WILLAMETTE LUTHERAN HOMES INC (EIN 930501838) - 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

1963

Legal Domicile

Principal Officer

CHRIS VEIT

Phone

5033931491

Tax Period

2024-04-01 to 2025-03-31

WILLAMETTE LUTHERAN HOMES INC, founded in 1963, is a community nonprofit in the Human Services sector that reported $3.1M in total revenue in fiscal year 2024. Revenue grew 13% year-over-year, indicating healthy expansion.

Mission

HOUSING AND CARE FOR THE ELDERLY.

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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 (2024)

Revenue Breakdown

Contributions & Grants $213,269

Program Service Revenue $2,906,415

Investment Income $2,778

Other Revenue $0

TOTAL REVENUE $3,122,462

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,762,801

Fundraising Expenses $0

Program Expenses $2,599,856

Other Expenses $1,268,913

TOTAL EXPENSES $3,031,714

Year-over-Year Comparison

	2024	2023	Change
Revenue	$3,122,462	$2,766,916	+0.1%
Expenses	$3,031,714	$2,914,338	+0.0%
Net Income	$90,748	$-147,422	-1.6%

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

120

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
CHRIS VEIT	PRESIDENT	2.00	Officer Director	$0	$0	$0
NADINE HEIDELBERG	SECRETARY	2.00	Officer Director	$0	$0	$0
JOHN ANDERSON	VICE PRESIDE	1.00	Officer Director	$0	$0	$0
SCOTT KATTER	TREASURER	1.00	Officer Director	$0	$0	$0
LARRY GEORGE	DIRECTOR	1.00	Director	$0	$0	$0
NEIL HAUGEN	DIRECTOR	1.00	Director	$0	$0	$0
DERYL NIELSEN	DIRECTOR	1.00	Director	$0	$0	$0
DUDLEY NOLTING	DIRECTOR	1.00	Director	$0	$0	$0
LARRY KRIBS	DIRECTOR	1.00	Director	$0	$0	$0
KATHY MEARS	DIRECTOR	1.00	Director	$0	$0	$0
NATALIE OSBURN	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
2025	$3,122,462	$3,031,714	$2,375,991	$90,748
2024	$2,766,916	$2,914,338	$2,349,869	$-147,422
2023	$3,247,131	$3,374,433	$2,523,786	$-127,302
2022	$3,578,134	$3,604,344	$2,727,151	$-26,210
2021	$3,361,359	$3,507,364	$2,772,802	$-146,005
2020	$3,580,381	$3,501,199	$2,932,767	$79,182
2019	$3,242,956	$3,418,993	$2,839,398	$-176,037

WILLAMETTE LUTHERAN HOMES INC