SOLHEIM LUTHERAN HOME (EIN 951643384) - 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

1954

Legal Domicile

Principal Officer

SAMUEL ODEN

Phone

3232577518

Tax Period

2023-01-01 to 2023-12-31

SOLHEIM LUTHERAN HOME, founded in 1954, is a mid-sized nonprofit in the Health Care sector that reported $17.8M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

PROVIDE A HOME, HEALTH CARE, AND SECURITY FOR THE OLDER ADULTS WHO HAVE CHOSEN SOLHEIM AS THEIR HOME.

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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 $281,606

Program Service Revenue $16,249,509

Investment Income $-56,277

Other Revenue $1,298,365

TOTAL REVENUE $17,773,203

Expense Breakdown

Grants Paid $0

Salaries & Benefits $10,110,837

Fundraising Expenses $113,604

Program Expenses $14,352,819

Other Expenses $7,435,011

TOTAL EXPENSES $17,545,848

Year-over-Year Comparison

	2023	2022	Change
Revenue	$17,773,203	$15,161,959	+0.2%
Expenses	$17,545,848	$16,387,833	+0.1%
Net Income	$227,355	$-1,225,874	-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

218

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

$413,092

Total Directors

Key Employees

$363,023

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RENEE BRANDT	CHAIR	20.00	Officer Director	$0	$0	$0
ROBERT MENZIES	VICE CHAIR	10.00	Officer Director	$0	$0	$0
BOB GERRINGER	MEMBER	3.00	Director	$0	$0	$0
SUSAN STARK	CHAIR	20.00	Officer Director	$0	$0	$0
BEN BECKLER	VICE CHAIR	10.00	Officer Director	$0	$0	$0
SUSAN AUER	MEMBER	3.00	Director	$0	$0	$0
THOMAS BUCKLEY	MEMBER	3.00	Director	$0	$0	$0
PAUL EGGE	MEMBER	3.00	Director	$0	$0	$0
CHUCK KILLIAN	MEMBER	3.00	Director	$0	$0	$0
ADRIA NAVARRO	MEMBER	3.00	Director	$0	$0	$0
BARBARA ROGERS	MEMBER	1.00	Director	$0	$0	$0
BISHOP BRENDA BOS	MEMBER	1.00	Director	$0	$0	$0
SAMUEL ODEN	CHIEF EXECUTIVE OFFICER	40.00	Officer	$213,491	$32,095	$245,586
DAVE PIERCE	CHIEF FINANCIAL OFFICER	20.00	Officer	$167,506	$0	$167,506
MEG PIERCE	S.N.F. ADMINISTRATOR	40.00	Key Emp	$177,229	$14,069	$191,298
MARIE GARNETT	DIRECTOR OF NURSING	40.00	Key Emp	$164,372	$7,353	$171,725
ADAM YARIAN	GENERAL COUNCIL	40.00	Highest	$142,402	$13,305	$155,707
JOCELYN HENSON	LICENSED VOCATIONAL NURSE	40.00	Highest	$134,526	$4,636	$139,162
LYNER NUEVO	DIRECTOR OF FACILITIES	40.00	Highest	$102,246	$26,743	$128,989
CHERYL ARMAS	INFECTION CONTROL NURSE	40.00	Highest	$105,060	$4,733	$109,793
QIRONG CHEN	REGISTERED NURSE (JAN-OCT)	40.00	Highest	$111,489	$11,987	$123,476

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	$17,773,203	$17,545,848	$17,882,961	$227,355
2022	$15,161,959	$16,387,833	$16,614,257	$-1,225,874
2021	$14,981,250	$14,472,481	$18,763,299	$508,769
2020	$15,038,784	$14,608,599	$18,487,767	$430,185
2019	$14,931,581	$13,513,791	$18,373,518	$1,417,790
2018	$14,485,660	$13,060,848	$16,248,101	$1,424,812

SOLHEIM LUTHERAN HOME