Civic Intelligence

The Lutheran Homes Society

EIN 42-0698201 • 501(c)3 • Muscatine, IA

Profile

The mission of lutheran homes society is to provide compassionate christian ministry, addressing individual health care needs of its resident community.

2421 Lutheran DriveMuscatine, IA 52761-9392

www.lutheran-homes.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

73rd percentile

0.50x

Higher debt load relative to assets than 73% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

76th percentile

0.88x

Higher debt load relative to revenue than 76% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

18th percentile

-8.5%

Higher net margin than 18% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

26th percentile

$171,878

Higher top officer pay than 26% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

18th percentile

-3.5%

Faster asset growth than 18% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Revenue Growth

27th percentile

-2.5%

Faster revenue growth than 27% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Annualized from 2023 to 2024

Assets

Down

$29,346,396

Down $1,051,034 (-3.5%) from 2023

Liabilities

Up

$14,557,953

Up $105,358 (+0.7%) from 2023

Net Assets

Down

$14,788,443

Down $1,156,392 (-7.3%) from 2023

Revenue

Down

$16,608,693

Down $432,526 (-2.5%) from 2023

Expenses

Up

$18,023,857

Up $845,995 (+4.9%) from 2023

Net Income

Down

-$1,415,164

Down $1,278,521 (-936%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$40M$30M$20M$10M$0Assets 2010: $12,554,651Liabilities 2010: $1,783,231Net Assets 2010: $10,771,4202010Assets 2011: $13,326,118Liabilities 2011: $1,730,418Net Assets 2011: $11,595,7002011Assets 2012: $14,532,347Liabilities 2012: $1,859,832Net Assets 2012: $12,672,5152012Assets 2013: $16,242,918Liabilities 2013: $1,832,572Net Assets 2013: $14,410,3462013Assets 2014: $23,779,945Liabilities 2014: $8,635,931Net Assets 2014: $15,144,0142014Assets 2015: $29,785,009Liabilities 2015: $15,139,973Net Assets 2015: $14,645,0362015Assets 2016: $30,735,292Liabilities 2016: $16,216,810Net Assets 2016: $14,518,4822016Assets 2017: $30,177,595Liabilities 2017: $15,779,111Net Assets 2017: $14,398,4842017Assets 2018: $29,001,826Liabilities 2018: $15,563,093Net Assets 2018: $13,438,7332018Assets 2019: $29,568,912Liabilities 2019: $15,449,515Net Assets 2019: $14,119,3972019Assets 2020: $32,696,726Liabilities 2020: $17,555,494Net Assets 2020: $15,141,2322020Assets 2021: $32,892,213Liabilities 2021: $15,152,953Net Assets 2021: $17,739,2602021Assets 2022: $30,402,427Liabilities 2022: $14,499,611Net Assets 2022: $15,902,8162022Assets 2023: $30,397,430Liabilities 2023: $14,452,595Net Assets 2023: $15,944,8352023Assets 2024: $29,346,396Liabilities 2024: $14,557,953Net Assets 2024: $14,788,4432024

Highlighted filing

2024

Assets$29,346,396
Liabilities$14,557,953
Net Assets$14,788,443

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$20M$15M$10M$5.0M$0-$5.0MExpenses 2010: $10,197,9662010Revenue 2011: $11,101,031Expenses 2011: $10,195,499Net Income 2011: $905,5322011Expenses 2012: $10,166,7322012Revenue 2013: $11,378,065Expenses 2013: $10,370,853Net Income 2013: $1,007,2122013Revenue 2014: $11,400,033Expenses 2014: $10,714,077Net Income 2014: $685,9562014Revenue 2015: $10,943,639Expenses 2015: $11,374,614Net Income 2015: -$430,9752015Revenue 2016: $11,631,823Expenses 2016: $11,959,624Net Income 2016: -$327,8012016Revenue 2017: $12,943,213Expenses 2017: $13,429,852Net Income 2017: -$486,6392017Revenue 2018: $13,200,458Expenses 2018: $13,764,751Net Income 2018: -$564,2932018Revenue 2019: $14,437,706Expenses 2019: $14,181,775Net Income 2019: $255,9312019Revenue 2020: $14,928,438Expenses 2020: $14,419,493Net Income 2020: $508,9452020Revenue 2021: $16,820,917Expenses 2021: $14,694,225Net Income 2021: $2,126,6922021Revenue 2022: $15,005,321Expenses 2022: $15,992,170Net Income 2022: -$986,8492022Revenue 2023: $17,041,219Expenses 2023: $17,177,862Net Income 2023: -$136,6432023Revenue 2024: $16,608,693Expenses 2024: $18,023,857Net Income 2024: -$1,415,1642024

Highlighted filing

2024

Revenue$16,608,693
Expenses$18,023,857
Net Income-$1,415,164

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.3$14.6$14.8$16.6$18.0$1.42
2023Summary only. Only limited summary data is available for this year.$30.4$14.5$15.9$17.0$17.2$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.4$14.5$15.9$15.0$16.0$0.99
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$32.9$15.2$17.7$16.8$14.7$2.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$32.7$17.6$15.1$14.9$14.4$0.51
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.6$15.4$14.1$14.4$14.2$0.26
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.0$15.6$13.4$13.2$13.8$0.56
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.2$15.8$14.4$12.9$13.4$0.49
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.7$16.2$14.5$11.6$12.0$0.33
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$29.8$15.1$14.6$10.9$11.4$0.43
2014Summary only. Only limited summary data is available for this year.$23.8$8.64$15.1$11.4$10.7$0.69
2013XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$16.2$1.83$14.4$11.4$10.4$1.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$14.5$1.86$12.7$10.2
2011Summary only. Only limited summary data is available for this year.$13.3$1.73$11.6$11.1$10.2$0.91
2010XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.6$1.78$10.8$10.2
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$15,014,204
Mission and Program Overview

Mission

The mission of the lutheran homes society is to provide compassionate christian ministry, addressing individual health care needs of its resident community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$19,920,805$19,278,523▼ $642,282
Investments Other Securities$7,591,600$6,694,203▼ $897,397
Cash and Non-Interest-Bearing Accounts$3,727,542$2,936,809▼ $790,733
Accounts Receivable$1,235,743$980,189▼ $255,554
Prepaid Expenses and Deferred Charges$101,678$152,756▲ $51,078
Total Assets$32,892,213$30,402,427▼ $2,489,786
Other Assets Total$314,845$359,947▲ $45,102
Liabilities
Tax Exempt Bond Liabilities$12,678,506$12,329,963▼ $348,543
Accounts Payable and Accrued Expenses$1,615,491$1,284,349▼ $331,142
Deferred Revenue$858,956$873,749▲ $14,793
Other Liabilities-$11,550-
Total Liabilities$15,152,953$14,499,611▼ $653,342
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$16,061,975$14,370,240▼ $1,691,735
Net Assets With Donor Restrictions$1,677,285$1,532,576▼ $144,709
Total Net Assets Fund Balance$17,739,260$15,902,816▼ $1,836,444
Total Liabilities and Net Assets / Fund Balance$32,892,213$30,402,427▼ $2,489,786

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$19,193,021$18,933,282$38,126,303
Land$85,502-$85,502
Other Securities$794,137--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$1,202,846-▼ $143,204-$1,059,642
2021$1,198,067-▲ $4,779-$1,202,846
2020$815,546$345,425▲ $37,096-$1,198,067
2019$878,981-▼ $63,435-$815,546
2018$889,732-▼ $10,751-$878,981
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Stephanie KronlageExecutive DiFT$116,013$8,855$124,868

Board Members and Trustees

NameTitle
Brandy OlsonPresident
Linsey GreerDirector
Megan FrancisDirector
Mike BatenhorstDirector
Susan BurzlaffDirector
Susan EversmeyerDirector
Jessica BopesExecutive Di
Peggy StarkweatherSecretary
Dave HansonTreasurer
Dale WilderVice Preside

Highest Paid Contractors

ContractorServicesLocationCompensation
Health Dimensions Consulting INCManagement/cons12900 WHITEWATER DRIVE SUITE 201, Minneapolis, MN 55343-9407$1,244,723
Onr INCTherapy Service8500 BLUFFSTONE COVE SUITE A201, Austin, TX 78759$763,222
Graptree Medical Staffing INCStaffingPO BOX 5340, Sioux Falls, SD 57117$659,479
Bsg Maintenance INCLaundry And HouPO BOX 165, Newburg, WI 53060$462,697
Revenue and Support

Revenue Composition

Contributions and Grants
$220,239
Program Service Revenue
$14,678,424
Investment Income
$21,448
Other Revenue
$85,210
All Other Contributions
$5,775
Change in Net Assets
$-986,849

Audited Revenue Reconciliation

Revenue per Audited Statements
$15,005,321
Revenue Not Reported on Form 990
$-849,595
Total Revenue per Audited Statements
$14,155,726
Total Revenue per Form 990
$15,005,321
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,168,668
Other Expenses$7,823,502
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$6,645,573$355,975-$7,001,548
Fees for Services Other$2,246,777$315,087-$2,561,864
Depreciation Depletion$1,018,609--$1,018,609
Fees for Services Management-$766,545-$766,545
Occupancy$606,904$39,363-$646,267
Payroll Taxes$513,696$36,484-$550,180
Interest$518,061--$518,061
Other Employee Benefits$467,709$33,218-$500,927
Insurance$84,113$140,334-$224,447
Current Officers, Directors, Trustees, and Key Employees-$116,013-$116,013
Other Expenses$33,954$26,535-$60,489
Advertising-$26,057-$26,057
All Other Expenses$7,929--$7,929
Total Functional Expenses$13,852,614$2,139,556$0$15,992,170

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$15,992,170
Total Expenses per Audited Statements$15,992,170
Total Expenses per Form 990$15,992,170
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Rou Liability$11,550

Bond Issues

BondIssuerIssuedIssue PricePurpose
ACity of Fruitland Iowa2013-10-01$9,000,000LHS ADDITION AND REMODEL
BMuscatine County Iowa2013-10-01$6,000,000LHS ADDITION AND REMODEL

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$9,000,000$18,308$1,412,665$50,001
B$6,000,000$12,233$1,053,367$50,001

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Health dimensions consulting, inc. Is employed as a management company and supplies the lutheran homes society with an administrator who hires and fires employees and helps determine budgets and performs supervision duties.

Form 990, Page 6, Part VI, Line 7A

The member churches have the authority to vote for the members of the board of directors.

Form 990, Page 6, Part VI, Line 11B

A copy of the form 990 will be provided to the board of directors and administrator to review before it is filed.

Form 990, Page 6, Part VI, Line 12C

Officers and directors are required to disclose annually any conflicts of interest, and the board closely monitors situations that could potentially be a conflict of interest regarding officers and directors.

Form 990, Page 6, Part VI, Line 15A

The board of directors reviews and approves all salaries and raises for all key employees including the executive director.

Form 990, Page 6, Part VI, Line 15B

The board of directors reviews and approves all salaries and raises for all key employees including the executive director.

Form 990, Page 6, Part VI, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
The Lutheran Homes Society
EIN
42-0698201
Phone
5632631241
Address
2421 LUTHERAN DRIVE, MUSCATINE, IA 52761-9392

Signing Officer

Name
Jessica Bopes
Title
Executive Director
Phone
5632631241
Signed
2023-11-14

Organization Details

Principal Officer
Jessica Bopes
Formed
1895
Legal Domicile
Ia
Voting Board Members
9
Independent Board Members
9
Employees
247
Volunteers
5

Preparer

Firm
Ryun Givens & Company Pc
Address
2900 100TH ST STE 303, URBANDALE, IA 50322-3855
Preparer
Kathy a French
Phone
5152253141
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Contracted services 2,246,777 135,293 0 professional fees - other 0 179,794 0 total 2,246,777 315,087 0

Financial Statement Notes

Schedule D, Page 3, Part X

The organization has adopted the accounting standard redarding accounting for uncertain tax positions.this standard provides detailed guidance for financial statement recognition, measurement, and disclosure of uncertain tax positions recognized in the entity's financial statements.it requires an entity to recognize the financial statement benefit of a tax position when it is more likely than not that the position will be sustained upon examination. The adoption of this standard had no material effect on the organization's financial position, results of operations, or cash flow.

Schedule D, Page 4, Part XIII

The organization's endowment fund has been established to support its operations. Endowment fund assets are to be held indefinitely and income from the assets can be used for the operations of the organization.

Raw XML AppendixShowing 400 of 601 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt01615491
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt01284349
IRS990/AccountsReceivableGrp/BOYAmt01235743
IRS990/AccountsReceivableGrp/EOYAmt0980189
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0THE MISSION OF THE LUTHERAN HOMES SOCIETY IS TO PROVIDE COMPASSIONATE CHRISTIAN MINISTRY, ADDRESSING INDIVIDUAL HEALTH CARE NEEDS OF ITS RESIDENT COMMUNITY.
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IRS990/AuditCommitteeInd0true
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IRS990/BooksInCareOfDetail/PhoneNum05632631241
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02421 LUTHERAN DRIVE
IRS990/BooksInCareOfDetail/USAddress/CityNm0MUSCATINE
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0IA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd052761
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IRS990/CashNonInterestBearingGrp/EOYAmt02936809
IRS990/ChangeToOrgDocumentsInd0false
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IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt0116013
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt01244723
IRS990/ContractorCompensationGrp/CompensationAmt1763222
IRS990/ContractorCompensationGrp/CompensationAmt2659479
IRS990/ContractorCompensationGrp/CompensationAmt3462697
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt2PO BOX 5340
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0MN
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1TX
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2SD
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd353060
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IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1ONR INC
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IRS990/ContractorCompensationGrp/ServicesDesc2STAFFING
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IRS990/DescribedInSection501c3Ind0true
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