FIRST LUTHERAN DEVELOPMENT INC DBA LUTHER TOWER (EIN 952280367) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

1961

Legal Domicile

Principal Officer

MIKE WALLACE

Phone

8583128170

Tax Period

2017-10-01 to 2018-09-30

FIRST LUTHERAN DEVELOPMENT INC DBA LUTHER TOWER, founded in 1961, is a community nonprofit that reported $7.9M in total revenue in fiscal year 2017. Revenue surged 502% from the prior year, signaling strong growth momentum. Expenses of $10.2M exceeded revenue, resulting in a 29% operating deficit.

Mission

LOW INCOME HOUSING

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2017)

Revenue Breakdown

Contributions & Grants $12,912

Program Service Revenue $102,161

Investment Income $7,790,532

Other Revenue $0

TOTAL REVENUE $7,905,605

Expense Breakdown

Grants Paid $0

Salaries & Benefits $42,652

Fundraising Expenses $0

Program Expenses $10,108,809

Other Expenses $10,156,196

TOTAL EXPENSES $10,198,848

Year-over-Year Comparison

	2017	2016	Change
Revenue	$7,905,605	$1,312,635	+5.0%
Expenses	$10,198,848	$1,091,114	+8.3%
Net Income	$-2,293,243	$221,521	-11.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

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
MIKE WALLACE	President	1.00	Officer Director	$0	$0	$0
JAMES HUNT	Director	1.00	Director	$0	$0	$0
KEN SPINDLER	Director	1.00	Director	$0	$0	$0
STEVE SATO	Director	1.00	Director	$0	$0	$0
CINDY LEHMAN	Treasurer	1.00	Officer Director	$0	$0	$0
MONICA CAMPANELLA	Director	1.00	Director	$0	$0	$0
MERRELL MCMASTERS	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
2018	$7,905,605	$10,198,848	No data	$-2,293,243

FIRST LUTHERAN DEVELOPMENT INC DBA LUTHER TOWER