Luther Haven
Nonprofit profile at a glance
- EIN
- 410977369
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Location
- Montevideo, MN, USA
- Phone
- 3202696517
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Supportive Housing for Older Adults
Reported finances
- Revenue
- $9,841,773
- Expenses
- $9,904,382
- Assets
- $8,122,381
- Liabilities
- $483,934
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
20 people listed
Highest reported compensation
- ALYCIA PLOCHER (NURSE MANAGER): $121,197 total reported compensation
- ANN NORDSTROM (FINANCE DIRECTOR): $116,383 total reported compensation
- REBECCA HUGHES (NURSE MANAGER): $105,572 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Luther haven was established and organized to care for the elderly and disabled in montevideo and in the southwest Minnesota district of the elca. Its purpose is to serve the elderly and disabled and to promote their physical, social, emotional, and spiritual needs in a christian atmosphere. No person because of race, color, creed, religion, national origin, sex, marital status, status with regard to medical assistance, disability, sexual orientation, membership or activity in a local commission or veteran status shall be barred admission from luther haven.
What it reported doing in 2024
Copper glen: copper glen is a licensed class f assisted living facility. Copper glen is designed as an apartment style complex with services available to assist the tenants to age in a home environment. Program services are intended to bridge the gap between independent living and the care center. Services provided include meals, bathing, housekeeping, maintenance, laundry, and registered nurse supervision staffing. Also provided are ala carte services, central storage of medications, medication administration and management. Volunteers and a local pastoral organization provide worship services.
Operating model
- Revenue model
- Earned-program. 97% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 81
- Transparency & Controls: 94
- Accountability: 100
- Sustainability: 38
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 90.9%; rating input score 91
- Program expense ratio: 90.9%; rating input score 91
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- 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: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- 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: -0.6%; rating input score 31; 31st percentile among comparable filings
- Total-asset coverage ratio: 0.82; rating input score 30; 30th percentile among comparable filings
- Liabilities to assets ratio: 0.06; rating input score 67; 67th percentile among comparable filings
- Officer compensation ratio: 4.6%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 2.9% per year; rating input score 100; 27th percentile among comparable filings
- Revenue growth: 4.3% per year; rating input score 100; 36th percentile among comparable filings
- Asset growth: 0.5% per year; rating input score 100; 14th percentile among comparable filings
Details
- Where the money goes: 90.9% of revenue deployed · 90.9% of spending went to programs
- Governance: 11 of 11 board members independent · 9 of 9 filing controls reported
- Programs: 2 filed program accomplishments · $9M in reported program spending
- Leadership: top reported pay $121K · 20 people listed
- Highest-paid contractors: 5 contractors listed · $1.3M reported
- Consistency: 36 of 36 current checks pass
- Schedules: 5 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- 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.
- Moderate — Sustainability: Operating margin scored 31/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 30/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.