COLUMBIA LUTHERAN MINISTRIES

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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

1963

Legal Domicile

Principal Officer

DAVID HEYER

Phone

2066327400

Tax Period

2023-01-01 to 2023-12-31

COLUMBIA LUTHERAN MINISTRIES, founded in 1963, is a mid-sized nonprofit in the Health Care sector that reported $13.5M in total revenue in fiscal year 2023. Revenue surged 27% from the prior year, signaling strong growth momentum. Expenses of $13.1M left a modest 3% surplus.

Mission

Columbia Lutheran Home has practiced compassionate care since 1920. Offering short term rehabilitation and long term elder care we are guided by a holistic approach: our mission is to provide care for the whole person body, mind and spirit. Delivering the highest standard of care with dignity and respect is essential to our mission.

Program Service Accomplishments

Program 1

Expenses: $12,109,783 Revenue: $12,885,565

Columbia Lutheran Home has practiced compassionate care since 1920. Offering short term rehabilitation and long term elder care we are guided by a holistic approach: our mission is to provide care...

Columbia Lutheran Home has practiced compassionate care since 1920. Offering short term rehabilitation and long term elder care we are guided by a holistic approach: our mission is to provide care for the whole person - body, mind and spirit. Delivering the highest standard of care with dignity and respect is essential to our mission. Nearly 25,000 patient days are provided annually.

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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 $34,810

Program Service Revenue $12,885,565

Investment Income $561,924

Other Revenue $0

TOTAL REVENUE $13,482,299

Expense Breakdown

Grants Paid $0

Salaries & Benefits $7,991,183

Fundraising Expenses $0

Program Expenses $12,109,783

Other Expenses $5,074,565

TOTAL EXPENSES $13,065,748

Year-over-Year Comparison

	2023	2022	Change
Revenue	$13,482,299	$10,623,777	+0.3%
Expenses	$13,065,748	$12,337,324	+0.1%
Net Income	$416,551	$-1,713,547	-1.2%

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

186

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

$341,149

Total Directors

Key Employees

$168,196

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HABIB HARIRI	RN	112.00	Highest	$427,702	$14,464	$442,166
DAVID HEYER	PRESIDENT/ADMINISTRATOR	40.00	Officer	$208,740	$53,708	$262,448
ROZINA KETSELA	RN	55.00	Highest	$169,175	$6,767	$175,942
TAMELA OGLESBY	DIRECTOR OF NURSING	40.00	Key Emp	$164,659	$3,537	$168,196
THERESA SUTHERLAND	NAC	81.00	Highest	$162,604	$6,605	$169,209
BISRAT BEDASSA	RN	54.00	Highest	$140,705	$5,736	$146,441
SHALLUM LEGASPI	LPN	52.00	Highest	$140,152	$5,810	$145,962
CINDY SEARS	DIRECTOR OF FINANCE/TREASURER	23.00	Officer	$74,680	$4,021	$78,701
CAROLINE ALABACH	BOARD MEMBER	1.00	Director	$0	$0	$0
KEITH MAHLER	BOARD MEMBER	1.00	Director	$0	$0	$0
ED MASON	BOARD MEMBER	1.00	Director	$0	$0	$0
BARBARA GRAHAM	BOARD MEMBER	1.00	Director	$0	$0	$0
CHARLOTTE MCGINNESS	BOARD MEMBER	1.00	Director	$0	$0	$0
JANET SMITH	CHAIRPERSON	1.00	Director	$0	$0	$0
BILL PURCELL	BOARD MEMBER	1.00	Director	$0	$0	$0
ANNE LOHRMANN	BOARD MEMBER	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
2024	No data	No data	No data	No data
2023	$13,482,299	$13,065,748	$21,436,937	$416,551
2022	$10,623,777	$12,337,324	$20,403,692	$-1,713,547
2021	$15,197,000	$12,682,828	$23,787,297	$2,514,172
2020	$13,009,470	$13,944,599	$23,225,094	$-935,129
2019	$15,015,408	$14,691,202	$21,988,273	$324,206
2018	$14,885,928	$13,559,264	$21,286,859	$1,326,664