Carroll Lutheran Village

What it reported doing in 2024

Additional support services - all levels of care are supported by on-campus access to medical care (including primary care physician, podiatry, dermatology, audiology, lab services and radiology), therapy services, nutritional food service, home health services, diverse religious services, transportation, maintenance, housekeeping, and laundry services. Organizational governance is accomplished through a process that encourages resident participation.carroll lutheran village is dedicated not only to its residents, but also to its staff, the health professions, and the community at large. Residents conduct an annual appeal to raise funds for staff scholarships. Sunday chapel offerings are often designated to provide financial support where it is critically needed. A compassionate response fund exists and is administrered within the governance structure. The village offers support to other non-profit organizations by encouraging staff and residents to act in volunteer, advisory or board roles.local colleges are supported financially, specifically to enhance programs that train and develop skilled healthcare professionals. The local hospital is supported financially as we are engaged in a growing, mutually beneficial partnership to provide quality healthcare services and information to residents of carroll lutheran village and to members of the greater community in need of healthy aging support.internally, meeting space on the campus is offered for use by non-profit community groups. Clinical training is provided for local colleges and tech schools. More specifically, the village supports carroll community college by having our skilled nursing facility serve as the clinical training site for new gnas. We also partner with the secondary school system's career and technical center by havning gna interns work in our skilled and assisted living units. Organizational governance is achieved by volunteer board members with skillsets that compliment the need and mission of the organization. Board members include two resident board members. The resident association is encouraged to partner with management to enhance resident life and other services.

Financial Efficiency

• Mission deployment rate: 76.8%; rating input score 77
• Program expense ratio: 82.3%; rating input score 82
• Fundraising efficiency: $0.8 raised per $1 spent on fundraising; rating input score 2; 2nd percentile among comparable filings

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
• Governance controls: 7 of 9 controls in place; rating input score 78
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Fail
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 2.7%; rating input score 45; 45th percentile among comparable filings
• Total-asset coverage ratio: 3.09; rating input score 76; 76th percentile among comparable filings
• Liabilities to assets ratio: 0.82; rating input score 13; 13th percentile among comparable filings
• Officer compensation ratio: 2.1%; rating input score 76; 76th percentile among comparable filings

Growth

• Program expense growth: 2% per year; rating input score 100; 19th percentile among comparable filings
• Revenue growth: 2.7% per year; rating input score 100; 23rd percentile among comparable filings
• Asset growth: 1.4% per year; rating input score 100; 15th percentile among comparable filings