COLUMBIA LUTHERAN CHARITIES (EIN 930583856) - 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

1958

Legal Domicile

Principal Officer

ERIK THORSEN

Phone

5033254321

Tax Period

2023-01-01 to 2023-12-31

COLUMBIA LUTHERAN CHARITIES, founded in 1958, is a major nonprofit in the Philanthropy & Grantmaking sector that reported $213.0M in total revenue in fiscal year 2023. Revenue grew 13% year-over-year, indicating healthy expansion. Expenses of $192.4M left a modest 10% surplus.

Mission

PROVIDE EXCELLENCE, LEADERSHIP & COMPASSION IN THE ENHANCEMENT OF HEALTH FOR THOSE WE SERVE.

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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 $3,527,466

Program Service Revenue $202,892,588

Investment Income $5,769,700

Other Revenue $852,658

TOTAL REVENUE $213,042,412

Expense Breakdown

Grants Paid $60,451

Salaries & Benefits $73,789,847

Fundraising Expenses $553,291

Program Expenses $146,143,479

Other Expenses $118,595,393

TOTAL EXPENSES $192,445,691

Year-over-Year Comparison

	2023	2022	Change
Revenue	$213,042,412	$188,678,935	+0.1%
Expenses	$192,445,691	$171,602,364	+0.1%
Net Income	$20,596,721	$17,076,571	+0.2%

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

851

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

$2,796,316

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ROBBERT HOLLAND MD	PRESIDENT	3.00	Officer Director	$0	$0	$0
MIKE AUTIO	VICE PRESIDENT	3.00	Officer Director	$0	$0	$0
DAVE NYGAARD	SECRETARY	3.00	Officer Director	$0	$0	$0
JAMES HEILMAN MD	QUALITY OVERSIGHT COMMITTE CHAIR	3.00	Director	$0	$0	$0
BILL LANDWEHR	TREASURER	3.00	Officer Director	$0	$0	$0
DOUG KAUP	TRUSTEE	3.00	Director	$0	$0	$0
HEATHER SEPPA	TRUSTEE	3.00	Director	$0	$0	$0
JEAN DANFORTH	TRUSTEE	3.00	Director	$0	$0	$0
MARK SMITH	TRUSTEE	3.00	Director	$0	$0	$0
MATT PHILLIPS	TRUSTEE	3.00	Director	$0	$0	$0
NANCY MCALLISTER	TRUSTEE	3.00	Director	$0	$0	$0
PAUL HAINES	TRUSTEE	3.00	Director	$0	$0	$0
QURATULAIN DURRANI MD	TRUSTEE	3.00	Director	$0	$0	$0
ERIK THORSEN	CEO	40.00	Officer	$804,969	$49,551	$854,520
NICOLE WILLIAMS	COO	40.00	Officer	$380,815	$55,407	$436,222
JARROD KARNOFSKI	VP - ANCILLARY SERVICES	40.00	Officer	$291,895	$49,629	$341,524
CHRISTOPHER LAMAN	VP - STRATEGY	40.00	Officer	$286,382	$45,428	$331,810
JUDY GEIGER	VP - PATIENT CARE	40.00	Officer	$264,225	$28,818	$293,043
NICOLE PEREZ	VP - HEALTH INFORMATION SERVICES	40.00	Officer	$237,465	$43,519	$280,984
BRANDON PARKER	CFO	40.00	Officer	$234,662	$23,551	$258,213
DAVID LEIBEL	PHYSICIAN	40.00	Highest	$293,605	$33,438	$327,043
JEFFREY CHOW	MANAGER - OP PHARMACY	40.00	Highest	$207,399	$41,780	$249,179
AMY MCKELVEY	MANAGER - PHARMACY	40.00	Highest	$218,382	$26,564	$244,946
JEANETTE SCHACHER	DIRECTOR - MEDICAL GROUP	40.00	Highest	$203,442	$41,049	$244,491
BENJAMIN KIEFER	PHARMACIST	40.00	Highest	$198,240	$41,692	$239,932

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	$213,042,412	$192,445,691	$283,041,281	$20,596,721
2022	$188,678,935	$171,602,364	$249,655,078	$17,076,571
2021	$180,771,261	$155,421,211	$246,096,987	$25,350,050
2020	$167,002,808	$138,223,161	$214,285,423	$28,779,647
2019	$148,283,851	$133,542,939	$179,724,242	$14,740,912
2018	$142,760,528	$123,398,247	$155,406,915	$19,362,281

COLUMBIA LUTHERAN CHARITIES