LUTHERAN SOCIAL SERVICES OF NEVADA (EIN 860845241) - 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

1996

Legal Domicile

Principal Officer

TIM BEDWELL

Phone

7026391730

Tax Period

2022-07-01 to 2023-06-30

LUTHERAN SOCIAL SERVICES OF NEVADA, founded in 1996, is a community nonprofit in the Human Services sector that reported $3.3M in total revenue in fiscal year 2022. Revenue grew 16% year-over-year, indicating healthy expansion.

Mission

TO EXPRESS THE LOVE OF CHRIST BY SERVING AND CARING FOR 8,000 - 10,000 FAMILIES IN NEED - FOOD ASSISTANCE, NUTRITION EDUCATION, SNAP (FORMERLY KNOWN AS FOOD STAMPS) ASSISTANCE, CONGREGATE HOT MEAL PROGRAMS FOR SENIORS, HEALTH INSURANCE FOR LOW INCOME FAMILIES, HOLIDAY GIFT PROGRAMS, AND TEMPORARY FINANCIAL ASSISTANCE WITH RENT, UTILITIES, BIRTH CERTIFICATE AND NEVADA STATE IDENTIFICATION PROGRAMS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $3,278,395

Program Service Revenue $0

Investment Income $466

Other Revenue $25,908

TOTAL REVENUE $3,304,769

Expense Breakdown

Grants Paid $1,635,914

Salaries & Benefits $1,323,907

Fundraising Expenses $109,766

Program Expenses $2,761,467

Other Expenses $324,915

TOTAL EXPENSES $3,284,736

Year-over-Year Comparison

	2022	2021	Change
Revenue	$3,304,769	$2,846,523	+0.2%
Expenses	$3,284,736	$2,884,276	+0.1%
Net Income	$20,033	$-37,753	-1.5%

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

$245,860

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
TIM BEDWELL	FY24 CEO	40.00	Officer	$0	$0	$0
ARMENA MNATSAKANYAN	FY23 ED	40.00	Officer	$157,776	$2,288	$160,064
LISA LEDET	FY23 FINANCE	40.00	Officer	$84,570	$1,226	$85,796
CHAD KAERCHER	PRESIDENT	2.00	Officer Director	$0	$0	$0
KELLY PETERSON	VICE PRESIDE	2.00	Officer Director	$0	$0	$0
SHAWN DAVIS	SECRETARY	2.00	Officer Director	$0	$0	$0
ADAM KENT	TREASURER	2.00	Officer Director	$0	$0	$0
MICHELE BEDWELL	DIRECTOR	2.00	Director	$0	$0	$0
NICO JOHNSON	DIRECTOR	2.00	Director	$0	$0	$0
DON LORFING	DIRECTOR	2.00	Director	$0	$0	$0
ROBERT NEWMAN	DIRECTOR	2.00	Director	$0	$0	$0
CHARLY PAELINCK	DIRECTOR	2.00	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	$3,304,769	$3,284,736	$3,931,602	$20,033
2022	$2,846,523	$2,884,276	$4,055,235	$-37,753
2021	$4,080,126	$3,962,967	$3,917,058	$117,159
2020	$3,971,169	$4,077,412	$3,985,641	$-106,243
2019	$3,167,879	$2,943,176	$3,823,342	$224,703
2018	$2,701,242	$2,747,104	$3,593,534	$-45,862

LUTHERAN SOCIAL SERVICES OF NEVADA