM COMPLETED DISASTER CASE MANAGEMENT SUPPORT AND RECOVERY ASSISTANCE TO RESIDENTS WHO WERE IMPACTED BY THE MARSHALL FIRE AND STRAIGHTLINE WIND EVENT WHICH...

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DISASTER RELIEF: IN THE PAST YEAR, LFSRM COMPLETED DISASTER CASE MANAGEMENT SUPPORT AND RECOVERY ASSISTANCE TO RESIDENTS WHO WERE IMPACTED BY THE MARSHALL FIRE AND STRAIGHTLINE WIND EVENT WHICH DESTROYED AND DAMAGED MORE THAN 1,000 HOMES IN LOUISVILLE, SUPERIOR AND PARTS OF UNINCORPORATED BOULDER COUNTY, COLORADO. RECOVERY NAVIGATORS PROVIDED VITAL SUPPORT TO INDIVIDUALS AND FAMILIES INCLUDING CONNECTION TO EMERGENCY FINANCIAL ASSISTANCE FOR THOSE FACING HOUSING AND FOOD INSTABILITY, EDUCATION ON AVAILABLE RESOURCES AND COMPLEX REBUILDING PROCESSES, ASSISTANCE WITH APPLICATIONS FOR AVAILABLE FUNDING, EMOTIONAL AND SPIRITUAL CARE, AND ADVOCACY ON BEHALF OF IMPACTED RESIDENTS. DURING THE FISCAL YEAR THE PROGRAM PROVIDED SERVICES TO 957 HOUSEHOLDS.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,560,804
Program Service Revenue $32,002,235
Investment Income $49,429
Other Revenue $-80,653
TOTAL REVENUE $35,531,815

Expense Breakdown

Grants Paid $14,593,281
Salaries & Benefits $15,517,433
Fundraising Expenses $410,508
Program Expenses $31,965,581
Other Expenses $5,096,002
TOTAL EXPENSES $35,206,716

Year-over-Year Comparison

2023 2022 Change
Revenue $35,531,815 $30,865,039 +0.2%
Expenses $35,206,716 $31,819,045 +0.1%
Net Income $325,099 $-954,006 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
15
Independent Members
15
Employees
334
Volunteers
400

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
10
$605,861
Total Directors
17
$0
Key Employees
0
$0
Highest Compensated
2
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LORI ANN FUJIOKA KNUTSON VICE CHAIR-BOARD DEVEL./BOARD CHAIR 2.00
Officer Director
$0 $0 $0
MARJORIE VERSEN VICE CHAIR-FINANCE/BOARD CHAIR 1.00
Officer Director
$0 $0 $0
TOM BROOK VICE CHAIR-FINANCE 1.00
Officer Director
$0 $0 $0
JEFF SOLOMONSON VICE CHAIR-RESOURCE DEVELOPMENT 1.00
Officer Director
$0 $0 $0
ERIC STOLP SECRETARY/VICE CHAIR-BOARD DEVEL. 1.00
Officer Director
$0 $0 $0
NGA VUONG-SANDOVAL VICE CHAIR-PROGRAM SERVICES 1.00
Officer Director
$0 $0 $0
MARIBEL ALVAREZ DIRECTOR (THRU 12/2023) 0.50
Director
$0 $0 $0
CONSTANTINO CRUZ DIRECTOR 0.50
Director
$0 $0 $0
JOE DESJARDIN DIRECTOR 0.50
Director
$0 $0 $0
PASTOR NICOLE FERRY DIRECTOR 0.50
Director
$0 $0 $0
CAROL GARRINGTON DIRECTOR (THRU 12/2023) 0.50
Director
$0 $0 $0
AMY JOHNSON DIRECTOR 0.50
Director
$0 $0 $0
JULIE MCNITT DIRECTOR 0.50
Director
$0 $0 $0
MARY JOE MICHELS DIRECTOR 0.50
Director
$0 $0 $0
MARGARITA REYES DIRECTOR 0.50
Director
$0 $0 $0
FRANK VIRGINIA DIRECTOR 0.50
Director
$0 $0 $0
PETER WHITMORE DIRECTOR 0.50
Director
$0 $0 $0
JAMES HORAN CEO/PRESIDENT 40.00
Officer
$182,319 $8,280 $190,599
BRIAN BRANT SENIOR VICE PRESIDENT OF PROGRAMS 40.00
Officer
$140,700 $6,367 $147,067
JULIE TURCK VP-FINANCE & ADMINISTRATION 40.00
Officer
$131,406 $8,280 $139,686
MARGO HATTON VP-RESOURCE DEVELOPMENT 40.00
Officer
$120,763 $7,746 $128,509
DAMIR BASIC DIVISION DIRECTOR OF REFUGEE & ASYLEE PROGRAMS 40.00
Highest
$116,011 $8,280 $124,291
MATTHEW MAUGHON DIRECTOR OF OPERATIONS 40.00
Highest
$106,530 $16,146 $122,676
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 No data No data No data No data
2024 $35,531,815 $35,206,716 $11,231,554 $325,099
2023 $30,865,039 $31,819,045 $10,760,858 $-954,006
2022 $24,812,316 $23,962,867 $7,162,135 $849,449
2021 $15,365,278 $14,455,172 $5,962,454 $910,106
2020 $13,536,575 $13,337,555 $5,552,085 $199,020
2019 $13,427,291 $13,367,119 $4,246,026 $60,172
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