SEATTLE, WA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)THE LUTHERAN RETIREMENT HOME OF GREATER SEATTLE, founded in 1961, is a mid-sized nonprofit in the Housing & Shelter sector that reported $23.9M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.
THE HEARTHSTONE, A LIFE PLAN COMMUNITY, A SEATTLE LANDMARK SINCE 1966, IS WELL REGARDED FOR COMFORT, HEALTH AND SENIOR WELLNESS. OUR GOAL IS TO PROVIDE A FULL RANGE OF OPTIONS WITH 162 INDEPENDENT LIVING APARTMENTS, 36 ASSISTED LIVING APARTMENTS, 12 MEMORY CARE APARTMENTS, AND CAN ACCOMODATE 40 RESIDENTS IN OUR HEALTH CARE CENTER WITH 24-HOUR NURSING CARE. THE HEARTHSTONE ALSO PROVIDES DAILY ACTIVITIES, THREE MEALS A DAY, REHABILITATION SERVICES FOR WELLNESS TO RECOVERY, AND HOSPICE SERVICES. THE CHAPEL IS OPEN FOR WEEKLY VESPER SERVICES, MUSIC RECITALS BY LOCAL STUDENTS, AND BOARD MEETINGS FOR OTHER NOT-FOR-PROFIT BUSINESSES. THROUGH DONATIONS, THE HEARTHSTONE PROVIDES FINANCIAL ASSISTANCE TO RESIDENTS WHO HAVE OUTLIVED THEIR ASSETS WHILE LIVING INDEPENDENTLY OR IN ASSISTED LIVING. THE HEARTHSTONE'S HEALTH CARE CENTER IS ALSO AVAILABLE FOR NON-HEARTHSTONE RESIDENTS AGE 62 AND OVER NEEDING SHORT-TERM REHABILITATION SERVICES.
THE HEARTHSTONE OWNS AND OPERATES A LIFE PLAN COMMUNITY ("LAKESIDE") LOCATED IN SEATTLE, WASHINGTON, THAT INCLUDES 112 INDEPENDENT LIVING APARTMENTS, A SECOND FACILITY ("COVE WEST") THAT INCLUDES 28...
THE HEARTHSTONE OWNS AND OPERATES A LIFE PLAN COMMUNITY ("LAKESIDE") LOCATED IN SEATTLE, WASHINGTON, THAT INCLUDES 112 INDEPENDENT LIVING APARTMENTS, A SECOND FACILITY ("COVE WEST") THAT INCLUDES 28 INDEPENDENT LIVING APARTMENTS, AND A THIRD FACILITY ("COVE EAST") WITH 22 INDEPENDENT LIVING APARTMENTS. LAKESIDE ALSO INCLUDES A 40-BED NURSING CARE FACILITY, A 36-UNIT ASSISTED LIVING AREA, AND 12 MEMORY CARE APARTMENTS.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $23,868,004 | $20,485,068 | +0.2% |
| Expenses | $25,150,630 | $23,487,844 | +0.1% |
| Net Income | $-1,282,626 | $-3,002,776 | -0.6% |
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
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| LEE COHRS | CHAIR THEN SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| CAITLIN GRANT CPA VICE | CHAIR THEN CHAIR (THROUGH OCT 2023) | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| HARRY EDMON | SECRETARY THEN VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DOUG CUSTER CFP CAP | TRUSTEE THEN INTERIM CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| KARRIN DANIELS | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| TERI HIGBY CPA | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| DR ANN MELVIN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| MIKE OLDEN | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| KARI RALLO | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| CAROL REDFIELD | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REV ELISE SCOTT | TRUSTEE | 1.00 |
Director
|
$0 | $0 | $0 |
| REGGIE MULLIS | CHIEF EXECUTIVE OFFICER | 40.00 |
Officer
|
$268,017 | $82,748 | $350,765 |
| ROSIE VELASCO | CHIEF HEALTH CARE OFFICER | 40.00 |
Officer
|
$212,210 | $44,318 | $256,528 |
| JACK MCKITTRICK | CHIEF FINANCIAL OFFICER | 40.00 |
Officer
|
$146,501 | $48,812 | $195,313 |
| JEREMIAS RAMIREZ | REGISTERED NURSE | 40.00 |
Highest
|
$175,006 | $45,416 | $220,422 |
| EMILIANA CUPAT | DIRECTOR OF NURSING | 40.00 |
Highest
|
$122,583 | $54,625 | $177,208 |
| ANTHONY BAE | LICENSED PRACTICAL NURSE | 40.00 |
Highest
|
$115,287 | $28,790 | $144,077 |
| NIDA MOUSER | MDS COORDINATOR | 40.00 |
Highest
|
$114,515 | $19,572 | $134,087 |
| JILL BOLTMANN | DIRECTOR OF SALES | 40.00 |
Highest
|
$117,989 | $38,325 | $156,314 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | No data | No data | No data | No data |
| 2023 | $23,868,004 | $25,150,630 | $75,129,230 | $-1,282,626 |
| 2023 | $20,873,764 | $25,150,630 | $72,134,990 | $-4,276,866 |
| 2022 | $20,485,068 | $23,487,844 | $75,646,397 | $-3,002,776 |
| 2021 | $21,992,663 | $22,668,077 | $84,207,346 | $-675,414 |
| 2020 | $21,769,384 | $21,997,000 | $86,008,190 | $-227,616 |
| 2019 | $18,860,416 | $20,583,080 | $89,533,959 | $-1,722,664 |
| 2018 | $18,839,118 | $18,811,152 | $88,494,166 | $27,966 |
Compare THE LUTHERAN RETIREMENT HOME OF GREATER SEATTLE with other nonprofits in Washington and across the country.