Lhs Foundation Inc

Nonprofit profile at a glance

EIN
341678593
IRS 990 coverage
2010–2024
Forms available
Form 990 2024
Location
Toledo, OH, USA
Phone
4198614990
Rating
75
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Federated Giving Programs
Affiliation
Christianity

Official website

Reported finances

Revenue
$1,354,920
Expenses
$1,446,456
Assets
$21,158,929
Liabilities
$1,635,535

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

14 people listed

Executive titles in this filing

  • KATRIN MCBROOM (PRESIDENT)

Highest reported compensation

  • WILLIAM R MARSHALL (ASST. SEC. /): $421,367 total reported compensation
  • LORINDA SCHALK (TREASURER): $290,819 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The primary exempt purpose of lhs foundation is to provide financial support for the charitable activities of lutheran homes society, inc. And all its subsidiaries. The lhs foundation solicits, receives and invests gifts of money and property and administers and disburses the same and increments thereon for such exclusively charitable uses. Lutheran homes society, inc., the parent corporation of lhs foundation, promotes and facilitates the charitable, religioius, educational, and scientific purposes for which it has received tax exemption, by providing lhs foundation with benefits and services to support lhs foundation, including but not limited to: providing executive management in terms of supervision, strategic planning, policy formulation, and advocacy; engaging in activities intended to assist lhs foundation directly or indirectly in promoting the general health and welfare of communities in which it operates; promoting more efficient utilization of resources through the exercise

What it reported doing in 2024

Lhs foundation is a not-for profit organization that faithfully gathers, protects, invests, and disburses the gifts god's people share with the caring ministries of lutheran homes society as they provide residential care and supportive services for youth and elderly. As a faith-based provider of such service, lhs foundation continues to honor its mission to extend its services to the vulnerable of our population, specifically youth and elderly. We demonstrate behaviors reflecting our core values of faithfulness to christ, equality and justice, wholeness of life, integrity, quality of service, and stewardship of resources. (see schedule o for additional info) lhs foundation overview: lhs foundation provides the fund raising mechanism for the ministries of lutheran homes society to serve youth and elderly in northwestern Ohio and southeastern Michigan in various settings. In 2022, the active donor list was 389 donors. The donations provided by these donors helped to support our ministries to youth and elders. Lhs foundation, as part of the ministry of lutheran homes society, has always been an exemplary provider of support to our ministries as they offer compassionate, quality care to those we serve, but we are also committed to improving and contributing to the communities in which we live and work. In addition to the residents and clients served directly, a wide variety of broad community support activities contribute to the accomplishment of lhs foundation's tax-exempt purpose.

Operating model

Revenue model
Investment-supported. 64% of the money available for current operations came from recurring investment income.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and a relatively small share of total spending goes to programs.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 71
  • Accountability: 92
  • Sustainability: 48
  • Growth: 60

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 81%; rating input score 81
  • Program expense ratio: 55.9%; rating input score 56
  • Fundraising efficiency: $2,966.72 raised per $1 spent on fundraising; rating input score 99; 99th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 99.8%; rating input score 100; 50th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 85.7%; rating input score 86; 20th percentile among comparable filings
  • Governance controls: 8 of 8 controls in place; rating input score 100
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Pass
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -6.8%; rating input score 21; 21st percentile among comparable filings
  • Total-asset coverage ratio: 14.63; rating input score 94; 94th percentile among comparable filings
  • Liabilities to assets ratio: 0.08; rating input score 46; 46th percentile among comparable filings
  • Officer compensation ratio: 7.2%; rating input score 46; 46th percentile among comparable filings

Growth

  • Program expense growth: 9.6% per year; rating input score 100; 61st percentile among comparable filings
  • Revenue growth: -3.8% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: 1.4% per year; rating input score 100; 23rd percentile among comparable filings

Details

  • Where the money goes: 81% of revenue deployed · 55.9% of spending went to programs
  • Governance: 12 of 14 board members independent · 8 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $809K in reported program spending
  • Leadership: top reported pay $421K · 14 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: 6 filed money-flow records
  • Related organizations: 22 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Financial Efficiency: Program expense ratio scored 56/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 21/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 46/100.
  • Moderate — Sustainability: Officer compensation ratio scored 46/100.