LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF OHIO INC (EIN 873374872) - 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

2021

Legal Domicile

Principal Officer

CHRISTOPHER STEINMANN

Phone

4403567155

Tax Period

2023-01-01 to 2023-12-31

LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF OHIO INC, founded in 2021, is a small nonprofit in the Education sector that reported $520K in total revenue in fiscal year 2023. The organization ran a surplus of $184K, a strong 35% operating margin.

Mission

PROMOTE THE OPPORTUNITY FOR STUDENTS TO ATTEND NON-PUBLIC, FAITH BASED, PRESCHOOL, ELEMENTARY, MIDDLE, AND HIGH SCHOOLS IN OHIO BY OFFERING SCHOLARSHIPS GIVING PRIORITY TO LOW INCOME STUDENTS DEFINED AS STUDENTS WHOSE HOUSEHOLD INCOME IS UNDER 300% OF THE POVERTY THRESHOLD.

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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 $512,566

Program Service Revenue $0

Investment Income $7,094

Other Revenue $0

TOTAL REVENUE $519,660

Expense Breakdown

Grants Paid $302,399

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $302,399

Other Expenses $33,497

TOTAL EXPENSES $335,896

Year-over-Year Comparison

	2023	2022	Change
Revenue	$519,660	$501,965	+0.0%
Expenses	$335,896	$64,167	+4.2%
Net Income	$183,764	$437,798	-0.6%

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

N/A

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

$212,383

Total Directors

$212,383

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KEVIN CREUTZ	PRESIDENT	1.00	Officer Director	$0	$0	$0
ASHLEY KOZA	SECRETARY/TREASURER	1.00	Officer Director	$0	$0	$73,645
CHRIS STEINMANN	CHAIRPERSON/VICE PRESIDENT	1.00	Officer Director	$0	$0	$138,738
JERRY MITCHELL	DIRECTOR	1.00	Director	$0	$0	$0
JIM LANDSKROENER	DIRECTOR	1.00	Director	$0	$0	$0
REGINA GRAY	DIRECTOR	1.00	Director	$0	$0	$0
MIKE SCHIEMANN	DIRECTOR	1.00	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
2023	$519,660	$335,896	$625,470	$183,764
2022	$501,965	$64,167	$437,798	$437,798

LUTHERAN SCHOLARSHIP GRANTING ORGANIZATION OF OHIO INC